Business

Marley Natural eyes Jamaica for ethically grown ganja products

A line up of Marley Natural products

Berrin Noorata, spokesperson for the Marley Natural brand of cannabis products, said the company which recently expanded its footprint in the US is also considering Jamaica for one of its outlets. However, Noorata said the state of legislation in the island will not enable this at the current time ... Read More

MAHFOOD... people want to know there is some sort of resolution mechanism (Bryan Cummings) Calling Daryl is not a proper investment process — Mahfood
Jamaica needs to create a proper mechanism to minimise hurdles to investment and calling Daryl Vaz j ... Read More

The Bank of Jamaica in downtown Kingston BOJ sees Brexit clouds on the horizon
As the time nears when the United Kingdom is expected to invoke Article 50 and begin the steps towar ... Read More

CEO of the Wisynco Group Andrew Mahfood (left) and Director of Sales Halcott Holness confer as they watch smoke billow from the burning warehouse on May 26.                                Revenue up as Wisynco fast-tracks expansion plans
After the devastating fire that destroyed its warehouse, Wisynco is on track to complete its first s ... Read More

Equities deliver returns above 50% in June quarter

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, August 31, 2016    

The Jamaica Stock Exchange in downtown Kingston

For the June 2016 quarter, investments in equities continued to provide greater returns relative to both foreign currency instruments and domestic money market investments, the Bank of Jamaica (BOJ) confirms in its recently issued quarterly monetary policy report (QMPR). Equities offered a return of 63.4 per cent, while GOJ global bonds offered an average monthly return of 14.1 per cent, according to the BOJ report. In addition, the BOJ noted, the average monthly rate of interest in the 30-day ... Read More

BOJ says market responsive to better rates on longer-term USD CDs

Wednesday, August 31, 2016    

The Bank of Jamaica in downtown Kingston

The Bank of Jamaica (BOJ) has issued a new offer of US-dollar (USD) certificates of deposit ranging in tenor from three years to seven years. Meanwhile, the bank notes that the three-year instrument issued in the June quarter at a marginally higher coupon of 2.40 per cent (compared to March quarter) and a 7.5-year instrument at 3.95 per cent (CD) resulted in higher placements by the investing public. Total inflows were not stated. The latest offer, which opened yesterday, will close on Septem ... Read More

ISP Finance floats J$ bond; targets $150m in new funding

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, August 31, 2016    

ISP Finance Services Ltd (ISP), a relatively new entrant to the local stock market, is seeking to raise $150 million by corporate bond, offering investors a return of ten per cent interest per annum over its three-year lifetime. The offer, brokered by Victoria Mutual Wealth Management Ltd, opens on September 1 and closes on September 22. The bonds will mature on September 20, 2019. Interest will be calculated daily and will be paid quarterly. The first payment day is December 20, 2016. The pr ... Read More

New HiLo opens

Wednesday, August 31, 2016    

The recently renovated HiLo Supermarket, Liguanea (Bryan Cummings)

The new HiLo supermarket is now open for business and will distribute items from fresh flowers to a range of ready-to-eat foods. Doors were opened to the public on Monday. GraceKennedy (GK) Limited recently renovated 33,700 sq ft of retail space adjacent to Lane Plaza, Liguanea. The complex will be home to other GraceKennedy subsidiaries including the First Global Bank, Western Union and Bill Express. CEO of GK, Don Wehby, previously told the Jamaica Observer that the budget for renovation w ... Read More

Nominations open for AMCHAM Business and Civic Leadership Awards

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, August 31, 2016    

Chair of Amcham Events and Sponsorship Committee, Novlet Deans (left), with media personality Patria-Kaye Aarons, CEO of Amcham Gail Abrahams and CEO of GB Energy Jamaica, Mauricio Pulido (Michael Gordon)

The American Chamber of Commerce Jamaica (AMCHAM Jamaica) yesterday opened nominations for the 2016 AMCHAM Business and Civic Leadership Awards. The awards programme, now in its seventh staging, seeks to highlight and encourage philanthropy and social responsibility in Jamaica. According to AMCHAM, the goal of the programme is to showcase businesses, individuals and non-profit organisations driving and achieving economic and social progress in Jamaica through ethical leadership, stewardship an ... Read More

Small businesses charged more for credit

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, August 31, 2016    

The Bank of Jamaica in downtown Kingston

As the year progressed towards its midpoint, local lenders decided to increase the rate at which they lend money to the small business sector but offset this with lower rates for medium and large entities. The Bank of Jamaica (BOJ) says in its latest quarterly monetary policy report (QMPR), however, that the credit condition in the local market has never been better, at least since it started a credit conditions survey some two years ago. The BOJ said the easing in the review quarter was drive ... Read More

The 10 commandments of personal finance

with KELLEY REID | Wednesday, August 31, 2016    

NEW YORK, United States — The statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. (Photo: AP)

1. KEEP THY BUDGET HOLY The lack of financial discipline is the reason why these 10 commandments are necessary. Living within your means is hard to do when you confuse the difference between wants and needs. Everyone should create a budget. Personally, I use an Excel sheet every month, using the 60-30-10 rule. The rule states: o 60% of your income should go towards fixed costs: rent, food, utilities and transportation. o 30% of your income should go towards your financial independence: sav ... Read More

Creating powerful brands (Part 1)

Herman Alvaranga | Wednesday, August 31, 2016    

Appleton Estate has created a valuable brand

WHY BRANDS ARE IMPORTANT Harpic toothpaste? Would you buy Harpic toothpaste? Probably not, because Harpic is not toothpaste! How about a chicken sandwich from Red Lobster? Or a Toyota refrigerator? No way! But why? Because that’s not what the brands promise! I do branding. In the course of business, this marketer has met countless people whose designation is brand manager, brand coordinator or brand ambassador. Usually only a few were formally trained in either marketing management or ... Read More

Privacy in the workplace

with Adrian Cotterell | Wednesday, August 31, 2016    

Think twice before sending personal emails on company equipment

Many employees are of the belief that they have a right to privacy in the workplace. Some are of the view that communication sent via their personal email accounts cannot be touched by an employer. Some employers may be uncertain about just how far their right to monitor their employees extends, in addition to whether employees can be sanctioned based on their private communications. Employees inevitably use their employer’s resources, especially the Internet, computers and telephones, f ... Read More

Apple sued over iPhone 6 touch-screen freezes

Wednesday, August 31, 2016    

The Apple logo is illuminated in the entrance to the Fifth
Avenue Apple store, in New York.

/p> SAN FRANCISCO, United States (AFP) - A lawsuit filed in Silicon Valley federal court over last weekend accuses Apple of knowingly selling defective iPhone 6 models with screens that stop responding to touch. Attorneys representing the three Apple smartphone owners named as plaintiffs in the litigation asked that the case be granted class-action status to represent anyone in the United States who has bought an iPhone 6 or iPhone 6 Plus. “This action arises from Apple’s con ... Read More



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