Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com


Manufacturing and distribution sector withstands COVID-19 fall-off in earnings for the March quarter

Despite the disruption to business activity caused by the novel coronavirus pandemic, the manufacturing and distribution sector had a relatively better March quarter than others did. Read More

ATL Automotive to host first online car auction
The ATL Automotive Group is set to host the first-of-its-kind digital car auction later this month, showcasing more than 150 pre-owned and new models from a wide range of styles with a starting price of $1 million.... Read More

Is 'Work from Home' here to stay?
AS of June 1, 2020, the Government's general “work from home” COVID-19 order expired and has been replaced with what has been coined a “work smart, work safe” order. The Prime Minister (PM) has also urged that employees should be allowed to work from wherever they...... Read More

Big changes coming at Digicel
Major changes are coming to the operations of regional telecommunications giant Digicel, which has entered into a joint venture agreement in the French Caribbean and is reportedly considering selling its Papua New Guinea business.... Read More

Sagicor to pay dividends to shareholders with shareholdings under 1%

Wednesday, June, 3 2020    

ON Monday, financial conglomerate Sagicor Group Jamaica Limited announced that it will begin to pay dividends to shareholders holding one per cent or less of issued shares, as at April 24, 2020, on June 11 following approval from the Bank of Jamaica (BOJ). Read More

Six steps for flexible post-crisis planning in uncertain times

BY CLIVE WEBB | Wednesday, June, 3 2020    

PLANNING their recovery from the current situation is an activity that organisations need to focus on. The situation will, however, remain fluid for many months to come and any planning needs to reflect the attendant degree of uncertainty. Read More

IDB's Therese Turner-Jones on why Estonia's digitisation experience is relevant to Jamaica in the post-COVID-19 world

BY KEITH COLLISTER | Wednesday, June, 3 2020    

LAST year, IDB regional Caribbean head Therese Turner- Jones took six Caribbean ministers of information on a trip with her to visit the Baltic nation of Estonia. Even smaller than Jamaica at 1.3 million people, and with no natural resources other than forests, Estonia has become a... Read More

Protocols to reopen tourism industry under review

Wednesday, June, 3 2020    

Tourism Minister Edmund Bartlett says protocols to facilitate the reopening of the tourism industry have been drafted and are under review by the health ministry. Read More

Sagicor on 50 years and counting

Wednesday, June, 3 2020    

On Monday, insurance and financial services conglomerate Sagicor, formerly Life of Jamaica (LOJ) Limited, celebrated 50 years of operation — marking a significant milestone as a company which has had to undergo several transformative changes — much of which... Read More

#BlackoutTuesday for major companies in the US

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, June, 3 2020    

YESTERDAY many major players in the business arena stood in solidarity with the 'Black Lives Matter' movement by posting the hashtag BlackoutTuesday on their company websites and social media accounts, signalling a pause in business activities for the day. Read More

South Africa's competition watchdog sues banks accused of forex rigging

Wednesday, June, 3 2020    

JOHANNESBURG, South Africa (AFP) — South Africa's competition watchdog said yesterday it had filed new charges against 23 local and international banks for alleged foreign currency price-fixing. Read More

Cool breeze for Allman Town

By Howard Walker Senior staff reporter walkerh@jamaicaobserver.com | Monday, June, 1 2020    

Residents of the central Kingston community of Allman Town should be much cooler these days following the donation of more than 1,000 fans worth millions of dollars by Reggae Breeze in conjunction with SmartEco. Read More

Business unusual for BPOs in the COVID-19 aftermath

Gloria Henry | Monday, June, 1 2020    

While the world collectively prepares to reopen its doors and ports, business unusual is the new normal. Read More

COVID-19 screening online platform to be launched soon

Monday, June, 1 2020    

MDLink, which offers online medical services via video, voice, or text messages, will be rolling out an artificial intelligence novel coronavirus screening online platform in collaboration with the IDB Lab, for members of the public. Read More

Sagicor's Millennium Mall off to slow start

BY DURRANT PATE Observer business writer | Sunday, May, 31 2020    

Sagicor's $2.3-billion-dollar Millennium Mall development project on the outskirts of May Pen, Clarendon, has been hit hard by COVID-19, which is being blamed for the low occupancy levels being experienced. Read More


Today's Cartoon

Click image to view full size editorial cartoon