Business

Feasibility study on air condition system using seawater for NMIA

Saturday, July, 1 2017    

A feasibility study is to be done for an air conditioning, energy efficiency system using seawater for the Norman Manley International Airport in Kingston. Read More

PBS seeks US$41.5M on JSE

Friday, June, 30 2017    

PRODUCTIVE Business Solutions (PBS) Jamaica — previously Xerox Jamaica Ltd — is seeking to raise US$41.5 million ($5.43 billion) through an initial public offering (IPO) on the Jamaica Stock Exchange. Read More

Jamaica's interest rates highest in the Caribbean

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Friday, June, 30 2017    

Bank customers in Jamaica pay a higher rate of interest on loans than any country in the region, according to statistics from the CIA's World Factbook. Read More

The bull market will continue — Berry

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, June, 30 2017    

Executive Chairman of Mayberry Investments Ltd Christopher Berry is encouraging stockholders to hold stocks over the next 12 months in anticipation that the local stock market will continue to perform well. Read More

Southwest drops 2 Cuban routes, citing performance, ban

Friday, June, 30 2017    

DALLAS, United States (AP) — Southwest Airlines says it will drop flights to two Cuban destinations, citing its struggles to attract passengers and a tougher US stance toward the island nation. Read More

Failure to tame crime monster costing Jamaica dearly

BY DENNIS CHUNG | Friday, June, 30 2017    

It is a well-accepted fact that crime — the number one impediment to doing business in Jamaica — is costing us between four to six per cent of GDP annually. Read More

COJ sets sights on 30,000 delinquent company directors and secretaries

Friday, June, 30 2017    

The Companies Office of Jamaica (COJ) is threatening to release the names of more than 30,000 delinquent directors and secretaries and that of the entities they operate as it seeks to enforce greater compliance in its collections ... Read More

Board rejects Puerto Rico budget because of overspending

Friday, June, 30 2017    

SAN JUAN, Puerto Rico (AP) — A federal control board overseeing Puerto Rico's finances rejected the US territory's proposed budget on Tuesday because it said it lacks at least US$200 million in specific cost-saving measures and contains nearly US$120 million in overspending and... Read More

UN calls on Haiti government to step up

Friday, June, 30 2017    

PORT-AU-PRINCE, Haiti (AFP) — The UN Security Council on Saturday urged Haiti's government to take on a more active role in the country's development, as international peacekeepers prepare to pull out after a 13-year mission. Read More

Calls for peace and dialogue to end strike by textile workers in Haiti

Friday, June, 30 2017    

PORT-AU-PRINCE, Haiti (CMC) — The President of the Superior Council of Wages (CSS), Rudy Heriveaux, is calling for calm and dialogue” as trade unions step up their demands for an increase in the minimum wage for workers at textile factories in Haiti. Read More

Singapore helping Jamaica to develop SEZs

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, June, 28 2017    

More than 200 Jamaican government officials will be trained in key areas of economic development by Singaporean experts as part of an addendum signed to a Memorandum of Understanding between Singapore and Jamaica. Read More

UDC, private sector moved to transform downtown Kingston as tourist destination

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, June, 28 2017    

Plans are underway for the development of a second Bob Marley museum in Trench Town as stakeholders seek to maximise on the potential of the birthplace of rocksteady and reggae music in bringing international guests to Jamaica. Read More

JetBlue eyes opportunities in Jamaica

BY JOSIMAR SCOTT Observer writer | Wednesday, June, 28 2017    

With the summer tourist season now upon us, New York-based air carrier JetBlue has plans to add a second weekly flight from Fort Lauderdale, Florida, to the resort city of Montego Bay, as well as to increase seating capacity for the Fort Lauderdale to Kingston route. Read More

Stakeholders welcome urban centre proposals for St Thomas

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, June, 28 2017    

Chairman of the Factories Corporation of Jamaica (FCJ), Lyttleton “Tanny” Shirley, says that the proposed transformation of the old Goodyear factory – close to Morant Bay — into an urban centre for St Thomas will be... Read More

BOJ transitions to overnight policy interest rate

Wednesday, June, 28 2017    

Bank of Jamaica (BOJ) yesterday announced that, effective 01 July 2017, its policy rate will be the interest rate that it pays on overnight deposits held by deposit-taking institutions at Bank of Jamaica. Read More



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