Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com

Business

Street Forrest pledges JSSE support to M'Power Women's Group

Sunday, January, 10 2021    

Managing director of the Jamaica Stock Exchange (JSE) Marlene Street Forrest has pledged her support from the Jamaica Social Stock Exchange (JSSE) to the Manpower and Maintenance Services Limited's (MMS) non-profit organisation M'Power Women's Group (MWG). Read More

Pulse repays $250-million bond four years early

Sunday, January, 10 2021    

Despite the economic disruption caused by the novel coronavirus pandemic, Pulse Investment Limited was able to repay a $250-million bond four years ahead of time. Read More

Bond prices are rising, what does this mean?

BY EUGENE STANLEY | Sunday, January, 10 2021    

Bonds, like many other asset classes, have recovered from their novel coronavirus pandemic-induced sell-off in March 2020 and prices should continue to rise since the US central bank plans to keep its policy rate near zero until at least 2023 even as the economy... Read More

Business Notes

Sunday, January, 10 2021    

JAMAICA TEAS ACTIONS Read More

Finally, UTech pays PATH grant to student

Sunday, January, 10 2021    

Dear Claudienne:I am a graduate of the University of Technology (UTech), Jamaica.I was approved for a PATH grant of $100,000 by the Ministry of Labour in 2019 and the ministry then paid over the grant to UTech. Read More

US loses 140,000 jobs, first monthly loss since spring

Sunday, January, 10 2021    

WASHINGTON, United States (AP) — US employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses. Read More

VM makes Christmas merry for two with $1-m prizes

Saturday, January, 9 2021    

Victoria Mutual (VM) brought a big surprise and a very merry Christmas to two lucky million-dollar winners of the 'Win with VM' referral promotion. Read More

PROVEN aiming to execute new deals through additional public offering

BY DAVID ROSE Observer business writer | Friday, January, 8 2021    

After being on the cusp of its original US$75-million additional public offering (APO), PROVEN Investments Limited (PIL) has returned to the market to raise new capital for its upcoming acquisitions and developments. Read More

Sagicor's X-Fund selling stake in Playa

BY DAVID ROSE Observer business writer | Friday, January, 8 2021    

Nearly two-and-a-half years after entering a transaction with Playa Hotels and Resorts in a deal that was supposed to give parent company Sagicor Group Jamaica (SGJ) greater latitude to regional growth in tourism, Sagicor Real Estate X-Fund is disposing of its stake in... Read More

138SL remains profitable despite UWI going online

Friday, January, 8 2021    

Although half of its financial year (FY) was disrupted due to the novel coronavirus pandemic causing most of the students at The University of the West Indies, Mona, (UWI) to leave its halls, 138 Student Living Limited (138SL) was able to generate $316.8 million in... Read More

Massy Group to provide entrepreneurial support across the Caribbean

Friday, January, 8 2021    

The Massy Group is set to assist entrepreneurial growth throughout the Caribbean by funding newly formed social enterprise, Nudge, to the equivalent of US$1 million. Read More

PROVEN acquires 50.5 per cent stake in Barbados manufacturing company

Friday, January, 8 2021    

Proven Investments Limited (PROVEN) through a recent sale agreement with Massy Properties, a company in the Massy Group has acquired a 50.5 per cent stake in the Barbados-based company, Roberts Manufacturing Limited. Read More

US long-term mortgage rates hit new lows; 30-year at 2.65%

Friday, January, 8 2021    

WASHINGTON, United States (AP) — US long-term mortgage rates declined this week to new record lows for the first week of 2021. Read More

Gordon 'Butch' Stewart — an icon among icons

BY DENNIS CHUNG | Friday, January, 8 2021    

A lot has been said about the late Gordon “Butch” Stewart, and his impact on entrepreneurship and the general development of Jamaica. In my eyes (as I have said in the past), he has had a more positive impact on promoting Jamaica than any prime minister, just like Bob... Read More

Frank Comito steps down as head of CHTA

Friday, January, 8 2021    

Frank Comito has retired as chief executive and director general of the Caribbean Hotel and Tourism Association (CHTA). Read More



ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT