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Business

CAB regards EU's decision to 'blacklist' as unwarranted

Friday, May, 29 2020    

THE Caribbean Association of Banks (CAB) has described the recent decision taken by the European Union (EU) to blacklist some Caribbean countries as unanticipated and unwarranted. Read More

Justin Morin appointed non-executive director of tTech

Friday, May, 29 2020    

Managed IT services and consulting company tTech Limited has appointed Justin Morin as an independent non-executive director of the company, effective May 25, 2020. Read More

PIOJ reports GDP contraction for remainder of this year

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, May, 29 2020    

The Planning Institute of Jamaica (PIOJ) said that in light of the novel coronavirus pandemic it has estimated a gross domestic product (GDP) projection of 0.1 per cent — down from the 0.6 per cent forecast previously held for this fiscal year. Read More

COVID-19 tramples economic growth for April-June quarter

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, May, 29 2020    

The Planning Institute of Jamaica (PIOJ) in its latest review statistics has said that for the April-June quarter the economy could contract by as much as 14.0 per cent as a result of the impacts of the ongoing COVID-19 pandemic. Read More

GraceKennedy finds opportunity in crisis

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Friday, May, 29 2020    

Following the overwhelming interests in opening bank accounts by recipients of the Government's compassionate grants, GraceKennedy Group (GKG) CEO Don Wehby says the group now more than ever is dedicated to its financial inclusion strategy — a system expected to... Read More

ATM and finance security challenges in Jamaica put customers at risk

BY LAYARD TERRERO | Friday, May, 29 2020    

THE unprecedented effects on humanity and the economic impact caused by COVID-19 has raised a multitude of concerns for families and businesses around the world. In Jamaica, debit and credit card skimming fraud is becoming more prevalent. Read More

How to survive and thrive financially amid the pandemic

Friday, May, 29 2020    

The emergence of the novel coronavirus has plunged the world into uncertainty, crippling industrial activity and generating great unpredictability in markets globally. Read More

$2.1-m net loss for Elite Diagnostic's Q3

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Friday, May, 29 2020    

HEALTH service company Elite Diagnostic Limited reported on Friday last an unaudited net loss of $2.1 million for its third quarter ended March 31, 2020, following a net profit of $16 million recorded in the previous corresponding quarter. Read More

Virus-hit Brazil lets Cuban doctors resume work

Friday, May, 29 2020    

BRASILIA, Brazil (AFP) — Brazil re-enlisted more than 150 Cuban doctors Monday to help fight a surge in coronavirus cases a year and a half after Havana ended a medical assistance programme over a row with President Jair Bolsonaro. Read More

Sagicor may distribute PATH and CARE benefit payments via My Cash

BY DURRANT PATE Observer business writer | Wednesday, May, 27 2020    

Sagicor Bank is close to brokering a deal with the Government for using its My Cash prepaid card for the distribution of PATH and CARE benefit payments. Read More

Fontana revenues up but profits down for March quarter

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, May, 27 2020    

Fontana Limited has achieved revenues of $1.17 billion for its third quarter ended March 31, 2020. This represents a 33 per cent increase over the $885.1 million recorded in the previous corresponding quarter. Read More

MICAF spends $650,000 to assist higglers in Annotto Bay under quarantine

Wednesday, May, 27 2020    

The Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) has assisted higglers in Annotto Bay, St Mary, through its Buy-Back Programme, at a cost of $650,000. Read More

Rainforest responds to COVID with new services

BY KELLARAY MILES Businesss reporter milesk@jamaicaobserver.com | Wednesday, May, 27 2020    

Rainforest Seafood has found new and creative ways to connect with consumers and at the same time offload excess supplies and pivot from the challenges brought on by the COVID-19 pandemic. Read More

Sygnus reports increase in investments for third quarter

Wednesday, May, 27 2020    

Private credit investment company Sygnus Credit Investments Limited (SCI) has reported a record third quarter ended March 31, 2020 of investment origination activity. Read More

Personal liability: Company directors governing in times of financial distress

With Jezeel Martin | Wednesday, May, 27 2020    

Since the first positive case of COVID-19 was confirmed in Jamaica in March 2020, it is incontrovertible that the local business community has been significantly impacted by the epidemic. An examination of the varying sectors of the business community may reveal that, for some, business... Read More



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