Business

Cuba slightly loosens controls on state media

Friday, June, 22 2018    

HAVANA, Cuba (AP) — Minutes after a plane carrying 113 people crashed on takeoff from Havana airport, Cuban state media filled with minute-by-minute updates, cellphone video from the accident and an interview from the scene with newly named President Miguel... Read More

In football-mad Haiti, World Cup offers relief from daily grind

Friday, June, 22 2018    

PORT-AU-PRINCE, Haiti (AFP) — Whether they are fans of Argentina's Lionel Messi or devotees of Brazil's “Selecao,” Haitians struck by football fever have brought life on their Caribbean island to a standstill, as the World Cup offers a month-long respite from daily... Read More

Mottley meets with IDB president to discuss loan disbursement rate

Friday, June, 22 2018    

BRIDGETOWN, Barbados (CMC) — Prime Minister Mia Amor Mottley has expressed concern with Barbados' disbursement rate of loans from the Inter-American Development Bank (IDB). Read More

Dom Rep points to increased trade with Haiti

Friday, June, 22 2018    

SANTO DOMINGO, Dominican Republic (CMC) — The government of the Dominican Republic says trade with neighbouring Haiti has surpassed last year's figure of US$800 million. Read More

NCB launches realtor incentive programme to boost mortgage business

Thursday, June, 21 2018    

On a drive to improve its mortgage portfolio, $11-billion profit maker NCB has established an initiative to reward realtors and real estate entities for referring approved and booked mortgage business to NCB. Read More

Australia telecom giant Telstra to axe 8,000 jobs

Thursday, June, 21 2018    

Sydney , Australia (AFP) — Australia's dominant telecommunications company Telstra yesterday announced plans to axe 8,000 jobs — a quarter of its workforce — as part of a drastic new strategy to cope with an increasingly competitive... Read More

SCI lists on the JSE

BY HANNIFFA PATTERSON Observer writer | Wednesday, June, 20 2018    

Sygnus Credit Investments (SCI), the private credit investment company managed by the Sygnus Group, listed two classes of shares on the Jamaica Stock Exchange (JSE) Main Market on Monday. Read More

Cabinet replaces Jamaican directors on Petrojam board

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, June, 20 2018    

The Cabinet yesterday named three new members of the board of directors of the Petrojam oil refinery, to replace the three Jamaican directors who resigned on Monday. Read More

Devaluation hits Wisynco prices

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, June, 20 2018    

Months after announcing a three per cent reduction in the prices of imported goods to pass on savings from the declining US currency, newly listed Wisynco Group says it has been forced to revert to original prices as the US currency once again strengthens against the... Read More

IMF pleased with Jamaica's economic performance

Wednesday, June, 20 2018    

KINGSTON, Jamaica (CMC) — An International Monetary Fund (IMF) delegation has ended a one-week visit to Jamaica saying that economic progress is reflected in high employment levels, an 11-year low unemployment rate, and significantly lower poverty rate. Read More

Loshusan increases its presence in Portmore market

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, June, 20 2018    

By mid-2019, residents of Portmore, St Catherine, should have their shopping experience improved with the addition of the Loshusan-owned Sunshine Outlet Mall. Read More

Estate planning 101 — practical considerations

Natasha Rickards | Wednesday, June, 20 2018    

Estate planning involves preparing for the transfer of an individual's assets after his or her death. Some examples of assets that would form part of an estate include: life insurance, pensions, real estate, motor vehicles, shares, investments, and personal... Read More

Investors bullish on productive sector

Wednesday, June, 20 2018    

In last week's trading on the Jamaica Stock Exchange, stocks of companies that directly benefit from the productive sector have found favour with investors. Read More

Google to invest US$550 million in China e-commerce giant JD.com

Wednesday, June, 20 2018    

BEIJING, China (AFP) — Google will invest more than half a billion US dollars in China's second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday. Read More

JMEA concerned about Petrojam controversy

Wednesday, June, 20 2018    

The Jamaica Manufacturers and Exporters Association (JMEA) yesterday stated its concern over the controversy surrounding the governance and operations of Petrojam, as well as the lack of transparency associated with the company over the years. Read More



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