Business

Scotia lowers mortgage rate to 6.99%

SCOTIABANK has lowered its mortgage rate to 6.99 per cent effective last Friday, March 15. Read More

Mandela Highway upgrade 90 per cent complete
KINGSTON, Jamaica — The Mandela Highway Realignment and Reconstruction project is just over 90 per cent complete, it was revealed in a release from the National Works Agency (NWA) which quoted senior communications officer of the organisation, Ramona Lawson.... Read More

COK issues deferred share offer
COK Sodality Co-operative Credit Union has issued a five-year deferred share offer to its membership, in what it described as “a decisive move to shore up its capital base and finance a new core banking system”. ... Read More

Rebranding operation at Silva Investments
Silva Investments Limited, the new parent company for Torpedo Micro Loan Financing, will restructure the company's portfolio of products in line with plans to rebrand the company to Silva Finance Limited. ... Read More

Blow to C&WJ

BY AL EDWARDS | Wednesday, March, 20 2019    

 Former managing director of Deutsche Bank Securities and now partner of Stillwater Structured Finance, Jason Abrahams has won a significant legal battle against telecoms giant Cable & Wireless Jamaica (C&WJ) now rebranded as Flow Jamaica. Read More

Jamaica Customs to engage Portmore residents March 27

Wednesday, March, 20 2019    

T he Jamaica Customs Agency (JCA) team will be in the 'Sunshine City' of Portmore, St Catherine, on Wednesday, March 27 for its seventh “Customs Meets the Community” parish engagement. Read More

EXIM Bank loans for productive sector to increase to $9.3 billion

Wednesday, March, 20 2019    

The National Export-Import (EXIM) Bank of Jamaica has projected that its loans to the productive sector will increase to $9.3 billion for the upcoming fiscal year. Read More

UDC looks at construction industry to aid economic development

Wednesday, March, 20 2019    

The Urban Development Corporation (UDC) says that with the onset of major development works being undertaken across the island, the critical role of the construction industry to Jamaica's economic development is now at the forefront. Read More

US wastewater treatment company secures contract with NHT

Wednesday, March, 20 2019    

United States-based company Fluence Corporation Limited has secured its first order for a newly designed wastewater treatment technology through a contract with the National Housing Trust (NHT). Read More

Student entrepreneurs compete to defend Ja's IBMC Global Championship

Wednesday, March, 20 2019    

Fifteen teams of student entrepreneurs at the tertiary level will this week be competing for cash prizes of up to $4 million and an all-expense paid trip to defend Jamaica's 2018 global championship at the upcoming International Business Model Competition (IBMC). Read More

UK's richest man switches gear to buy Team Sky

Wednesday, March, 20 2019    

LONDON, United Kingdom (AFP) — Britain's richest man, reclusive chemicals tycoon Jim Ratcliffe, emerged from the shadows yesterday to buy the world's most successful cycling group, as Team Sky transforms itself into Team Ineos. Read More

UK unemployment rate hits 44-year low

Wednesday, March, 20 2019    

LONDON, United Kingdom (AFP) — The British unemployment rate has struck a 44-year low, official data showed yesterday, despite a broader economic slowdown as Brexit looms. Read More

Successful Ol' Joe looks to franchising

BY ALEXIS MONTEITH Observer writer | Wednesday, March, 20 2019    

In 2013 Robbie Josephs, a well-known Montegonian chef and entrepreneur, and his son Robbie Josephs Jr were at a Chinese restaurant in Montego Bay lamenting the fact that there was nowhere similar in the city specialising entirely in Jamaican cuisine. The discussion led to an idea. That... Read More

US transport watchdog to audit Boeing 737 certification

Wednesday, March, 20 2019    

WASHINGTON, DC, United States (AFP) — US Transportation Secretary Elaine Chao yesterday formally directed an internal watchdog office to audit the certification process for Boeing's 737 MAX 8 aircraft following recent deadly crashes. Read More

Lyft revs up for an IPO seeking to raise US$2.4b

Wednesday, March, 20 2019    

WASHINGTON, DC, United States (AFP) — Lyft said Monday it would seek to raise as much as US$2.4 billion in its public share offering, in the first major listing in the fast-growing ride-hailing sector. Read More



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