Business

Farmers to benefit from expected tourism boom

Wednesday, November, 20 2019    

Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw is encouraging farmers to position themselves to take advantage of the expected boom in tourism over the next two years. Read More

Economy flatlines at 0.3 % cent growth

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, November, 20 2019    

The Planning Institute of Jamaica (PIOJ) in its latest review of economic performance has said that the Jamaican economy grew by an estimated 0.3 per cent in the July to September quarter relative to the corresponding quarter of 2018. Read More

Jamaica's first locally owned and operated hemp farm opens next year

BY DURRANT PATE Observer business writer | Wednesday, November, 20 2019    

Virtudes Hemp Farm, which has secured a licence to cultivate and manufacture hemp-based products for health and wellness, is to commence operations next year in Westmoreland. Read More

JP Group puts on solid third-quarter performance

Wednesday, November, 20 2019    

The Jamaica Producers Group (JP), in its third quarter operations is reporting an improved performance over the quarter which has seen them doubling profits to $330 million and increasing revenues to $5.2 billion. Read More

Jetcon moves to expand operations with acquisition of adjoining property

BY DURRANT PATE Observer business writer | Wednesday, November, 20 2019    

Pre-owned car dealer Jetcon Corporation seems set to expand its operations with the acquisition of an adjoining property to its 2 Sandringham Avenue, Kingston 10 base. Read More

Guidelines to branding Jamaica

With Shaniel May | Wednesday, November, 20 2019    

With all the recent talk about Brand Jamaica, it seems to be a great pity that the legal protection of Jamaica's national symbols and emblems is so weak. Read More

What is Alibaba, China's e-commerce giant?

Wednesday, November, 20 2019    

SHANGHAI, China (AFP) — Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite for online shopping to become one of the world's most valuable companies. Read More

Five things to know about Africa's CFA franc

Wednesday, November, 20 2019    

ABIDJAN, Ivory Coast (AFP) — The CFA franc, a seven-decade-old currency shared by more than a dozen states in West Africa, has found itself in the spotlight over calls for it to be scrapped.Here is a factfile: COLONIAL ORIGINS Read More

Many pitfalls in reform of Africa's CFA franc

Wednesday, November, 20 2019    

PARIS, France (AFP) — Calls to overhaul the West African CFA (Financial Community of Africa) franc, a currency tied to the euro and historically rooted in French colonial rule, raise a host of thorny problems, analysts say. Read More

UK PM, Labour make election pitch to business

Wednesday, November, 20 2019    

LONDON, United Kingdom (AFP) — British Prime Minister Boris Johnson and Labour Leader Jeremy Corbyn on Monday sought to woo business leaders ahead of next month's election, promising money for infrastructure and some tax cuts. Read More

Photo: Fosrich

Wednesday, November, 20 2019    

(From left) Minister of Science, Energy and Technology Fayval Williams; CEO of FosRich Company Limited, Cecil Foster; CEO, Proven Wealth Ltd (PWL), Johann Heaven; and chairman of the board of directors of FosRich Marion Foster view the design for the new warehouse / distribution centre for which... Read More

Ford launches all-electric 'Mustang' SUV

Wednesday, November, 20 2019    

NEW YORK, United States (AFP) — Ford has unveiled an all-electric Mustang that for the first time affixes the auto's distinctive horse logo to a sport utility vehicle (SUV). Read More

Iran to unblock internet once 'abuse' stops: government

Wednesday, November, 20 2019    

TEHRAN, Iran (AFP) — The Iranian government said yesterday it will unblock the internet only when authorities are sure it will not be abused during violent demonstrations against a petrol price hike. Read More

In the deserts of Dubai, salmon farming thrives

Wednesday, November, 20 2019    

DUBAI, United Arab Emirates (AFP) — From a control room in the middle of Dubai's desert, Norway's sunrises and sunsets and the cool currents of the Atlantic are recreated for the benefit of thousands of salmon raised in tanks despite searing conditions... Read More

Sri Lanka's Rajapaksa likely to reboot China ties

Wednesday, November, 20 2019    

COLOMBO, Sri Lanka (AFP) — The unfinished, purple-headed Lotus Tower soars uselessly into the Colombo sky, mired in corruption allegations — a project typical of China's misadventures in Sri Lanka under a political dynasty that has just returned to... Read More



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