Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com


IMF envisions sharp 4.4% drop in global growth for 2020

Wednesday, October, 14 2020    

WASHINGTON (AP) — The International Monetary Fund (IMF) foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century. Read More

Tourism is the key to the Caribbean's economic recovery

BY KEITH COLLISTER | Wednesday, October, 14 2020    

In a recent presentation to the Jamaica Chamber of Commerce (JCC), director of Tourism Donovan White quoted Minister of Tourism Edmund Bartlett as follows. Read More

Sagicor Select aims to launch new funds in 2021

BY DAVID ROSE | Wednesday, October, 14 2020    

Following a record-breaking 2019, Sagicor Select Funds is now targeting 2021 as the new timeline for listing their Class D and E shares which was thrown off course due to the asset price collapse caused by the COVID-19 pandemic. Read More

COVID-19 and the job market of the future

Wednesday, October, 14 2020    

The pandemic is accelerating the transition to a digital economy. New ways of working and shopping mean certain roles in data analysis and consumer behaviour, for example, will become more common. Read More

Jamaica's economic decline could worsen

BY DURRANT PATE Observer Business Writer | Wednesday, October, 14 2020    

Jamaica's economic decline could worsen given the latest projections of a steep fall in global growth this year by the International Monetary Fund (IMF). Read More

JN's UK bank to address financial inclusion and de-risking issues for Diaspora

Wednesday, October, 14 2020    

The Jamaica National (JN) Group, following the launch of its latest subsidiary company— JN Bank in the United Kingdom (UK), has cited financial inclusion as well as the pursuance of correspondent banking services for Caribbean banks as being atop the list of issues to be addressed... Read More

Entrepreneurial push

Wednesday, October, 14 2020    

Lauri-Ann Ainsworth gets her biggest rush when the Branson Centre pushes an entrepreneur to new levels of success. 'Push' has been the number one word in her vocabulary since she became CEO of Branson Centre of Entrepreneurship, Caribbean — the region's leading... Read More

Jampro seeks greater support for Export Max

Wednesday, October, 14 2020    

President of Jamaica Promotions Corporation (Jampro), Diane Edwards, is appealing for more private sector companies to partner with the entity in executing the Export Max programme. Read More

Long-awaited Jamaican Teas stock split for November 30

BY DURRANT PATE Observer Business writer | Wednesday, October, 14 2020    

The long-awaited Jamaican Teas three-to-one stock split is now set to take place on November 30, more than seven months after the April 1 initial date. Read More

Jamaica stands to gain from convention tourism

Wednesday, October, 14 2020    

ROSE HALL, St James — Jamaica stands to earn significant foreign exchange in the medium to long term from the groups and conventions tourism subsector, through a groundwork exercise established between the Jamaica Tourist Board (JTB) and the Miami-based eGroup... Read More

'When is it safe to re-enter the market?'— Sterling Asset answers

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, October, 14 2020    

As uncertainty plagues the current climate due to the economic fallout from the COVID-19 pandemic, many investors question how to successfully navigate investments and volatile financial markets during the pandemic. Read More

2020: The year SPACS and APO's took hold in the equity markets

BY DAVID ROSE | Wednesday, October, 14 2020    

Unlike in 2019 when companies traditionally raised money through the route of initial public offering (IPO), 2020 has seen a total transformation in the United States and Jamaican markets as companies raise capital through special purpose acquisition companies (SPAC) and additional... Read More

Former JHTA President Omar Robinson launches hospitality services entity — Arya Resorts Management Company

Wednesday, October, 14 2020    

Omar Robinson, immed iate past president of the Jamaica Hotel and Tourist Association (JHTA), has launched a new hospitality services company, Arya Resorts Management Company Limited. Read More

Jamaica Agricultural Commodities Regulatory Authority injects $4 million in cocoa industry

Wednesday, October, 14 2020    

The Jamaica Agricultural Commodities Regulatory Authority (JACRA) is increasing its activities to revitalise the country's ailing cocoa industry with an injection of $4.3 million for production of some 30,000 Frosty Pod Rot disease-tolerant... Read More

US banks JPMorgan, Citi profits improve amid signs of recovery

Wednesday, October, 14 2020    

CHARLOTTE, North Carolina (AP) — Two of the biggest banks in the United States, JPMorgan Chase and Citigroup, said yesterday that their profits improved markedly over the summer, as the US economy tried to bounce back from the coronavirus shutdowns that were imposed earlier this... Read More


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