Business

Mayberry listing pushes JSE 2018 earnings past $16b

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Thursday, August, 2 2018    

Mayberry Jamaican Equities (MJE) new stocks shares climbed 10 per cent Tuesday morning, while its directors knocked champagne glasses at the Jamaica Stock Exchange (JSE) in downtown Kingston to celebrate the listing of the new company. Read More

Venture capital subsidiary to allow SSL to partner with emerging entrepreneurs

BY DENNISE WILLIAMS Observer writer | Wednesday, August, 1 2018    

SSLVC, the venture capital arm of Stocks & Securities Ltd, is in the business of expanding the available capital of businesses in Jamaica. As a stand-alone company with its own chief executive officer, the company has the mandate from parent company, SSL Barbados, to find companies... Read More

MSME sector crucial for financial inclusion, missing data on lending practices

BY DENNISE WILLIAMS Observer writer | Wednesday, August, 1 2018    

Speaking at the National Financial Inclusion Council meeting held last week, governor of the Bank of Jamaica Brian Wynter noted that the push to improve the financial inclusion of citizens was hampered by data collection challenges to guage how effective the banking sector has been in... Read More

Profit falls 16% at Blue Power

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, August, 1 2018    

A 16 per cent decline in net profit for the financial year ended April 2018 has driven soap maker Blue Power to renew calls to the Government for the removal of the coconut industry board cess and discriminatory rate of security cess at the port, both of which it names as creating... Read More

Are you operating within the right domain?

SAMANTHA MOORE | Wednesday, August, 1 2018    

Domain names are defined as the human-friendly forms of i nternet addresses, and are commonly used by companies to promote, market and advertise the company's website or online store. Read More

The power of vision

BY ATASHA BERNARD | Wednesday, August, 1 2018    

Vision is the ability to see and can be defined as a picture of the future. Vision can be captured in words, visuals or both. It needs to balance being aspirational versus inspirational, and being tangible versus practical. Read More

Hotel Four Seasons celebrates 60 years of changing with the times

Wednesday, August, 1 2018    

Hailing the Hotel Four Seasons as a standard-bearer for small properties in Kingston, Minister of Tourism Edmund Bartlett said the 60th anniversary of the landmark hotel comes at a time when the country is seeing a renaissance in tourism development in its capital,... Read More

Black and white Zimbabwe farmers try to bridge a sharp divide

Wednesday, August, 1 2018    

ARCTURUS, Zimbabwe (AFP) — Two years ago a black Zimbabwean farmer saw a white farmer thrown off land by a violent mob.Now the two work together in a partnership that they say could be a model to save the country's ruined agricultural sector. Read More

Young, rich and ambitious: Nigeria's 'gentleman farmers'

Wednesday, August, 1 2018    

ABEOKUTA, Nigeria (AFP) — “Come, I'll show you what a potential billion dollars looks like,” said P J Okocha, opening the door of a small, modern house in southern Nigeria to reveal a thousand yam seedlings. Read More

Increased access to small business loans through new project in Haiti

Wednesday, August, 1 2018    

PORT-AU-PRINCE, Haiti (CMC) — Haitians will have increased access to small business loans as the Caribbean Development Bank (CDB), Inter-American Development Bank, Global Affairs Canada and Desjardins International of Canada have partnered to increase services for micro and small... Read More

Venezuela's president admits economy has failed

Wednesday, August, 1 2018    

CARACAS, Venezuela (AFP) — Under-fire Venezuela President Nicolas Maduro admitted his economic model has “failed” in the wake of food and medicine shortages and public service paralysis, such as yesterday's power failure that affected 80 per cent of... Read More

IMF urges Greece to pursue ‘realistic’ economic targets

Wednesday, August, 1 2018    

WASHINGTON, United States (AFP) — The International Monetary Fund yesterday urged Greece to be “realistic” about its economic goals, and reiterated the long-standing concern the country may yet need additional debt relief. Read More

P&G hikes some prices as weak grooming shaves profits

Wednesday, August, 1 2018    

NEW YORK, United States (AFP) — Procter & Gamble announced price hikes on toilet paper, diapers and some other staples yesterday as it reported a dip in earnings, due in part to cutthroat competition in the shaving business. Read More

Heineken shares plunge on hangover fears

Tuesday, July, 31 2018    

Dutch brewing giant Heineken on Monday saw its share price plummet over five per cent after revising outlook downwards for the year, despite reporting a leap in first-half profits. Read More

Apple and Amazon lead the pack to $1-trillion market value

Tuesday, July, 31 2018    

New York, United States (AFP) — For a long time, Apple appeared to be flying solo to a US$1-trillion market value, but Amazon is right at its heels — and experts have no fears of a tech bubble. Read More



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