Business

IDB provides funds to strengthen national health care system

WASHINGTON, United States (CMC) — The Inter-American Development Bank (IDB) says it is providing US$100 million in loans to Jamaica to help strengthen its national health care system. Read More

Auto titan Ghosn under arrest, faces ouster at Nissan
YOKOHAMA, Japan (AFP) — Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, the firm said yesterday, in a stunning fall from grace for one of the world's best-known businessmen.... Read More

Responding to disruptive trends in energy
Energy storage, distributed energy, renewables and electric vehicles powered by a smart grid are among the main disruptive trends in the global energy sector. Advances in technology and a global call to preserve the environment, combined with consumer demand for more reliable, better...... Read More

Sagicor wins big at AMCHAM Awards
SAGICOR Group Jamaica copped major prizes at the recent American Chamber of Commerce (AMCHAM) Jamaica Business and Civic Leadership Awards ceremony at the Jamaica Pegasus hotel in Kingston.... Read More

God's Lovely Living set to open in Eden

BY ALEXIS MONTEITH Observer writer | Sunday, November, 18 2018    

Five years ago, a Jamaican-born United States citizen, Tyra Channer, received news that her mother had experienced a stroke. The stroke, fortunately, was not severe enough to cost her mother's life but a long period of rehabilitation would be needed for her return to... Read More

Market recap: escaping falling knives

By Marian Ross | Sunday, November, 18 2018    

Asset prices declined: This past week, we observed a broad-based decline in asset prices - both bonds and stocks experienced sell-offs. Read More

Total sets up production hub in Jamaica

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, November, 18 2018    

Months after announcing plans to expand operations in Jamaica, Total Jamaica has set up a production hub on the island from which it is looking to export lubricants across the Caribbean. Read More

Pennycooke heads Curaçao Tourism Development Foundation

Sunday, November, 18 2018    

Former Jamaica Tourist Board (JTB) Director of Tourism Paul Pennycooke is now the CEO and managing director of The Curaçao Tourism Development Foundation. Read More

Returning Cubans boost island's real estate market

Sunday, November, 18 2018    

HAVANA, Cuba (AFP) — In shorts and wearing shoes but no socks, Mauricio Garcia could pass for a tourist as he strolls around Old Havana. But he's as Cuban as a Cohiba cigar, and his return after 16 years abroad is part of the demographic behind Communist-run Cuba's emerging real... Read More

No rebate from JN

Claudienne Edwards | Sunday, November, 18 2018    

Dear ClaudienneI reside in Jamaica. In 2012 I took out a home mortgage with Jamaica National. One of the requirements for getting the loan was that I pay a monthly premium towards the JN Bank Group life insurance scheme that was held with Sagicor Life. Read More

France seizes jet at take-off after Ryanair doesn't pay bill

Saturday, November, 17 2018    

PARIS, France (AP) — Storms, strikes, computer failures — you can now add “your plane has been seized by the g overnment” to the list of things that can delay your flight. Read More

TAJ wants Cornwall Courts residents to settle $40m in property taxes

Saturday, November, 17 2018    

MONTEGO BAY, St James — The Montego Bay Tax Administration Department has disclosed that residents of the Cornwall Courts Housing Scheme in the city owe a hefty sum of roughly $40 million in property taxes. Read More

Salada investing $200 million in coffee pilot project

Friday, November, 16 2018    

Salada Foods Jamaica, known for its flagship instant coffee brand Jamaica Mountain Peak and popular new brands Mountain Bliss 876 and Roast and Ground, is making an advance purchase of 25,000 boxes of local coffee berries which will be processed to green beans, stored and blended into Salada's... Read More

JSE makes bold step towards pioneering social enterprises

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, November, 16 2018    

To the average Jamaican, the Jamaica Stock Exchange (JSE) is all about profits and virtually nothing much to do with social responsibility. Read More

CAC selected for redevelopment project in Barbuda

Friday, November, 16 2018    

As the redevelopment of the island of Barbuda continues since its devastation more than a year ago by Hurricane Irma, Jamaican-based company CAC 2000 Ltd has been selected to join an international engineering team involved in the development of an initial set of... Read More



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