Business

GK earns $1.1 billion in Q1 2017

Wednesday, May, 17 2017    

The GraceKennedy Group is reporting an increase in revenue of $1.6 billion to $23.7 billion in first quarter results with growth in both the food trading and financial segments.The company indicates that Grace... Read More

Caribbean Cement profit dips 45 per cent

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, May, 17 2017    

Claiming damage at one of its packaging plants in Jamaica earlier in the year, Caribbean Cement Ltd (CCL) has been shifting inventory from one island to another in a bid to meet demand.But even before the operation started,... Read More

Lannaman and Morris Shipping to celebrate 45th anniversary

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, May, 17 2017    

Jamaica's leading logistics, cargo and cruise agent, Lannaman and Morris Shipping Ltd, will be celebrating its 45th anniversary this year, with a range of activities to commemorate its contributions to the development of shipping in Jamaica.The... Read More

Kingston Wharves to add domestic automotive centre

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, May, 17 2017    

Kingston Wharves Ltd (KWL) indicates that it plans to open its new logistics complex later this year and is also planning the construction of a near-port domestic automotive centre for the benefit of both terminal operations and integrated logistics... Read More

Jain predicts year-end value of $136 to US$1

Wednesday, May, 17 2017    

According to financial analyst Sushil Jain, based on conditions in the economy, the Jamaican dollar (JMD) - which last week reached the $130 to US$1 level, is likely to end the year at $136 to US$1.The following is his... Read More

Five reasons to start investing at an early age

with ViERNESS KASSIE | Wednesday, May, 17 2017    

There are several reasons why most young people are reluctant to invest. Some hesitate because they think they are too young, while others might not understand the benefits of investing. But any individual can invest, and the earlier the better. Read More

Rental income climbs for KP Reit

Wednesday, May, 17 2017    

Properties Ltd (KP Reit) indicates from financials submitted this week that the group benefited from the addition to its portfolio of new properties in Jamaica and the Cayman Islands, with rentals climbing 63 per cent during the quarter ending... Read More

High crime rate a shadow over Caribbean tourism — study

Wednesday, May, 17 2017    

MIAMI, United States (AFP) — The Caribbean and its pristine beaches may be a tourist magnet, but life in paradise comes at a price: the soaring violent crime rate is higher than in Latin America or Africa.The study out yesterday by the... Read More

Business social: Mutually Exclusive

Wednesday, May, 17 2017    

A commitment to 'building on their history and transforming for the future' was the collective credo of the Victoria Mutual Group family who gathered inside the Grand Jamaican Suite at the Jamaica Pegasus hotel, last Saturday evening. It was the occasion of the financial firm's I Am VM... Read More

How to sharpen your corporate image

with Herman Alvaranga | Wednesday, May, 17 2017    

Have you ever been really, really hungry, in a strange country, and none of the restaurants you see has a familiar name? Don't trust them? No way! You keep on moving. And then you spot a KFC store in the distance! Okay, you don't normally have KFC back home in city Kingston, but... Read More

China's fondness for pirated software raises risks in attack

Wednesday, May, 17 2017    

BEIJING, China (AP) — China's fondness for pirated software left it especially vulnerable to the latest global cyberattack.Beijing has tolerated rampant use of unlicensed software copies despite repeated promises to crack down and warnings... Read More

Sorry, paparazzi, celebs now get private treatment at LAX

Wednesday, May, 17 2017    

LOS ANGELES, United States (AP) — Sorry, paparazzi. Celebrities who are sick of being stalked by photographers at Los Angeles International Airport can now find some privacy — not to mention luxury — at a new terminal.The... Read More

Brazil economy expected to show exit from recession

Wednesday, May, 17 2017    

BRASILIA, Brazil (AFP) — Brazil is primed to show a return to growth, the Central Bank indicated Monday, raising hopes that Latin America's biggest economy could be inching out of a two-year recession.The official gross domestic product... Read More

Haiti announces fuel price increases to help public finances

Wednesday, May, 17 2017    

PORT-AU-PRINCE, Haiti (AFP) — Haiti's Government announced on Sunday fuel price increases of up to 20 per cent in an effort to shore up the country's disastrous public finances.People in this destitute Caribbean nation rushed to gas... Read More

Walmart pushing hard to catch Amazon in e-commerce

Wednesday, May, 17 2017    

NEW YORK, United States (AFP) — Walmart Stores, the 800-pound gorilla of retail, is running hard to catch up in an increasingly crucial segment where it is neither the biggest nor the best: e-commerce.The company, founded in 1962 by Sam... Read More



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