Business

VMBS prepares to launch IPO

Victoria Mutual Building Society (VMBS) will float little over 300 million shares or 20 per cent of equity in its subsidiary, Victoria Mutual Investments Ltd on the Jamaica Stock Exchange main market. The company hopes to raise just under $700 million. Read More

Fosrich IPO oversubscribed by $100M
Distributor of lighting, electrical and solar energy products, FosRich Company Ltd, received more than $100 million in surplus applications from its initial public offering on Monday. ... Read More

EU blacklists 17 nations as tax avoidance havens
BRUSSELS, Belgium (AP) — The European Union on Tuesday put 17 non-EU countries on a blacklist of those it deems guilty of unfairly offering tax avoidance schemes.... Read More

Digicel, Flow to meet with CAC over customer complaints
Telecommunication company Digicel on Friday announced that it has made contact with the Consumer Affairs Commission (CAC), after the agency said that it has been bombarded with customer service complaints against the islands two mobile providers.... Read More

Airbnb launches Trips in Jamaica

BY HORACE HINES Observer staff reporter hinesh@jamaicaobserver.com | Wednesday, December, 6 2017    

Tourism Minister Edmund Bartlett is elated that community tourism got a major boost after Jamaica's tourism officials deepened ties recently with Airbnb, the world's largest home lodgings platform. Read More

Jamaica taking a bold and visionary step — Edens

BY ALPHEA SAUNDERS Observer reporter saundersa@jamaicaobserver.com | Wednesday, December, 6 2017    

Chairman and founder of New Fortress Energy, Wesley Edens, has applauded the Jamaican authorities for taking what he believes is a bold and visionary step to diversify the country's energy mix to make it much less dependent on heavy fuel oils. Read More

Shopping for affordable housing? Have a plan!

BY DENNISE WILLIAMS Contributor | Wednesday, December, 6 2017    

In 2018 plans, aquiring a house is a big deal for many people and some may be daunted by the prices of new developments that can actually start at US$135,000 and upward for a one-bedroom apartment. Read More

Dorsey enthusiastic about making a Square investment in Jamaica

BY RICHARD BROWNE Business editor browner@jamaicaobserver | Wednesday, December, 6 2017    

Jack Dorsey, CEO and founder of both Twitter and Square, relishes the idea of opening up an office in Jamaica in the near future. Read More

Jamaica Customs commemorates Anti-corruption Day

Wednesday, December, 6 2017    

The Jamaica Customs Agency (JCA) will be officially commemorating International Anti-corruption Day today at its head office, located at Newport East, Myers' Wharf, Kingston — a precursor to a slew of activities to be undertaken by the agency as part of its... Read More

Ignoring the six fundamentals of marketing

Herman Alvaranga | Wednesday, December, 6 2017    

A RIDICULOUS BOARD EDICTLast week one of my favourite young marketers called me in distress. His company has been achieving annualised revenue growth of about 13 per cent in an industry that is recording four per cent growth. Read More

Make fees a part of your financial planning strategy

BY DENNISE WILLIAMS Contributor | Wednesday, December, 6 2017    

This week our income ideas panel offers the idea that in planning for fees as a part of business life you can recover profitably over time. From business banking to stocks to real estate, the myriad of fees one must pay can add to the initial cost of acquisition, yet,... Read More

From JMMB With All Our Love

Wednesday, December, 6 2017    

In the midst of commemorating the quarter-century mark since its founding, the JMMB Group hosted a festive annual client appreciation reception last Friday inside the Grand Jamaica Suite of the Jamaica Pegasus hotel. Issued invitations from the financial group's Personal Portfolio... Read More

From Trench Town to TV: The business of comedy

BY HANNIFFA PATTERSON Business reporter pattersonh@jamaicaobserver.com | Wednesday, December, 6 2017    

Many know Owen and Ian Ellis — better known as “Blakka” and “Ity”, respectively — as prominent players in the Jamaican comedy industry. Blakka has graced the stage in numerous plays and one-man shows for at least 30 years, while Ity is currently the... Read More

China launches first China International Import Expo

Wednesday, December, 6 2017    

In May 2017, Chinese President Xi Jinping announced at the Belt and Road Forum for International Cooperation that China will host the China International Import Expo starting from 2018. The first expo is scheduled for Shanghai from November 5th to 10th, 2018, according... Read More

Saudi oil minister reaffirms OPEC output squeeze

Wednesday, December, 6 2017    

RIYADH, Saudi Arabia (AFP) — Saudi Energy Minister Khaled al-Faleh said Monday that oil-producing nations could start discussing in June when to raise output, though OPEC is expected to maintain curbs until it clears a global glut. Read More



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