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Business

$74-million six-month profit for Kremi

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.co | Sunday, October, 18 2020    

CARIBBEAN Cream Limited (CCL), which trades as Kremi, posted on Thursday (Oct 15) an unaudited after-tax profit of $74.05 million for the six-month period ended August 31, 2020, up from the $35.32 million recorded in the previous corresponding period. Read More

Leave emotions out of policy decisions

Dennis Chung | Sunday, October, 18 2020    

In the Netflix movie Enola Holmes , Sherlock Holmes tells his younger sister (Enola) that in order to solve a mystery one must not think about the circumstance as to what you want it to be but what... Read More

Tyrone Wilson named new Mobile Edge Solutions chairman

Sunday, October, 18 2020    

Local tech and software development firm Mobile Edge Solutions Limited has appointed Tyrone Wilson as its new chairman, effective August 1. Read More

En Garde!!!

BY Yanique Leiba-Ebanks | Sunday, October, 18 2020    

Did you read the title and immediately picture two opponents with swords drawn getting ready to battle it out in a fencing match? Well, even if you didn't, the literal translation for “en garde” is “be on your guard”. You may not be in a literal... Read More

Dealing with another bank account issue

with Claudienne Edwards | Sunday, October, 18 2020    

Dear Claudienne:I am writing to you because I don't know what else to do and I am extremely frustrated.On April 23, 2020 I logged on to my Scotiabank account and discovered that $360,000 was taken from it by unscrupulous persons. Read More

BCIC preps cyber insurance for businesses

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Sunday, October, 18 2020    

Amid rising cybercrimes and sophisticated digital attacks on companies globally, a British Caribbean Insurance Company (BCIC) executive has said that the underwriting company is in the process of adding cyber insurance as a new line to its already extensive list of... Read More

A late slide erases gains for US indexes

Sunday, October, 18 2020    

Wall Street closed out a choppy week of trading with more of the same Friday as a late-afternoon stumble led US stock indexes to a mixed finish. Read More

Bermuda's Butterfield Bank announces more redundancy plans

Sunday, October, 18 2020    

HAMILTON, Bermuda (CMC) — The Bermuda-headquartered Butterfield Bank has made approximately 25 staff members redundant on the island because of the economic impact of the coronavirus pandemic which, to date, has killed nine people. Read More

Foreign invasion

BY DURRANT PATE Observer Business Writer | Friday, October, 16 2020    

The significant potential of Jamaica's legalised medical marijuana and hemp industry is resulting in a foreign invasion, as another overseas company has entered the fray in getting provisional licences to do business here. Read More

Entrepreneurs benefit from debt, asset management advice at C&W webinar

Friday, October, 16 2020    

“Now is a good time for entrepreneurs and small business owners to consider debt consolidation. Renegotiating the terms of your loans can result in reduced monthly rates, longer repayment times and lower interest rates to assist your business... Read More

Knutsford Express hit hard by COVID-19

BY DURRANT PATE Observer Business Writer | Friday, October, 16 2020    

Transport provider Knutsford Express Services (KEX) took a beating in its first quarter, as revenues were down by $202 million or 62 per cent. Read More

ECLAC calls for public-private partnerships for post-COVID-19 recovery

Friday, October, 16 2020    

The executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, says that the private sector – and chambers of commerce in particular – will play a key role in the economic recovery of the region from the... Read More

I know she will excel!

BY OBSERVER BUSINESS WRITER | Friday, October, 16 2020    

Chief executive officer (CEO) of the GraceKennedy Group of companies Don Wehby is praising the appointment of Audrey Tugwell Henry as president and CEO of ScotiaBank Jamaica. Read More

Mayberry sees changes in management personnel

BY DURRANT PATE Observer Business Writer | Friday, October, 16 2020    

Investment and brokerage company Mayberry Investments has had two major personnel changes. Read More

Caribbean Travel Marketplace scheduled for spring 2021

Friday, October, 16 2020    

Plans for Caribbean Travel Marketplace (CTM) — the region's showcase of its global leadership, diversity and resilience in tourism — are currently underway as organisers are seeking innovative ideas and expressions of interest from tourism... Read More



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