Business

Singapore may use drones to deliver medicine, for security

Sunday, July, 29 2018    

SINGAPORE (AFP) — Drones could be used across high-tech Singapore to deliver life-saving medical supplies to a patient during an emergency or to respond to a security breach under a new system in development, a private consortium said yesterday. Read More

Zimbabwe economy desperate for election turnaround

Sunday, July, 29 2018    

HARARE, Zimbabwe (AFP) — Zimbabwean factory manager Sifelani Jabangwe is a survivor of the Mugabe years, overseeing a company that stayed in business despite hyperinflation, abandonment of the national currency and an exodus of investors. Read More

Digicel embarks on 100% Internet penetration mission next week

Friday, July, 27 2018    

Telecoms company Digicel yesterday announced that it will be introducing LTE (Long Term Evolution) mobile Internet service to more areas in rural Jamaica next week. Read More

NCB makes record profit Highest quarterly results in group's history

Highest quarterly results in group's history | Friday, July, 27 2018    

NCB Financial Group, parent company for the National Commercial Bank (NCB), recorded net profit of $20.9 billion for the nine months ended June 30, 2018. Read More

Cuba's Castro hits out at US sanctions on left-wing LatAm gov'ts

Friday, July, 27 2018    

SANTIAGO DE CUBA, Cuba (AFP) — Former Cuban President Raul Castro yesterday accused the United States of tightening “the noose” around his country, Venezuela and Nicaragua, but vowed to “respond to every challenge”. Read More

Costa Rica reaches out to increase trade Offers incentives to attend trade fair

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, July, 27 2018    

More than 15 local companies yesterday gathered at the Jamaica Chamber of Commerce to discuss import and export opportunities with trading partner Costa Rica, which signed a memorandum of understanding (MOU) with the Government of Jamaica three years ago to improve trade relations between the... Read More

US, EU to 'immediately resolve' steel, aluminium tariffs — Mnuchin

Friday, July, 27 2018    

WASHINGTON, DC, United States (AFP) — The United States and the European Union (EU) will “immediately resolve” their dispute over US steel and aluminium tariffs and subsequent EU countermeasures, US Treasury Secretary Steven Mnuchin said yesterday, as the two sides work... Read More

Where now for Venezuela with 1,000,000% inflation?

Friday, July, 27 2018    

CARACAS, Venezuela (AFP) — Whether it sparks a social revolution or forces the g overnment to open up the economy, one thing for sure is that Venezuela's projected one million per cent inflation will heap more misery on an already suffering... Read More

Venezuela to remove five zeros from currency

Friday, July, 27 2018    

CARACAS, Venezuela (AFP) — Venezuelan President Nicolas Maduro on Wednesday announced the removal of five zeros from the country's currency — two more than originally planned — amid hyperinflation the Iternational Monetary Fund (IMF) said could reach one million per... Read More

Venezuelan professor's worn out shoes bring wave of solidarity

Friday, July, 27 2018    

CARACAS, Venezuela (AFP) — Josť Ibarra is 41, has a master's degree, is studying for a PhD and works as a university professor, but thanks to Venezuela's economic crisis, he cannot even afford to have his shoes repaired. Read More

IronRock triples premium for Q2

Thursday, July, 26 2018    

Property insurance company IronRock Insurance Ltd more than tripled net earned premium for its second quarter ending June 30th, triggering a reduction in underwriting loss for the company to $15.2 million. Read More

IMF official says 'no evidence' China manipulating currency

Thursday, July, 26 2018    

Washington Dc , United States (AFP) — There is “no evidence” Chinese authorities have been intervening to move the exchange rate of the yuan, a senior International Monetary Fund (IMF) official said Tuesday. Read More

China Tower seeks US$8.7 billion IPO

Thursday, July, 26 2018    

Hong Kong, China (AFP) — China's State-owned China Tower — the world's largest operator of telecommunications towers — announced Tuesday it will aim for US$8.7 billion initial public offering in Hong Kong, the biggest globally in four years. Read More

No more armchair cricketers — Llewellyn

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, July, 25 2018    

Owing to the difficulties in prosecuting financial crimes, the country's lead prosecutor, Paula Llewellyn, says she has advised her team to start publicly naming corporate entities who refuse to provide evidence that could lead to convictions in the courts. Read More

Cement sales up; construction industry growth not reflective

Wednesday, July, 25 2018    

Speaking at the annual shareholders' tour of the Cement Company factory in Rockfort, Peter Donkersloot, general manager, shared the good news that his company is doing well, yet also shared his confusion as to why the official statistics do not reflect growth in the construction... Read More



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