Business

Joong Supermarket expands to include a home centre

With the expansion, Joong Supermarket, Pharmacy and Home Centre in Portmore, St Catherine now employs 80 individuals, most of whom resides in the surrounding communities. Photo: Lionel Rookwood

Family operated Joong Supermarket and Wholesale has been expanded to include a home centre in Portmore, St Catherine. The supermarket chain, which first began operation in Morant Bay, St Thomas, expanded its footprint to Stony Hill, St Andrew and Portmore, St Catherine as the company sought to incr ... Read More

SHAW... the tax performance bears testimony to the soundness of the 1.5. Shaw says fiscal results prove soundness of ‘1.5’ income tax policy
Minister of Finance and the Public Service Audley Shaw says that the country’s tax performance ... Read More

RICHARDS... the combined cost of both properties is close to the total in loans secured in 2016. Kingston Properties buys Spanish Town Road complex
Kingston Properties Limited (KPREIT) this week closed on a new property in Jamaica, a warehouse and ... Read More


Jamaica to host major international tourism conference
Jamaica’s Minister of Tourism Edmund Bartlett signed an agreement on Monday at the Palacio Nep ... Read More

Understanding the root cause of our challenges

Dennis Chung | Friday, January 20, 2017    

Is a traffic ticket worth police effort? 

I have often wondered why we Jamaicans have always been able to recognise our problems but we have never been able to solve them. We constantly pile up study after study, we form multiple commissions to examine the same problem year after year, with maybe a different title and a new set — or a new generation — of people. And so we go along our merry way, having the same problems in 2016 that we had in 1962. Because we are a “bright” and creative people, we always seem ... Read More

PHOTO: Educentres

Friday, January 20, 2017    

East Kingston Member of Parliament, Phillip Paulwell (left), engages Rose-Marie Campbell, Operations Manager of EduCentres, while its Executive Director Richard Shaw watches, during the company’s year-end party at its Gore Business Centre, Upper Waterloo Road offices last month.

East Kingston Member of Parliament, Phillip Paulwell (left), engages Rose-Marie Campbell, Operations Manager of EduCentres, while its Executive Director Richard Shaw watches, during the company’s year-end party at its Gore Business Centre, Upper Waterloo Road offices last month. Read More

Cubans bemoan end of ‘wet foot, dry foot’ immigration policy

Friday, January 20, 2017    

MIAMI, United States — In this January 13, 2017 photo, Luis Alberto Rodriguez, 43, waits for a friend to pick him up from temporary housing in Miami. Photo: AP

MIAMI, United States (AP) — In a hotel room in suburban Miami, Luis Alberto Rodriguez wept when he heard that a government policy granting residency to Cubans who arrive on US soil was ending. That means it could take two years or more before his wife and two children still in Cuba can legally join him here. Rodriguez arrived in Laredo, Texas, on New Year’s Eve, a journey that took him through 10 countries. He had hoped his family would be able to follow shortly afterward, maybe fly ... Read More

Cubans cheer end of US “wet foot, dry foot” policy

Friday, January 20, 2017    

KEY WEST, United States — In this August 26, 1994 file photo, Cuban refugees float in seas, 60 miles south of Key West, Fla. (Photo: AFP)

HAVANA, Cuba (Xinhua) — Cubans welcomed last Friday a White House decision to scrap the so-called “wet foot, dry foot” US immigration policy, which incited some to risk dangerous crossings into the US by water. On the streets of Havana, locals talked about the new measure, which is expected to promote orderly, safe and legal migration by eliminating special treatment for Cuban citizens when they illegally landed in US territory. “Over the years it was a very unfair law, ... Read More

Derrimon delays share buy for takeover offer

Wednesday, January 18, 2017    

Chairman and CEO of Derrimon Trading Derrick Cotterell

Derrimon Trading Ltd (DTL) has issued a takeover offer for the remaining shares in Caribbean Flavours and Fragrances (CFF), advising that it has delayed final payment for shares of the company founders — a previously announced transaction — in order not to “upset the market”. Further, DTL indicates that it does not expect its offer to be taken up by anyone but the principals of the company, Anand James and his wife Dr Joan James, who are reselling all of their remaining ... Read More

Inflation at 45-year low

Wednesday, January 18, 2017    

Jamaican consumers shop in Kingston

THE Statistical Institute of Jamaica (STATIN) has reported that Jamaica’s inflation rate remains at a record low level, and was 1.7 per cent at the end of December. It’s the lowest inflation rate the country has seen in more than 45 years. According to the website Trading Economics, which analyses economic data from more than 196 countries, the inflation rate in Jamaica has averaged 9.79 per cent from 2002 until 2016, reaching an all-time high of 26.49 per cent in August 2008 and a ... Read More

Business and consumers enjoy longest ever period of economic optimism

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, January 18, 2017    

ANDERSON... these surveys have never before recorded as long nor as high a sustained period of economic optimism

Economic confidence among Jamaican firms has increased to an index of 142.0 for the fourth quarter of 2016, up from 139.2 experienced a quarter earlier. Concurrently, consumers, though experiencing a slight dip in confidence from a record high level during the second quarter of 2016, have voiced sustained optimism in the outlook for the economy and income expectations. The increase in business confidence indicates that Jamaica remains at record high levels for all four quarters 2016 than at an ... Read More

More than 300 jobs in the pipeline for Popeyes and Little Caesars

Wednesday, January 18, 2017    

Restaurant Associates opens Little Caesars Pizza and Popeyes in Manor Centre, St Andrew. (Joseph Wellington)

Richard Lake, Chief Executive Officer of Restaurant Associates, says plans are underway for the opening of 10 Popeyes and Little Caesars pizza franchises across Jamaica by year end. Lake, who was speaking at the official opening of the Little Caesars and Popeyes franchise in Manor Centre, St Andrew, on Monday, said the expansion is expected to bring employment to an additional 300 Jamaicans. Based in Michigan, United States, Little Caesars opening in Manor Centre marks the first operation f ... Read More

JWN invests US$6 million in new eco-system

Wednesday, January 18, 2017    

Gruppo Campari CEO, Bob Kunze-Concewitz

Spirits manufacturer, J Wray & Nephew Limited (JWN), has invested a total of US$6 million ($771 million) on what it dubs as an eco-system. The company, which operates from 234 Spanish Town Road, will today give Prime Minister Andrew Holness a tour of its newly established state-of-the-art wastewater treatment facility; an industry-leading solid waste recycling facility; and a 500KW photovoltaic system. The investments were unveiled by Gruppo Campari’s CEO, Bob Kunze-Concewitz. Al ... Read More

ASYCUDA World — Reforming Jamaica Customs

Wednesday, January 18, 2017    

A view of the Statin office in Kingston

The Jamaica Customs Agency (JCA) has re-engineered its business and operating processes towards achieving greater efficiency, with the full implementation of the Automated System for Customs Data, ASYCUDA World, at its various locations at the start of the 2016/17 fiscal year. WHAT IS ASYCUDA WORLD? ASYCUDA is a web-based application that allows clients of the JCA, including Customs brokers and shipping agents, to undertake e-transactions such as the submission of manifests, declarations, pa ... Read More



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