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Business

GenAc launches new insurance package for SMEs

Wednesday, May, 27 2020    

Insurance provider General Accident Insurance (Jamaica) Limited (GenAc) has rolled out a new combined business insurance policy for small- and medium-sized businesses (SMEs). Read More

7 ways to make yourself more employable in a changing world

Wednesday, May, 27 2020    

THE world is changing rapidly and dramatically due to the coronavirus pandemic. We're having to adapt how we live day to day, including how we study and work. Read More

Michel Gantois appointed new JPS CEO

Wednesday, May, 27 2020    

THE Board of Directors of the Jamaica Public Service (JPS) has appointed Michel Gantois as the new president and chief executive officer (CEO) of the company, effective May 31st. Read More

'It's kind of glum': US farmers worry as crop prices dip

Wednesday, May, 27 2020    

MOUNT AIRY, United States (AFP) — Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground. Read More

Macau casino tycoon Stanley Ho dies at 98

Wednesday, May, 27 2020    

HONG KONG, China (AFP) — Stanley Ho, the Hong Kong-born tycoon who made billions transforming neighbouring Macau from a sleepy Portuguese outpost into the world's biggest gambling hub, died on Tuesday at the age of 98, his family said. Read More

NYSE floor reopens as world tries to kickstart post-virus economy

Wednesday, May, 27 2020    

NEW YORK, United States (AFP) — From the floor of the New York Stock Exchange to the Church of the Nativity, numerous iconic world landmarks reopened on yesterday as the global economy eased its way out of lockdown. Read More

IMF head in favour of halted bank dividends and buy-backs

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

AS the world braces itself for a deep recession in 2020, having in place strong capital and liquidity positions to support fresh credit will be essential to economies, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. This, she believes, will... Read More

Italy's 'green corridors' bring in foreign farm workers

Wednesday, May, 27 2020    

ROME, Italy (AFP) — The first group of foreign farm workers, more than 100 Moroccans, arrived in Italy on Friday, via a so-called green corridor allowing them to fly in to help pick the country's ripening crops. Read More

Business conditions worse off now says BOJ report

BY DURRANT PATE Observer business writer | Tuesday, May, 26 2020    

Jamaican businesses are exhibiting a grave lack of confidence in local business conditions according to the latest findings of the Bank of Jamaica (BOJ) Present Business Conditions Index. Read More

Mayberry virtual forum to focus on Caribbean Cement Company

Tuesday, May, 26 2020    

General manager and director at Caribbean Cement Company Limited (CCCL) Yago Castro will be briefing investors and prospects on the company at Mayberry Investments Limited's 2nd virtual investor forum today, Wednesday, May 27. Read More

Business owners urged to adjust to survive

BY KASEY WILLIAMS Observer writer editorial@jamaicaobserver.com | Monday, May, 25 2020    

MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dwyer-Powell and her predecessor Garfield Green have added their voices to those urging entrepreneurs to find new ways of operating in order for businesses to survive the COVID-19... Read More

Economy contracts for March quarter – BOJ

BY DURRANT PATE Observer business writer | Sunday, May, 24 2020    

The Jamaican economy, which has been undergoing a sustained period of growth for the past couple of years, is now showing signs of weakness because of COVID-19 with latest estimates showing a contraction in the range of 1.5 per cent to 2.5 per cent for the March 2020... Read More

Profits down for FosRich

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Sunday, May, 24 2020    

Lighting , electrical and solar energy products company FosRich Limited on Tuesday last posted an after-tax profit of $4.8 million for the three-month period ended March 31, 2020, an 85 per cent decrease when compared with the previous corresponding period. Read More

Lack of licence drives bigger problems

with Claudienne Edwards | Sunday, May, 24 2020    

Dear Claudienne, Read More

JSE responds to challenges related to holding AGMs during COVID-19 restrictions

Sunday, May, 24 2020    

The traditional annual general meeting (AGM) season is underway for companies listed on the Jamaica Stock Exchange (JSE) with a year-end date of December 31, however the measures implemented by the Government to curb the spread of COVID-19 pose significant challenges for said companies... Read More



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