Business

Returning Cubans boost island's real estate market

Sunday, November, 18 2018    

HAVANA, Cuba (AFP) — In shorts and wearing shoes but no socks, Mauricio Garcia could pass for a tourist as he strolls around Old Havana. But he's as Cuban as a Cohiba cigar, and his return after 16 years abroad is part of the demographic behind Communist-run Cuba's emerging real... Read More

No rebate from JN

Claudienne Edwards | Sunday, November, 18 2018    

Dear ClaudienneI reside in Jamaica. In 2012 I took out a home mortgage with Jamaica National. One of the requirements for getting the loan was that I pay a monthly premium towards the JN Bank Group life insurance scheme that was held with Sagicor Life. Read More

France seizes jet at take-off after Ryanair doesn't pay bill

Saturday, November, 17 2018    

PARIS, France (AP) — Storms, strikes, computer failures — you can now add “your plane has been seized by the g overnment” to the list of things that can delay your flight. Read More

TAJ wants Cornwall Courts residents to settle $40m in property taxes

Saturday, November, 17 2018    

MONTEGO BAY, St James — The Montego Bay Tax Administration Department has disclosed that residents of the Cornwall Courts Housing Scheme in the city owe a hefty sum of roughly $40 million in property taxes. Read More

Salada investing $200 million in coffee pilot project

Friday, November, 16 2018    

Salada Foods Jamaica, known for its flagship instant coffee brand Jamaica Mountain Peak and popular new brands Mountain Bliss 876 and Roast and Ground, is making an advance purchase of 25,000 boxes of local coffee berries which will be processed to green beans, stored and blended into Salada's... Read More

JSE makes bold step towards pioneering social enterprises

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, November, 16 2018    

To the average Jamaican, the Jamaica Stock Exchange (JSE) is all about profits and virtually nothing much to do with social responsibility. Read More

CAC selected for redevelopment project in Barbuda

Friday, November, 16 2018    

As the redevelopment of the island of Barbuda continues since its devastation more than a year ago by Hurricane Irma, Jamaican-based company CAC 2000 Ltd has been selected to join an international engineering team involved in the development of an initial set of... Read More

CIBC FirstCaribbean, Kingston Properties sign US$5-m loan

Friday, November, 16 2018    

CIBC FirstCaribbean International Bank and Kingston Properties Ltd (KPREIT) have signed a US$5.06-million loan which will support the refinancing and acquisition of property. Read More

IDB says Caribbean urgently needs 'quality leap' from declining export competitiveness

Friday, November, 16 2018    

BUENOS AIRES, Argentina (CMC) — A new report by the Inter-American Development Bank (IDB) says Latin America and the Caribbean need a “quality leap” from declining export competitiveness. Read More

$3.7 Billion in Profits for GraceKennedy

Friday, November, 16 2018    

JAMAICAN conglomerate GraceKennedy (GK) saw an uptick in both revenues and profits for the nine-month period ending September 30, 2018.For the period under review, Grace posted revenues of $73.8 billion, an increase of $4.5 billion over the same period last year. Read More

Grenada on target to meet visitor arrivals figure

Friday, November, 16 2018    

ST GEORGE'S, Grenada (CMC) — Grenada says it is gearing to welcome half-a-million visitors to the island with tourism officials backing its “marketing beyond the main hub” campaign. Read More

Trinidad Gov't defends guarantee to Petrotrin

Friday, November, 16 2018    

PORT OF SPAIN, Trinidad (CMC) — The Trinidad and Tobago government Wednesday said it provided guarantees of more than US$400 million to the cash-strapped oil company, Petrotrin, to meet its financial and other obligations so far this year. Read More

Cuba to pull thousands of doctors from Brazil in Bolsonaro row

Friday, November, 16 2018    

HAVANA, Cuba (AFP) — Cuba announced Wednesday it will pull thousands of its doctors out of Brazil in response to president-elect Jair Bolsonaro's “direct, contemptuous and threatening” remarks about its medical aid programme. Read More

Sterling's stock split takes effect Nov 27

Thursday, November, 15 2018    

Sterling Investments Limited (SIL), an investment holding company managed by Sterling Asset Management, has announced that the record date of the 5:1 stock split previously announced is November 27, 2018. Read More

Energy drives US consumer prices to 9-month high in October

Thursday, November, 15 2018    

Washington, United States (AFP) — US consumer inflation got a bump in October, as prices for gasoline and electricity shot up, rising along with the cost of shelter and medical care, the government reported Wednesday. Read More



ADVERTISEMENT
ADVERTISEMENT

Poll

ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT