Business

Oxfam deputy head resigns after Haiti sex scandal

Tuesday, February, 13 2018    

LONDON, United Kingdom (AFP) — The deputy chief executive of Oxfam resigned on Monday over the British charity's handling of a prostitution scandal in Haiti involving its staff members and allegations of similar behaviour in Chad. Read More

Amazon set to launch its own delivery service — report

Tuesday, February, 13 2018    

NEW YORK, United States (AFP) — Amazon is preparing a limited launch of a delivery service that would compete directly with services like Fedex and UPS, The Wall Street Journal reported Friday. Read More

Jamalco to be more competitive, says new MD

Monday, February, 12 2018    

Halse Hall, Clarendon — New managing director of bauxite/alumina company Jamalco, Austin Mooney, says he is committed to making Jamalco a more competitive alumina refinery. Read More

Digicel embraces data and OTT services for new promotion

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Sunday, February, 11 2018    

After about a year with little public marketing, Digicel has started a new campaign, with data taking the lead over talk time. The move represents a shift in Digicel's strategy, which previously tried to downplay the increasing popularity of Over the Top (OTT)... Read More

La Belle Femme: Finding support in the perfect fit

Sunday, February, 11 2018    

Moved by love, spurred on by passion, and surviving a fire, Donalda Reid is determined to make women feel beautiful, confident and comfortable in their most intimate apparel – La Belle Femme, the business of intimate beauty. Read More

Taxing problem for retiree

Claudienne Edwards | Sunday, February, 11 2018    

Dear Claudienne,I am an 88-year-old retiree, and in June 2016 Tax Administration Jamaica (TAJ) granted me new tax status. However, the TAJ notification to my bank, JMMB, had incorrect account numbers for the two Capital Edge savings accounts. Read More

Elite IPO oversubscribed 8 times over

Sunday, February, 11 2018    

Elite Diagnostic Limited's Initial Public Offering (IPO) closed successfully on Monday February 5, 2018 and was oversubscribed eight times over, according to a news release on Friday. Read More

Homeless Lebanese dishwasher becomes Michelin-starred chef

Sunday, February, 11 2018    

PARIS, France (AFP) —When Lebanese chef Alan Geaam first arrived in Paris two decades ago he found himself sleeping on the streets, lost and penniless with hardly a word of French. Read More

The Maldives, a honeymoon haven in peril

Sunday, February, 11 2018    

MALE, Maldives (AFP) -- Famed as an upmarket tourist destination of white beaches and turquoise waters, the island nation of the Maldives is troubled by political turmoil and rising sea levels. INDIAN OCEAN PARADISE Read More

The heights and depths of stock markets

Yanique-Leiba- Ebanks | Sunday, February, 11 2018    

On February 8, 2018, the S&P 500 erased its gains for the year, closed at a two-month low and is on track for its worst week since 2011. The Dow plunged more than 1,000 points for the second time in four days. Read More

Cable and Wireless extends deadline on cash offer

Friday, February, 9 2018    

CWC Cala Limited, owners of Cable & Wireless Jamaica (CWJ), has advised that its cash offer for the purchase of 3,027,138,546 ordinary stock units in Cable & Wireless Jamaica Limited has been extended to Wednesday, February 28, 2018 at 4:30 pm. Read More

Rewards programme to push Margaritaville sales

BY DENNISE WILLIAMS Contributor | Friday, February, 9 2018    

Margaritaville (Turks) Limited (MTL) is one of only seven US dollar-denominated stocks on the Jamaica Stock Exchange (JSE), and investors appear to be holding on to the stock. Read More

Digicel's new boss says he is listening and making changes

Friday, February, 9 2018    

Local telecommunications giant Digicel says that it is making a direct response to what its customers are clamouring for. Read More

Foreign exchange market dynamics

BY TONY MORRISON | Friday, February, 9 2018    

The bulk of the Jamaican economy is not engaged in earning foreign exchange, and this imbalance perhaps places some strain on our ability to consistently earn enough to “pay our way” as a country. Read More

Caricel sells LTE network to South African firm

Friday, February, 9 2018    

JAMAICAN LTE broadband network Caricel has announced the acquisition of its majority shares by a South African company, Involution Limited, under a sale agreement negotiated last October. Read More



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