Business

JMMB set to pull out of Barbados Stock Exchange

The team at JMMB Group Ltd (JMMBGL) has announced via the Jamaica Stock Exchange (JSE) that “pursuant to a resolution of their board of directors dated September 28, 2017, JMMBGL proposes to voluntarily delist all of its issued and outstanding shares from the Barbados Stock... Read More

Double-digit losses on the stock market in July
While the general trajectory of the stock market is up, the fact is that stocks move in both directions and trading in July demonstrated that clearly.... Read More

The real problem with the exchange rate
Every time there is a sharp decline of the exchange rate, it becomes a major topic of discussion, and rightly so. The fact is that the exchange rate is very important to the consumer, as it does have an impact on prices.... Read More

Time for the Jamaican dollar to revalue
The recent sharp decline in the Jamaican dollar has apparently created a surprising level of confusion, consternation, even panic, in the society.... Read More

Kingston hosts earn US$2.4m from Airbnb service in 2017

Friday, August, 17 2018    

PRIME Minister Andrew Holness says there is scope for greater expansion of the Airbnb service in Jamaica, which earned hosts in Kingston US$2.4 million in 2017. Read More

1.8 per cent growth is nothing to scoff at – Henry

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, August, 17 2018    

An estimated growth of 1.8 per cent for the April to June 2018 quarter has been described by director general of the Planning Institute of Jamaica (PIOJ), Wayne Henry, as “nothing of scoff at” given the country's current economic climate. Read More

BMR to re-energise St Croix, USVI

Friday, August, 17 2018    

BMR Energy Ltd, parent company to BMR Jamaica Ltd, announced recently that it has purchased the four-megawatt, fixed ground-mount solar facility from NRG Energy, Inc in St Croix, US Virgin Islands, which was damaged during Hurricane Maria in September 2017. Read More

Bahamas welcomes latest Moody's rating

Friday, August, 17 2018    

NASSAU, Bahamas (CMC) — The Bahamas g overnment has welcomed the rating given to the country by the United States-based rating agency, Moody's Investors Services, saying it reflects stabilisation in t he Bahamas'... Read More

Cubans to join public debate on new constitution recognising private enterprise

Friday, August, 17 2018    

HAVANA, Cuba (AFP) — Cuba called on its citizens Monday to join a series of public debates on a new constitution that will recognise the role of market forces and private enterprise in the communist island's economy. Read More

Nicaragua sharply cuts budget because of unrest

Friday, August, 17 2018    

MANAGUA, Nicaragua (AFP) — Nicaragua's National Assembly on Tuesday approved a drastic cut to the national budget because of the economic impact of months of anti- g overnment unrest. Read More

Hard-hit Venezuelan churches forced to accept plastic for donations

Friday, August, 17 2018    

CARACAS, Venezuela (AFP) — Venezuela's collapsing economy has forced churches and priests to get creative in order to keep their coffers full as four years of recession and a projected one million per cent inflation rate hit everyone hard. Read More

JMMB profit up 56% for Q1

Thursday, August, 16 2018    

REGIONAL financial entity JMMB Group will launch its consumer finance line of business in Trinidad and Tobago later this year as well as increase its number of automated teller machine (ATM) services in Jamaica as part of plans to drive growth. Read More

Lasco pushes for greater share of food drink market

Thursday, August, 16 2018    

Cost controls and strong sales contributed to LASCO Manufacturing Limited (LASM) growth in net profit by 77 per cent for the first quarter of the year. Read More

Qatar promises US$15-B investment in Turkey — presidency

Thursday, August, 16 2018    

Ankara, Turkey (AFP) — Qatar on Wednesday promised to make a US$15-billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic stand-off with the United States, officials said. Read More

Tencent profits drop as China puts squeeze

Thursday, August, 16 2018    

HONG KONG (AFP) — China's Tencent reported a quarterly drop in net income Wednesday amid an apparent regulatory squeeze on the tech giant's online gaming business. Read More



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