Business

Huawei raps staff for sending New Year tweet via iPhone

Sunday, January, 6 2019    

SHANGHAI, China (AFP) -- Chinese telecom giant Huawei has punished two employees for posting a New Year greeting on the company's official Twitter account using an iPhone made by arch rival Apple, an internal memo showed. Read More

China dismisses Africa debt fears at start of foreign minister's tour

Sunday, January, 6 2019    

ADDIS ABABA, Ethiopia (AFP) -- Chinese Foreign Minister Wang Yi played down concern over Africa's debts with Beijing on Thursday as he arrived in Ethiopia at the start of a four-nation Africa tour. Read More

China could put reforms on hold to boost economy: analysts

Sunday, January, 6 2019    

BEIJING, China (AFP) — President Xi Jinping hailed China's “reconstructive reforms” in a New Year speech, but the sorely needed changes could be put on ice in favour of averting a potentially devastating economic downturn. Read More

Google moved almost 20 billion

Sunday, January, 6 2019    

THE HAGUE, Netherlands (AFP) — US Internet giant Google used a legal mechanism to transfer almost 20 billion euros from the Netherlands to Bermuda in 2017 for tax purposes, a Dutch newspaper report said Friday. Read More

With Brexit 12 weeks away, uncertainty squeezing UK economy

Saturday, January, 5 2019    

LONDON, England (AP) — With Britain just 12 weeks away from the day it is meant to leave the European Union, one thing is becoming clear — uncertainty over what Brexit will mean is hurting the economy. Read More

Jamaica's trade deficit with Caricom widens to US$350 million

Friday, January, 4 2019    

KINGSTON, Jamaica (CMC) – Jamaica's trade deficit with the Caribbean Community (CARICOM) increased to US$351.2 million during the period January to October last year, according to the figures released by the Statistical Institute of Jamaica (Statin). Read More

Better notice of Treasure Beach flag system needed — Henzell

BY AL EDWARDS Observer writer | Friday, January, 4 2019    

With two young men drowning at Treasure Beach's Frenchman's Bay over the festive season, the Chairman of Jakes Hotel and head of the BREDS Foundation, Jason Henzell, is calling on all swimmers to take better notice of the beach warning flags. Read More

The vicious Devaluation has devastating impact

Friday, January, 4 2019    

PORT-AU-PRINCE, Haiti (AFP) — On the hills of Port-au-Prince, a chaotic jumble of structures stretches ever farther into the distance: Haiti's capital is suffering under the weight of high inflation, endemic corruption and a perilous drop in the value of its... Read More

Cayman Islands on track to surpass 2017 stayover visitation

Friday, January, 4 2019    

GRAND CAYMAN, Cayman Islands (CMC) — The Cayman islands says it welcomed more than 410,000 stayover visitors to the island during the first 11 months of this year. Read More

Currency demand reaches 11-year high

Friday, January, 4 2019    

T he demand for Jamaican notes and coins reached an 11-year high in December 2018, blowing out the Bank of Jamaica's (BOJ) projection of an $18.1 billion increase in demand for the local currency during the festive season. Read More

Guyana Goldfields appoints former US Ambassador as senior VP

Friday, January, 4 2019    

GEORGETOWN, Guyana (CMC) – Former United States Ambassador to Guyana, Perry Holloway, has been appointed Senior Vice-President in charge of Strategy and Corporate Affairs with Guyana Goldfields – the largest gold producing company here. Read More

Entertainment tax goes into effect

Friday, January, 4 2019    

ST JOHN'S, Antigua (CMC) — The Government of Antigua and Barbuda has now implemented a tax on entertainment that was postponed last year. Read More

IMF praises Panama for impressive growth

Friday, January, 4 2019    

Despite slowing in 2018, Panama is expected to remain among the most dynamic economies in the region with strong fundamentals, according to latest data from the International Monetary Fund. Read More

Everything Fresh to acquire local meat company

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, January, 2 2019    

MONTHS after listing on the Junior Market of the Jamaica Stock Exchange (JSE), food importer and distributor Everything Fresh has signed an agreement to acquire a local meat processor. Read More

DBJ calls for private sector support of student entrepreneurs

BY JOSIMAR SCOTT Observer writer | Wednesday, January, 2 2019    

MANAGING director of the Development Bank of Jamaica Milverton Reynolds has made an appeal to the country's business community to support the annual National Business Model Competition (NBMC), an initiative of the bank that facilitates tertiary students developing their business acumen,... Read More



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