Business

JMMB's nine-month profit up 17%

REGIONAL financial entity, JMMB Group, has posted net profit of $3.02 billion for the nine-month period ending December 31, 2018. Read More

Honda to close UK plant in 2022, risking 3,500 jobs — reports
London, United Kingdom (AFP) — Japanese car giant Honda is expected to announce that it will close its plant in south-west England in 2022, putting 3,500 jobs at risk, according to media reports yesterday.... Read More

Cuba eyes Qatar, Algeria for oil with Venezuela in crisis
Havana , Cuba (AFP) — With top ally Venezuela in crisis, Cuba is moving to cover its oil needs elsewhere, seeking possible alternative supplies in Qatar and Algeria, officials said Monday.... Read More

Jamaican entrepreneurs featured in Forbes magazine
Some Jamaican entrepreneurs, leaders and personalities involved in the island's sustainability and renewable energy movement were recently featured in the internationally renowned business magazine, Forbes.... Read More

Mayberry CEO urges athletes to invest for future

Monday, February, 18 2019    

Athletes are being urged to make good investments with their earnings, towards building a strong foundation for their future. Read More

One One Cacao keeps its eye on filling basket

BY ALEXIS MONTEITH Observer writer | Sunday, February, 17 2019    

Several years ago Nick Davis, a BBC correspondent in Jamaica, born in England to Jamaican parents, was considering ideas for a new business venture which he wanted to start in Jamaica. Davis had already made up his mind that he wanted to go into the export business and that he wanted to find a... Read More

Government to publish simplified version of the budget today

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, February, 17 2019    

Starting this fiscal year, the Government of Jamaica will be publishing in both national newspapers t he Citizen's Guide to the Budget starting today. Read More

Compensation for being hit by a taxi

Claudienne Edwards | Sunday, February, 17 2019    

Dear Claudienne I live in rural Jamaica and I am writing to seek assistance from you in regards to an accident that took place in 2014. Read More

Your JPS bond and you

With Eugene Stanley | Sunday, February, 17 2019    

JPS recently announced that it would call (ie repurchase) its 11 per cent 2021 bond at a price of US$101.83 from bondholders on March 5, 2019. Read More

Jamaica Broilers signs agreement with overseas carrier

Sunday, February, 17 2019    

MEMBERS of the Jamaica Broilers Group (JBG) and the United Bulk Carriers (UBC) came together for the signing of a Grain Charter Agreement at the Terra Nova All Suite Hotel on Thursday, February 7, 2019. Read More

Victory or catastrophe? Amazon's pull-out leaves New York divided

Sunday, February, 17 2019    

NEW YORK, United States (AFP) — Thousands of lost jobs or a victory against a monolith: reactions were sharply divided Thursday after Amazon abandoned its plans for a new headquarters in New York. Read More

Prickly pears: 'humble' cactus brings hope to Algeria

Sunday, February, 17 2019    

SIDI FREDJ, Algeria (AFP) — For generations, Algerians like the Gueldasmi family have barely eked out a living growing prickly pear fruits, but thanks to the cactus's new-found virtues their lives are steadily improving. Read More

Taxation in the age of base erosion and profit shifting

BY DIONNIE A HEADLEY | Sunday, February, 17 2019    

THE many changes in the tax landscape are likely to have material impact on businesses and their tax structures. Shareholders will therefore need to give greater consideration to their company structures in order to ensure there are no “perceived abuses” in their... Read More

PROVEN acquires shares in Dream Entertainment

Friday, February, 15 2019    

PROVEN Investments Limited (PIL) has announced the acquisition of shares in the capital of Dream Entertainment Ltd. In its declaration to the Jamaica Stock Exchange, PROVEN noted that its total equity holdings in Dream Entertainment Ltd now stands at 2,500 units which represents 20 per cent of... Read More

Salada sets strategy to improve profit margins

Friday, February, 15 2019    

LOCAL manufacturer of instant coffee products Salada Foods Jamaica Ltd will undertake a three-pronged approach to improve performance for the upcoming fiscal year, after posting a loss of $23 million for the December quarter of 2018. Read More



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