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Business

Proven reports solid growth in all business lines for third quarter

Proven Investments Limited (PIL) is reporting solid core growth in all its business lines for the quarter ended December 31, 2019. Read More

Styrofoam ban slashes Wisynco's profits
Wisynco Group Limited is reporting a 25 per cent slash in its profit for the second quarter ended December 31, 2019, due to the closure of its styrofoam plant in accordance with the Government's ban on the local manufacture, distribution, and use of expanded polystyrene foam containers.... Read More

NROCC, JUTC and CAP to rack up $18.47 billion in losses for 2020-21
Jamaica's three most financially burdened state agencies will rack up $18.47 billion in losses during the upcoming 2020/2021 fiscal year.... Read More

Finance minister says he will soon provide details on proposed catastrophe bond
Minister of Finance and the Public Service Dr Nigel Clarke says he will provide further details about the proposed catastrophe bond being developed for Jamaica in his budget presentation next month. Dr Clarke made the disclosure while addressing the opening ceremony...... Read More

New Carreras boss wants to consolidate gains made in the new business environment

BY DURRANT PATE Observer Business writer | Sunday, February, 16 2020    

Newly appointed managing director of cigarette company Carreras, Raoul Glynn is promising to consolidate the gains made in tackling the company's three primary imperatives in the new cigarette business environment in Jamaica. Read More

Jamaica's passport maintains rank of 61st in the world

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Sunday, February, 16 2020    

Jamaica's passport is ranked 61st in the world according to the 2020 rankings of the Henley Passport Index, a position it has maintained since 2016. Read More

Tesori Brands opens headquarters in Jamaica

BY ACEION CUNNINGHAM Observer writer | Sunday, February, 16 2020    

MONTEGO BAY, St James - Jewellery manufacturing and distribution company, Tesori Brands was officially launched at a function held recently at the Whitter Village in Montego Bay. At the launch, Tesori Brands also opened its flagship jewellery store, BYTESORI. Read More

Flow taking a cautious approach to 5G technology

Sunday, February, 16 2020    

With concerns about the impending introduction of 5G technology consuming the world, telecommunications firm Flow Jamaica says it is taking a cautious approach to the evolving technology. Read More

Key Insurance board recommends minority shareholders accept Grace buy-out offer

BY DURRANT PATE Observer Business Writer | Sunday, February, 16 2020    

Having carried out an independent assessment of GraceKennedy proposed $2.01 per share purchase of the remaining shares in Key Insurance Company, the board is recommending that minority shareholders accept the offer. Read More

Government says it is committed to safeguarding citrus industry

Sunday, February, 16 2020    

The Ministry of Industry, Commerce, Agriculture, and Fisheries has stated its commitment to safeguarding the citrus industry. This commitment comes with the knowledge that the citrus industry while experiencing challenges of adverse weather conditions and disease... Read More

Development Bank of Jamaica issues calls for proposal

Sunday, February, 16 2020    

The Development Bank of Jamaica (DBJ) is issuing a call for proposal (CFP) to local and international fund managers with the capability of raising matching private capital and undertaking investments in Jamaica's small- and medium-sized enterprises... Read More

Caribbean Development Bank ramps up support to member countries

BY MIGUEL A THOMAS Associate editor thomasm@jamaicaobserver.com | Sunday, February, 16 2020    

President of the Caribbean Development Bank (CDB) Dr Wm Warren Smith told journalists gathered at its headquarters in Bridgetown, Barbados, this week for the annual news conference that the bank wishes to target the strengthening of the governance framework within the countries of the... Read More

Solving pesky pension issues

with Claudienne Edwards | Sunday, February, 16 2020    

Dear ClaudienneI live in the United States and am in receipt of a government pension and I receive my monthly cheques from the Accountant General's Department(AGD).I am now 77 years old and worked with the Jamaican Government in excess of 34 years. Read More

Government allocates $25 million to strengthen Financial Services Commission

Sunday, February, 16 2020    

KINGSTON, Jamaica - An additional $25 million has been earmarked in the 2020/21 Estimates of Expenditure, now before the House of Representatives, to continue institutional capacity strengthening at the Financial Services Commission (FSC) during the next fiscal year. Read More

Fiscal stimulus likely after UK finance minister quits

Sunday, February, 16 2020    

LONDON, United Kingdom (AFP) — UK Finance minister Sajid Javid's resignation on Thursday last (February 13), just a month before he was to deliver Britain's annual budget statement, took the business community by surprise. Read More



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