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


Digicel to cease all paid advertising on Facebook platforms

Wednesday, July, 1 2020    

Digicel is set to cease all paid advertising activities on Facebook platforms globally for the month of July, it was announced by the company in a release issued yesterday informing of its stand against hate speech... Read More

The secret to building good habits

BY DEV RAMNARINE | Wednesday, July, 1 2020    

W hat is a habit? Is it something bad or something good? The dictionary defines a habit as “a settled tendency or usual manner of behaviour”. This is usually achieved through actions repeated over a period of time until it becomes second... Read More

Barita aims to issue up to 200-million units in upcoming APO

BY DAVID ROSE Observer business writer | Wednesday, July, 1 2020    

Local investment firm Barita Investments Limited (Barita) will seek approval from shareholders at the company's annual general meeting (AGM) at the AC Hotel by Marriott next Monday to consider the resolution surrounding its highly touted additional public offering... Read More

Economy declined by 2.3 % in first quarter

Wednesday, July, 1 2020    

THE Jamaican economy declined by 2.3 per cent in the first quarter of 2020 when compared to the similar quarter of 2019.That was the announcement made yesterday by the Statistical Institute of Jamaica (STATIN) in a release. Read More

Mining and quarrying, manufacturing industries make modest monthly gain, but down point to point

Wednesday, July, 1 2020    

THE Statistical Institute of Jamaica (STATIN) is reporting that the Producer Price Index (PPI) for the mining and quarrying industry increased by 2.3 per cent for May 2020. Read More

Kremi reports after-tax profit of $54.6 million

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, July, 1 2020    

CARIBBEAN Cream Limited (CCL), which trades as Kremi, posted on Friday last (June 26) after-tax profit of $54.6 million for the financial year which ended February 29, 2020, despite a 38.4 per cent decrease compared to the previous corresponding period. Read More

Business operators in St James employing new strategies to survive COVID-19

BY HORACE HINES Staff reporter | Wednesday, July, 1 2020    

MONTEGO BAY, St James — Some small business operators in St James, reeling from the loss of business in the wake of the COVID-19 are now substituting conventional methods they have been employing over the years with more innovative strategies to keep their businesses alive. Read More

Westmoreland businesses hit by COVID-19 trying hard to recoup

Wednesday, July, 1 2020    

WESTMORELAND, Jamaica — Business owners in Westmoreland are reeling from the effects of COVID-19 on their businesses. Read More

Learning from COVID-19: Trelawny business owners try to pick up the pieces

BY ONOME SIDO Observer West writer editorial@jamaicaobserver.com | Wednesday, July, 1 2020    

The novel coronavirus pandemic has caused many Jamaicans to 'tun dem han and mek fashin' ̶ from registered taxi operators becoming farmers and fruit sellers to an increase in courier services aiming to satisfy a new demand. Read More

Learning from COVID-19: Hanover businessman struggles with corona, huge light and water bills

BY ANTHONY LEWIS Observer writer | Wednesday, July, 1 2020    

MOSQUITO COVE, Jamaica — The novel coronavirus pandemic and mounting utility bills have resulted in a significant blow for Byrous Brown and his Waterfront Restaurant and Bar business in Hanover. Read More

More customers shopping online – Mastercard research

Wednesday, July, 1 2020    

INTERNATIONAL payment company Mastercard in its latest study has found that more customers worldwide are utilising e-commerce platforms and digital payment services. This they said stems from the constraints imposed on the daily lives of consumers as a result of COVID-19, which has been... Read More

Stimulus package for microfinance entities and SMEs — a possible solution

Wednesday, July, 1 2020    

Businesses should not be expecting free cash, but with this crisis it is the small businesses that, to a great extent, will contribute to jump-starting the economy when we are over this pandemic. Read More

US consumer confidence rises to 98.1 in June

Wednesday, July, 1 2020    

WASHINGTON (AP) — US consumer confidence rose in June, reflecting the partial reopening of the country, but the concern is that rising coronavirus cases in many states could jeopardise future gains. Read More

Let data, not passion, guide decision to reopen borders — PAHO

BY ALICIA DUNKLEY-WILLIS Senior staff reporter dunkleywillisa@jamaicaobserver.com | Wednesday, July, 1 2020    

DIR ECTOR of the Pan American Health Organization (PAHO), Dr Carissa Etienne says while the economic crunch brought on by restrictions aimed at containing the spread of the novel coronavirus (COVID-19) is formidable, countries that are reopening must be prepared to pull... Read More

Airbus cuts 15,000 jobs to face aviation's 'gravest crisis'

Wednesday, July, 1 2020    

PARIS, France (AFP) — European aircraft maker Airbus said yesterday it is planning to cut around 15,000 jobs worldwide, 11 per cent of its total workforce, in response to the “gravest crisis” the industry has ever seen caused by the coronavirus. Read More


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