Business

Anguilla to receive US$5.6-m loan from CDB

Friday, June, 1 2018    

ST GEORGE'S, Grenada — The Caribbean Development Bank (CDB) says its board has approved a loan of US$5.6 million to assist the Government of Anguilla in meeting its fiscal obligations after the destruction caused by Hurricane Irma in 2017. Read More

Scott Van Bonnet in expansion mode

Wednesday, May, 30 2018    

Two months after opening a Mediterranean-style restaurant in Blue Diamond Shopping Centre in Ironshore, Montego Bay, Scott Van Bonnet is looking to expand its footprint in the western parish capital. Read More

Breathless Montego Bay wins Caribbean Hotel Development of the Year

Wednesday, May, 30 2018    

Breathless Resorts & Spa Montego Bay was named the Best New Caribbean Development for 2017 at the recently concluded Caribbean Hotel Investment & Resorts Summit. Read More

Caribbean lags in sports spending, says IDB report

Wednesday, May, 30 2018    

WASHINGTON, DC, United States (CMC) — A new report by the Inter-American Development Bank (IDB) says Latin America and the Caribbean lag in sports spending, stating that the region could get a development boost from sports activities that improve the region's social and health... Read More

Cugliari joins private wealth team at CIBC FirstCaribbean

Wednesday, May, 30 2018    

CIBC FirstCaribbean recently announced the appointment of Fernando Cugliari to the post of private wealth investment advisor. Read More

Supreme performance

BY BALFORD HENRY Senior Staff Reporter balfordh@jamaicaobserver.com | Wednesday, May, 30 2018    

While most Jamaicans are of the view that Supreme Ventures Limited (SVL) has been making huge profits from its gaming engagements, information provided by President and CEO Ann-Dawn Young Sang shows that 98 per cent of its earnings go right back into the... Read More

Protecting your new designs

HELEN LIU | Wednesday, May, 30 2018    

There are many industries that are driven by creativity and with this, new designs being developed. There are numerous individuals who are creative and can dream up new and innovative designs. Designs — in addition to other forms of intellectual property such as... Read More

KPREIT secures US$800,000 for another acquisition

BY KARENA BENNETT Observer staff reporter bennettk@jamaicaobserver.com | Wednesday, May, 30 2018    

Real estate investment company, Kingston Properties Limited (KPREIT) plans to invest north of US$800,000 in another Cayman Island or Jamaican property. Read More

EU proposes to ban plastic straws, stirs, and cotton buds

Wednesday, May, 30 2018    

BRUSSELS, Belgium (AP) — The European Union (EU) has proposed banning plastic products like cotton buds, straws, stirs and balloon sticks when alternatives are easily available in an attempt to reduce litter spoiling beaches and ocean beds. Read More

Trump renews China tariff threat, complicating talks

Wednesday, May, 30 2018    

WASHINGTON, DC, United States (AP) — The Trump Administration has renewed its threat to place 25 per cent tariffs on US$50 billion of Chinese goods in retaliation for what it says are China's unfair trade practices. Read More

Financial turmoil engulfs Italy amid political uncertainty

Wednesday, May, 30 2018    

MILAN (AP) — The spectre of a financial crisis came back to haunt Italy yesterday, as its markets plunged on fears that the Eurozone's third-largest economy is heading toward another election that could shape up to be a referendum on whether to stay in the common... Read More

Trump announces new tariffs on Chinese technology

Wednesday, May, 30 2018    

WASHINGTON DC (AP) — The US is announcing that it will impose a 25 per cent tariff on US$50 billion worth of Chinese goods containing “industrially significant technology”. Read More

Women CEOs in the United States still a rarity, but pay tops that of men

Wednesday, May, 30 2018    

Female CEOs in the United States remain scarce at the biggest publicly traded companies, but those who hold the top job receive pay competitive with male peers. Read More

ECLAC reports increase in containerised cargo in Latin America and Caribbean

Wednesday, May, 30 2018    

SANTIAGO, Chile (CMC) — The throughput of containerised cargo in the ports of Latin America and the Caribbean increased by an estimated 6.1 per cent last year, confirming the improvement in the region's foreign trade in 2017 as well as the heterogeneity of growth rates in... Read More

San Francisco to decide whether to ban flavoured tobacco

Wednesday, May, 30 2018    

SAN FRANCISCO, United States (AP) — A major tobacco company is pumping millions of dollars into a campaign to persuade San Francisco voters to reject a ban on selling flavoured tobacco products — including menthol cigarettes, certain chewing tobaccos and vaping liquids... Read More



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