Business

Huge solar plant aims for brighter Brazil energy output

Sunday, November, 12 2017    

PIRAPORA, Brazil (AFP) — Brazil has lagged far behind in the shift to solar power, but the continent's biggest facility now being built in the south-east aims to give the country its place in the sun. Read More

What does money mean to you?

With Dennise Williams | Sunday, November, 12 2017    

It's not a news flash that most of us are living beyond our means. The question for today is, are we living above our meaning? Read More

How the IMF can help put Jamaica first

BY KEITH COLLISTER | Friday, November, 10 2017    

An excellent editorial in yesterday's Jamaica Observer, entitled “Resist the politicking and put Jamaica first”, ended by noting, “We don't expect the Opposition, after running such a brilliant first leg, to resort to old strategies of seeking political advantage by... Read More

NCB makes record profits

Friday, November, 10 2017    

Parent company for National Commercial Bank, NCB Financial Group Ltd, saw an all-time high in profits for its fourth quarter ending September 2017, achieving net profit of $19.1 billion. Read More

High rainfall and Caribbean hurricanes tarnish Seprod profits

Friday, November, 10 2017    

Food manufacturer Seprod Limited has expressed confidence that operating profits for 2017 will exceed that of 2016 as ongoing projects come on line during fourth quarter. Read More

AMG Packaging folds toilet paper production

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, November, 10 2017    

AMG Packaging and Paper Company Limited (AMG) on Monday announced it will discontinue the production of toilet paper effective March 31, 2018. Read More

Create an environment to encourage growth and development

BY DENNIS CHUNG | Friday, November, 10 2017    

Last Sunday, Justice Minister Delroy Chuck made a presentation to newly commissioned Justices of the Peace, and it was one of the most passionate and practical speeches I have ever listened to. Read More

Belize says it's not surprised by Guatemala's latest move

Friday, November, 10 2017    

BELMOPAN, Belize (CMC) – The Belize Government says it is not surprised at the latest move by Guatemala seeking to claim all of the Caribbean Community (Caricom) country ahead of a referendum early next year in the Spanish-speaking country regarding the border dispute between the... Read More

Hurricane sets off fierce debate about leaving Puerto Rico

Friday, November, 10 2017    

SAN JUAN, Puerto Rico (AP) — The disaster wrought by Hurricane Maria has set off an anguished debate across Puerto Rico, where friends, family and co-workers are arguing fiercely over the morality of leaving the blacked-out island for the US mainland versus fulfilling a patriotic... Read More

Barbados' economic model is outdated, says Innis

Friday, November, 10 2017    

BRIDGETOWN, Barbados (CMC) — Industry Minister Donville Inniss believes Barbados' economic model is outdated, although it has served the country well. Read More

Broadway sensation Hamilton heading to Puerto Rico

Friday, November, 10 2017    

NEW YORK, United States (AFP) — Hamilton creator Lin-Manuel Miranda announced Wednesday that he will bring the smash hit musical to Puerto Rico in 2019 as he rallies behind the hurricane-hit island's reconstruction. Read More

Jeffrey Hall: Taking Producers Group to new heights

BY MOSES JACKSON | Thursday, November, 9 2017    

Today the Jamaica Observer publishes the third of 12 stories on the nominees for this year's Business Leader Award being held under the theme “Business Leader: Executive Steward”. The nominees are among the top CEOs in Jamaica. Read More

Jamaica poised for medical tourism

BY HORACE HINES Observer staff reporter | Wednesday, November, 8 2017    

MONTEGO BAY, St James — Prime Minister Andrew Holness is confident that the recently opened GWest Centre here has inched Jamaica closer to exploit the lucrative medical tourism market. Read More

Gov't looking at stamp duty/transfer tax effect on NHT transactions

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, November, 8 2017    

Leader of Government Business in the Senate, Kamina Johnson Smith, assured members recently that the Ministry of Finance and the Public Service is actively reviewing the effect of stamp duty and transfer tax charges on National Housing trust (NHT) transactions. Read More

Paramount Trading to manufacture bleach for Seprod

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, November, 8 2017    

In a deal worth $100 million, chemicals company Paramount Trading will further diversify its operation to include the manufacture of bleach. Read More



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