Business

Nicaragua sharply cuts budget because of unrest

Friday, August, 17 2018    

MANAGUA, Nicaragua (AFP) — Nicaragua's National Assembly on Tuesday approved a drastic cut to the national budget because of the economic impact of months of anti- g overnment unrest. Read More

Hard-hit Venezuelan churches forced to accept plastic for donations

Friday, August, 17 2018    

CARACAS, Venezuela (AFP) — Venezuela's collapsing economy has forced churches and priests to get creative in order to keep their coffers full as four years of recession and a projected one million per cent inflation rate hit everyone hard. Read More

JMMB profit up 56% for Q1

Thursday, August, 16 2018    

REGIONAL financial entity JMMB Group will launch its consumer finance line of business in Trinidad and Tobago later this year as well as increase its number of automated teller machine (ATM) services in Jamaica as part of plans to drive growth. Read More

Lasco pushes for greater share of food drink market

Thursday, August, 16 2018    

Cost controls and strong sales contributed to LASCO Manufacturing Limited (LASM) growth in net profit by 77 per cent for the first quarter of the year. Read More

Qatar promises US$15-B investment in Turkey — presidency

Thursday, August, 16 2018    

Ankara, Turkey (AFP) — Qatar on Wednesday promised to make a US$15-billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic stand-off with the United States, officials said. Read More

Tencent profits drop as China puts squeeze

Thursday, August, 16 2018    

HONG KONG (AFP) — China's Tencent reported a quarterly drop in net income Wednesday amid an apparent regulatory squeeze on the tech giant's online gaming business. Read More

Sagicor Investments Unit Trust tops 12-month performance

BY DENNISE WILLIAMS Observer writer | Wednesday, August, 15 2018    

Over the last 12 months for the period ending July 30, 2018, four of the seven unit trust companies have delivered double-digit returns to investors. The top performer was Sagicor Investments' Sigma Equity Fund which gave investors 25.34 per cent return. Read More

Sagicor grows its share of insurance industry to all-time high

Wednesday, August, 15 2018    

Leading provider of life and health insurance in Jamaica, Sagicor, now controls 63 and 64 per cent of the individual life and group health insurance industry market share respectively, according to a May 2018 report from the Insurance Association of Jamaica (IAJ). Read More

Erdogan can save the Turkish lira

Steve H Hanke | Wednesday, August, 15 2018    

The Turkish lira floats, but not on a sea of tranquillity. Since Recep Tayyip Erdogan became president in August 2014, the lira has shed 66 per cent of its value against the US dollar. Read More

Google tracks your movements, like it or not

Wednesday, August, 15 2018    

SAN FRANCISCO, United States (AP) — Google wants to know where you go so badly that it records your movements even when you explicitly tell it not to. Read More

Dividend season bringing returns for investors

BY DENNISE WILLIAMS Observer writer | Wednesday, August, 15 2018    

With savings accounts paying less than 1.75 per cent and repurchase agreements at the top end of the market for accounts with $1 million or more, the stock market has attracted the interest of investors who want to enjoy a quarterly paycheque and... Read More

Black Panther delivers stock price surge for Palace Amusement

BY DENNISE WILLIAMS Observer writer | Wednesday, August, 15 2018    

In the wake of “Wakanda Forever” fever and a swell of black pride driven by King T'Challa and the rest of Marvel Studio's Black Panther mega hit, Palace Amusement saw its stock price surge by 154 per cent. Read More

A cure for the canna-biz?

BY STEPHANIE EWBANK | Wednesday, August, 15 2018    

Medical cannabis has increasingly captivated legal, political and corporate interest on a global scale, as more than 20 countries have moved towards legalisation of cannabis for medicinal use, and even some towards recreational use. Read More

Gateway Co-operative Credit Union technology services build-out nears completion

BY HORACE HINES Observer staff reporter hinesh@jamaicaobserver.com | Wednesday, August, 15 2018    

MONTEGO BAY, St James — The thrust by Gateway Co-operative Credit Union — which boast assets in excess of $7.5 billion — to roll out cutting-edge technology for the delivery of products and services such as online banking and online ATM is nearly 90 per cent... Read More

KPREIT looks to new property

Wednesday, August, 15 2018    

Kevin Richards, chief executive officer of Kingston Properties Limited (KPREIT), has disclosed that plans are in place to complete the acquisition of another cash-yielding property for the real estate investment company by December. Read More



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