Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com


Credit union account cloned

Sunday, March, 8 2020    

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Virus outbreak could cost airlines US$113 billion

Saturday, March, 7 2020    

SINGAPORE (AP) — The International Air Transport Association (IATA) says the virus outbreak that began in China could cost airlines as much as $113 billion in lost revenue due to the collapse of air travel. Read More

Flycana hopes to get up in the air by end of 2020

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, March, 6 2020    

Dominican Republic based airline, Flycana has expressed its intention to launch operations before the end of this year, and is also aiming to grow its network and encompass numerous destinations in America and the Caribbean.      Read More

PROVEN APO readies for March opening

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, March, 6 2020    

After expressing its intention to make an additional public offer (APO) of ordinary shares to the public back in January, PROVEN Investments Limited (PIL) is now ready to bring these shares to the market eyeing a March 11 opening date. Read More

JMB tackles bad debt ahead of its divestment

BY DURRANT PATE Observer business writer | Friday, March, 6 2020    

The Jamaica Mortgage Bank (JMB) plans to make a serious dent in its bad-debt portfolio ahead of its divestment later this year. Read More

Citigroup's McGuire for next month's Visionaries Summit

Friday, March, 6 2020    

Vice-chairman of investment banking company Citigroup and chairman of Citi's banking, capital markets and advisory divisions Raymond McGuire will join the Visionaries' Summit as a featured speaker. Read More

Big boost coming for Jamaica's film industry with soon to be launched screen fund

BY DURRANT PATE Observer business writer | Friday, March, 6 2020    

Jamaica is set to launch its Screen Fund Initiative in which film makers and producers can get financing of up to 45 per cent of a project and eligible budget for both local and international film productions. Read More

New GEF US-dollarfunded initiative gets underway in Caribbean

Friday, March, 6 2020    

A new US$46 million initiative to promote blue economic priorities, in support of the sustainable use and conservation of the region's vast and diverse marine ecosystems and resources, gets underway in the Caribbean. Read More

What's employment all about?

BY DENNIS JONES | Friday, March, 6 2020    

The title draws on a phrase used to persuade you that quantity is more important than quality, and originated from unscrupulous London backstreet tailors palming off with cheap material instead of the good stuff for your suit. Read More

Independent media in the firing line in Cuba

Friday, March, 6 2020    

HAVANA, Cuba (AFP) — Monica Baro's investigation into cases of lead poisoning in Havana won her a prestigious Latin American journalism award but few friends in the Cuban government, which views independent media outlets like hers with growing suspicion. Read More

Caribbean tourism and health stakeholders forge alliance to safeguard visitors and residents from COVID-19

Friday, March, 6 2020    

In an effort to implement readiness and response measures to prevent and contain the novel coronavirus (COVID-19) within the region, leaders of the Caribbean tourism and health sectors have established COVID-19 Caribbean Tourism Task Force (CCTTF). Read More

Italian tourism market fallout in the wake of coronavirus

BY HORACE HINES Observer staff reporter | Friday, March, 6 2020    

Over 200 Italian tourists in Jamaica are now back home after boarding scheduled flights from Montego Bay to the cities of Milan and Verona over the weekend in the shadow of significant novel coronavirus/Covid-19 outbreak in sections of that... Read More

Business Observer Report: JSE declines… 1 billion US dollars development breaks ground in St Ann… JCC calls for tax simplification and modernisation

Thursday, March, 5 2020    

KINGSTON, Jamaica— The local stock market has been in decline, as investors are selling out their shares to position themselves to buy into the recent initial public offerings that are on the market and those that will be coming over the next few months. Read More

Bahamas Central Bank warns economy could be flat this year

Thursday, March, 5 2020    

NASSAU, Bahamas (CMC) — The Central Bank of The Bahamas (CBB) says expectations are that the domestic economy could post a flat out-turn in 2020, with a recovery in 2021, as pre-Hurricane Dorian capacity is restored. Read More

SVL reports record 2019 profit while horse racing subsidiary continues to bleed

Wednesday, March, 4 2020    

Jamaican-based regional gambling company, Supreme Ventures Limited (SVL) is reporting record-breaking profits for 2019 in spite of the continuing losses from its horse racing subsidiary, Supreme Ventures Racing and Entertainment Limited (SVREL). Read More


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