Business

Bolt looks to boost Bolt Mobility in Japan and beyond

Jamaica's internationally renowned sprint legend and co-founder of Bolt Mobilty, an American firm that seeks to revolutionise transportation through “simple, safe and sustainable solutions”, is introducing the mobility company's line of scooters to the Japanese... Read More

Which to watch? Inflation vs exchange rate
The Bank of Jamaica (BOJ) and the Government, as a part of the country's monetary policy direction, have taken the decision to focus on inflation targeting instead of foreign exchange (FX) movement.... Read More

Gratitude is a must! — Campbell
Victoria Mutual Building Society (VMBS) Group President and Chief Executive Officer Courtney Campbell expressed his gratitude and appreciation to the company's staff and customers for helping the company to chart its path of continued success over the last 141 years.... Read More

More than half of Jamaica's registered pension funds inactive
More than half of the 807 registered pension funds and retirement schemes in Jamaica are inactive with most of them in the process of being wound up.... Read More

General Accident profit soars

Wednesday, November, 20 2019    

General Accident Insurance Company Jamaica Limited (General Accident) reported last Friday an unaudited net profit of $192.53 million for the nine months ended September 30, 2019. This represents a 34 per cent increase compared to the previous corresponding... Read More

$25.6 million first quarter net loss for SSL Ventures

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, November, 20 2019    

SSL Venture Capital Jamaica Limited (SSL Ventures) on Friday (November 15) reported an unaudited net loss of $25.6 million for its first quarter ended September 30, 2019, following a net profit of $1.7 million recorded in the corresponding period last year. Read More

BOJ holds policy interest rate at 0.5 per cent

Wednesday, November, 20 2019    

Bank of Jamaica (BOJ) announced yesterday its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum, effective Wednesday, 20 November 2019. Read More

Holland Estate lands to grow produce for school breakfast programme

Wednesday, November, 20 2019    

Over 2,000 acres of farmland at Holland Estate in St Elizabeth have been purposed to grow produce for the school breakfast programme for students that is being revitalised across the parish. Read More

Jamaica Customs advises of items no longer requiring licences

Wednesday, November, 20 2019    

The Jamaica Customs Agency (JCA) is advising the public of the Amended (2019) List of Items, which has been updated in the Automated System for Customs Data (ASYCUDA), no longer requiring import or export licences from the Trade Board Limited (TBL). Read More

Farmers to benefit from expected tourism boom

Wednesday, November, 20 2019    

Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw is encouraging farmers to position themselves to take advantage of the expected boom in tourism over the next two years. Read More

Economy flatlines at 0.3 % cent growth

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, November, 20 2019    

The Planning Institute of Jamaica (PIOJ) in its latest review of economic performance has said that the Jamaican economy grew by an estimated 0.3 per cent in the July to September quarter relative to the corresponding quarter of 2019. Read More

Jamaica's first locally owned and operated hemp farm opens next year

BY DURRANT PATE Observer business writer | Wednesday, November, 20 2019    

Virtudes Hemp Farm, which has secured a licence to cultivate and manufacture hemp-based products for health and wellness, is to commence operations next year in Westmoreland. Read More

JP Group puts on solid third-quarter performance

Wednesday, November, 20 2019    

The Jamaica Producers Group (JP), in its third quarter operations is reporting an improved performance over the quarter which has seen them doubling profits to $330 million and increasing revenues to $5.2 billion. Read More

Jetcon moves to expand operations with acquisition of adjoining property

BY DURRANT PATE Observer business writer | Wednesday, November, 20 2019    

Pre-owned car dealer Jetcon Corporation seems set to expand its operations with the acquisition of an adjoining property to its 2 Sandringham Avenue, Kingston 10 base. Read More

Guidelines to branding Jamaica

With Shaniel May | Wednesday, November, 20 2019    

With all the recent talk about Brand Jamaica, it seems to be a great pity that the legal protection of Jamaica's national symbols and emblems is so weak. Read More



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