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Business

PROVEN suspends share offer

Sunday, March, 15 2020    

As a result of the heightened disruption triggered by the intensification of the coronavirus (COVID-19) pandemic, PROVEN Investments Limited has suspended its additional public offering of shares, with effect from Friday, March 13. Read More

Combatting market volatility: Dollar-cost averaging

THE STERLING REPORT Dwayne Neil | Sunday, March, 15 2020    

Buy low, sell high. This is the fundamental principle one wants to employ in order to maximise capital gains on their investment. Many apply this principle only to stocks, but it is just as applicable to bonds and mutual funds. In each asset class (stocks, bonds & mutual funds), one... Read More

Government pension delayed

with Claudienne Edwards | Sunday, March, 15 2020    

Dear ClaudienneI need your assistance. I applied for my government pension May 15, 2012, but to date I have not received it as my file cannot be found. Read More

Unravelling the Flow tangle of wires

Sunday, March, 15 2020    

Dear Claudienne,I live in St Ann and I am writing to you in the hope that you can help me to sort out my peculiar problem. Read More

Bolt Mobility to expand with US$30-million funding

BY DURRANT PATE Observer business writer | Sunday, March, 15 2020    

The Usain Bolt-associated Bolt Mobility electric scooter rental start-up has secured $30 million in Series A funding. Read More

JSE's COVID-19 response plan

Sunday, March, 15 2020    

The Jamaica Stock Exchange (JSE) Managing Director Marlene Street Forrest is advising that amidst the outbreak of the novel coronavirus (COVID-19) — which has been declared a pandemic by the World Health Organization (WHO) — the JSE has implemented several... Read More

Adequate cash will be available in the system to meet public demands — BOJ Governor

Sunday, March, 15 2020    

In light of the confirmed cases of the novel coronavirus (COVID-19) in the country, governor of the Bank of Jamaica (BOJ) Richard Byles is assuring the public that the country has adequate foreign exchange reserves, in excess of US $3.5 billion, to meet... Read More

Business as usual for Kingston Wharves

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Sunday, March, 15 2020    

Despite the global outbreak of the novel coronavirus (COVID-19), and eight confirmed cases in the country (up to Friday morning), Kingston Wharves Limited (KWL) CEO Mark Williams says the company will not break stride in its planned stages of development. Read More

Bartlett calls for global tourism players to unite in tackling COVID-19

Sunday, March, 15 2020    

Amidst the global outbreak of the coronavirus disease 2019 (COVID-19), Minister of Tourism Edmund Bartlett has called for players in the global tourism industry to unite in order to protect the multibillion-dollar sector against the deadly virus. Read More

COVID-19 pounds aviation industry

Sunday, March, 15 2020    

The International Air Transport Association (IATA), in its updated assessment on the financial impact of the COVID-19 crisis, has painted a bleak picture of the outbreak's impact on the global air transport industry, noting that already airline share prices have fallen... Read More

Jamaica's appetite for import items ridiculous — JMEA's Pandohie

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Sunday, March, 15 2020    

The Jamaica Manufacturers and Exporters Association (JMEA) has said that with the high volume of imported goods coming into the island, consumers are being urged to take advantage of the recent reduction in the General Consumption Tax (GCT) to purchase more local products and to build the... Read More

US stocks rally as Trump declares virus national emergency

Sunday, March, 15 2020    

NEW YORK, United States (AFP) — Wall Street roared back Friday to conclude a bruising week on a more upbeat note as US President Donald Trump declared a national emergency due to the coronavirus pandemic. Read More

UNRAVELLING THE FLOW TANGLE OF WIRES

Saturday, March, 14 2020    

Dear Claudienne, I live in St Ann and I am writing to you in the hope that you can help me to sort out my peculiar problem.Recently I have been experiencing telecommunications problems which started with the theft of a portion of the line on my road. This... Read More

Scotiabank targets private sector loans as government borrowing dries up

BY DURRANT PATE Observer business writer | Friday, March, 13 2020    

Scotiabank Jamaica Group will be aggressively going after the private sector loan market this year, as it realigns its loan portfolio away from government borrowing, which is drying up. Read More

Economic instability impacted Jamaica's crime stats — PSOJ

BY HORACE HINES Observer staff reporter | Friday, March, 13 2020    

President of the Private Sector Organisation of Jamaica (PSOJ), Keith Duncan has blameed Jamaica's past macroeconomic instability for the escalating crime in the country. Read More



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