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Business

PM urges agency heads to pursue growth-inducing projects

Wednesday, January, 15 2020    

Prime Minister Andrew Holness is urging the heads of agencies under the Ministry of Economic Growth and Job Creation to focus on developing fresh, innovative projects guaranteed to generate higher levels of sustainable, inclusive economic growth for Jamaica. Read More

Montego Bay named as one of the best spots to fish in the Caribbean

Wednesday, January, 15 2020    

Jamaica, in particular Montego Bay, has been named one of Fishing- Booker's 12 best fishing spots in the Caribbean for 2020. Read More

PROVEN targets $4 billion in upcoming APO

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Wednesday, January, 15 2020    

PROVEN Investments Limited is seeking to raise $4 billion or the equivalent of about US$30 million in its upcoming additional public offering (APO), President and Chief Executive Officer (CEO) Chris Williams has revealed. Read More

Agricultural land transformation coming

Wednesday, January, 15 2020    

Agricultural land transformation in sections of St Catherine, that is expected to bring increased productivity and eventually more commercial success to several farmers in the area, is scheduled to get under way over the next six to 12 months. Read More

VM Wealth Management helps KPREIT to raise $2 billion in rights issue

Wednesday, January, 15 2020    

With Victoria Mutual Wealth Management's (VMWM) assistance with corporate financing through a renounceable rights issue of its ordinary shares, Kingston Properties Limited (KPREIT) was able to raise over $2 billion to improve its ability to finance further acquisitions in Jamaica, and... Read More

First Rock IPO indicative of confidence in the economy — Shaw

Wednesday, January, 15 2020    

Audley Shaw, minister of Industry, Commerce, Agriculture and Fisheries, says the decision by the principals of First Rock Capital Holdings Limited to offer shares in the firm's operations to the public is indicative of their confidence in Jamaica's economy. Read More

Jamaica import bill rises by 6.5% in the first nine months of 2019

Wednesday, January, 15 2020    

Jamaica's imports for January to September 2019 were valued at US$4,816.5 million, an increase of 6.5 per cent when compared to US$4,520.4 million which was spent for the similar period in 2018 according to the International Merchandise Trade (IMT) Bulletin released recently by the... Read More

Sagicor's Zacca says many millions spent on Sigma run yearly

BY KELLARAY MILES Observer business reporter | Wednesday, January, 15 2020    

With its much-anticipated annual Sigma Corporate Run now starting to take shape for the 2020 edition, the Sagicor Group revealed that it costs the company millions of dollars to catapult this flagship event into life. Read More

The Japan Times rates Jamaica as best place to do business in the Caribbean

Wednesday, January, 15 2020    

The Japan Times in one of its recent publications listed Jamaica as “The best place to do business in the Caribbean”. Read More

Digicel millionaire gets investment advice

BY BALFORD HENRY Senior staff reporter | Wednesday, January, 15 2020    

Anthony White winner of Digicel's $10-million 'Shake to Win' Christmas promotion has been reviewing the best options for spending his holiday windfall. Read More

No global recession in 2020, but growth still stuck at sluggish

Wednesday, January, 15 2020    

LAST year the global economy expanded at close to three per cent, the slowest rate since the financial crisis 10 years ago. The slowdown progressed steadily throughout last year and was foreshadowed by our Global Economic Conditions Survey, which showed global confidence faltering with... Read More

PM visits, lauds Appleton's master blender

Wednesday, January, 15 2020    

PRIME Minister Andrew Holness recently toured the world-renowned Joy Spence Appleton Estate Rum Experience, located in Nassau Valley, St Elizabeth. Read More

High anxiety: Proposed US hemp rules worry industry

Wednesday, January, 15 2020    

PORTLAND, Ore. (AP) — Hemp growers and entrepreneurs who were joyous a year ago after US lawmakers reclassified the plant as a legal agricultural crop now are worried their businesses could be crippled if federal policymakers move ahead with draft... Read More

US budget deficit running 11.8% higher this year

Wednesday, January, 15 2020    

THE US budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first US$1 trillion deficit in eight years. Read More

US unveils tighter foreign investment rules for national security

Wednesday, January, 15 2020    

WASHINGTON, United States (AFP) — Tighter new rules governing sensitive foreign investments will take effect in a month, US officials said yesterday, broadening the president's ability to review and block transactions that could threaten national security. Read More



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