Business

Stanley Motta considers expansion of General Accident building

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, July, 6 2018    

Stanley Motta Ltd, developer of 58 HWT in Kingston, has opened discussions around the expansion of the General Accident building along with use of the complex for residential purpose as sweeteners to investors looking to purchase shares in its initial public offering. Read More

Inequality drives immigration crisis for Haiti, Dom Rep

Friday, July, 6 2018    

OUANAMINTHE, Haiti (AFP) — Chaos reigns at the Ouanaminthe bridge that separates Haiti and the Dominican Republic, where haphazard checks by border agents and the sight of people avoiding the gate by crossing a river instead are symptomatic of a growing immigration... Read More

FDI in Latin America and the Caribbean falls for third-consecutive year

Friday, July, 6 2018    

MEXICO CITY, Mexico (CMC) — Despite an international context characterised by stronger growth in the global economy, abundant international liquidity, high corporate returns and optimism in financial markets, the flows of foreign direct investment (FDI) in Latin America and the... Read More

Expenses up and income down at FSC for 2015/16

BY ALPHEA SAUNDERS Senior staff reporter saundersa@jamaicaobserer.com | Friday, July, 6 2018    

The Financial Services Commission (FSC) says it recorded a drop of $87.29 million in its total comprehensive income for the 2015/16 financial year, moving from $245.81 million to $158.5 million. Read More

New US citizens gladly take oath, despite toxic debate

Friday, July, 6 2018    

NEW YORK, United States (AFP) — Argenoves Pinales, a 25-year-old medical assistant and restaurant manager working two jobs, is over the moon to become a US citizen. Now he wants to vote Donald Trump out of office. Read More

PHOTO: Celebrating 20 years

Friday, July, 6 2018    

Adrian Stokes (left), president, Scotia Insurance, cuts the Scotia Insurance 20th anniversary cake at the Half-Way-Tree branch of Scotiabank with (from left): Gloria Dodd and William Chong, Scotia Insurance customers for 20 years, and Michelle Lee-Gaynor, Scotiabank Half-Way-Tree branch... Read More

'By 'The Shore' with Chorvelle Johnson, Sagicor Bank CEO'

Friday, July, 6 2018    

Five months in as the new chief executive officer of Sagicor Bank, Chorvelle Johnson hosted clients and team members at an island-chic beach party, “By the Shore,” at the Jewel Dunn's River Beach Resort and Spa last Saturday. Read More

Leaders say CSME requires more than talk shop

Friday, July, 6 2018    

KINGSTON, Jamaica (CMC) — Caribbean Community (Caricom) heads began their 39th Annual Meeting on Wednesday with their newest colleague urging them to allow the integration movement to be owned by the people and to move forward with the Single Market and Economy with haste and... Read More

St Vincent says economic citizenship is no magic wand

Friday, July, 6 2018    

KINGSTOWN, St Vincent (CMC) — Seven months after being appointed Minister of Finance, Camillo Gonsalves has sent a clear message that he will maintain the policy of the ruling Unity Labour Party not to introduce a Citizenship By Investment (CBI) programme in the... Read More

Puerto Rico to sue control board over budget differences

Friday, July, 6 2018    

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor announced yesterday that his Administration will sue a federal control board to resolve a disagreement over two competing budgets that aim to pull the US territory out of an 11-year recession. Read More

Nestlé plans for bigger Jamaican presence

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, July, 4 2018    

Nestlé Jamaica's US$12.5- million investment in the construction of a new corporate office and distribution centre at Ferry Pen, St Catherine, has already raked in returns for the company, so much so that the Swiss company has decided to widen Jamaica's operation to... Read More

SVL boss promises aggressive growth in 2018

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, July, 4 2018    

President and Chief executive officer (CEO) of Supreme Ventures Limited (SVL) Ann Dawn Young Sang is warning competitors that the country's premier gaming company intends to be very aggressive in pursuing the gaming market in 2018. Read More

Indies Pharma to launch IPO this week

Wednesday, July, 4 2018    

Local pharmaceutical distributors Indies Pharma Jamaica Ltd will this week publicly offer a part of its company on the Jamaica Stock Exchange with plans to expand its footprint into the Caribbean market with the funds raised. Read More

Barbados and IMF to begin negotiations this week

Wednesday, July, 4 2018    

BRIDGETOWN, Barbados (CMC) — Barbados has put together a strong negotiating team and is ready to engage in discussions with the International Monetary Fund's (IMF) representatives as of Monday through to July 12. Read More

SSL gains ownership of C2W Music

Wednesday, July, 4 2018    

Stocks and Securities Limited (SSL) has completed the transfer of shares across the Jamaica Stock Exchange (JSE) via block transfer for majority ownership of cash-strapped song publisher C2W Music. Read More



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