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Business

International Labour Organization warns of uncertain and incomplete labour market recovery

Wednesday, July, 1 2020    

GENEVA, Switzerland – The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated. The highly uncertain recovery in the second half of the year will not be enough to go back to pre-pandemic levels, even in the best... Read More

IMF projects weakened economic outlook

Wednesday, July, 1 2020    

THE International Monetary Fund (IMF), in its latest World Economic Outlook (WEO), is suggesting that as the global economic outlook declines, the COVID-19 crisis will result in a more severe economic fallout than anticipated. Read More

Race, identity remain hot topics in UK post-Windrush scandal

Wednesday, July, 1 2020    

LONDON, United Kingdom (AFP) — Ijeoma Moore came to Britain from Nigeria as a toddler and is now 25.“I have lived here since I was two. I feel very much British,” she said. Read More

St Vincent PM to take over chairmanship of Caricom Friday

Wednesday, July, 1 2020    

BRIDGETOWN, Barbados (CMC) — Barbados Prime Minister Mia Mottley will hand over chairmanship of the 15-member regional integration movement, Caricom, on Friday during a special conference of regional leaders. Read More

Moody's downgrades The Bahamas

Monday, June, 29 2020    

NEW YORK (CMC)— The US-based rating agency Moody's Investors Service, (Moody's) has downgraded The Bahamas Government long-term issuer and senior unsecured ratings by two notches to Ba2 from Baa3. Read More

LIAT to be liquidated, says Antigua prime minister

Monday, June, 29 2020    

ST JOHN'S, Antigua (CMC) — Prime Minister of Antigua and Barbuda Gaston Brown has announced plans to liquidate the regional carrier, LIAT. Read More

Brace for increase in insurance premiums says IAJ

BY DURRANT PATE Observer Business Writer | Sunday, June, 28 2020    

The Insurance Association of Jamaica (IAJ) is advising Jamaicans to brace for an increase in premium come January next based on COVID-19 and other market conditions. Read More

Enough reserves to manage debt post-COVID-19— BOJ governor

BY KELLARAY MILES Observer business reporter | Sunday, June, 28 2020    

Governor of the Bank of Jamaica Richard Byles has indicated that amidst the massive fallout occasioned by the COVID-19 pandemic, there is enough foreign reserves to fulfill Jamaica's debt obligations. Read More

Digicel invites rival company, Orange to turn the page on their litigation

BY DURRANT PATE Observer Business Writer | Sunday, June, 28 2020    

HAVING been awarded a multimillion court judgment, Jamaica-based telecommunications giant Digicel has requested that its rival company, Orange, based in France, not take their litigation any further. Read More

Companies Act to be amended to allow for electronic AGMs

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Sunday, June, 28 2020    

THE Companies Office of Jamaica (COJ), in conjunction with the Ministry of Industry, Commerce, Agriculture and Fisheries, is presently working on amendments to the Companies Act which will permit listed companies to hold virtual and hybrid annual general meetings (AGM), says Judith... Read More

Fitch revises Digicel's credit rating

Sunday, June, 28 2020    

INTERNATIONAL ratings agency, Fitch has revised and assigned new ratings to Digicel's corporate family following the conclusion of its distressed debt exchange. Read More

Digital transformation is a must —IDB's Therese Turner-Jones

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Sunday, June, 28 2020    

While the COVID-19 pandemic has sprouted innovations and opportunities to combat its impact, digital transformation is necessary to aid countries' sustainability, according to Therese Turner-Jones, the Inter-American Development Bank (IDB) general manager and country... Read More

Pier 1 record losses but are poised to recover

BY ONOME SIDO Observer writer | Sunday, June, 28 2020    

With over 5,000 square feet to host guests, Pier 1 in Montego Bay has made staff and guest safety their number one priority. Read More

The world of buy backs

BY YANIQUE LEIBA-EBANKS | Sunday, June, 28 2020    

Companies around the world make important decisions every day. Some companies have cash flow issues, but some lucky companies have the opposite problem — they have extra cash on their hands. Read More

Survive or thrive — the CEO's sales infrastructure check!

BY DUANE LUE-FUNG | Sunday, June, 28 2020    

In what shape will your business be when this pandemic disruption is over? Read More



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