Business

Inflation drops to 2.4% for December

Jamaica's Consumer Price Index (CPI) for the month of December 2018 fell by one per cent, triggering a drop in the country's annual point-to-point inflation rate to 2.4 per cent at the end of December 2018. Read More

GraceKennedy makes changes
GRACEKENNEDY Group CEO Don Wehby has announced changes at the company's senior management level to take effect on April 1, 2019. The changes are part of an ongoing transformation process to streamline the company's structure in alignment with its 100th anniversary objectives. The centennial...... Read More

US warns Cuba, considers
WASHINGTON, United States (AFP) ญญ—US Secretary of State Mike Pompeo warned foreign businesses Wednesday to steer clear of formerly private properties seized by Cuba — and said he was considering allowing lawsuits over such properties in US courts.... Read More

Brazil stock market keeps breaking records under Bolsonaro
SAO PAULO, Brazil (AFP) — Brazil's stock market hit a new record yesterday, breaking through the 95,000-point level in a streak of gains racked up since President Jair Bolsonaro took office at the beginning of the year.... Read More

US stocks boosted by report of possible lifting of China tariffs

Friday, January, 18 2019    

NEW YORK, United States (AFP) — Wall Street stocks climbed for a third straight session yesterday following a report the US could lift sanctions on China while leading bourses in Europe and Asia retreated. Read More

Extreme poverty rises again in Latin America

Friday, January, 18 2019    

SANTIAGO, Chile (AFP) — Extreme poverty in Latin America hit its highest level for nine years in 2017, according to a report by the UN's Economic Commission for Latin America and the Caribbean (ECLAC) published on Tuesday. Read More

It is time to get a credit rating — four compelling reasons

Friday, January, 18 2019    

As we work to advance regional economic growth and unlock new investment opportunities, it is time for Caribbean businesses to rethink their approach to the capital market. Read More

Tax revenues moving up, despite increased threshold — Clarke

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, January, 18 2019    

Despite lifting the income tax threshold from $1 million to $1.5 million in April 2017, the government continues to experience increasing personal income, or Pay As You Earn (PAYE), revenues. Read More

Trend Media to acquire 10% stake in Muse 360's subsidiary

Friday, January, 18 2019    

Trend Media Group, the digital media sales house owned by Digicel Group, has entered into a memorandum of understanding with Muse 360 Integrated Ltd to acquire a 10 per cent stake in its subsidiary. Read More

St Kitts PM defends decision not to make IMF report public

Friday, January, 18 2019    

BASSETERRE, St Kitts, CMC — Prime Minister Dr Timothy Harris Wednesday said his administration is using the option available to it on whether or not to make public the International Monetary Fund (IMF) report on the 2017 Article IV Consultation with St Kitts and... Read More

Why investors are eyeing St Kitts and Nevis in 2019

Friday, January, 18 2019    

This year is looking up for St Kitts and Nevis, following a stellar economic performance last year. Read More

No theatres, no money: Haiti labours to keep cinema alive

Friday, January, 18 2019    

JACMEL, Haiti (AFP) —In the Haitian port city of Jacmel, watching a film is something of a labour of love. Read More

Jamaica mango exports for hot water treatment

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, January, 16 2019    

Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) has begun accepting applications for consultancy services on the design of a mango hot water treatment plant at the Norman Manley International Airport. Read More

Indies Pharma ends year with $120 million in profit

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, January, 16 2019    

Months after listing on the Junior Market of the Jamaica Stock Exchange, Indies Pharma has closed the 2018 financial year with profits of $119.7 million. Read More

MPC lists in Jamaica and Trinidad

Wednesday, January, 16 2019    

MPC Caribbean Clean Energy Fund listed on the Jamaica Stock Exchange on the morning of January 14, the same time as it cross-listed on the Trinidad & Tobago Stock Exchange. Read More



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