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


COVID-19 global recession will push over 1.4% of world's population into extreme poverty — World Bank

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, October, 7 2020    

AS a result of the global recession caused by the COVID-19 pandemic by 2021 an additional 110-150 million people will have fallen into extreme poverty, living on less than US $1.90 per day. This means that the pandemic and global recession may push over 1.4 per cent of the world's... Read More

Time for AI in Parliament!

Wednesday, October, 7 2020    

ONE of the things we inherited from the British parliamentary system is the practice of keeping record of debates. Hansard is a “substantially verbatim” report of what is said in sessions at Jamaica House where members' contributions are captured by stenographers and then... Read More

Shine a light

BY Phil Smith | Wednesday, October, 7 2020    

AS governments pour trillions of dollars into limiting the human and economic impact of COVID-19, better measures of public sector fiscal health are urgently required. Read More

Jamaica's sales management crisis

BY DUANE LUE-FUNG | Wednesday, October, 7 2020    

THERE have been sales management crises in Jamaica and the region for a long time. Before now, several chief executive (CEOs) and managers may have scoffed at this assertion, calling it absurd, but now that has changed. Read More

Work from home: customs duties and the SEZ space

With Jazeel Martin | Wednesday, October, 7 2020    

“I am working from home,” has become a popular statement in Jamaica, certainly since March 2020. Read More

IMF approves aid for world's 28 poorest countries

Wednesday, October, 7 2020    

NEW YORK, United States (AFP) — The International Monetary Fund (IMF) on Monday approved new emergency aid for 28 of the world's poorest countries to help them alleviate their debt and better cope with the impact of the novel coronavirus pandemic. Read More


BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Sunday, October, 4 2020    

The Supreme Ventures Group (SVG), through its Prime Sport subsidiary, last Thursday debuted the airing of its popular cash pot game in South Africa. Read More

Double listing on the JSE's main and junior markets

Sunday, October, 4 2020    

The Jamaica Stock Exchange (JSE) saw another historic day on Tuesday last (September 29), when TransJamaican Highway cumulative redeemable eight per cent preference shares and Tropical Battery Limited ordinary shares were listed on the JSE's main and junior market,... Read More

Lasco Distributors to expand warehouses, product range despite COVID-19

BY DAVID ROSE | Sunday, October, 4 2020    

After a blowout first quarter which saw net profit spike by 57 per cent to $258 million, consumer and pharmaceutical distributor Lasco Distributors Limited (LDL) is looking to propel its current prospects to new heights. The company is now seeking new means of reaching consumers in the... Read More

Retirement challenges

BY Lisa Minto Powell | Sunday, October, 4 2020    

We are constantly being reminded of the need to prepare for retirement and given various tips, however, there are challenges that arise that you only realise once you are retired or approaching retirement. One such challenge, which is also a blessing, is your... Read More

Sygnus seeking to double its investment portfolio to US$100 million

BY DURRANT PATE Observer business writer | Sunday, October, 4 2020    

Sygnus Credit Investments is seeking to double its US$50-million Caribbean investment portfolio over the next two to three years. Read More

Tell Claudienne assists with solving Ministry of Health pension matter

with Claudienne Edwards | Sunday, October, 4 2020    

Dear Claudienne:I am seeking your assistance to get the Government pension that is due to me but which is being withheld by the Ministry of Health and Wellness. Read More

CDB president calls for completion of regional integration to advance Caribbean economies

Friday, October, 2 2020    

President of the Caribbean Development Bank (CDB) Dr Warren Smith has called for the completion of regional integration projects in order to grow economies and advance the standard of living across the Caribbean in the novel coronavirus pandemic aftermath. Read More

Robert Stennett appointed deputy governor at BOJ

Friday, October, 2 2020    

The Bank of Jamaica (BOJ) has appointed Robert Stennett as the new deputy governor with portfolio responsibility for Research and Economic Programming and Financial Stability. Read More

Sunset Resorts delays reopening of two Jamaican properties

Friday, October, 2 2020    

Sunset Resorts, which has operations across the Caribbean, has announced that two of its properties in Montego Bay, Jamaica will remain closed until January 2021 due to the global pandemic. Read More


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