Business

Mayberry profits decline while value of investments increases

Wednesday, May, 3 2017    

Mayberry Investments Ltd has reported a 98.2 per cent decline in net profit for the quarter ending March 31. The company saw profit decline to $1.7 million for the three months ending March 2017, from the $93.6 million the... Read More

Caribbean Cream maintains profitability

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, May, 3 2017    

Faced by higher raw material costs and other rising expenses, Caribbean Cream Ltd ended its fourth year on the Junior Market of the Jamaica Stock Exchange with profit slightly improved to $172 million. Earnings at year end... Read More

Dolphin Cove's Burrowes says switch to US dollars buttresses profit

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, May, 3 2017    

Stafford Burrowes, chairman and CEO of Dolphin Cove Ltd, says the decision in 2016 to adopt the United States dollar as its functional currency instead of the Jamaican dollar resulted in Dolphin Cove showing “real growth rates”. Read More

Income from Guardian Holdings sends NCB profit to historic high

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, May, 3 2017    

NCB Financial Group Ltd (NCBFG) and its subsidiaries booked net profit of $9.5 billion at mid-year March 31, 2017 - an increase of 58 per cent over the prior year. The group achieved its highest quarterly result of $5.9 billion, up 63 per cent... Read More

Jamaica Producers ups F/X earnings

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, May, 3 2017    

In a new company report, Jeffrey Hall, group managing director of Jamaica Producers Group Ltd, notes that the company's long-term strategy is focused on strengthening sales in hard currency markets.In 2016 the group earned... Read More

Understanding the new property tax regime

Natasha Rickards and Alexis Robinson | Wednesday, May, 3 2017    

In recent times there has been much concern and confusion as it relates to the adjustments in the new property tax rates for the period 2017-2018. This article is aimed at providing some insight in respect of the law governing property tax in... Read More

ISP eyes higher share value

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, May, 3 2017    

ISP Finance Services Ltd, whose share price quadrupled in value during 2016, is likely to see growth which might further drive share price upwards, management indicates in the company's recently published annual report.On Tuesday May 2 the share... Read More

Microsoft creates 'Dubai Font' typeface for the city

Wednesday, May, 3 2017    

DUBAI, United Arab Emirates (AFP) — The Dubai g overnment on Sunday announced the launch of “Dubai Font”, the first typeface developed by Microsoft for a city, which will be available in 23 languages. Read More

Is relationship marketing a cost or an investment?

with Herman Alvaranga | Wednesday, May, 3 2017    

In conventional efforts to improve the probability of retaining customers, many organisations have turned to the techniques and philosophy of relationship marketing. The focus of relationship marketing is on building bonds and ties between the organisation and its customers to... Read More

Are you returning to Jamaica?

Wednesday, May, 3 2017    

RETURNING RESIDENTSIf you are a Jamaican national 18 years or older and have been living abroad for three years or more, and you are planning on returning to Jamaica to live permanently, you may qualify for the Returning Resident Incentive. Read More

Apple delivers higher profits, but iPhone sales slip

Wednesday, May, 3 2017    

SAN FRANCISCO, United States (AFP) — Apple yesterday reported a rise in quarterly profits, but its shares took a hit from slow-growing revenues and weaker iPhone sales ahead of a 10-year-anniversary model on the horizon.Apple said that its... Read More

Britain steps up fight against dirty London property

Wednesday, May, 3 2017    

LONDON, United Kingdom (AFP) — Britain took a significant step towards exposing dirty money in the London property market this week, passing a law allowing the seizure of homes from foreigners who cannot explain how they paid for them. Read More

What the EU wants: Brexit guidelines

Wednesday, May, 3 2017    

BRUSSELS, Belgium (AFP) — Twenty-seven EU leaders on Saturday formally approved their guidelines for Brexit negotiations at a summit in Brussels.Here are the key points of the guidelines, first produced by European Council President Donald... Read More

Britons shun e-books due to 'screen fatigue'

Wednesday, May, 3 2017    

LONDON, United Kingdom (AFP) — British sales of e-books are waning, trade figures revealed Thursday, suggesting readers were suffering from “screen fatigue”.Britain's publishing industry had a record-breaking year in 2016, with... Read More

How did things get so bad in Venezuela?

Wednesday, May, 3 2017    

CARACAS, Venezuela (AP) — After years of steady economic decline, Venezuela is in the grips of the deepest crisis of its recent history. The streets of Caracas are awash almost daily in tear gas, neighbouring governments are issuing increasingly stern condemnations and... Read More



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