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


First Rock declares profit for first quarter as a listed company

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, May, 13 2020    

First Rock Capital Holdings Group on Monday posted its first set of interim financial statements as a publicly listed company on the Jamaica Stock Exchange. Read More

Liquidity remains the key to reopening for business

BY Shelly Ann Mohammed | Wednesday, May, 13 2020    

With the course out of economic lockdown currently being charted and implemented by many Caribbean countries, business continuity plans across a range of sectors have come into sharp focus. Read More

$101.9-million Q1 profit for Mailpac

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, May, 13 2020    

Mailpac Group Limited (MGL) posted on Monday an unaudited, after-tax profit of $101.9 million for its first quarter ended March 31, 2020, an 18 per cent increase when compared with the previous quarter. Read More

The revocation of patents

with PETER GOLDSON | Wednesday, May, 13 2020    

THE rights granted to a patent holder are amongst the strongest of intellectual property rights because they include the monopoly right to utilise or license the patent for a stated term. Read More

Webinar to tackle impact of COVID-19 on island communities

Wednesday, May, 13 2020    

ISLAND Innovation is hosting a free webinar series to discuss and raise awareness of the urgent solutions needed to combat both the short-and long-term impacts of the COVID-19 pandemic on island communities. Read More

Avianca is an 'unfortunate casualty' of COVID-19

Wednesday, May, 13 2020    

MINISTER of Tourism Edmund Bartlett says that Avianca Airlines is an unfortunate casualty of the impact of COVID-19 on the aviation industry, especially in the Caribbean region. Read More

Canadian ganja dreams go up in smoke

BY DURRANT PATE Observer business writer | Wednesday, May, 13 2020    

Jamaica's long delay in promulgating regulations for the commercial export of cannabis has resulted in a Canadian company pulling back on its expansion plans in Jamaica. Read More

CDB's EU-funded standby facility oversubscribed

Wednesday, May, 13 2020    

The Caribbean Development Bank's (CDB's) newest facility funded by the 11th European Development Fund (EDF) is oversubscribed, this based on the overwhelming response it has received from countries in the region. Read More

Multinationals in the time of virus: Who wins, who loses

Wednesday, May, 13 2020    

MILAN, Italy (AFP) — The coronavirus pandemic, set to provoke a severe global recession this year, is hitting multinational companies disproportionately. Read More

Use of express clearance process now mandatory

Wednesday, May, 13 2020    

T he Jamaica Customs Agency (JCA) is advising all importers that, as of May 11, 2020, it will be mandatory to use the express clearance process (ECP) for the processing and clearance of all personal shipments below US$5,000 (to include cost, insurance... Read More

Smokers, industry fuming over South Africa's U-turn on tobacco sales

Wednesday, May, 13 2020    

JOHANNESBURG, South Africa (AFP) — South African smokers rejoiced last month as President Cyril Ramaphosa lifted a ban on tobacco sales imposed as part of draconian measures to fight the coronavirus pandemic. Read More

Indian trains start rolling again despite virus surge

Wednesday, May, 13 2020    

NEW DELHI, India (AFP) — India's enormous railway network tentatively ground back to life yesterday as a gradual lifting of the world's biggest coronavirus lockdown gathered pace even as new cases surged. Read More

Canada offers seniors Can$500 each for pandemic expenses

Wednesday, May, 13 2020    

OTTAWA, Canada (AFP) — Canada announced yesterday a one-time payment of up to Can$500 (US$360) for seniors — who as a group have suffered the most COVID-19 sickness and fatalities —to help defray added pandemic costs of living. Read More

‘Express burials’ cast doubt on Nicaragua’s COVID-19 figures

Wednesday, May, 13 2020    

MANAGUA, Nicaragua (AP) — Roger Ordoņez was hospitalised with breathing problems last week. Read More

Unicomer donates hospital beds valued over $3m

Monday, May, 11 2020    

UNICOMER Jamaica Limited has donated 20 orthopaedic electric hospital beds, valued at more than $3 million, to the Ministry of Health and Wellness to help in the country's response to the novel coronavirus disease (COVID-19) pandemic. Read More


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