Business

LASCO Distributors reports $1 billion profit record

Friday, June, 1 2018    

LASCO Distributors Limited (LASD) says it has achieved profit of $1.004 billion for the financial year ended March 31, 2018, the highest-performing net profit for the company to date and in the history of the Jamaica Stock Exchange Junior Market. Read More

Sygnus Credit Investments' IPO triples subscription target

Friday, June, 1 2018    

Sagicor Group is reporting that Sygnus Credit Investments' initial public offering (IPO), which closed on Wednesday, May 16, has been heavily oversubscribed. Read More

Bahamas increasing VAT to 12% by July 1

Friday, June, 1 2018    

NASSAU, Bahamas (CMC) — The Government of The Bahamas will be increasing Value Added Tax (VAT) by 12 per cent as of July 1. Read More

Corned beef breakthrough

BY KARENA BENNETT Observer staff reporter bennettk@jamaicaobserver.com | Friday, June, 1 2018    

A commitment made by conglomerate GraceKennedy Group to locally produce corned beef at its meat factory in Westmoreland has now been fulfilled. Group Chief Executive Officer Don Wehby, on Wednesday announced that the company has been sampling the popular protein product... Read More

Gov't poised for significant savings under US$40-m energy programme

Friday, June, 1 2018    

THE Government is poised to generate significant savings from the Petroleum Corporation of Jamaica (PCJ) implementation of the US$40-million Energy Management and Efficiency Programme (EMEP). Read More

Anguilla to receive US$5.6-m loan from CDB

Friday, June, 1 2018    

ST GEORGE'S, Grenada — The Caribbean Development Bank (CDB) says its board has approved a loan of US$5.6 million to assist the Government of Anguilla in meeting its fiscal obligations after the destruction caused by Hurricane Irma in 2017. Read More

Scott Van Bonnet in expansion mode

Wednesday, May, 30 2018    

Two months after opening a Mediterranean-style restaurant in Blue Diamond Shopping Centre in Ironshore, Montego Bay, Scott Van Bonnet is looking to expand its footprint in the western parish capital. Read More

Breathless Montego Bay wins Caribbean Hotel Development of the Year

Wednesday, May, 30 2018    

Breathless Resorts & Spa Montego Bay was named the Best New Caribbean Development for 2017 at the recently concluded Caribbean Hotel Investment & Resorts Summit. Read More

Caribbean lags in sports spending, says IDB report

Wednesday, May, 30 2018    

WASHINGTON, DC, United States (CMC) — A new report by the Inter-American Development Bank (IDB) says Latin America and the Caribbean lag in sports spending, stating that the region could get a development boost from sports activities that improve the region's social and health... Read More

Cugliari joins private wealth team at CIBC FirstCaribbean

Wednesday, May, 30 2018    

CIBC FirstCaribbean recently announced the appointment of Fernando Cugliari to the post of private wealth investment advisor. Read More

Supreme performance

BY BALFORD HENRY Senior Staff Reporter balfordh@jamaicaobserver.com | Wednesday, May, 30 2018    

While most Jamaicans are of the view that Supreme Ventures Limited (SVL) has been making huge profits from its gaming engagements, information provided by President and CEO Ann-Dawn Young Sang shows that 98 per cent of its earnings go right back into the... Read More

Protecting your new designs

HELEN LIU | Wednesday, May, 30 2018    

There are many industries that are driven by creativity and with this, new designs being developed. There are numerous individuals who are creative and can dream up new and innovative designs. Designs — in addition to other forms of intellectual property such as... Read More

KPREIT secures US$800,000 for another acquisition

BY KARENA BENNETT Observer staff reporter bennettk@jamaicaobserver.com | Wednesday, May, 30 2018    

Real estate investment company, Kingston Properties Limited (KPREIT) plans to invest north of US$800,000 in another Cayman Island or Jamaican property. Read More

EU proposes to ban plastic straws, stirs, and cotton buds

Wednesday, May, 30 2018    

BRUSSELS, Belgium (AP) — The European Union (EU) has proposed banning plastic products like cotton buds, straws, stirs and balloon sticks when alternatives are easily available in an attempt to reduce litter spoiling beaches and ocean beds. Read More

Trump renews China tariff threat, complicating talks

Wednesday, May, 30 2018    

WASHINGTON, DC, United States (AP) — The Trump Administration has renewed its threat to place 25 per cent tariffs on US$50 billion of Chinese goods in retaliation for what it says are China's unfair trade practices. Read More



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