Business

Nigerian economy glimpses dim light at end of tunnel

Wednesday, May, 17 2017    

LAGOS, Nigeria (AFP) — Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history.But for the first time in months, the West African economic giant is... Read More

Red tape and taxes put brakes on 'Make In India' push

Wednesday, May, 17 2017    

NEW DELHI, India (AFP) — When Saurabh Ahuja tried to import a US$600 3D printer for manufacturing drones in his Delhi workshop, he ended up spending another US$900 in taxes and bribes and waited three months for it to clear customs. Read More

Ethiopian honey farmers struggle with sticky traditions

Wednesday, May, 17 2017    

ZAENA, Ethiopia (AFP) — The beehives of Ethiopia, Africa's top honey producer, make about a quarter of the continent's honey, but travellers who come to sample the liquid gold often find there isn't enough to go around​.In a country... Read More

Iran's delayed gold rush disillusions voters

Wednesday, May, 17 2017    

TEHRAN, Iran (AFP) — The investment gold rush that was supposed to follow Iran's nuclear deal with world powers and revitalise the economy has not materialised, leaving many voters disillusioned ahead of Friday's election.The figures say... Read More

Newcomers hail carnival success

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, May, 14 2017    

Jamaica's two newest carnival bands have dubbed their first road show a profitable event despite going up against the decade-long carnival band Bacchanal Jamaica and the re-emerging Jamaica Carnival. In fact, newcomer Xaymaca... Read More

Small Business Expo thinks big, scales up for 10th year

Sunday, May, 14 2017    

The Jamaica Business Development Corporation has partnered with key private and public sector experts aimed at delivering an impactful learning experience for its 10th Annual Small Business Expo and Conference. The event, which... Read More

NCB reduces customer's credit card debt

Claudienne Edwards | Sunday, May, 14 2017    

Dear ClaudienneI had been a customer of the National Commercial Bank (NCB) for more than five years when my use of a US credit card was approved. I made consistent payments each month on the card, until 2012, when my life took a bitter turn for... Read More

Building your portfolio — the essentials

Yanique Leiba-Ebanks | Sunday, May, 14 2017    

One of the most important themes in investing is building a portfolio. According to Investopedia, an investment portfolio can be thought of as a pie that is divided into pieces of varying sizes, representing a variety... Read More

Chris Dehring getting READY to launch

By RachAEl Barrett Contributing Editor — Business | Sunday, May, 14 2017    

Since demitting office as Chairman of Cable & Wireless Jamaica Ltd (then known as Lime, now as FLOW) in 2015, Chris Dehring has gradually been preparing for a revolution in Caribbean media. Drawing on his extensive knowledge of system building, the... Read More

Huge Rio slave cemetery faces crisis after cuts

Sunday, May, 14 2017    

RIO DE JANEIRO, Brazil (AFP) — When Merced Guimaraes found piles of human bones under the floor of her Rio de Janeiro house during a refurbishment, she thought she'd stumbled upon evidence of a serial killer.Guimaraes even worried that... Read More

You want more money, but you don't believe you deserve it

Dennise Williams | Sunday, May, 14 2017    

So here is the awful truth. You want to acquire a certain lifestyle and you need money to do it. And therefore, you really want more money in your life. Yet nothing you do works out. It seems as if everywhere you turn “macca juk yu”. It doesn't seem... Read More

$20-billion decision

Saturday, May, 13 2017    

Faced with more than $20 billion in unpaid customers' balances, the National Water Commission (NWC) is now considering selling a portion of the debt to a third party in a bid to improve its cash flow.In a press release yesterday, NWC President Mark Barnett said... Read More

Appleton growth adds to Campari's bottom line

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Friday, May, 12 2017    

Appleton continues to do well for Campari, and was one of the Italian spirit company's top-selling global brands, according to the company's first-quarter results for 2017 released earlier this week.Campari's Jamaican rums — including Appleton and... Read More

Jamaica ranks as second riskiest country in the Caribbean to do business — study

By Karena bennett | Friday, May, 12 2017    

Jamaica has been ranked as one the riskiest countries in the world to do business with, according to a new study published by property insurance group FM Global.FM Global Resilience Index, which equally weighs composite measure of three core resilience factors:... Read More

Cannonball looking forward to Starbucks competition

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, May, 12 2017    

Less than a week after announcing its franchise operation in Jamaica, international coffee chain Starbucks is already seeking locations across the island to expand its footprint.Last Friday the coffee giant announced that it entered into an agreement with... Read More



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