Business

Amcham opens nominations for game-changers

Nominations have opened for the 2018 American Chamber of Commerce in Jamaica (AMCHAM) Business and Civic Leadership Awards. Read More

Sears, the once-mighty US retailer, files for bankruptcy
WASHINGTON, United States (AFP) — Sears, an anchor of retail life for generations of Americans, filed for bankruptcy yesterday and said it was closing almost 150 stores, the latest marquee victim of the online era.... Read More

Japan unveils plan to attract more foreign workers
Tokyo, Japan (AFP) — Japan has unveiled a plan to attract more foreign blue-collar workers, as the world's number-three economy battles a crippling labour shortage caused by an ageing and shrinking population.... Read More

Shaw urges farmers to utilise new irrigation technology
Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw has called on farmers to utilise new irrigation technology to improve crop quality and increase production.... Read More

Senate approves new Fisheries Act

Monday, October, 15 2018    

A new Fisheries Act, aimed at further safeguarding the local sector, was passed in the Senate last Friday. Read More

Get used to a flexible exchange rate

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, October, 14 2018    

CANADA-based Chief Investment Strategist, Myles Zyblock, reckons that Jamaican companies should get more in tune with hedging programmes to mitigate unexpected movements in the local currency in accordance with first-world countries. Read More

Mayberry Jamaican Equities grows assets base

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, October, 14 2018    

Mayberry Jamaican Equities (MJE) managing director, Natalie Augustin, has reported revenues of $6.76 billion, in total comprehensive income for the 9-month period which ended September 30, 2018 Read More

$21,000 in fees to discharge a mortgage

Sunday, October, 14 2018    

Dear Claudienne: Read More

House gets update on self-financing public bodies' performance

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, October, 14 2018    

THE group of government-owned self-financing public bodies (SFPBs) recorded an overall balance surplus of $9,974 billion (budgeted surplus: $1,498.8 billion) during the first quarter of financial year 2018/19. Read More

Important market update and opportunities

BY MARIAN ROSS | Sunday, October, 14 2018    

Amplified trade tensions between the US and China and increasing interest rates in the USA have been blamed for the widespread sell-off observed in developed and developing markets last week. With the exception of the Jamaican and Brazilian Stock markets, most asset prices were lower week on... Read More

Wisynco pumps $300M in gas plant

Sunday, October, 14 2018    

Wisynco Group Ltd (Wisynco) has announced plans to pump $300 million in the construction of a two-megawatt energy plant at its Lakes Pen property in St Catherine. Read More

Clarke explains extra $2.5B for JUTC in supplementary budget

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, October, 14 2018    

SINCE the beginning of 2018/19, the Jamaica Urban Transit Company (JUTC) has made four separate requests to the Ministry of Finance and the Public Service for additional financial support. Read More

US stocks finish solidly up after volatile session; Dow +1.1%

Sunday, October, 14 2018    

NEW YORK, United States (AFP) — Wall Street stocks ended a topsy-turvy session solidly higher on Friday, winning back some of the losses from a two-day rout. Read More

Jetliner lands in US after world's longest flight

Sunday, October, 14 2018    

NEW YORK, United States (AFP) — An Airbus jetliner arrived in Newark on Friday after a nearly 18-hour trip from Singapore, completing the world's longest commercial flight.It marked the revival of a route that had been eliminated in 2013. Read More

Motley pleased with fiscal improvements

Friday, October, 12 2018    

BRIDGETOWN, Barbados (CMC) — The Barbados government says the island's foreign reserve has improved over the past four months and there are signs that the prospects for a better economic situation are gaining momentum. Read More



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