Business

How can SMEs survive in a new digital future?

BY MARIA SOOKDEO | Wednesday, August, 28 2019    

The Association of Caribbean States (ACS), in Latin America and the Caribbean reports that small and medium-sized Enterprises (SMEs) represent 90- 95% of the establishments/businesses created in the manufacturing, trade and services sectors. Read More

PIOJ explains the latest poverty data showing an increase in 2017

BY DURRANT PATE Observer Business Writer | Wednesday, August, 28 2019    

The Planning Institute of Jamaica (PIOJ) is seeking to set the records straight regarding the latest data on poverty in the country, showing a 2.2 per cent jump in 2017 to 19.3 per cent of the population living below the poverty line. Read More

Mission:FoodPossible programme moves to Portland

BY ALEXIS MONTEITH Observer Business Writer | Wednesday, August, 28 2019    

The Mission:FoodPossible (M:FP) programme, which trains community members and schools how to maximise food resources, is expanding to four primary schools in Portland. This move by M:FP follows a pilot programme which began in October 2018 at the St John's Primary School in St... Read More

First Rock in need of more cash soon

BY DURRANT PATE Observer Business Writer | Wednesday, August, 28 2019    

First Rock Capital Holdings is admitting that it has deployed almost all of the $2.5 billion raised from a private placement earlier this year and will shortly be in need of more cash for investment purposes. Read More

More effective development banking system needed — 'Butch' Hendrickson

BY ABBION ROBINSON Observer Business Writer | Wednesday, August, 28 2019    

Chairman and Chief executive officer of National Baking Company, Gary “Butch” Hendrickson, is calling for a more effective development banking system to facilitate micro, small and medium-sized enterprises (MSMEs), to spearhead a major change in the manufacturing paradigm of... Read More

Plans in place to increase output in agriculture sector after April-June decline

BY KELLARAY MILES Observer Business Reporter | Wednesday, August, 28 2019    

 The Planning Institute of Jamaica (PIOJ) in its latest review of the country's economic performance is reporting a 2.5 per cent decline in the agriculture, forestry and fisheries industry. Read More

Why is China's currency falling?

Wednesday, August, 28 2019    

SHANGHAI, China (AFP) — China's yuan has sunk by around four per cent in August to its lowest point in more than 11-years yesterday, a decline likely to further exacerbate trade tensions with Washington. Read More

US stocks slide as bond yields surge on trade war worries

Wednesday, August, 28 2019    

New York , USA — Stocks capped a wobbly day on Wall Street with broad losses yesterday as anxious investors shifted money to US government bonds, gold and other traditional safe-haven assets. Read More

Inter-American Development Bank amends procurement procedures

Wednesday, August, 28 2019    

WASHINGTON DC (CMC) — The Washingt on-based Inter-American Development Bank (IDB)says it has carried out an ambitious “Amendment to its Procurement Policies” intended to support the implementation of the bank's institutional strategy in such areas as... Read More

US home prices rise a modest 2.1 per cent

Wednesday, August, 28 2019    

WASHINGTON (AP) — US home prices rose more slowly in June as some of the country's most expensive housing markets saw stagnant or even falling prices. Read More

US consumer confidence dips in August

Wednesday, August, 28 2019    

WASHINGTON, United States (AFP) — US consumers remained solidly optimistic about the American economy in August, despite turmoil in trade relations, as a key confidence measure dipped only slightly after a surge in July, according to a survey released... Read More

Scotiabank encourages financial wellness in Jamaica

BY DURRANT PATE Observer Business Writer | Sunday, August, 25 2019    

Scotiabank encouraged financial wellness in Jamaica through its high-profile public seminar last week on planning for financial success. Read More

First quarter profit falls at Lasco Financial Services

Sunday, August, 25 2019    

Lasco Financial Services Limited (LFSL) reported on Wednesday (August 14), an unaudited net profit of $91.1 million for the company's first quarter ended June 2019, despite a nine per cent decrease when compared to the corresponding quarter in 2018. Read More

Smart resigns from tTech

Sunday, August, 25 2019    

Information technology services provider tTech Limited is advising that Marcelle Smart, consulting services manager, has resigned effective September 12, 2019. Read More

Difficulties in receiving refunds from the National Housing Trust

with Claudienne Edwards | Sunday, August, 25 2019    

I am a retired civil servant and since 2016, have been trying to recover my National Housing Trust (NHT) contributions under the Special Refund Programme. Based on the statement of contributions (copy attached) it appears that the NHT is experiencing difficulty in locating my... Read More



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