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


Mahoe Gaming seeks entry into lottery market

Wednesday, May, 20 2020    

Mahoe Gaming Enterprises Limited, a fully Jamaican-owned entity, has applied to the Betting, Gaming & Lotteries Commission (BGLC), for a licence to enter the local lottery market. Read More

GKG reports record first-quarter results

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, May, 20 2020    

The GraceKennedy Group (GKG) has reported increased revenues of $28.85 billion for the first quarter of this financial year. This represents 11.3 per cent or some $2.93 billion more in revenues when compared to the similar period last year. Read More

Companies fear protracted slump: World Economic Forum

Wednesday, May, 20 2020    

LONDON, United Kingdom (AFP) — A prolonged global slump and surge in bankruptcies arising from the coronavirus pandemic are the foremost concerns for companies surveyed in a World Economic Forum (WEF) report yesterday. Read More

UK jobless claims surge almost 70% on coronavirus

Wednesday, May, 20 2020    

LONDON, United Kingdom (AFP) — The number of Britons claiming jobless benefit soared nearly 70 per cent in April to 2.1 million as the coronavirus devastated the labour market, official data showed yesterday. Read More

Australia threatens WTO action as dispute with China deepens

Wednesday, May, 20 2020    

SYDNEY, Australia (AFP) — Australia threatened Tuesday to take China to the World Trade Organiszation to counter a fresh round of punitive sanctions, as the two countries clashed over an investigation into the origins and spread of the coronavirus. Read More

US home building collapses 30% in April amid pandemic

Wednesday, May, 20 2020    

WASHINGTON, United States (AFP) — Construction of new homes plunged just over 30 per cent in April from the previous month, amid the widespread US lockdowns to prevent the spread of COVID-19, according to government data released yesterday. Read More

European, US stocks pull back after Monday rally

Wednesday, May, 20 2020    

NEW YORK, United States (AFP) — European and US stocks retreated yesterday, partly reversing the previous session's rally, as traders banked profits and digested grim indicators about the depth of the economic slowdown. Read More

Walmart profits surge 74% in online sales

Wednesday, May, 20 2020    

NEW YORK, United States (AFP) — Walmart reported increased first-quarter profits yesterday following a surge in e-commerce sales for groceries and essential items from consumers stuck at home due to the coronavirus pandemic. Read More

AT&T quits Venezuela as US sanctions force it to defy Maduro

Wednesday, May, 20 2020    

MIAMI (AP) — AT&T said yesterday it will immediately ditch Venezuela's pay TV market as US sanctions prohibit its DirecTV platform from broadcasting channels that it is required to carry by the socialist administration of Nicolás Maduro. Read More

Ready to move your business online?

With Kerri-Anne Mayne | Wednesday, May, 20 2020    

In an era of social distancing, many businesses have no choice but to change their strategy from bringing the customer to the store, to bringing the store to the customer. Read More

Brick and mortar retail is not dead, it's an experience, say retailers

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Sunday, May, 17 2020    

Despite the accelerated use of existing and new technologies and tools as COVID-19 forces the world to work remotely, some retailers are confident that brick and mortar will still be standing after the threat of the disease has receded. Read More

BOJ wants more applications for mobile payment technology

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Sunday, May, 17 2020    

As economies remain under lockdown and movement restricted as a result of COVID-19, there has been the growing need for more digital payment technology to access services. The Bank of Jamaica (BOJ) has however said that only a few companies are currently authorised to provide some type... Read More

COVID 19 forces JSE to extend deadline for filings of financial statements due this month Requirement for notifying JSE in advance of filing delay

BY DURRANT PATE Observer business writer | Sunday, May, 17 2020    

The Jamaica Stock Exchange (JSE) has extended by 45 days the deadline for filings of annual, audited and quarterly reports due this month by listed companies. Read More

Bellefield Restaurant pivots to face COVID-19 challenge

BY ALEXIS MONTEITH | Sunday, May, 17 2020    

Since the beginning of Jamaica's coronavirus crisis the Bellefield Restaurant and Bar, located on the Bellefield Great House property in Montego Bay, has executed an impressive business pivot that has captured the attention of local consumers. The restaurant has kept... Read More

That darned pandemic!

BY Pamela Lewis | Sunday, May, 17 2020    

So, you bought your investment-grade bond in 2016 when bonds were going for cheap … say at 100. You planned to sell at 115 and make a tidy capital gain of 15 per cent (NB: if you bought 200,000 face value of the bond, this would translate to $30,000 gain). You are on your way to... Read More


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