NAFTA's demise would cut Canada growth 0.4%, says IMF

OTTAWA, Canada (AFP) — The collapse of the North American Free Trade Agreement (NAFTA) would cut at least 0.4 per cent from Canada's economic growth, the International Monetary Fund (IMF) said yesterday, after negotiations to revamp the 1994 pact bogged... Read More

Sagicor, Playa transaction complete
Sagicor Group Jamaica yesterday announced that its $39- billion assets combination transaction with Playa Hotels & Resorts NV is now complete, and will result in the the properties being run under the agreement benefiting from an expanded presence in resort markets...... Read More

Medical Disposables and Supplies hits the $2b revenue mark
Healthcare and consumer products distributor, Kingston-based Medical Disposables and Supplies Limited (MDS) is reporting that it has crossed the $2-billion threshold in revenues for the first time in the company's history. ... Read More

'Very limited' impact of World Cup on Russia's economy, says Moody's
MOSCOW, Russia (AFP) — While the World Cup that kicks off later this month will focus the attention of football fans around the world on Russia, it will have little impact on the country's economy, analysts at Moody's rating agency have said.... Read More

Heartache relief

Claudienne Edwards | Sunday, June, 3 2018    

Dear Claudienne,I got your e-mail address from a co-worker and I am wondering if you can help me with an issue I am having with Sagicor Medigap. Read More

GraceKennedy restructures for $100-billion revenue target

Sunday, June, 3 2018    

Conglomerate GraceKennedy Group Limited has employed the services of London Consulting Group to assist with its planned restructuring process as the company positions itself to surpass $100-billion in revenue by year end. Read More

Jamaica a role model for public-private partnerships

Martin Khant | Sunday, June, 3 2018    

Governments worldwide have turned to public-private partnerships (PPPs) to design, finance, build, and operate infrastructure projects. In the Caribbean, PPPs have successfully enabled countries to build innovative alternative, less expensive clean energy solutions like... Read More

US unemployment falls to nearly 1969 levels; hiring solid

Sunday, June, 3 2018    

WASHINGTON, DC, United States (AP) — Another month of strong hiring drove... Read More

Walmart goes upscale with personal shopper service

Sunday, June, 3 2018    

NEW YORK, United States (AFP) — Walmart last Thursday unveiled a new concierge shopping service enabling customers to get quick deliveries and advice from a personal assistant, going upscale in the retail giant's battle with Amazon. Read More

CDB records strong growth in 2017

Sunday, June, 3 2018    

BRIDGETOWN, Barbados (CMC) – The Barbados-based Caribbean Development Bank (CDB) recorded strong growth and exceeded targets in approvals and disbursements in 2017 . Read More

Partnership giving Jamaican journalists free access to open data tools

Sunday, June, 3 2018    

Google News Lab partner Code for Africa and Kingston-based civic tech non-profit, the SlashRoots Foundation are combining efforts to offer Jamaican news organisations access to digital tools to help them mine open data and offer new services to Jamaican... Read More

GraceKennedy on the hunt for another Ghana distributor

BY KARENA BENNETT Observer staff reporter | Friday, June, 1 2018    

FOOD and financial services conglomerate GraceKennedy Limited plans to assign a third party distributor for its Ghana operation, following slower than expected returns in the African market. Read More

LASCO Distributors reports $1 billion profit record

Friday, June, 1 2018    

LASCO Distributors Limited (LASD) says it has achieved profit of $1.004 billion for the financial year ended March 31, 2018, the highest-performing net profit for the company to date and in the history of the Jamaica Stock Exchange Junior Market. Read More

Sygnus Credit Investments' IPO triples subscription target

Friday, June, 1 2018    

Sagicor Group is reporting that Sygnus Credit Investments' initial public offering (IPO), which closed on Wednesday, May 16, has been heavily oversubscribed. Read More

Bahamas increasing VAT to 12% by July 1

Friday, June, 1 2018    

NASSAU, Bahamas (CMC) — The Government of The Bahamas will be increasing Value Added Tax (VAT) by 12 per cent as of July 1. Read More


Today's Cartoon

Click image to view full size editorial cartoon