Business

Trillion-dollar robbery

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, April, 14 2019    

A new report published by the International Monetary Fund (IMF) has estimated that Government corruption has robbed the world of US$1 trillion in tax revenues or 1.25 per cent of global GDP. Read More

Customs duty tax on household items

with Claudienne Edwards | Sunday, April, 14 2019    

Dear Claudienne,I am a senior citizen and a returned resident, residing in Mandeville. I made a visit to the US and returned on an American Airlines A Flight into Montego Bay on December 27, 2018. Read More

PanJam's profit jumps to $5.3b

Sunday, April, 14 2019    

PANJAM Investment Limited partially attributed the 29 per cent increase it recorded in profit for its year ended December 2018 to the local economic landscape. Read More

LIAT wants more than six per cent salary cut

Sunday, April, 14 2019    

BRIDGETOWN, Barbados (CMC) – The cash-strapped Antigua-based regional airline, LIAT, says despite pilots and its workers across all its destinations agreeing to a six per cent salary cut, the airline is still facing a severe financial problem and may require a greater salary cut... Read More

Sagicor Investments raises $4.1b for Barita Investments

Sunday, April, 14 2019    

SAGICOR Investments has raised $4.065 billion for Barita Investments Limited (BIL) following the closing a non-renounceable rights issue by the company. Read More

US oil giant Chevron to acquire Anadarko for US$33 billion

Sunday, April, 14 2019    

NEW YORK, United States (AFP) — Chevron announced Friday that it will acquire smaller US rival Anadarko for US$33 billion, in a deal that strengthens the oil giant's exploration and production holdings in its home market. Read More

Gov't targets 100,000 more Jamaicans for BPO jobs by 2022

BY ANTHONY LEWIS Observer writer | Friday, April, 12 2019    

ROSE HALL, St James — More than 100,000 Jamaicans are being targeted for employment in the business process outsourcing (BPO) sector by 2022, as the Government aims to position the industry as a major sector for investment. Read More

CDB urged to transform and evolve for the Caribbean

Friday, April, 12 2019    

BRIDGETOWN, Barbados (CMC) — Chairman of the Board of Governors of the Caribbean Development Bank (CDB), Camille Robinson-Regis, says the regional institution must continue to evolve even on the completion of its ongoing transformation in order to respond effectively to the... Read More

IMF projects 1.4% GDP growth for Latin America and Caribbean

BY ALEXIS MONTEITH Observer writer | Friday, April, 12 2019    

Real GDP for Latin America and the Caribbean in 2019 is projected to grow at 1.4 per cent, according to the latest World Economic Outlook report from the International Monetary Fund (IMF). Read More

JSE Investor Forum attracts over 1,300

Friday, April, 12 2019    

T he Jamaica Stock Exchange (JSE) 50th Anniversary Investor Forum attracted more than 1,300 people interested in creating wealth by investing in the stock market. Read More

BOJ makes US$20 million intervention in FX market

Friday, April, 12 2019    

BANK of Jamaica (BOJ) intervened in the foreign exchange market on Monday with an injection of US$20 million. The money was sold to authorised dealers and large cambios aimed at smoothing temporary gaps between the supply and demand in the market. Read More

JetBlue to start US-Guyana service

Friday, April, 12 2019    

GEORGETOWN, Guyana (CMC) — American low-cost airline JetBlue is planning to roll out scheduled services between New York and Georgetown in the near future. Read More

Cuba's worker bees boost thriving honey business

Friday, April, 12 2019    

NAVAJAS, Cuba (AFP) — In the floral valleys of Cuba's Matanzas province, old-fashioned farming means bees can swarm without the threat of pesticides that have decimated populations across the world. Read More

Colouring the Caribbean

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, April, 12 2019    

Strengthened by its merger with ANSA Coatings Jamaica Ltd (ACJ), Berger Paints Jamaica Limited (BPJL) is targeting new regional territories and markets this year. Read More

Flavocure's pancreatic cancer drug discovery attracts US$1.5 million from Asian equity investor

Friday, April, 12 2019    

Asian equity investor Denning Growth Fund (DGF) has invested US$1.5 million in a pancreatic cancer drug develo ped by Flavocure Biotech Inc, the US-based pharmaceutical company founded by Jamaican scientist Dr Henry Lowe. Read More



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