Business

First Rock turns to overseas acquisitions

Having closed several big local real estate deals, First Rock Capital Holdings, a real estate and private equity company with regional subsidiaries is now turning its attention to overseas acquisitions. Read More

NCB to expand its receivables financing programme
National Commercial Bank (NCB) is now in talks with the Development Bank of Jamaica (DBJ) regarding the sourcing of on-lending funds to expand its receivables financing programme.... Read More

GWest venturing into telemedicine with Digicel
Western Jamaica medical outfit, GWest Corporation is teaming up with Digicel to venture into telemedicine in Jamaica.... Read More

Offering children a large variety of snacks encourages them to eat more
CANDY bars, chips, cookies...the spectrum of foods considered to be “snacks” is very wide. A study recently published in the International Journal of Obesity involving 1,299 children, aged 11-12 years, and 1,274 parents showed that having...... Read More

Government endorses Business Process Outsourcing sector

Wednesday, August, 21 2019    

A US$480,000-project aimed at strengthening the local outsourcing industry by enabling small operations to move up the value chain is being endorsed by the Government. Read More

Business leaders give thumbs up to new BOJ governor

Wednesday, August, 21 2019    

 It's official. Richard Byles is now the new governor of the Bank of Jamaica (BOJ). Byles took over his new role as governor at the (BOJ) last Monday (August 19), replacing Bryan Wynter. Read More

The current yield curve: temporary aberration or sign of gloom?

BY KERMIN HAMIL Contributor | Wednesday, August, 21 2019    

A very important predictor of future economic activities has been behaving in an abnormal way recently. The recent anomaly evoked fears within the United States of America (US) as well and other countries, sparking fears of future recessions and a downturn in economic activities. The... Read More

The positive impacts of implementing strong public financial management

BY Iain Mansfield | Wednesday, August, 21 2019    

The public sector is changing. Our societies are demanding more services and better infrastructure and organisations are increasingly being asked to comply with international standards. This comes at precisely the time we are seeing the unprecedented impact of new... Read More

General Accident reports after-tax profit of $135.28 million for first six months of 2019

Wednesday, August, 21 2019    

General Accident Insurance Company Jamaica Limited (General Accident), on Friday (August 16) reported an after-tax profit of $135.28 million for the six months ended June 30, 2019. This represents a 42 per cent increase compared to the previous corresponding... Read More

Profit falls 55% at Kingston Properties

Wednesday, August, 21 2019    

Kingston Properties Limited (KPREIT) reported on Thursday last (August 15) an unaudited after-tax surplus of $28.6 million, for the six months ended June 30, 2019, despite a 55 per cent decrease due to unrealised foreign exchange losses incurred on net assets when... Read More

Logic One warehouse — up and running

BY KELLARAY MILES Observer Business Reporter | Wednesday, August, 21 2019    

Celebrations Brands Limited (CBL) yesterday (August 20) officially opened its new warehouse distribution project — Logic One as its central hub for islandwide distribution. Read More

Second-quarter profit falls at Jetcon; reverses years of solid growth

Wednesday, August, 21 2019    

Jetcon Corporation Limited (Jetcon) m anaging d irector Andrew Jackson is informing that for the second quarter ended June 2019, the company's net profit of $8.67 million has reversed three years of... Read More

Jamaica Customs Agency lists procedures for clearing charitable items

Wednesday, August, 21 2019    

The Jamaica Customs Agency (JCA) is giving a reminder to charities, foundations and schools of the proper procedures for the clearing of items. Read More

Port Authority says it is making progress on Port Royal Cruise Port

Wednesday, August, 21 2019    

The Port Authority of Jamaica (PAJ) advises that marine-side works at the Old Coal Wharf, where the Port Royal Cruise Port Terminal will be located, is at an advanced stage and is scheduled to be completed by August 31, 2109. This represents a significant milestone in the PAJ's plans to... Read More

Photos: New BOJ governor gets to work

Wednesday, August, 21 2019    

SECURITY CHECK! Governor of Bank of Jamaica, Richard Byles goes through the obligatory security checks. (Photos: Joseph Wellington) Read More



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