Business

Mayberry Jamaican Equities grows assets base

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, October, 14 2018    

Mayberry Jamaican Equities (MJE) managing director, Natalie Augustin, has reported revenues of $6.76 billion, in total comprehensive income for the 9-month period which ended September 30, 2018 Read More

$21,000 in fees to discharge a mortgage

Sunday, October, 14 2018    

Dear Claudienne: Read More

House gets update on self-financing public bodies' performance

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, October, 14 2018    

THE group of government-owned self-financing public bodies (SFPBs) recorded an overall balance surplus of $9,974 billion (budgeted surplus: $1,498.8 billion) during the first quarter of financial year 2018/19. Read More

Important market update and opportunities

BY MARIAN ROSS | Sunday, October, 14 2018    

Amplified trade tensions between the US and China and increasing interest rates in the USA have been blamed for the widespread sell-off observed in developed and developing markets last week. With the exception of the Jamaican and Brazilian Stock markets, most asset prices were lower week on... Read More

Wisynco pumps $300M in gas plant

Sunday, October, 14 2018    

Wisynco Group Ltd (Wisynco) has announced plans to pump $300 million in the construction of a two-megawatt energy plant at its Lakes Pen property in St Catherine. Read More

Clarke explains extra $2.5B for JUTC in supplementary budget

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, October, 14 2018    

SINCE the beginning of 2018/19, the Jamaica Urban Transit Company (JUTC) has made four separate requests to the Ministry of Finance and the Public Service for additional financial support. Read More

US stocks finish solidly up after volatile session; Dow +1.1%

Sunday, October, 14 2018    

NEW YORK, United States (AFP) — Wall Street stocks ended a topsy-turvy session solidly higher on Friday, winning back some of the losses from a two-day rout. Read More

Jetliner lands in US after world's longest flight

Sunday, October, 14 2018    

NEW YORK, United States (AFP) — An Airbus jetliner arrived in Newark on Friday after a nearly 18-hour trip from Singapore, completing the world's longest commercial flight.It marked the revival of a route that had been eliminated in 2013. Read More

Motley pleased with fiscal improvements

Friday, October, 12 2018    

BRIDGETOWN, Barbados (CMC) — The Barbados government says the island's foreign reserve has improved over the past four months and there are signs that the prospects for a better economic situation are gaining momentum. Read More

JF Mills to roll out new products

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, October, 12 2018    

Archer Daniels Midlands Company (ADM), a US-based flour milling facility which acquired the Jamaica Flour Mills (JF Mills) 21 years ago as part of its retail brand, is looking to capture even more market share with the roll- out of new products. Read More

Holness says Jamaicans should be proud of their architects

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, October, 12 2018    

Prime Minister Andrew Holness says that Jamaicans should be proud of the entries from their architects for the Houses of Parliament Design Competition. Read More

Shaw laments not enough farmers embracing technology

BY HORACE HINES Observer staff reporter | Friday, October, 12 2018    

MONTEGO BAY, St James — Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw is lamenting that not enough local farmers are capitalising on the drip irrigation and other technologies now available to them. Read More

The Utmost for the Highest — Calabar Old Boys Celebrate

Friday, October, 12 2018    

On the evening of Saturday, October 6 there was a glorious display of school spirit at the 2018 iteration of the Calabar Old Boys' Association (COBA) dinner and awards. The annual event took place at the Mona Visitors' Lodge at the University of the West Indies, Mona, and was attended by... Read More

Wide Inequality Gap

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Friday, October, 12 2018    

As Jamaica starts to see some improvements in its economy — growth at 1.8 per cent, unemployment at about nine per cent, a world-leading stock market in terms of growth, and consumer confidence at a 17-year high — it is still lagging much of the region in terms of battling income... Read More

Barbados pegs future on FX measures

Friday, October, 12 2018    

BRIDGETOWN, Barbados (CMC) — Barbados is considering relaxing its decades-old foreign exchange measures in a bid to attract foreign exchange into the island, a senior government advisor has said. Read More



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