Business

OPEC is perilously close to the edge of a cliff

BY Philip Baker | Wednesday, May, 24 2017    

OPEC is perilously close to the edge of a cliff, and it will face a moment of truth tomorrow.The latest published US Energy Information Administration (EIA) data reveal that with the rise in US energy self-sufficiency due largely to rapid,... Read More

A common mistake that most marketing managers make

Herman Alvaranga | Wednesday, May, 24 2017    

While reviewing a marketing plan recently, I suggested to the author that brand awareness was not a marketing objective. She insisted that it was one of her primary marketing objectives and outlined her reason. It was her marketing plan and she was defiant. It... Read More

Resolving the riddle of redundancy consultations

WITH JAHMAR CLARKE | Wednesday, May, 24 2017    

Riddle me this, riddle me that: Make me redundant without prior consultation, you must hire me back! Or so everybody thought. The Industrial Disputes Tribunal (IDT) ruled in Sappleton v Cemex Jamaica Ltd that Cemex did not need... Read More

Oil producers to extend output curbs at OPEC meeting

Wednesday, May, 24 2017    

VIENNA, Austria (AFP) — Oil producers inside and outside the OPEC cartel began gathering in Vienna yesterday ahead of a meeting expected to agree an extension of production curbs aimed at easing a global supply glut.Less predictable,... Read More

Fed says 30% of US adults face financial strain

Wednesday, May, 24 2017    

WASHINGTON, United States (AFP) — Nearly one-third of US adults face financial difficulties or are “just getting by”, despite a slight improvement in well-being in the overall population, according to Federal Reserve report released Friday. Read More

Brazil packed with travel riches, so why so few tourists?

Wednesday, May, 24 2017    

SAO PAULO (AP) — Brazil is home to the largest rainforest on Earth. It has miles of sandy, deserted beaches, and stunning flat-topped mountains. It invented samba and a devilish little drink called the caipirinha. It has massive reserves for native peoples and charming... Read More

Nigerian economy shrinks by 0.5%

Wednesday, May, 24 2017    

ABUJA, Nigeria (AFP) — Nigeria's economy contracted for a fifth-straight quarter, official figures showed yesterday, as low oil production dented overall output. Gross domestic product (GDP)shrank by 0.5 per cent in the first three months... Read More

Congo breaks ground on US$58 million China-funded parliament building

Wednesday, May, 24 2017    

BRAZZAVILLE, Congo (AFP) — Congo broke ground on a new Chinese-funded parliament building in the capital Brazzaville on Monday estimated at over US$58 million.The investment from China's government was criticised by opposition groups which... Read More

Ivory Coast economic 'miracle' risks morphing into mirage

Wednesday, May, 24 2017    

BOUAKE, Ivory Coast (AFP) — Following a string of mutinies, plummeting cocoa prices, depressed growth and social unrest, Ivory Coast's economic “miracle” has taken a battering and runs the risk of turning into a mirage. Read More

Dredging the drains: the race

Wednesday, May, 24 2017    

ACCRA, Ghana (AFP) — The seasonal rains are due in Ghana, and like every year since 2015, when more than 150 people were killed during the deluge, the disaster looms heavily over the capital, Accra.Authorities are scrambling to prevent a... Read More

Business climate good for investment — Wynter

Monday, May, 22 2017    

Governor of the Bank of Jamaica Brian Wynter says that while challenges remain, the business climate in Jamaica is conducive to attracting increased private sector investment.“We need all our entrepreneurs to see it, understand it, and... Read More

Derrimon resets financing as it expands

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Sunday, May, 21 2017    

Derrimon Trading Company Ltd (Derrimon) acquired $329 million in new loans during the first quarter ended March 31, in pursuit of refinancing existing debt and new acquisitions. At the same time, however, consolidated total... Read More

Slight delay for pension payment from office of Accountant General

Sunday, May, 21 2017    

Dear Claudienne,I am seeking your assistance in securing the balance of the lump sum pension payment due to me from the Accountant General (AG). I retired as a government worker on July 13, 2015, and received partial payment of the lump... Read More

As coin collection dwindles, BOJ to start coin drive

BY ALPHEA SAUNDERS Senior staff reporter saunders@jamaicaobserver.com | Sunday, May, 21 2017    

The central bank says it will be initiating a coin drive in order to help meet the demand for coins, which it has not been able to supply in full since March.The drive is part of efforts to ensure that the current shortage, which the operators... Read More

A glimpse into the bond market

With Yanique Leiba-Ebanks | Sunday, May, 21 2017    

Did you know that the bond market is estimated to be US$100 trillion in size? In addition, in spite of all the media attention given to equities, both local and foreign, did you know that the global bond market is much larger than the equity market? The equity market is... Read More



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