Business

Cuba lowers tourism target 15% after US cruise ban

Sunday, July, 14 2019    

HAVANA, Cuba (AFP) — Cuba has revised down by about 15 per cent its forecast for the number of tourists visiting this year, after a US ban on cruise ship stopovers in the Communist island, the g overnment said on Thursday. Read More

Eccentric US millionaire McAfee plans presidential run...from Cuba

Sunday, July, 14 2019    

HAVANA, Cuba (AFP) — After making a fortune with his early antivirus software, then being caught up in murder and drugs cases in Belize, US millionaire John McAfee has now added a new chapter to his tumultuous life story — from a yacht in Havana harbour he says he is running... Read More

Cruise ship arrivals down for 2018

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, July, 12 2019    

THE Planning Institute of Jamaica (PIOJ) in its latest survey report for 2018 has revealed that there was a reduction in both the number of ships and cruise passengers that came to the island last year. Read More

BOJ intervenes in FX market

Friday, July, 12 2019    

The Bank of Jamaica (BOJ) intervened in the foreign exchange market yesterday morning, with an offer of US$30 million sold to authorised dealers and large cambios by means of Bank of Jamaica's Foreign Exchange Intervention and Trading Tool (B-FXITT). Read More

Gov't to invest over $1B in promoting investment in local research

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, July, 12 2019    

The g overnment is injecting well over $1 billion into the economy to encourage entrepreneurs to utilise the product of local research, Minister of Finance and the Public Service Dr Nigel Clarke said Wednesday. Read More

JSE and PIOJ to create framework for social stock market

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Friday, July, 12 2019    

A collaborative effort between the Jamaica Stock Exchange (JSE) and the Planning Institute of Jamaica (PIOJ) to create a framework for social enterprises to be listed on the Jamaica Social Stock Exchange (JSSE) is currently under way. Read More

Trinidad faces ratings downgrade from Standard and Poor's

BY ALEXIS MONTEITH Observer writer | Friday, July, 12 2019    

At a time when Jamaica has a positive outlook, Trinidad and Tobago's sovereign ratings have been downgraded by credit rating agency Standard and Poor's (S&P). Read More

The LAB readies to go public

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, July, 12 2019    

Declaring an intention to float an initial public offering (IPO) on Jamaica's Junior Stock Exchange back in June, The Limners and Bards Limited (The LAB) is indicating that they are finalising plans to open on July 17, 2019. The deal will be brokered by NCB Capital... Read More

Don't buy a dog and bark

BY DENNIS CHUNG | Friday, July, 12 2019    

ONE of the sayings I always tell people, is that it makes no sense to buy a dog and then go out and bark at nights yourself. Or as Steve Jobs put it, “ It doesn't make sense to hire smart people and then tell them what to do; we hire smart people so they can tell us what to... Read More

Zacca appointed chairman of Sagicor Real Estate X Fund

Friday, July, 12 2019    

Christopher Zacca, president and CEO of Sagicor Group Jamaica, has now also been appointed chairman of the Sagicor Real Estate X Fund, effective as of July 11. Read More

Justin Morin leaves Digicel

Abbion Robinson | Friday, July, 12 2019    

Digicel Group announced yesterday that Justin Morin has resigned as chief executive officer (CEO) of Digicel Jamaica, to be replaced by another Jamaican Allison Cole Philbert, effective August 1, 2019. Read More

Government looking at outsourcing some operations at Ian Fleming Airport

Friday, July, 12 2019    

THE Government is exploring the possibility of outsourcing the management of some operations at the Ian Fleming International Airport in Boscobel, St Mary. Read More

6.2 million passengers at Jamaican airports

Friday, July, 12 2019    

Jamaica recorded 6.2 million passenger movements at the island's international airports in 2018. This represents a five per cent increase from the 5.9 million passengers recorded over the corresponding period last year. Read More

Barita's Changing The Game

Friday, July, 12 2019    

For over 40 years, Barita Investments — founded in 1977 by Rita Humphries-Lewin — has held a steady trajectory of growth and development of The Rock's financial sector. Recently, Cornerstone United Holdings Jamaica Limited (CUHJ) joined forces with Barita, so to increase... Read More

Barbados seeking to encourage investments in Guyana

Friday, July, 12 2019    

BRIDGETOWN, Barbados (CMC) — The Barbados Government is seeking to lure local investors to invest in Guyana, which is the world's second-largest stock market, NASDAQ last month named as the fastest growing economy in the world. Read More



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