Business

MBCCI launches member-to-member discount programme

Friday, December, 7 2018    

MONTEGO BAY, St James- The Montego Bay Chamber of Commerce and Industry (MBCCI) officially launched its member-to-member discount card at their Overton Plaza headquarters on Tuesday. Read More

Blue Dot sights opportunity in Barbados and Trinidad

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, December, 7 2018    

Blue Dot Data Intelligence Ltd, one of the three companies to receive an injection of capital from SSL Ventures, has expanded its service offerings to Barbados and is close to signing off on another agreement in Trinidad and Tobago. Read More

Cuba scraps some private sector restrictions after backlash

Friday, December, 7 2018    

HAVANA, Cuba (AFP) — Havana on Wednesday announced it was scrapping some tough new restrictions on the private sector that had been set to take effect at the end of this week and had caused concerns among entrepreneurs. Read More

Putin vows 'support' as Venezuela's Maduro seeks financial aid

Friday, December, 7 2018    

MOSCOW, Russia (AFP) —Russian President Vladimir Putin on Wednesday voiced support for Venezuelan leader Nicolas Maduro as he visited Moscow seeking financial assistance for the socialist country's collapsing economy. Read More

China's Xi in Panama on mission to bolster clout in Latin America

Friday, December, 7 2018    

PANAMA CITY, Panama (AFP) — China's President Xi Jinping and his Panamanian counterpart Juan Carlos Varela signed a string of cooperation agreements Monday as Beijing aims to extend its political and economic influence in Latin America. Read More

Stephen Summers to head SVL's Guyana operation

Thursday, December, 6 2018    

Jamaican gaming and entertainment company, Supreme Ventures Limited (SVL) has appointed Stephen Summers as General Manager of its Guyana Company – Supreme Ventures Enterprise. Read More

Global markets sink as uncertainty reigns

Thursday, December, 6 2018    

London , United Kingdom (AFP) — European markets lost ground yesterday on the back of sharp Asian losses and overnight on Wall Street, as concern grew over the US economic outlook, dealers said. Read More

Creating a new financial Cornerstone out of Barita

BY JOSIMAR SCOTT Observer writer | Wednesday, December, 5 2018    

Raising $8 billion through Jamaica's capital market is no easy feat; even harder for a company that is relatively unknown — a start-up of sorts. But that is what Paul Simpson accomplished in his bid to acquire Barita Investments Ltd (BIL) and restructure Cornerstone Investment... Read More

Salada achieves peak performance in year-end profits

BY JOSIMAR SCOTT Observer writer | Wednesday, December, 5 2018    

Salada Foods Jamaica Ltd exceeded profits by 219 per cent year over year, according to audited financial statements posted by the group on the Jamaica Stock Exchange website last week, with profit after tax for the year ended September 30, 2018 reaching $219.2 million... Read More

Spur Tree increases Australia exports

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, December, 5 2018    

Spice manufacturer Spur Tree will later this week send off its largest shipment of seasoning to Australia. Read More

ARC Manufacturing mulls 15 per cent export revenue in 2019

Wednesday, December, 5 2018    

Manufacturer of building materials, ARC Manufacturing Ltd hopes to push export numbers up to 15 per cent of total revenue come 2019. Read More

Rock band theory revealed at Tech Beach

BY ALEXIS MONTEITH Observer writer | Wednesday, December, 5 2018    

The third annual staging of the Tech Beach conference took place at the Iberostar Rose Hall resort in Montego Bay last week. The conference, which focuses on emerging technologies, brings together investors, founders and executives of leading businesses in the global... Read More

Jampro to support Tech Beach for 3

BY JOSIMAR SCOTT Observer writer | Wednesday, December, 5 2018    

The Jamaica Promotions Corporation has pledged its support to Tech Beach Retreat for the next three years, a release sent to the Jamaica Observer announced. Read More

C&WJ launches new banking platform

Wednesday, December, 5 2018    

Community and Workers of Jamaica Co-operative Credit Union Ltd (C&WJ), which claims to be the largest credit union in Jamaica with an asset size of $15.9 billion, has completed the implementation of its new core banking platform, Sharetec, from Bradford Scott out of the United... Read More

Bijoux gets $100-m upgrade

BY VERNON DAVIDSON Executive editor — publications davidsonv@jamaicaobserver.com | Wednesday, December, 5 2018    

In conjunction with its brand partners, Bijoux's flagship store in New Kingston has undergone a $100-million upgrade in what Chief Executive Officer Anup Chandiram says is a proactive move to further establish the high-end watch, jewellery and fragrance dealership in... Read More



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