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


Alarm bells ringing over auction of Sweet River Abattoir

Friday, January, 17 2020    

The directors and major investors in the listed company and meat processor, Sweet River Abattoir, are raising alarm bells regarding the auction of the company's assets that took place on November 26 last year. Read More

PHOTO: Sun Fun Soiree

Friday, January, 17 2020    

From left: NCB Capital Markets Vice-President of Investment Banking Herbert Hall, StanleyThompson CEO Steven Gooden and Dwight Jackson celebrate at the NCB Capital Markets staff party at Mona Visitors Lodge in Kingston on Saturday. (Photo: Garfield Robinson) Read More

Maduro bids to revive Venezuela's 'petro' cryptocurrency

Friday, January, 17 2020    

CARACAS, Venezuela (AFP) — President Nicolas Maduro on Tuesday decreed that airlines flying from Caracas must pay for fuel in Venezuela's ailing “petro” cryptocurrency, which he ordered to be more widely used in the cash-strapped South American... Read More

2019 a boom year for JAs tourism industry

Friday, January, 17 2020    

The Jamaica Tourist Board (JTB) in its latest preliminary report has reported that the country's tourism industry last year saw increased earning between US$3.7 -US$3.8 billion or some US$500 million more than in 2018. Read More

First Rock IPO almost fully subscribed after four days

BY DURRANT PATE Observer business writer | Friday, January, 17 2020    

First Rock Capital Holdings' Initial Public Offering (IPO) to raise approximately US$12.32 million is going so well that the 106-million shares on offer have almost been fully subscribed within four days of opening. Read More

TEF contributes $6 million to Jamaica Rum Festival

BY ABBION ROBINSON Business reporter robnsona@jamaicaobserver.com | Friday, January, 17 2020    

Minister of Tourism Edmund Bartlett says the Tourism Enhancement Fund (TEF) in partnership with his ministry has contributed some $6 million to the second staging of the Jamaica Rum Festival. He also pledged the ministry's yearly support to the festival. Read More

Critical infrastructure at risk as cyberattacks become a weapon of war

Marc Asturias | Friday, January, 17 2020    

The events that have transpired in recent weeks have raised a global alarm on new attack methods that could affect international political stability. The news has been plagued with stories about potential large-scale cyberterrorist attacks, hacktivism, cyber theftof funds aimed at terrorism acts... Read More

JMEA expresses concerns after release of import-export figures

BY OBSERVER BUSINESS WRITER | Wednesday, January, 15 2020    

Following the issuing of the Statistical Institute of Jamaica (STATIN) report on the state of the country's imports and exports situation for the period January to September 2019, the Jamaica Manufacturers and Exporters Association (JMEA) has expressed its concerns at the... Read More

AMG Packaging gets green light to construct expanded facility

BY DURRANT PATE Observer business writer | Wednesday, January, 15 2020    

The Kingston and St Andrew Municipal Corporation (KSAMC) has given the green light to AMG Packaging & Paper Company Ltd to build out its recently acquired property at 12 Retirement Crescent, Kingston 5. Read More

A timely reminder for creatives: Why registering your intellectual property is key!

Lisa Rhooms | Wednesday, January, 15 2020    

RECENTLY, in the local and international news, there were reports that pop star Miley Cyrus settled a US$300-M copyright infringement lawsuit filed by Jamaican songwriter, Flourgon. Read More

Six-month deferment of decision to drill for oil in Jamaica

BY DURRANT PATE Observer business writer | Wednesday, January, 15 2020    

The two companies, involved in prospecting for oil in Jamaica, along the Walton Morant Basin, have agreed to a six-month deferment of their decision about whether to drill for the precious commodity in Jamaica. Read More

Stock account opening now online via GoIPO for TransJam listing

Wednesday, January, 15 2020    

Nearly 500,000 customers of the National Commercial Bank Jamaica Limited (NCB) who already have a deposit account can now open an investment account with NCB Capital Markets Limited (NCBCM). Read More

JMMB's Learn & Vibe investment event targets

Wednesday, January, 15 2020    

Jamaica Money Market Brokers (JMMB) Learn & Vibe, a fireside chat session, will kick-start the two-day 'JMMB Elevate 2.0', financial empowerment event series, slated for January 17-18 in Kingston. Read More

JMMB to receive AFUWI Business Leadership Award

Wednesday, January, 15 2020    

Jamaica Money Market Brokers (JMMB) is to receive the Chancellor's Award for Excellence in Business Leadership at the American Foundation for the University of The West Indies (AFUWI) 23rd Annual Legacy Awards Gala at Pierre Hotel, New York, on February 19, 2020. Read More


Today's Cartoon

Click image to view full size editorial cartoon