Business

Second-quarter profit up $10.6 million for SSL Ventures

Sunday, September, 1 2019    

SSL Venture Capital Jamaica Limited (SSL Ventures) on Friday last (August 31), reported an unaudited after-tax surplus of $10.6 million for the second quarter ended June 30, 2019, following a net loss of $1.4 million in the corresponding quarter last... Read More

US doesn't have a 'tariff problem', it has 'a Fed problem': Trump

Sunday, September, 1 2019    

WASHINGTON, United States (AFP) — President Donald Trump on Friday last (August 30) denied his trade wars were harming the US economy, instead lashing out at the Federal Reserve and poorly run American companies. Read More

The real cost of homeownership

BY PAUL ALLEN Observer Business Writer | Sunday, September, 1 2019    

Purchasing a home is one of the biggest monetary obligations anyone will have in their lifetime. Having said it several times in this space before, it is still curious to see just how many people are still unaware of the related expenses of getting their dream home (or... Read More

Lessons in loans – especially car loans

BY RANDY ROWE | Sunday, September, 1 2019    

Editor's note: The following is part two of a two-part series on what to look for and ask when taking out a loan. HOW IS THE INTEREST CALCULATED AND ACCRUED? Read More

The Bank of Jamaica's Quarterly Monetary Policy Report - August 2019 edition

Sunday, September, 1 2019    

Editor's note – the following is the major part of the latest Quarterly Monetary Policy Report issued by the Bank of Jamaica on Friday (August 30, 2019).  INFLATION OUTLOOK Read More

India's economic growth falls to six-year low of 5%

Sunday, September, 1 2019    

NEW DELHI (AP) — Indian economic growth slumped to a six-year low of 5 per cent in the April-June quarter because of a sharp deceleration in manufacturing output and subdued activity in farming and construction, a government report on Friday last (August 30). Read More

Wall Street swings to split finish ahead of tariffs

Sunday, September, 1 2019    

NEW YORK, United States (AFP) — Wall Street finished with mixed results after a choppy session on Friday last (August 30), as investors digested mixed economic data and an escalating US-China trade war before a holiday weekend. Read More

Politics of climate change put corporations in tough spot

Sunday, September, 1 2019    

The polarising politics of climate change have forced companies to choose between supporting the Trump Administration's deregulation policies that could boost profits, or opposing them to win over environmentally conscious consumers. Read More

Ford recalls 550,000 vehicles for seat strength problem

Sunday, September, 1 2019    

DETROIT (AP) — Ford is recalling more than 550,000 trucks and (sport utility vehicles (SUVs) in North America because seat backs may not properly restrain people in a crash. Read More

Local air service Jam Air up and flying smoothly

BY ALEXIS MONTEITH Observer Business Writer | Friday, August, 30 2019    

A new domestic air travel service, Jam Air, has begun operating from the Sangster International Airport in Montego Bay. The airline began its operations in July filling a void that has seen no regularly scheduled domestic flights in Jamaica for the past seven years. Read More

BOJ sets record straight on Jamaica's correspondent banking situation

BY DURRANT PATE Observer Business Writer | Friday, August, 30 2019    

The Bank of Jamaica (BOJ) is moving to set the record straight regarding the refusal of correspondent banks doing business with their Jamaican counterparts. Read More

Jamaica in much better position to face a recession- BOJ governor

BY KELLARAY MILES Observer Business Reporter | Friday, August, 30 2019    

Despite ongoing talks within global financial circles about a pending recession, Richard Byles the new governor of the Bank of Jamaica (BOJ) is expressing confidence that in the wake of an inevitable global recession, the country is in a much better place to deal with the likely... Read More

Jamaicans have appetite to invest in energy sector – Science minister

Friday, August, 30 2019    

Science, Energy and Technology Minister Fayval Williams says the overwhelming response to the sale of shares in Wigton Windfarm to the public by the Government, clearly demonstrates that Jamaicans have the appetite to invest in the energy sector. Read More

Double-digit growth for RJRGleaner Group

Friday, August, 30 2019    

The RJRGleaner Communications Group, for its first quarter ended June 30, 2019, recorded double-digit growth in profitability, seeing an after-tax profit of $24 million, following a net loss of $70 million in the corresponding quarter last year. This represents a $94 million... Read More

Scotiabank improving ATM network

BY DURRANT PATE Observer Business Writer | Friday, August, 30 2019    

Scotiabank is ramping up its digital transformation and will be investing heavily in its Automated Teller Machines (ATM) network to meet the growing demands of its customers. Read More



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