Business

Red Stripe named Manufacturer of the Year

Red Stripe Jamaica is this year's winner of the Governor General's Award for Manufacturer of the Year (sponsored by EXIM Bank). The award was especially relevant as the Heineken-owned company has recently returned its US-based manufacturing to Jamaica, after temporarily... Read More

Montego Bay Expo 2017 this weekend
The Montego Bay Chamber of Commerce and Industry (MBCCI) will be staging its annual Expo 2017, western Jamaica's largest and most notable trade expo, from Friday to Sunday.... Read More

We have to speed up the Microcredit Act — Shaw
Minister of Finance Audley Shaw has disclosed that at least one commercial bank has threatened to close the accounts of some microfinance institutions on the grounds that the entities are not operating under a regulated sector. ... Read More

Future proofing the Caribbean energy sector
Electricity continues to be one of the most expensive inputs into the manufacturing process as well as a significant cost in the budgets of households in the Caribbean. ... Read More

Exit repurchase agreements, enter private equity

BY DENNISE WILLIAMS Contributor | Wednesday, October, 11 2017    

Investors looking for interest income have had to widen their scope as repurchase agreements are no longer a viable option. Bank savings rates are less than one per cent and for investors who want another option besides bonds, private equity (PE) firms have become an... Read More

Consumer hope over jobs is building

BY KARENA BENNETT Business reporter benettk@jamaicaobserver.com | Wednesday, October, 11 2017    

Jamaica has recorded an all-time high with consumers describing the current availability of jobs as adequate or plentiful, according to a recent business and consumer confidence survey. Read More

Photo: Customer appreciation

Wednesday, October, 11 2017    

(From left) Charmaine Lue-Chen, credit controller of Wisynco; William Mahfood, chairman of Wisynco and Audley and Coleen Seow, business owners of Nez Market Place in Annotto Bay, enjoy the company's customer appreciation event in the north-east of the island last Sunday at Dunn's River in St... Read More

Income ideas — teaching for profits

BY DENNISE WILLIAMS Contributor | Wednesday, October, 11 2017    

What if teaching happened to be a very profitable career path? What if people who want to teach took a different path to earning money that helped them to meet their desired standard of living? Read More

Fast cars and city lights

with CLAUDJA WILLIAMS | Wednesday, October, 11 2017    

As young people, many of us dream of having “the life”. A nice car, our own place free from our parents, and the ability to do and buy what we want when we want it. Read More

Senate passes Agricultural Loan Societies and Approved Organizations Act

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver | Wednesday, October, 11 2017    

Agricultural Loan SocietiesThe Senate passed the Agricultural Loan Societies and Approved Organizations Act, 2017, during its sitting on Friday. Read More

Balloons to help restore Puerto Rico's cell networks

Wednesday, October, 11 2017    

NEW YORK, United States (AFP) — Google's parent company is set to launch balloons into the Caribbean skies in an attempt to restore telephone networks in hurricane-ravaged Puerto Rico. Read More

Wind farms in Atlantic could power the world: study

Wednesday, October, 11 2017    

MIAMI, United States (AFP) — Wind farms in the open ocean can generate far more renewable energy than those on land, possibly enough to power the whole world, said a US study on Monday. Read More

US's Thaler wins Nobel for 'making economics more human'

Wednesday, October, 11 2017    

STOCKHOLM, Sweden (AFP) — US economist Richard Thaler won the Nobel Economics prize on Monday for showing that economic and financial decision-makers are not always rational, but mostly deeply human. Read More

Defiance in Britain over new 1 coin

Wednesday, October, 11 2017    

LONDON, United Kingdom (AFP) — Britain's old one-pound coin is being phased out completely on Sunday, but businesses complain they have been given too little time to switch to the new one and many are planning to defy the deadline. Read More

Tour reveals shady Nigerian cash behind London luxury homes

Wednesday, October, 11 2017    

LONDON, United Kingdom (AFP) — In a bid to expose the murky Nigerian money lurking behind some of London's most high-end properties, anti-corruption campaigners are offering an unusual property tour of the British capital. Read More



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