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Business

Moody's downgrades The Bahamas

Monday, June, 29 2020    

NEW YORK (CMC)— The US-based rating agency Moody's Investors Service, (Moody's) has downgraded The Bahamas Government long-term issuer and senior unsecured ratings by two notches to Ba2 from Baa3. Read More

LIAT to be liquidated, says Antigua prime minister

Monday, June, 29 2020    

ST JOHN'S, Antigua (CMC) — Prime Minister of Antigua and Barbuda Gaston Brown has announced plans to liquidate the regional carrier, LIAT. Read More

Brace for increase in insurance premiums says IAJ

BY DURRANT PATE Observer Business Writer | Sunday, June, 28 2020    

The Insurance Association of Jamaica (IAJ) is advising Jamaicans to brace for an increase in premium come January next based on COVID-19 and other market conditions. Read More

Enough reserves to manage debt post-COVID-19— BOJ governor

BY KELLARAY MILES Observer business reporter | Sunday, June, 28 2020    

Governor of the Bank of Jamaica Richard Byles has indicated that amidst the massive fallout occasioned by the COVID-19 pandemic, there is enough foreign reserves to fulfill Jamaica's debt obligations. Read More

Digicel invites rival company, Orange to turn the page on their litigation

BY DURRANT PATE Observer Business Writer | Sunday, June, 28 2020    

HAVING been awarded a multimillion court judgment, Jamaica-based telecommunications giant Digicel has requested that its rival company, Orange, based in France, not take their litigation any further. Read More

Companies Act to be amended to allow for electronic AGMs

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Sunday, June, 28 2020    

THE Companies Office of Jamaica (COJ), in conjunction with the Ministry of Industry, Commerce, Agriculture and Fisheries, is presently working on amendments to the Companies Act which will permit listed companies to hold virtual and hybrid annual general meetings (AGM), says Judith... Read More

Fitch revises Digicel's credit rating

Sunday, June, 28 2020    

INTERNATIONAL ratings agency, Fitch has revised and assigned new ratings to Digicel's corporate family following the conclusion of its distressed debt exchange. Read More

Digital transformation is a must —IDB's Therese Turner-Jones

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Sunday, June, 28 2020    

While the COVID-19 pandemic has sprouted innovations and opportunities to combat its impact, digital transformation is necessary to aid countries' sustainability, according to Therese Turner-Jones, the Inter-American Development Bank (IDB) general manager and country... Read More

Pier 1 record losses but are poised to recover

BY ONOME SIDO Observer writer | Sunday, June, 28 2020    

With over 5,000 square feet to host guests, Pier 1 in Montego Bay has made staff and guest safety their number one priority. Read More

The world of buy backs

BY YANIQUE LEIBA-EBANKS | Sunday, June, 28 2020    

Companies around the world make important decisions every day. Some companies have cash flow issues, but some lucky companies have the opposite problem — they have extra cash on their hands. Read More

Survive or thrive — the CEO's sales infrastructure check!

BY DUANE LUE-FUNG | Sunday, June, 28 2020    

In what shape will your business be when this pandemic disruption is over? Read More

IMF urges caution

Saturday, June, 27 2020    

WASHINGTON, DC, United States (CMC) — The director of the Western Hemisphere Department of the International Monetary Fund (IMF) Alejandro Werner said yesterday Latin America and the Caribbean have become the new coronavirus (COVID-19) global epicentre. Read More

Canopy Insurance performing above expectations

Friday, June, 26 2020    

Just over a year after announcing a joint venture between the GraceKennedy and the Musson Group to enter the group health and life insurance market under the brand name Canopy, GraceKennedy Group CEO Don Wehby is signalling confidence in the... Read More

United Oil & Gas committed to oil exploration in Jamaican waters

By Durrant Pate Observer business writer | Friday, June, 26 2020    

United Oil & Gas is not giving up on prospecting for oil in Jamaican waters despite the pull out of its joint venture partner, Tullow Oil, in March this year. Read More

EXIM Bank providing $8.1 billion in loans

Friday, June, 26 2020    

The National Export-Import Bank of Jamaica (EXIM Bank) says it will be disbursing $8.1 billion in loans to micro, small, and medium-sized enterprises (MSMEs) this fiscal year. That is an increase of $2.1 billion over the $6 billion in financing to the MSME sector for... Read More



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