Business

JPS boss wins CEO of the Year Award at Platts Global Energy Awards in New York

Kelly Tomblin, the president and CEO of the Jamaica Public Service, poses with her award.

PRESIDENT and CEO of the Jamaica Public Service Company (JPS), Kelly Tomblin, Thursday night won the CEO of the Year Award at the 2016 Platts Global Energy Awards, held in New York, USA. Tomblin, who was nominated for the prestigious award for the first time, was the sole female in an outstanding ... Read More

CAMPBELL... it is really done to catch you
CAC warns vendors of unscrupulous same day loan companies
Acting director of communications at the CAC, Dorothy Campbell, in addressing issues that consumers ... Read More

JNBS in Half Way Tree, St Andrew JNBS challenges Western Union for larger slice of remittance pie
Jamaica National Building Society (JNBS), which operates JN Money Services, the owner and operator o ... Read More

Guardian headquarters in Trinidad  NCB puts Guardian takeover on hold for now
In the most recently published financials, the NCB Financial Group Ltd (NCB) indicates that it has c ... Read More

Christmas breeze, or the winds of change

Roger Brown | Friday, December 09, 2016    

Prime Minister Andrew Holness (left) shakes hands with EGC Chairman Michael Lee-Chin after signing the Call to Action last month. (Naphtali Junior)

After nearly a generation of governance, the once-dominant PNP is now a trainwreck, its geriatric leadership on a slippery slope, the vultures circling. Meanwhile, the new administration has embraced a pro-growth agenda even as it strives to meet a seven per cent fiscal surplus target, a goal usually only attained by oil-exporting nations. Public sector transformation, crime compression, justice reform and energy infrastructure are amongst its ambitious agenda items. But beyond the big picture ... Read More

House approves divestment of CTL to Supreme Ventures

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, December 09, 2016    

A view of the winning post at Caymanas Park last year, when Seeking My Dream won the Diamond Mile. (Joseph Wellington)

The House of Representatives passed two bills on Tuesday, facilitating the completion of the divestment of Caymanas Track Limited (CTL) to Supreme Ventures Limited (SVL). The bills establish a regulatory framework to attract and support investment in Jamaica’s horseracing industry, and facilitate the development of Caymanas Track into a modern world-class racing complex. They also facilitate the granting of exclusivity by both the Betting, Gaming & Lotteries Commission and the Jamai ... Read More

JMMB will never be an NCB clone

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Friday, December 09, 2016    

JMMB in New Kingston

As it continues to lay the groundwork for operations of its merchant bank as a new commercial bank, the JMMB Group Limited (JMMBGL) is emphasising that it will never become a clone of the National Commercial Bank — its chief competitor, but also its chief shareholder. It also remains confident that the big banking conglomerate will never execute a takeover of the group, which offers securities brokerage, finance, insurance and other services in Jamaica, Trinidad and the Dominican Republi ... Read More

Britain eyes Central America ties post-Brexit

Friday, December 09, 2016    

A view of Guatemala City, capital of Guatemala 

GUATEMALA CITY, Guatemala (AFP) — As part of Britain’s push to boost international prospects post-Brexit, a junior foreign minister is travelling to Central America and Mexico next week on a trip to emphasise free trade. Joyce Anelay, minister of state under Foreign Minister Boris Johnson, will start off in Guatemala before heading to El Salvador, Honduras and Mexico, the British embassy in Guatemala City said in a statement. “Baroness Anelay will emphasise the United Kingdom ... Read More

After Castro’s death, Raul’s successor waits in the wings

Friday, December 09, 2016    

Cuban Vice-President Miguel Diaz-Canel 

HAVANA, Cuba (AFP) — After burying Fidel Castro, Cuba is 15 months away from seeing his brother, Raul, give up the presidency. For the first time in almost 60 years, the president won’t be named Castro. The man in line for the job is Vice-President Miguel Diaz-Canel, who is relatively young at 56, outside the small circle of guerrilla war veterans and not a family member. The grey-haired Diaz-Canel, who favours jeans or more formal suits and ties, has been a discreet communist part ... Read More

Norwegian and Royal Caribbean get approval for Cuba cruises

Friday, December 09, 2016    

HAVANA, Cuba — In this May 2, 2016 file photo, Carnival’s Fathom cruise line ship Adonia arrives from Miami in Havana, Cuba. (Photo: AP)

NEW YORK, United States (AP) — Norwegian and Royal Caribbean cruises on Wednesday announced that they have received permission from the Cuban g overnment to sail from the US to Cuba. Norwegian Cruise Line Holdings plans sailings on ships from two of its brands, Norwegian Cruise Line and Oceania. Both ships will include port calls in Havana as part of longer Caribbean itineraries. The Marina will sail from Miami on March 7 and Norwegian Sky will begin overnighting in Havana in spring 20 ... Read More

Successful local investors credit workers’ contribution to their success

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, December 07, 2016    

MITCHELL... my staff have strong values.

Mayberry Investments’ recent November monthly investor forum in New Kingston has won credit for allowing three local investors — Howard Mitchell, Harry Maragh and Peter McConnell — the chance to reveal how they successfully manoeured troubled business waters. Maragh, chairman and CEO of Lannaman & Morris Shipping Ltd, and McConnell, managing director of Trade Winds Citrus Ltd, admitted that they worked with their companies before becoming owners, while Mitchell, a lawyer ... Read More

National Baking Company wins Jamaica Observer Business Leader Award from field of eight

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, December 07, 2016    

Chairman of the National Baking Company, Butch Hendrickson (centre) is presented with the Jamaica Observer Business Leader Award for Corporate Philantrophy by the Jamaica Observer Limited Chairman Gordon Butch Stewart (left) and Deputy Chairman and Chief Executive Officer, Adam Stewart at the Jamaica Pegasus Hotel on Sunday. (Joseph Wellington)

THE Jamaica Observer Business Leader Awards on Sunday recognised the National Baking Company for its philanthropic contribution towards the development of the country during the year 2015. Known as one of the premier programmes for recognising excellence in entrepreneurship in Jamaica, the Business Leader Awards 2015 took place at the Jamaica Pegasus Hotel in New Kingston, under the theme ‘Business Leaders Corporate Philanthropy’. Humbled by the recognition, Butch Hendrickson, ch ... Read More

Jamaica’s new social partnership could finally help create the long-awaited prosperity

BY KEITH COLLISTER | Wednesday, December 07, 2016    

Will Jamaica become a Caribbean tiger? (File)

Today, a new social partnership “A partnership for a prosperous Jamaica” will be signed by the government, the private sector, the trade union movement and civil society. Not only is it a clear successor to the partnership for Jamaica agreement which expired in July, it goes well beyond the previous agreement in expanding further the number of partnership committees, and correctly putting some such as EPOC more clearly under the partnership council umbrella. The most important in ... Read More

Hendrickson dedicates Observer Business Leader Award to his staff, customers

Wednesday, December 07, 2016    

Hendrickson...It is most definitely a family affair in the real sense, and it is indeed the National family who needs to take the bow. (Bryan Cummings)

Although the Jamaica Observer Business Leader Award for Corporate Philanthropy was won by National Baking Company, Gary “Butch” Hendrickson admitted that he was humbled by the recognition, but said the honour really belonged to his team and the company’s customers. “None of our philanthropy would be possible without our team’s determination to excel, not only in terms of productivity, but in attitude, social awareness and loyalty. And so, to them, and our customers ... Read More



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