Business

Double-digit growth for Elite Diagnostic

Friday, October, 11 2019    

Health service company Elite Diagnostic Limited has for its financial year ended June 30, 2019 recorded double-digit growth in profitability, seeing a net profit of $51.8 million. The performance demonstrates a growth representing a 13.3 per cent increase from $44.9... Read More

Finance minister seeks de-risking relaxation at World Bank/IMF annual meetings

BY DURRANT PATE Observer business writer | Friday, October, 11 2019    

Finance and Public Service Minister Dr Nigel Clarke leaves for Washington this weekend to among other things attempt to do what his predecessor, Audley Shaw was unable to do, which is to get the American banking community to relax their de-risking concerns on Jamaica. Read More

Half Moon rated 13th on list of top 50 resorts in the Caribbean

Friday, October, 11 2019    

Condé Nast Traveler has announced the results of its annual readers' choice awards with Half Moon being listed number 13 among the top 50 resorts in the Caribbean and the top Jamaica resort. Read More

MPC Caribbean makes 8.9% dividend payment

Friday, October, 11 2019    

MPC Caribbean Clean Energy Fund (MPC Caribbean) has paid its first dividend, as the investors were told of its expansion plans in Jamaica and regionally. Read More

Jamaica joins global stock markets in bracing for impact of Cannabis Banking Bill

Friday, October, 11 2019    

The Jamaica Stock Exchange (JSE) has joined other stock markets across the globe in bracing for the impact of the Cannabis Banking Bill, which is currently before the US Congress. Read More

GraceKennedy opens US$5-m facility in New Jersey

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, October, 11 2019    

The GraceKennedy (GK) Group has taken another step forward in becoming a global consumer group when on Monday, it opened its brand-new Grace/LaFe facility in Woodbridge, New Jersey.In a release on Wednesday, it was noted that the facility cost the company... Read More

Chukka's zipline boost for Dunn's River

BY HORACE HINES Observer staff reporter hinesh@jamaicaobserver.com | Friday, October, 11 2019    

Business and tourism interests are confident that the new partnership between Chukka Caribbean Adventures and Dunn's River Falls will further boost cruise and stopover arrivals in the resort town. Read More

Luxury Planet Hollywood hotel coming to Jamaica

Friday, October, 11 2019    

Minister of Tourism Edmund Bartlett on Wednesday announced that a Sunwing Travel Group-led Luxury Planet Hollywood Hotel & Resort will break ground in Trelawny next year. Read More

FT DECLARES JAMAICA WORLD'S TOP PERFORMING STOCK EXCHANGE

BY ALEXIS MONTEITH Observer writer | Friday, October, 11 2019    

The Financial Times has given recognition to Jamaica's stock market success story in a piece entitled 'Jamaican stock exchange rallies to become world's best performing'. Read More

TSL partners with Safe Quality Food Institute for international certified training

Friday, October, 11 2019    

Canadian consultant and food safety and quality systems implementation expert, Frank Schreurs, will be flying into Jamaica as trainer and technical team representative for the Safe Quality Food Institute (SQFI), as Technological Solutions Limited (TSL) partners with the United... Read More

Haiti in crisis: who's who and what's at stake

Friday, October, 11 2019    

PORT-AU-PRINCE, Haiti (AFP) — Haiti's capital Port-au-Prince and other major cities in the impoverished Caribbean country have been convulsed by widespread protests demanding the resignation of President Jovenel Moise. Read More

Haitian Opposition rejects president's appeal for dialogue

Friday, October, 11 2019    

PORT-AU-PRINCE, Haiti (AFP) — The Haitian Opposition on Wednesday rejected President Jovenel Moïse's appeal for dialogue, as the country's main cities remain paralysed after more than a month of often violent protests. Read More

Panama Canal sees cargo record despite US-China trade war

Friday, October, 11 2019    

PANAMA CITY, Panama (AFP) — A record 469 million tonnes of goods were transported through the Panama Canal since October last year, despite a trade war between the canal's main patrons, China and the United States, the waterway's administrators said Wednesday. Read More

Fontana Waterloo plugs small, medium entrepreneurs

BY ABBION ROBINSON Observer staff reporter robinsona@jamaicaobserver.com | Wednesday, October, 9 2019    

Fontana Pharmacy's new Waterloo mega — store is offering a number of small and medium-sized Jamaican businesses an opportunity to improve sales through shelf placement in the store that Chief Executive Officer Anne Chang says will bring together “Caribbean... Read More

Revised POCA to be tabled this month

BY DURRANT PATE Observer business reporter | Wednesday, October, 9 2019    

Amendments to the Proceeds of Crime Act (POCA) to remove the onerous Know Your Customer (KYC) requirements for small businesses opening bank accounts will be tabled in Parliament as soon as this month. Read More



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