Business

Caymanas seeks midweek sweet spot

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, July, 13 2018    

A year after the divestment of Caymanas Golf & Country Club, new operator Caymanas Acquisition Group Ltd (CAG) wants to host more midweek corporate events in an attempt to improve returns from the 141 acre-property in St Catherine. Read More

Alorica and Kingston get honoured for BPO jobs

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, July, 13 2018    

Miro Batista, Business Processing Outsourcing (BPO) investor Alorica Inc's president for Latin American and the Caribbean, has been recognised as the Nearshore Executive of the Year in the 2018 Nexus IlluminateAwards. Read More

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Friday, July, 13 2018    

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JSEZA predicts US$5 billion in investments and 5,000 jobs

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, July, 13 2018    

Chairman of the Jamaica Special Economic Zone Authority (JSEZA), Metry Seaga, says that in just over a year of operation, the authority already has on the ground more than US$500 million in investments in special economic zones (SEZs) and over 5,000... Read More

Thieves plunder headstones as Venezuela's crisis turns grave

Friday, July, 13 2018    

CARACAS, Venezuela (AP) — Grief flooded back for Ivonne de Gutierrez when she brought flowers to her son's grave at a cemetery in Venezuela's capital, only to find that the grave markers of several relatives were gone. Read More

Cuba reauthorises private sector, but with tighter controls

Friday, July, 13 2018    

HAVANNA, Cuba (AFP) — Cuba yesterday reauthorised private businesses after a year-long freeze, but with tighter controls than before on a segment of the economy that now makes up 13 per cent of the Communist island's workforce.The freeze had led to jitters among would-be... Read More

IMF defends Haiti fuel price hikes that sparked unrest

Friday, July, 13 2018    

PORT-AU-PRINCE, Haiti (AP) — The International Monetary Fund stands by its proposal for fuel price hikes in Haiti that sparked four days of unrest in the impoverished country. Read More

Guyana's doors open for Caricom investors

Friday, July, 13 2018    

MONTEGO BAY, Jamaica (CMC) — President David Granger has extended an invitation to Caricom member states to invest in the oil sector and other sectors of Guyana. Read More

CAC 2000 doubles net profit for Q2

Thursday, July, 12 2018    

Air conditioning and engineering company CAC 2000 Limited doubled net profit for its second quarter ended April 30 despite significant increase in expenses related to its recent preference share offer. Read More

Canada coffee chain Tim Hortons to open 1,500 stores in China

Thursday, July, 12 2018    

Montreal , Canada (AFP) — Canadian coffee shop chain Tim Hortons announced Wednesday it will open more than 1,500 branches in China over the next decade. Read More

IMF says Trinidad economy slowly recovering

Wednesday, July, 11 2018    

WASHINGTON DC, United States (CMC) — The International Monetary Fund (IMF) says the economy of Trinidad and Tobago is slowly recovering from a prolonged recession driven by energy supply shocks and low energy prices. Read More

Interest rates slip further in Jamaica; boost for real estate and stocks

Wednesday, July, 11 2018    

Jamaican interest rates are relatively on par with US interest rates in terms of nominal value — with US treasury rates at 1.87 per cent and Jamaican rates slightly higher at 2 per cent — as the Bank of Jamaica chopped interest rates by 20 per cent on June 28 from 2.5 per... Read More

Football's coming home, to UK retailers' delight

Wednesday, July, 11 2018    

SHAFTSBURY, United Kingdom (AFP) — Mike Angell is on a 300-mile (480-kilometre) round trip in his company van, racing to deliver outsized quantities of booze to social clubs and restaurants in time for England's date with World Cup destiny. Read More

Erica Raymond drives sales and growth at Yello Media

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, July, 11 2018    

Erica Raymond may not be the best known female executive in the Caribbean at the moment, but she is certainly highly respected for helping to chip away at that glass ceiling that had blocked the advancement of her sex for so many years. Read More

Caution needed when buying into IPOs

BY DENNISE WILLIAMS Observer writer | Wednesday, July, 11 2018    

“Investors really ought to know what they are buying into when IPOs are being issued, rather than thinking that the price of each IPO can only go in one direction — up.” Read More



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