Business

EGC projects 2.3% growth for 2017/18

Jamaica's Economic Growth Council (EGC) has projected an economic growth rate of 2.3 percent for financial year 2017/18.In its quarterly “Report to the Nation” for the period January-March, 2017, the EGC said that the 2.3 per cent growth is predicated primarily on... Read More

Double trouble
 Double trouble after $150,000 taken from pensioner's BNS accountDear Claudienne,I have a joint account with my mother, who is a pensioner, at the Port Antonio branch of the Bank of Nova Scotia (BNS).In February 2017, the...... Read More

BOJ to make another early payment on US$ CDs in July
On Thursday, April 27, the Bank of Jamaica (BOJ) announced its intention to prepay over US$112 million to holders of its foreign currency-denominated certificates of deposit (CDs).They instruments include 11 issues dating from 2014 with maturity dates in 2018...... Read More

Express Catering signs Mayberry as financial advisor
 Mayberry Investments Limited on Friday announced that it will now act as financial advisor to Jamaican hospitality outfit, Express Catering Ltd. The deal, which was signed earlier this month, signals that the food and beverage operator is considering...... Read More

KCT wins 2016 Americas award

KCT wins 2016 Americas award BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, April, 30 2017   

Government divested Kingston Container Terminal has been named the 2016 North America Port Deal of the Year by infrastructure journal and project finance magazine, IJGlobal.The annual IJGlobal award ceremony, which celebrates outstanding transactions and institutions from... Read More

Check-ups

Yanique Leiba-Ebanks | Sunday, April, 30 2017   

 When you hear the word check-up I imagine you think about going to the doctor, and I sincerely hope you are indeed getting your check-ups and having your executive profiles done. Not being a doctor, however, I am ill-equipped to give medical advice. I'm far... Read More

Telecommuting - working from home

BY BOB EVANS | Sunday, April, 30 2017   

A workspace for centralised management has existed in some form for centuries. The modern era of office development may have commenced with the Taylorist principle of office design, which, simply put, was a human assembly line with desks in open “schoolroom” fashion.  Read More

Trump targets aluminium in week of trade tensions

Sunday, April, 30 2017   

 WASHINGTON, United States (AFP) — In a week full of trade discord, US President Donald Trump vowed Thursday to take action to boost the American aluminium industry which has been “unfairly damaged” by imports.The industry is... Read More

Inventor takes flight in 'Iron Man' suit

Sunday, April, 30 2017   

VANCOUVER, Canada (AFP) — British inventor Richard Browning lifted off from the shore of Vancouver Harbour on Thursday in a personal flight suit that inspired references to comic superhero 'Iron Man'.Using thrusters attached to his arms and back, Browning flew in a circle... Read More

Government of Jamaica may make new bond offers soon

BY AVIA COLLINDER Businessreportercollindera@jamaicaobserver.com | Friday, April, 28 2017   

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

Friday, April, 28 2017   

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

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

CAP in line for axe as other public bodies come under scrutiny

Friday, April, 28 2017   

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



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