Business

Partnerships with USAID, int'l universities to boost Red Stripe's 'Project Grow'

BY JAVENE SKYERS Observer staff reporter skyersj@jamaicaobserver.com | Friday, July, 14 2017    

THE technical and research efforts of cassava farmers have been boosted after two memoranda of understanding (MOU) were signed to aid Red Stripe's 'Project Grow'. Read More

Puerto Rico amends tax incentive laws to lure more investors

Friday, July, 14 2017    

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor on Tuesday signed several measures meant to lure more investors and attract new companies to a US territory mired in a deep economic crisis. Read More

Haiti revives army, raising fears of political crackdown

Friday, July, 14 2017    

PORT-AU-PRINCE, Haiti (AFP) — After two decades with no army, Haiti has announced plans to rebuild its military to handle disasters and smuggling, though some fear the force could return to misdeeds, and be a tool of oppression. Read More

Puerto Rico enacts medicinal marijuana law

Friday, July, 14 2017    

SAN JUAN, Puerto Rico (AFP) — The depleted government coffers of bankrupt Puerto Rico will take in US$50 million a month now that a law allowing the use of marijuana for medicinal purposes has taken effect, the governor said. Read More

S&P cuts Venezuela debt ratings, sees risk of default

Friday, July, 14 2017    

PARIS, France (AFP) — S&P Global Ratings said Wednesday it has lowered Venezuela's sovereign debt ratings, warning of the risk of default as economic conditions in the oil-rich country worsen and political tensions rise. Read More

$300,000 for top male, female household workers

Friday, July, 14 2017    

GRACEKENNEDY is inviting nominations for the fourth annual GraceKennedy Heather Little-White Household Worker Awards 2017. Read More

Bahamas facing downgrade from Moody's

Friday, July, 14 2017    

NASSAU, Bahamas (CMC) — The Government says it will be moving expeditiously to address the fiscal situation in the wake of a recent statement from the international credit rating agency Moody's. Read More

Grenada paying almost US$1 million to Microsoft for piracy

Friday, July, 14 2017    

ST GEORGE'S, Grenada (CMC) – The Government of Grenada has paid Microsoft US$800,000 to resolve a “piracy problem” which was identified more than 10 years ago. Read More

Business and consumer confidence remains high — but with some level of scepticism

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, July, 12 2017    

Jamaica's high business confidence pattern has slipped into a downward trend, with the latest results of the 2017 Survey of Business and Consumer Confidence showing that the nation's business operators have grown weary of Government promises to transform the economy. Read More

Seprod seeks growth — wants to expanddistribution, marketing and production

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, July, 12 2017    

Food and manufacturing conglomerate, Seprod Ltd, is aggressively looking to acquire or build out a distribution company in efforts to greater diversify its business model. Read More

Multimillion investment for Sugar and Spice

Wednesday, July, 12 2017    

Iconic bakery and patty shop Sugar and Spice opened its sixth location in Barbican Square this past Monday. The family business, which is owned and operated by Melissa Lowe and Oliver and Roger Chang, has been supplying loyal customers with baked goods for almost 50... Read More

GraceKennedy moves to acquire Consumer Brands

Wednesday, July, 12 2017    

Conglomerate GraceKennedy Limited has announced that discussions are underway for the acquisition of one of Jamaica's largest distributors, Consumer Brands Ltd. Read More

Recent heavy rains dampen sugar production

Wednesday, July, 12 2017    

The Sugar Association of the Caribbean (SAC) in its crop data report for the month of May, says out of season rain has delayed sugar cane production in Jamaica and Guyana, and has adversely affected the 2016/17 reaping period. Read More

Modern tourists don't want foreign-made souvenirs — Bartlett

BY JOVANEY ASHMAN Observer intern | Wednesday, July, 12 2017    

Foreign-made 'Jamaican' souvenirs could be on the way out, as the Tourism Ministry is one step closer to its plan of establishing the island's first Craft Development Institute (CDI), following the signing of a memorandum of understanding (MOU), yesterday, to commence a study to assess... Read More

SOS to invest in new CRM system

Wednesday, July, 12 2017    

Stationery and Office Supplies (SOS) hopes to improve revenue through an upgraded customer relations management (CRM) system by year end. Read More



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