Business

Fontana share price increases 400% in less than a year

BY DURRANT PATE Observer business writer | Wednesday, October, 30 2019    

Pharmacy chain, Fontana Limited is reporting a 400 per cent increase in share price since its initial public offer (IPO) less than a year ago. Read More

JPS /Marubeni's I-Lab now open and full of energy

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, October, 30 2019    

The Jamaica Public Service (JPS) in collaboration with Marubeni Power International on Tuesday, commissioned its Innovation lab (I-Lab) into use. This Lab is expected to be the transformative solution to providing university students/ interns and graduates with the... Read More

Mailpac heads towards IPO

Wednesday, October, 30 2019    

Mailpac Group Limited, a company recently established to consolidate the operations of Mailpac Services and Mailpac Local, which are two e-commerce businesses owned by Norbrook Equity Partners (NEP), announced that it will be targeting an initial public offering (IPO) in the next few... Read More

Lakes Pen venture could be a game changer for agribusiness

Wednesday, October, 30 2019    

Businessman Gassan Azan has described his Lakes Pen high-tech agricultural venture as a potential game changer for both the individual household consumer as well as for the agro-processing industry. Read More

Jamaica in an unprecendented paradigm of opportunity — Distant

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, October, 30 2019    

Jamaica has launched into an unprecendented paradigm of opportunity, according to president of the Jamaica Chamber of Commerce (JCC) Lloyd Distant Jr . Read More

Gara Restaurants takes over Wendy's franchise

BY KEVIN JACKSON Observer writer | Wednesday, October, 30 2019    

The directors of Gara Restaurants, the new franchisee for the Wendy's sandwich chain do not foresee any major changes to the Wendy's brand when it's acquisition takes place effective Friday. Read More

Customs will continue to transform through automation

Wednesday, October, 30 2019    

A key agency in border protection and an important player in the global supply chain and logistics process, the Jamaica Customs Agency (JCA) will continue to seek ways to expand its capabilities and improve its efficiencies. Read More

ISP Finance Services chided for lack of risk- taking

Wednesday, October, 30 2019    

ISP Finance Services on Friday announced that its company has finished its last financial year with net profits amassing $43.6 million and total assets of $612.5 million. However, as the company seeks to maintain a healthy balance sheet and keep its finances in check, some shareholders... Read More

Coca-Cola launches World Without Waste Initiative

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, October, 30 2019    

Coca-Cola Jamaica officially launched its World Without Waste global campaign in Jamaica at The University of the West Indies' (UWI) Mona Campus in Kingston recently, with the aim to collect and recycle the equivalent of every bottle or can the company sells by 2030. The campaign... Read More

PM wants improved trading between Jamaica & China

BY HORACE HINES Staff reporter hinesh@jamaicaobserver.com | Wednesday, October, 30 2019    

Prime Minister Andrew Holness has announced that he will be leaving on a visit to China early next month, to among other things, probe the possibilities of trade expansion with that Asian country. Read More

Andrea Coy appointed managing director of Grace Foods UK

Wednesday, October, 30 2019    

In a senior management shift at Grace Kennedy United Kingdom (GKUK), Andrea Coy has been appointed Managing Director. Read More

The opening up of outer space needs help

BY ANNA COAST AND BOB FRANKLIN | Wednesday, October, 30 2019    

On 20 July 1969, 500 million people around the world sat up and watched a shadowy black and white TV picture in awe as Neil Armstrong became the first person to walk on the moon. The excitement that gripped the world was as enormous as the cost of getting him... Read More

PSOJ readies second Access to Finance panel workshop

Wednesday, October, 30 2019    

With its first Access to Finance Facilitation Panel for SME's workshop gaining traction within the business sector, the Private Sector Organisation of Jamaica's (PSOJ) is indicating that its second workshop, to be held on November 22, will focus on the practical efforts needed to create... Read More

Netflix rates Digicel for best streaming experience in Jamaica

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, October, 30 2019    

US-based media streaming provider, Netflix has given the Digicel Home and Entertainment service top ranking for having the fastest Internet speeds while streaming. Read More

India's under-pressure telecom firms hit with US $13-billion bill

Wednesday, October, 30 2019    

MUMBAI, India (AFP) — India's beleaguered telecom companies were dealt a blow on Friday after being told to pay a whopping US$13-billion bill, though boosting Asia's richest tycoon Mukesh Ambani, who has shaken up the sector with his low-cost deals. Read More



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