Business

No need to be picking winners for growing the economy says IMF rep to Jamaica

BY DURRANT PATE Observer writer | Wednesday, August, 7 2019    

The Jamaican economy is becoming more sophiscated and no longer needs to be picking winning industries for stimulus packages to grow national production. Read More

Phase 3 Productions...going further, aiming higher

BY DURRANT PATE Observer writer | Wednesday, August, 7 2019    

Phase 3 Productions (P3), Jamaica's premier full-service television and multimedia production company, is taking the Caribbean by storm, laying the groundwork for an expansion in regional business. Read More

New activities coming for River Rapids

BY ALEXIS MONTEITH Observer writer | Wednesday, August, 7 2019    

Jamaican entrepreneur, Justin Perez founded his River Rapids Jamaica adventure tour company in 2011 and started doing business in June of that year on the Rio Bueno river in Trelawny. Read More

The LAB tips JSE market cap to over $2 trillion

Wednesday, August, 7 2019    

The Limners and Bards Limited (The LAB), an advertising agency and film production company, was recently listed on the Jamaica Stock Exchange (JSE). Read More

Plans underway for development of local version of international global trade association

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, August, 7 2019    

As a measure of best practice and keeping up with the trends in the international markets; Jamaica has moved to symbolically sign the Global FX code on Monday last. This marked a new beginning for the development and expansions of financial operations in the country, so much so that the... Read More

Concern over high amounts of US$ shipped monthly from Jamaica

BY DURRANT PATE Observer writer | Wednesday, August, 7 2019    

There is growing concerns within the financial sector over the large volumes of hard currency being shipped from Jamaica — upwards of $50 million monthly — which cannot adequately be justified. Read More

JIFS paving way for professional development of financial sector in Jamaica

Wednesday, August, 7 2019    

With its primary mandate being that of ensuring the professional development of the financial services sector and training for the business industry, the Jamaica Institute of Financial Services (JIFS), an entity which has been around for over 40 years, continues to make significant... Read More

Need a cambio licence? BOJ has strict guidelines

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, August, 7 2019    

Deputy Governor of the Bank of Jamaica Natalie Haynes has made it clear that not just anyone can open a cambio, especially now that a code designed to reform and modernise the local foreign exchange market is in place. Read More

Airbnbs vs strata by-laws

WITH AMANDA MONTAGUE | Wednesday, August, 7 2019    

Earlier this year the Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw called for increased integration of Airbnb operations into community tourism offerings. Prime Minister Andrew Holness stated that there is scope for greater expansion of Airbnb services in Jamaica, from... Read More

Social mobility — a path to empowerment and inclusion

BY Hugh Reid | Wednesday, August, 7 2019    

Some will argue that this issue of social mobility is a red herring and we would be better served by a focus on economic growth and increasing the absolute size of the economy rather than how the growth is shared! I disagree, as inequalities of wealth, income, and consumption impair... Read More

Walmart to keep selling guns despite recent shootings at its stores

Wednesday, August, 7 2019    

NEW YORK, United States (AFP) — Despite two deadly shootings at its stores in less than a week, American retail giant Walmart has no plans to stop selling guns and ammunition, a spokesman said Sunday. Read More

Diageo pledges US$219m for green projects at African breweries

Wednesday, August, 7 2019    

NAIROBI, Kenya (AFP) — British drinks giant Diageo announced Monday it would inject nearly a quarter of a billion US dollars into sustainability projects at 11 of its African breweries, its largest green investment in a decade. Read More

As iPhone sales sputter, Apple moves toward reinvention again

Wednesday, August, 7 2019    

WASHINGTON, United States (AFP) — With its latest financial results, Apple is showing it can move beyond the iPhone with gadgets and services that can help the California tech giant weather the slumping smartphone market. Read More

Bad feelings in Rio Bueno

Sunday, August, 4 2019    

Residents in and around Bengal, St Ann, near Rio Bueno have mobilised themselves to oppose a planned limestone-processing operation in the area. The project, a collaboration between a new company, Jamaica World, and a Spanish mining outfit known as EPSA aims to process approximately four... Read More

Mayberry reports higher profits for Q2

BY DURRANT PATE Observer write | Sunday, August, 4 2019    

Mayberry Investments (MIL) is reporting higher profits of $293.9 million for its second quarter ended June 30, 2019, while comprehensive income more than doubled to over six billion. Read More



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