Business

Jetcon looks to vehicle wholesaling

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, March, 8 2019    

Pre-owned car dealership Jetcon Corporation Ltd will begin its push in the wholesaling of vehicles to other dealers as it seeks to improve the flat sales recorded in 2018. Read More

Eastern Caribbean Central Bank to issue digital currency

Friday, March, 8 2019    

The Eastern Caribbean Central Bank (ECCB) and the Barbados-based fintech company Bitt Inc have signed a contract to conduct a blockchain-issued Central Bank digital currency pilot within the Eastern Caribbean Currency Union. Read More

Britain draws ire by delaying tax shelter crackdown

Friday, March, 8 2019    

LONDON, United Kingdom (AFP) — The UK Government drew the wrath of transparency groups on Monday by delaying proposed legislation aimed at ending secret company ownership in offshore territories such as Jersey. Read More

One million tourists come to Jamaica in first nine weeks of the year

BY AL EDWARDS | Friday, March, 8 2019    

The Ministry of Tourism is calculating that as of today one million tourists (cruise and stopover) have visited Jamaica in the first nine weeks of this year (January 1 to March 8), representing a 15 per cent increase on the prior year's figures. Read More

Clarke welcomes Chinese investment in Jamaica

BY HANNIFFA PATTERSON Observer writer | Friday, March, 8 2019    

AT the recent launch of the Association of Chinese Enterprises in Jamaica (ACEJ), Minister of Finance Nigel Clarke celebrated the long-standing relationship Jamaica has had with China. Read More

The case for a personal social media policy

Hanniffa Patterson | Friday, March, 8 2019    

AT the recent Emerge conference, during Naomi Garrick's presentation, a woman asked questions on balancing her personal and professional brand online. What should she post? What is too much? Read More

Marijuana farmers, company haggle over price

Friday, March, 8 2019    

KINGSTOWN, St Vincent (CMC) – The President of the Cannabis Revival Committee (CRC), Junior “Spirit” Cottle, is urging marijuana farmers not to accept anything less than EC$300 (One EC dollar=US$0.37 cents) for a pound of their product after a locally-based medicinal... Read More

Canadian company partners with Westmoreland farmers to grow ganja

BY JOSIMAR SCOTT Observer writer | Friday, March, 8 2019    

Wiisag Corporation, a Canadian indigenous integrated cannabis company, has signed an agreement to partner with the Westmoreland Hemp and Ganga Farmers Association (WHGFA) to grow two crops of medical marijuana on a 10-acre property in that parish. Read More

US to publish its own economic data on Puerto Rico

Friday, March, 8 2019    

SAN JUAN, Puerto Rico (AP) — The US government announced M onday that it will begin to publish economic data on Puerto Rico amid concerns that statistics released by the US territory itself are flawed. Read More

Finally…a bold and visionary budget

BY DENNIS CHUNG | Friday, March, 8 2019    

As I sat and listened to the budget presentation (Revenue Measures) by the Minister of Finance, I thought to myself that finally, after my many years of writing and commentary supporting the reduction of taxes and particularly the removal of the Minimum Business Tax... Read More

PICJ marks one year providing heart health care in Jamaica

Friday, March, 8 2019    

Cardiovascular health care in Jamaica has became more cutting edge, according to Dr Victor Elliott – cardiologist and managing director of Partners Interventional Centre of Jamaica (PICJ) – thanks to the opening of the cardiac care centre. And more... Read More

Playing in MakeUp gets serious

BY KEDIESHA PERRY Observer writer | Wednesday, March, 6 2019    

Jamaican-born New York-based entrepreneur Yolondo Salmon-Thomas has turned her hobby into a full-fledged business. Read More

Supreme Ventures pays 12% more in taxes and fees

Wednesday, March, 6 2019    

SUPREME Ventures Group generated a record $2.1 billion in revenues for the 2018 financial year. The performance enabled the Group to increase its taxes to the government by approximately $800 million, or over 12 per cent higher than 2017. Read More

GraceKennedy profits up 18% for 2018

Wednesday, March, 6 2019    

The GraceKennedy Group saw both its revenue and profit increase in 2018 — despite the strategic restructuring of its operations and the review of its organisational design, cost structure and business processes. Read More

SOS hits billion-dollar mark

Wednesday, March, 6 2019    

Stationery and Office Supplies Limited (SOS), hit the billion-dollar mark in annual revenues for the year ended 2018. Read More



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