Business

Nigeria's new minimum wage: too much to ask?

Wednesday, November, 14 2018    

LAGOS, Nigeria (AFP) —On the campaign trail for re-election in February, Nigeria's President Muhammadu Buhari may have spoken too soon when he backed an initiative to hike his country's minimum wage by a whopping two thirds. Read More

Tax changes coming to Barbados

With Alyssa Chin | Wednesday, November, 14 2018    

Barbados has signalled that as of December 31, 2018, the country will no longer be issuing licences for International Business Companies (IBC) and International Societies with Restricted Liability (ISRL) entities.   Read More

Food ads stir questions in Nigeria about gender roles

Wednesday, November, 14 2018    

LAGOS, Nigeria (AFP) —Adverts in Nigeria depicting career women gleefully juggling their job with kitchen duties have sparked a heated debate about gender roles in the fast-changing society of West Africa's largest economy. Read More

Hong Kong domestic helpers jump in deep end

Wednesday, November, 14 2018    

HONG KONG (AFP) — Every Sunday in Hong Kong the city's army of domestic helpers packs into parks or onto pavements, bridges and walkways on their one mandatory day off. Read More

Mozambique opens US$785 mn Chinese bridge

Wednesday, November, 14 2018    

MAPUTO, Mozambique (AFP) — Mozambique's President Filipe Nyusi opened a Chinese-built bridge in the capital Maputo on Saturday that cost US$785 million, saying it would help link northern and southern Africa. Read More

JN Bank nets $997m in year one

Tuesday, November, 13 2018    

Despite recording a decline in surplus, Chief Executive Officer of the Jamaica National Group Limited, Earl Jarrett, reassured members that the company performed creditably in its first full year of operation as a commercial bank. Read More

Going solar at home and in business

Monday, November, 12 2018    

Renewable energy or 'clean' energy, such as hydro, wind and solar, are rapidly powering their way up the energy agenda and into people's homes and offices across the globe. In fact, growth in clean energy is increasingly seen as unstoppable. Read More

Jamaica, World Bank point to importance of disaster risk management

Monday, November, 12 2018    

Jamaica and the World Bank have highlighted the importance of understanding disaster risks and the need to have a robust financial plan to manage them. Read More

Nestlé says on track to achieve 2020 zero-waste to landfill target

Monday, November, 12 2018    

Nestlé Jamaica says it is on track to achieve its zero waste to landfill target by 2020 at its new South Street Ferry Pen facility. Read More

China's annual shopping frenzy shatters another record

Monday, November, 12 2018    

SHANGHAI (AP) — Online shoppers spent more than US$14 billion within the first two hours of China's annual buying frenzy yesterday, once again breaking records as the consumer tradition enters its 10th year. Read More

NCB eyes top three in the region

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, November, 11 2018    

It came two years later than anticipated but it's nonetheless a milestone for the National Commercial Bank Financial Group (NCBFG), which reported its highest profit in history at $28.6 billion for its year ended September 30, 2018. Read More

Sheree Martin prepares to go off JPS grid

Sunday, November, 11 2018    

Sheree Martin, JPS' senior vice-president (SVP) for business development, has announced her resignation from the energy company, effective November 27, 2018. Read More

Iconic attraction planned for Orange Park, St Thomas

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, November, 11 2018    

Chairman of Orange Park Trust (OPT), William Clarke has announced plans to raise $500 million in equity to fund the dream of the late painter and patriot, Barrington Watson in transforming St Thomas into an iconic attraction. Read More

Old folks tales

By Yanique Leiba-Ebanks | Sunday, November, 11 2018    

Our present financial situations have everything to do with the decisions made in the past. Upon reflection, these are some of the things that were told to me when I was a young investor. I listened to a lot of the advice, although not as much as I would have liked. Read More

Mexican stocks plunge over move to slash bank fees

Sunday, November, 11 2018    

MEXICO CITY, Mexico (AFP) — Mexico's main stock index plunged nearly six per cent Thursday after President-elect Andres Manuel Lopez Obrador's party introduced legislation to dramatically slash the fees banks can charge clients. Read More



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