Business

Government of Jamaica may make new bond offers soon

With a spike of $64 billion in maturities in May 2017, the Government of Jamaica (GOJ) may soon offer new Jamaican dollar bonds to tap the arising liquidity.The GOJ has domestic debt in the amount of approximately $165 billion falling due... Read More

Girls envison themselves in IT careers
More than 90 high school girls and young women yesterday participated in the International Telecommunications Union's (ITU) Girls in Information and Communication Technology (ICT) Day Caribbean Hackathon.Students, from high schools, universities...... Read More

Red Stripe hires Ogilvy for international advertising campaign
 As Red Stripe moves to position itself as a key global player, the beer company has announced that it has signed top international firm Ogilvy as its new creative agency.The brand is looking to push boundaries with its new global...... Read More

CAP in line for axe as other public bodies come under scrutiny
THE International Monetary Fund (IMF) would like socalled self-financed public bodies in Jamaica to be hauled into central government and their revenue collections put into the consolidated fund.The IMF, in its First Review Under the Stand-By...... Read More

Dollar reaches the $129: US$1 mark, but rate of depreciation slows

BY AVIA COLLINDER Business reporter browner@jamaicaobserver.com | Friday, April, 28 2017   

THE dollar slipped in value against its United States counterpart by 0.51 per cent between January 4 , 2017 and April 26 —a rate of decline that was about a quarter of the rate for the similar period in 2016.The more moderate pace of change coincides with... Read More

Invest in the infrastructure to drive growth

BY DENNIS CHUNG | Friday, April, 28 2017   

Last Easter Sunday seven of us decided that we would do the 111-mile cycle ride to Montego Bay.Of course I had to eat at Peppa's as soon as I got there, which I think is one of the best kept secrets in Montego Bay, and then stayed at my friend,... Read More

Trump rejects push to help solve Puerto Rico debt crisis

Friday, April, 28 2017   

 SAN JUAN, Puerto Rico (AP) — US President Donald Trump said yesterday that he is opposed to a push to help Puerto Rico resolve its US$70- billion debt load as the US territory faces looming austerity measures amid a deep economic crisis. Read More

Cuban sugar burns to recapture sweet smell of success

Friday, April, 28 2017   

 As Red Stripe moves to position itself as a key global player, the beer company has announced that it has signed top international firm Ogilvy as its new creative agency.The brand is looking to push boundaries with its new global... Read More

Police block farmers' protest against planned Nicaragua canal

Friday, April, 28 2017   

JUIGALPA, Nicaragua (AFP) — Police in Nicaragua on Saturday blocked thousands of farmers and rural residents from holding a march against a government plan to build a canal across the country, potentially carving up their land. “They are closing off all the... Read More

Vexit? Venezuela to ditch regional bloc over crisis

Friday, April, 28 2017   

CARACAS, Venezuela (AFP) — Venezuela began the process of formally quitting the Organization of American States (OAS) yesterday, after branding it an “interventionist coalition” for pressuring President Nicolas Maduro over a deadly political crisis. Read More

GraceKennedy aims to make a crust in US patty market

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, April, 26 2017   

GraceKennedy is now manufacturing and distributing frozen patties to the United States as part of its latest thrust in securing a place in the global market. Chief Executive Officer Don Wehby told the Jamaica... Read More

US Congress to consider 2% tax on outgoing remittances

BY KARENA BENNETT Business reporter benettk@jamaicaobserver.com | Wednesday, April, 26 2017   

Jamaicans in the United States who send remittances to family back home may soon find themselves contributing to the construction of the Mexican border wall — a key commitment of US President Donald Trump's 2016 campaign. Read More

Limestone research finds richest deposits in St Elizabeth, Portland and Trelawny

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, April, 26 2017   

 Research on the limestone sector is currently being done with a view to improving the value gained from this mining sector, says Minister of Transport and Mining Mike Henry.Henry, in a... Read More

Bauxite sector undertaxed — IMF

BY AVIA COLLINDER Business Observer writer | Wednesday, April, 26 2017   

An estimated US$18 million ($ 2.3 billion) in revenues annually has been lost with the government's decision to put in place new taxation arrangements for bauxite, the International Monetary Fund (IMF) indicates.In its First... Read More

Judgement in Lasco's US$311-M case against Pfizer by September

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, April, 26 2017   

Lawyers for Lasco Distributors have maintained their position that it deserves US$311 million, with interest, from drug giant Pfizer for losses relating to an injunction against sale of its popular generic hypertension drug, Las Amlodipine, in 2005. Read More



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