Nearly 2 million Venezuelans flee crisis since 2015 — UN

Friday, October, 5 2018    

GENEVA, Switzerland (AFP) — Nearly two million people have fled Venezuela's economic and political crisis since 2015, the UN said Monday, calling for a “non-political” response to an exodus that is straining regional resources. Read More

Barbados welcomes IMF loan agreement

Wednesday, October, 3 2018    

BRIDGETOWN, Barbados (CMC) — Barbados has welcomed the decision of the International Monetary Fund (IMF) to provide US$290 million under the Extended Fund Facility (EFF) as the island seeks to revitalise an ailing economy. Read More

Sales hot but profits melt for Caribbean Cream

Wednesday, October, 3 2018    

CARIBBEAN Cream Ltd, producer of Kremi ice cream, continued its strong revenue growth in 2017-2018 by increasing sales upwards of 13 per cent — but saw profits decline by $86 million over the period. Read More

MDS looks to sweeten profits with Aldor line

BY KARENA BENNETT Business reporter | Wednesday, October, 3 2018    

Medical Disposables and Supplies (MDS) Ltd has further diversified its offerings with the addition of confectionery products to its consumer division. Read More

Strategic planning critical to business success

ACCA First Ahead — Rev Dr Rakar O Williams | Wednesday, October, 3 2018    

Strategic planning was born in the 1960s and 1970s when the rate of change and levels of uncertainty in competitive markets were low. At this stage the external emphasis was on macro factors, in particular 'PEST': political, economic, social and technological. While planning later became... Read More

Gateway records phenomenal growth in 2017

BY HORACE HINES Observer staff reporter | Wednesday, October, 3 2018    

MONTEGO BAY – President of Gateway Credit Union Lambert Johnson is trumpeting the phenomenal growth that the institution has recorded in loans and other areas which have outpaced the performance of the Jamaica Co-operative Credit Union League last year. Read More

Photos: Carnival Horizon

Wednesday, October, 3 2018    

Tourism Minister, Edmund Bartlett, (second left); President and CEO of the Port Authority of Jamaica, Professor Gordon Shirley (second right); Senior Advisor/Strategist, Tourism Ministry, Delano Seiveright (left); and Executive Director of JAMVAC, Joy Roberts (right) are in good spirits with... Read More

Zimbabwe post-Mugabe's economy to grow by six

Wednesday, October, 3 2018    

HARARE, Zimbabwe (AFP) — Zimbabwe's economy will grow by 6.3 per cent this year, driven mainly by agriculture and mining, the finance minister said Monday as the Government seeks to boost growth after the fall of Robert Mugabe. Read More

Amazon bumps minumum wage to US$15 amid tight labour

Wednesday, October, 3 2018    

WASHINGTON, United States (AFP) — Online retail giant Amazon announced yesterday it would raise its starting wage for US workers to US$15 an hour, amid long-standing criticism of low pay, and advocate for a higher minimum wage nationwide. Read More

The US-Mexico-Canada trade deal: What's under the hood?

Wednesday, October, 3 2018    

WASHINGTON, United States (AFP) — Canada and the United States came in just under the wire late Sunday, announcing a last-minute deal on a revamped trade agreement for North America. Read More

US Fed's Powell: Global growth positive but under pressure

Wednesday, October, 3 2018    

WASHINGTON, United States (AFP) — The global economic outlook remains positive, with instability in just a few emerging markets seeing instability — but is slightly less positive than a few months ago, US Federal Reserve Chairman Jerome Powell said... Read More

Trump helps publishers sell millions of books — both pro and con

Wednesday, October, 3 2018    

NEW YORK, United States (AFP) — Fire and Fury, A Higher Loyalty, Fear : three books about Donald Trump have each sold more than a million copies in the United States, a first that reflects Americans' fascination with their ever-surprising... Read More

Trinidad gov't defends decision to close Petrotrin

Wednesday, October, 3 2018    

PORT OF SPAIN, Trinidad (CMC) — The Trinidad and Tobago government Monday reiterated its position that it was necessary to close down the refinery of the state-owned oil company, Petrotrin, insisting that the company was losing billions of dollars (One TT dollar=US$0.16 cents)... Read More

Cayman welcomes 250th company into special economic zone

Wednesday, October, 3 2018    

GRAND CAYMAN, Cayman Islands (CMC) – The technology-focused special economic zone, (SEZ) Cayman Enterprise City (CEC), says it has welcomed its 250th company into the Cayman Islands. Read More

Namibia follows South Africa with land reform pledge

Wednesday, October, 3 2018    

WINDHOEK, Namibia (AFP) — Namibian President Hage Geingob vowed Monday to push ahead with land redistribution, echoing the Government of neighbouring South Africa, where the issue has become a fierce political battleground. Read More


Today's Cartoon

Click image to view full size editorial cartoon