Business

New Caledonia Pacific islands to vote on split from France

Sunday, November, 4 2018    

NOUMEA, France (AFP) —New Caledonia, a tiny French territory in the remote Pacific, goes to the polls today to decide whether to seek independence from its rulers on the other side of the world. Read More

US adds 250,000 jobs in October; unemployment rate steady

Sunday, November, 4 2018    

WASHINGTON, United States (AFP) — The US economic engine brushed past last month's Hurricane Michael to continue its robust job creation while giving workers a fat pay bump, the government reported Friday. Read More

Pepperwood moves to eco-friendly packaging

Saturday, November, 3 2018    

WEEKS after the Government announced a ban on styrofoam and single-use plastic bags, Pepperwood says it has started using biodegradable containers. Read More

Matalon inducted to PSOJ Hall of Fame

Friday, November, 2 2018    

Joseph M Matalon, chairman of the ICD Group, was inducted to the Private Sector Organisaton of Jamaica's (PSOJ) Hall of Fame at the Jamaica Pegasus hotel in New Kingston on Wednesday night. Read More

A word on Jamaica's development

Dennis Chung | Friday, November, 2 2018    

These are exciting times for Jamaica and a time which, quite frankly, I never thought I would see. I have always thought about the high growth rate and development of the 1960s, when Jamaica saw most of its infrastructure development, and growth rates averaging six to seven per cent, and... Read More

Central Bank says Barbados to experience negative growth this year

Friday, November, 2 2018    

BRIDGETOWN, Barbados (CMC) — The Central Bank of Barbados (CBB) Wednesday said the island will experience negative growth of 0.25 to 0.75 per cent this year while output next year is forecast to be in the range of 0.5 to one per cent. Read More

Crime and crisis turn Caracas streets dark

Friday, November, 2 2018    

CARACAS, Venezuela (AFP) — Crime and a grinding economic crisis have turned the traditionally vibrant, teeming streets of Caracas into no man's land once the sun goes down. Read More

UN rejects US bid to criticise Cuba and calls for end to embargo

Friday, November, 2 2018    

UNITED NATIONS (AFP) — The UN General Assembly yesterday called for an end to the decades-old US embargo on Cuba, adopting a resolution by an overwhelming majority and rejecting US moves to criticise Havana's human rights record. Read More

SVL READIES TO ROLL IN GUYANA

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, November, 2 2018    

Lotteries company Supreme Ventures Ltd (SVL) has announced that it has entered the build-out phase of its gaming operation in Guyana, with plans to roll out the initiative “in the coming months”. Read More

US slaps 'tough' sanctions on Venezuela, targets gold sector: Bolton

Friday, November, 2 2018    

MIAMI, United States (AFP) — The White House imposed “tough” new sanctions against Venezuela yesterday, denouncing Caracas as being part of a “troika of tyranny” that also includes Cuba and Nicaragua. Read More

Jamaica shows improvement in ease of doing business — World Bank

Thursday, November, 1 2018    

WASHINGTON, United States (CMC) — Several Caribbean countries, including The Bahamas and Jamaica, have recorded improvements in absolute terms on the ease of doing business, indicating that they are getting closer to global best practices in business regulations, according to a new... Read More

CIBC FirstCaribbean, JPS sign US$61-M loan agreement

Thursday, November, 1 2018    

CIBC FirstCaribbean International Bank and Jamaica Public Sevice (JPS) recently signed a US$60.625-million bilateral senior term loan which will support both planned capital expenditure and debt refinancing for Jamaica's sole integrated electric utility company. Read More

Britain eyes Brexit deal by Nov 21—minister

Thursday, November, 1 2018    

London , United Kingdom (AFP) — Britain's Brexit minister believes there could be a divorce deal with the European Union by November 21, it emerged Wednesday, although Downing Street was more cautious. Read More

Black Panther helps Palace Amusement hit $1 billion in revenue

Wednesday, October, 31 2018    

Palace Amusement Company Ltd broke the $1-billion revenue mark for its year ended June 30, 2018 and has credited the increase in sales to Marvel and DC comic series such as Blank Panther, Justice League and other movies like Girls Trip. Read More

VM Wealth launches new unit trust products

Wednesday, October, 31 2018    

Victoria Mutual Wealth Management (VM Wealth), the investment arm of the Victoria Mutual Group, has launched two new unit trust products – VM Wealth International Equity Fund and VM Wealth Money Market Fund. Read More



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