Business

Caricom secretary general says CSME a 'work in progress'

Saturday, April, 14 2018    

PORT OF SPAIN, Trinidad (CMC) — Caribbean Community (Caricom) Secretary General Irwin LaRocque says while the Caricom Single Market and Economy (CSME) continues to be a work in progress, it is sufficiently advanced to be used more effectively by the regional private... Read More

Commission says Caribbean economies will grow by average 1.4 per cent in 2018

Saturday, April, 14 2018    

SANTIAGO, Chile (CMC) — The Economic Commission for Latin America and the Caribbean (ECLAC) has updated its economic activity growth projections for the region this year, keeping its estimate for average regional expansion at 2.2 per cent, after growing 1.2 per cent last... Read More

St Kitts promotes citizenship programme to Dubai and Hong Kong

Friday, April, 13 2018    

BASSETERRE, St Kitts (CMC) — Prime Minister Dr Timothy Harris is leading a high-level delegation to the Middle East promote the federation's Citizenship by Investment Programme (CBI), according to an official statement issued here. Read More

Cemetery raises hopes of eternal profits

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

In response to requests for cremation and inurnment, burial company Meadowrest Memorial Gardens plans on establishing an above-ground columbarium at its St Catherine-based burial ground with hopes of securing a larger share of the funeral market. Read More

PSOJ supports rationalisation of public bodies

Friday, April, 13 2018    

The Private Sector Organisation of Jamaica (PSOJ) yesterday came out in support of the stated intent of Minister of Finance Nigel Clarke to proceed with the rationalisation of public Bbdies. Read More

NCB Capital Markets raises $11 billion on bond

Friday, April, 13 2018    

NCB Capital Markets Ltd raised upward of $11 billion on its recent bond, which closed on March 26 offering investors a high of six per cent on their investment, surpassing last year's historic $10-billion raise in May. Read More

AI no threat to BPO sector — Epstein

BY HORACE HINES Observer staff reporter hinesh@jamaicaobserver.com | Friday, April, 13 2018    

Immediate past president of the Business Process Industry Association of Jamaica (BPIAJ) Yoni Epstein has sought to allay fears that the emergence of artificial intelligence will be detrimental to the sector. Read More

Raul Castro's reforms in Cuba: A work in progress

Friday, April, 13 2018    

HAVANA, Cuba (AFP) — In 2018, a Cuban can run his own business, surf the Internet and travel abroad with fewer restrictions. Read More

US awards $18.5 billion in recovery grants for Puerto Rico

Friday, April, 13 2018    

SAN JUAN, Puerto Rico (AP) — The US Government announced Tuesday that it will award US$18.5 billion worth of disaster recovery grants to Puerto Rico to help repair homes, businesses and its crumbling power grid as the US territory struggles to recover from Hurricane... Read More

Former St Lucia PM threatens lawsuit over multi-billion dollar project

Friday, April, 13 2018    

CASTRIES, St. Lucia (CMC) — Former Prime Minister Dr Kenny Anthony is threatening to take legal action to force the St Lucia Government to renegotiate a multi-billion dollar investment that critics claim poses serious environmental concerns and would also drive many farmers and... Read More

Panama bans Venezuelan airlines for 90 days

Friday, April, 13 2018    

PANAMA CITY (AP) — Panama on Tuesday prohibited Venezuelan companies from operating flights to Panama in retaliation for Venezuela's diplomatic and trade bans announced last week. Read More

$350-million investment to help Spike for production

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

Spike Industries Limited seems to have brokered an arrangement with the Jamaica Manufacturers' Association to facilitate the company in obtaining up to $350 million in capital over the next three years at an interest rate below five per cent. Read More

Gov't speeds up rationalisation of public bodies

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Thursday, April, 12 2018    

The Government is about to speed up the rationalisation of its public bodies over the next four-six weeks, says new Minister of Finance and the Public Service Dr Nigel Clarke. Read More

Business confidence takes a reality check

Wednesday, April, 11 2018    

POLLSTER Don Anderson yesterday described the latest survey of business and consumer confidence as “a reality check” following a 6.1 index points dip in business confidence. Read More

$100 million for tourism curriculum at schools

BY HORACE HINES Observer staff reporter hinesh@jamaicaobserver.com | Wednesday, April, 11 2018    

In a move geared towards providing certification for the hospitality workforce, the Ministry of Tourism and the Ministry of Education, Youth and Information have agreed to put aside some $100 million to establish a tourism curriculum for secondary schools, starting... Read More



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