Business

Salada investing $200 million in coffee pilot project

Salada Foods Jamaica, known for its flagship instant coffee brand Jamaica Mountain Peak and popular new brands Mountain Bliss 876 and Roast and Ground, is making an advance purchase of 25,000 boxes of local coffee berries which will be processed to green beans, stored and blended into Salada's... Read More

JSE makes bold step towards pioneering social enterprises
To the average Jamaican, the Jamaica Stock Exchange (JSE) is all about profits and virtually nothing much to do with social responsibility.... Read More

CAC selected for redevelopment project in Barbuda
As the redevelopment of the island of Barbuda continues since its devastation more than a year ago by Hurricane Irma, Jamaican-based company CAC 2000 Ltd has been selected to join an international engineering team involved in the development of an initial set of...... Read More

CIBC FirstCaribbean, Kingston Properties sign US$5-m loan
CIBC FirstCaribbean International Bank and Kingston Properties Ltd (KPREIT) have signed a US$5.06-million loan which will support the refinancing and acquisition of property.... Read More

IDB says Caribbean urgently needs 'quality leap' from declining export competitiveness

Friday, November, 16 2018    

BUENOS AIRES, Argentina (CMC) — A new report by the Inter-American Development Bank (IDB) says Latin America and the Caribbean need a “quality leap” from declining export competitiveness. Read More

$3.7 Billion in Profits for GraceKennedy

Friday, November, 16 2018    

JAMAICAN conglomerate GraceKennedy (GK) saw an uptick in both revenues and profits for the nine-month period ending September 30, 2018.For the period under review, Grace posted revenues of $73.8 billion, an increase of $4.5 billion over the same period last year. Read More

Grenada on target to meet visitor arrivals figure

Friday, November, 16 2018    

ST GEORGE'S, Grenada (CMC) — Grenada says it is gearing to welcome half-a-million visitors to the island with tourism officials backing its “marketing beyond the main hub” campaign. Read More

Trinidad Gov't defends guarantee to Petrotrin

Friday, November, 16 2018    

PORT OF SPAIN, Trinidad (CMC) — The Trinidad and Tobago government Wednesday said it provided guarantees of more than US$400 million to the cash-strapped oil company, Petrotrin, to meet its financial and other obligations so far this year. Read More

Cuba to pull thousands of doctors from Brazil in Bolsonaro row

Friday, November, 16 2018    

HAVANA, Cuba (AFP) — Cuba announced Wednesday it will pull thousands of its doctors out of Brazil in response to president-elect Jair Bolsonaro's “direct, contemptuous and threatening” remarks about its medical aid programme. Read More

Sterling's stock split takes effect Nov 27

Thursday, November, 15 2018    

Sterling Investments Limited (SIL), an investment holding company managed by Sterling Asset Management, has announced that the record date of the 5:1 stock split previously announced is November 27, 2018. Read More

Energy drives US consumer prices to 9-month high in October

Thursday, November, 15 2018    

Washington, United States (AFP) — US consumer inflation got a bump in October, as prices for gasoline and electricity shot up, rising along with the cost of shelter and medical care, the government reported Wednesday. Read More

Global stocks battered as markets face more uncertainty

Thursday, November, 15 2018    

New York , United States (AFP) — Another day of bad news buffeted global equities on Wednesday, sending major indices lower in Asia, Europe and New York. Read More

Heritage tourism on new path in Falmouth

BY ALEXIS MONTEITH Observer writer | Wednesday, November, 14 2018    

IN the Jamaican tourism business the term “real Jamaica” is a common one. Tourists visiting the island express the desire for an authentic Jamaican experience while industry managers often state their intention to create a genuine Jamaican tourism... Read More

Wisynco eyes new business line

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, November, 14 2018    

Wisynco Group Ltd may find itself starting a new business line as it seeks to recoup lost revenues from the ban on styrofoam produced in Jamaica. Read More

Diageo sells drinks portfolio for US$550m

Wednesday, November, 14 2018    

LONDON, United Kingdom (AFP) — British drinks giant Diageo announced Monday the sale of Seagram's VO whisky and 18 other brands to US firm Sazerac for US$550 million, to focus on premium US labels. Read More



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