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


BOJ says $190 billion in currency stock issued for December

Friday, January, 8 2021    

The Bank of Jamaica (BOJ) said that for the month of December approximately $190.5 billion in the stock of currency was issued to financial institutions. Read More

US trade deficit jumps to US$68.1 billion in November

Friday, January, 8 2021    

WASHINGTON (AP) — The US trade deficit jumped to US$68.1 billion in November, the highest monthly deficit in 14 years, as a surge in imports overwhelmed a smaller increase in exports. Read More

US services sector grows for seventh-consecutive month

Friday, January, 8 2021    

SILVER SPRING, Maryland (AP) — The US services sector, where most Americans work, grew for the seventh consecutive month in December even as novel coronavirus cases surged through the holidays. Read More

Negril chamber calls for more support amid COVID uncertainty

BY ROSALEE WOOD Observer West writer | Thursday, January, 7 2021    

NEGRIL, Westmoreland - Richard Wallace, president of the Negril Chamber of Commerce, is pleading with the financial institutions and utility companies to renew the support they offered to businesses during the early stage of the coronavirus... Read More

Stocks rally despite protests on hopes for Senate turnover

Thursday, January, 7 2021    

NEW YORK, United States (AP) —Wall Street rallied yesterday on expectations of more stimulus for the economy, although the enthusiasm was dampened by chaotic scenes in Washington as pro-Trump protestors stormed the US Capitol. Read More

Coffee producers to push local consumption

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, January, 6 2021    

Jamaica's coffee industry will be promoting increased consumption of local brew within the island, by both residents and visitors, this year. Read More

Amazon buys jets from airlines to bolster deliveries

Wednesday, January, 6 2021    

SAN FRANCISCO, United States (AFP) — Amazon yesterday announced it bought jets from a pair of airlines, bolstering its delivery network as online shopping booms and travel withers during the novel coronavirus pandemic. Read More

COVID delivers 67% loss to Cinema One

By David Rose Observer business writer | Wednesday, January, 6 2021    

LESS than two years after becoming the first company to list on the Small and Medium Enterprise Market of the Trinidad and Tobago Stock Exchange, Cinema One Limited is facing its toughest challenge since inception due to the novel coronavirus pandemic which led to the company being... Read More

US stocks gain on better economic data

Wednesday, January, 6 2021    

NEW YORK, United States (AFP) — Wall Street stocks advanced yesterday following better-than-expected US economic data as markets monitored Georgia elections that will determine control of the US Senate. Read More

Derrimon diversifies

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, January, 6 2021    

With big plans for the capital raise to come from its additional public offering (APO) which opens today, Derrimon Trading Limited (DTL) is also seeking to further diversify its base with the introduction of plant-based and eco-friendly products this year. Read More

Driving sustainable value

Wednesday, January, 6 2021    

Accountants are uniquely placed to make sustainability a reality, but are they doing enough, and after COVID-19 should they be doing even more? Read More

Calculating vacation leave in 2021

With Gavin Goffe | Wednesday, January, 6 2021    

LIKE so many other labour laws, our laws on vacation leave are out of step with the way we do business in the 21st century. This was made worse by the novel coronavirus pandemic which caused layoffs and salary cuts for many employees. In this article, we look at the effect the virus will... Read More

Stable financial year for First Citizens Bank

By David Rose Observer business writer | Wednesday, January, 6 2021    

Although COVID-19 has had a more deleterious impact on the top and bottom lines of regional banks, Trinidad-based First Citizens Bank Limited had a fairly stable financial year (FY) as the group recorded a two per cent decline in total net income to TT$2.23 billion ($47.1 billion) and 19... Read More

Massy Holdings resilient despite pandemic

BY DAVID ROSE Observer business writer | Wednesday, January, 6 2021    

DESPITE its core markets being under several constraints and operating less during the financial year (FY) ended September 30, 2020, revenues for regional conglomerate Massy Holdings declined by a mere two per cent to TT$11.2 billion ($233.2 billion) with profit from continuing... Read More


Wednesday, January, 6 2021    

AT a time of increased emphasis on finding technology solutions, it is heartening to learn of the work that many Caribbean experts such as Michele Marius lend to the effort. A Jamaican-born technology expert, her career path includes experience in the telecommunications and ICT fields,... Read More


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