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Business

Defiance of COVID-19 dining bans in the US as restaurants flounder

Thursday, January, 14 2021    

BORING, Oregon (AP) — A line formed out the door during the lunch rush at the Carver Hangar, a family-owned restaurant and sports bar, and waitresses zipped in and out of the kitchen trying to keep up with orders as customers backed up in the lobby. Read More

Derrimon acquires 80 per cent stake in NY-based food stores

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, January, 13 2021    

Derrimon Trading Limited (DTL), through its two latest acquisitions in the United States, has gained a controlling interest or 80 per cent stake in wholesale food distributor FoodSaver New York Inc (FoodSaver NY) and specialty supermarket Good Food for Less LLC (Good... Read More

Huawei contributing significantly to Jamaica's economy Latin America getting its fair share

BY DURRANT PATE Observer business writer | Wednesday, January, 13 2021    

GLOBAL technology company Huawei is highlighting its significant contribution to the Jamaican economy in the wake of persistent criticism by outgoing American Ambassador to Jamaica Donald Tapia. Read More

Stocks drift on Wall Street; Treasury yields keep rallying

Wednesday, January, 13 2021    

US stocks were drifting near their record heights yesterday, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year. Read More

The basics of money

BY DAVID ROSE Observer Business Writer | Wednesday, January, 13 2021    

THE concept of investing has been a foregone conclusion for many and was a distant idea in former times when the world moved normally. Read More

Small businesses to benefit from virtual entrepreneurship expo

Wednesday, January, 13 2021    

Small and micro operators are set to receive advice and guidance on best practices to grow and strengthen their businesses this year through a virtual entrepreneurship expo to take place later this month. Read More

Sygnus Credit Investment pulls in record US $27.58 million in APO subscription

Wednesday, January, 13 2021    

Sygnus Credit Investments (SCI) has made its biggest capital raising activity from its just concluded additional public offering (APO). The company, which is regarded as a leader in the regional private credit investment industry, successfully closed its APO on... Read More

SMEs to get fully digital with new all-in-one Digicel Business Hub services

Wednesday, January, 13 2021    

Digicel Business has launched its new Digicel Business Hub product, an all-in-one solution that provides small and medium-sized enterprises (SMEs) with a package of digital services including Internet, productivity and network security apps, digital telephony and... Read More

RF Holdings to accept digital currency across regional network

Wednesday, January, 13 2021    

RF Holdings Limited, parent company to a group of investment banks in The Bahamas, Barbados, and the Cayman Islands, has entered into partnership with financial technology company, Bitt to facilitate the acceptance of digital currency transactions across its Caribbean... Read More

AMG factory expansion set for February

BY DAVID ROSE Observer Business Writer | Wednesday, January, 13 2021    

DESPITE the novel coronavirus pandemic impacting the operations of some of AMG Packaging and Paper Company's clients, plus slowing revenue growth in the 2020 financial year (FY), the company will be starting its long- desired expansion of its factory... Read More

Sheldon Powe — POWERHOUSE

Wednesday, January, 13 2021    

SHELDON Powe is driven by the realisation that efforts to convert thousands of rolling fields into high-quality food crops to feed our national appetites could be compared to the urgent requirement to transform our national landscape into a technology oasis. “We must have a... Read More

JSE launches new Private Market platform

Wednesday, January, 13 2021    

The Jamaica Stock Exchange (JSE) on Monday last launched its new Private Market platform — a strategic initiative aimed at deepening the financial ecosystem by increasing market participation and providing greater efficiency within the securities... Read More

Derrimon gains buy recommendation from brokers as acquisitions announced

BY DAVID ROSE Observer Business Writer | Wednesday, January, 13 2021    

With its New York-based acquisition targets publicly announced, Derrimon Trading Limited's (DTL) $3.5-billion additional public offering (APO), underwritten by lead broker Barita Investments Limited, has gained stellar reviews from the investment brokerage community which have all given... Read More

RUBiS continues renovations to islandwide network, reopens Old Harbour road station

Wednesday, January, 13 2021    

RUBiS' recent reopening of its Old Harbour Road Service Station in St Catherine, is part of continued islandwide upgrades of its service stations. RUBiS Gore Terrace on Constant Spring Road in Kingston as well as Four Paths and Spalding service stations in Clarendon are also undergoing... Read More

Samsung Electronics forecasts 25.7% jump in fourth quarter operating profit

Wednesday, January, 13 2021    

SEOUL, South Korea (AFP) — South Korean tech giant Samsung Electronics flagged a jump of more than 25 per cent in fourth-quarter (Q4) operating profit Friday, with pandemic-induced working from home driving demand for devices powered by its chips. Read More



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