Business

NCB launches realtor incentive programme to boost mortgage business

On a drive to improve its mortgage portfolio, $11-billion profit maker NCB has established an initiative to reward realtors and real estate entities for referring approved and booked mortgage business to NCB. Read More

Australia telecom giant Telstra to axe 8,000 jobs
Sydney , Australia (AFP) — Australia's dominant telecommunications company Telstra yesterday announced plans to axe 8,000 jobs — a quarter of its workforce — as part of a drastic new strategy to cope with an increasingly competitive...... Read More

SCI lists on the JSE
Sygnus Credit Investments (SCI), the private credit investment company managed by the Sygnus Group, listed two classes of shares on the Jamaica Stock Exchange (JSE) Main Market on Monday.... Read More

Cabinet replaces Jamaican directors on Petrojam board
The Cabinet yesterday named three new members of the board of directors of the Petrojam oil refinery, to replace the three Jamaican directors who resigned on Monday.... Read More

Devaluation hits Wisynco prices

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, June, 20 2018    

Months after announcing a three per cent reduction in the prices of imported goods to pass on savings from the declining US currency, newly listed Wisynco Group says it has been forced to revert to original prices as the US currency once again strengthens against the... Read More

IMF pleased with Jamaica's economic performance

Wednesday, June, 20 2018    

KINGSTON, Jamaica (CMC) — An International Monetary Fund (IMF) delegation has ended a one-week visit to Jamaica saying that economic progress is reflected in high employment levels, an 11-year low unemployment rate, and significantly lower poverty rate. Read More

Loshusan increases its presence in Portmore market

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, June, 20 2018    

By mid-2019, residents of Portmore, St Catherine, should have their shopping experience improved with the addition of the Loshusan-owned Sunshine Outlet Mall. Read More

Estate planning 101 — practical considerations

Natasha Rickards | Wednesday, June, 20 2018    

Estate planning involves preparing for the transfer of an individual's assets after his or her death. Some examples of assets that would form part of an estate include: life insurance, pensions, real estate, motor vehicles, shares, investments, and personal... Read More

Investors bullish on productive sector

Wednesday, June, 20 2018    

In last week's trading on the Jamaica Stock Exchange, stocks of companies that directly benefit from the productive sector have found favour with investors. Read More

Google to invest US$550 million in China e-commerce giant JD.com

Wednesday, June, 20 2018    

BEIJING, China (AFP) — Google will invest more than half a billion US dollars in China's second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday. Read More

JMEA concerned about Petrojam controversy

Wednesday, June, 20 2018    

The Jamaica Manufacturers and Exporters Association (JMEA) yesterday stated its concern over the controversy surrounding the governance and operations of Petrojam, as well as the lack of transparency associated with the company over the years. Read More

LIBOR explained

WITH SHANNON HARRIS | Wednesday, June, 20 2018    

“We are in a rising interest rate environment.”At one point or another in the last two years onward, this statement would have been read or said to anyone remotely interested in the financial markets. Read More

B3 for Parents

Wednesday, June, 20 2018    

Father's Day weekend got a well-deserved boost courtesy of B3 Parenting, and was geared towards real parenting solutions and motivation for Jamaican boys. Activities kicked off Friday evening with an intimate gathering in upper Saint Andrew to welcome Troy Kemp, executive director at the... Read More

Stock markets plunge on US-China trade war fears

Wednesday, June, 20 2018    

LONDON, United Kingdom (AFP) — Global stock markets tumbled yesterday on rising fears of a trade war after US President Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. Read More

UN agency says remittances much more than a 'lifeline' for the Caribbean

Wednesday, June, 20 2018    

UNITED NATIONS (CMC) — The United Nations' International Fund for Agricultural Development (IFAD) says remittances to the Caribbean and other countries are much more than a “lifeline” for millions of people. Read More



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