Business

William Mahfood to headline ICAJ 2019 Achieving Growth Business seminar

BY KEITH COLLISTER | Sunday, November, 3 2019    

Chairman of Wisynco Group Limited William Mahfood, will give the keynote address at the 2019 Institute of Chartered Accountants of Jamaica (ICAJ) Business Seminar to be held under the theme 'Achieving Growth – Sustaining Viability'” this Friday at the... Read More

Prime minister meets with elite group of business leaders in New York

Sunday, November, 3 2019    

Prime Minister Andrew Holness while on mission in New York for the 2019 Hummingbird Gala, to which he was a special guest, met with an elite group of business leaders spearheaded by the American Friends of Jamaica (AFJ) to discuss matters relating to Jamaica's economic development. Read More

Second quarter profit up for LASCO Manufacturing

Sunday, November, 3 2019    

LASCO Manufacturing on Wednesday (October 30) reported an unaudited after-tax surplus of $280 million for the company's second quarter ended September 30, 2019. This represents a 5.5 per cent increase when compared with the corresponding period last year. Read More

Google buying Fitbit in move into wearables, digital health

Sunday, November, 3 2019    

WASHINGTON, United States (AFP) — Google agreed Friday to buy Fitbit for US$2.1 billion in a move giving the US tech giant a fresh entry in the wearable technology space and helping it ramp up its challenge to Apple. Read More

Barita donates $1M to upgrading Victoria Jubilee Hospital's Maternity Clinic

Sunday, November, 3 2019    

The Barita Foundation has partnered with Woman's Touch, and their campaign #shematterstome, in donating $1 million towards improvements at Victoria Jubilee Maternity Clinic in downtown Kingston. Read More

Caribbean Bankers trained in AML and Correspondent Banking

Sunday, November, 3 2019    

In a recent training exercise carried out by the Caribbean Association of Banks (CAB), 19 participants from nine Caribbean jurisdictions became certified in a one-day training programme designed to improve their understanding of risk and compliance. Read More

Leaking roof at new home

Claudienne Edwards | Sunday, November, 3 2019    

Dear Claudienne I have often read your column and am greatly appreciative of the assistance you have rendered to people who often feel despondent.Regrettably, I am now in a similar situation and would like your help in getting some redress. Read More

AJAS Aviation set to launch IPO soon

BY DURRANT PATE Observer business writer | Friday, November, 1 2019    

Yet another local company, AJAS Aviation Services, is set to raise capital from the equities market.AJAS, which is recognised as the largest ground services provider in Jamaica, and serves in excess of 10,000 flights with more than 1 million passengers per annum, is seeking... Read More

BOJ far advanced in being recapitalised to the tune of over $28 billion

BY DURRANT PATE Observer business writer | Friday, November, 1 2019    

The Bank of Jamaica (BOJ) is far advanced in being recapitalised by the Government of Jamaica (GOJ) to the tune of five to eight per cent of its monetary liabilities. Read More

Jamaica's financial system is resilient to global economic headwinds — FSSC

Friday, November, 1 2019    

The Financial System Stability Committee (FSSC) in the wake of its review of Bank of Jamaica's (BOJ) quarterly financial stability assessments has said that despite the global economic uncertainties, the country's financial system continues to be resilient. Read More

Caribbean Business Report launches online

Friday, November, 1 2019    

Ramble Media Corporation, an affiliate of the Jamaica Observer/ ATL/ Sandals Group of Companies, launched its second digital media platform, Caribbean Business Report (CBR). Read More

Thalia Lyn inducted to PSOJ Hall of Fame

Friday, November, 1 2019    

Founder and CEO of Island Grill Thalia Lyn was formally inducted into the Privaate Sector Organisation of Jamaica (PSOJ) Hall of Fame on Tuesday, at the 27th PSOJ Hall of Fame Banquet Read More

Latin America and Caribbean exports to fall 2 per cent in 2019

Friday, November, 1 2019    

The marked deceleration that international trade in goods has experienced this decade, and which has deepened since late 2018, will negatively affect Latin America and the Caribbean's foreign trade performance in 2019, the United Nations Economic Commission for Latin America and the Caribbean... Read More

NCB/ USAID signs MOU to bolster financing for Caribbean SMEs

BY KELLARAY MILES Business Reporter milesk@jamaicaobserver.com | Friday, November, 1 2019    

Another avenue for access to finance has been made possible, this time through the National Commercial Bank (NCB) and the United States Agency for International Development (USAID), who through a Development Credit Authority (DCA) Loan Portfolio Guarantee Agreement, will provide capital... Read More

Antigua gets green light to secure multimillion dollar loan for LIAT

Friday, November, 1 2019    

ST JOHN'S, Antigua (CMC) – Parliament has given the green light to Government to secure a US$15.8-million loan from Banco del ALBA to facilitate the island's move to acquire additional shares in the cash-strapped regional airline, LIAT. Read More



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