Business

David Smalling, a fast-rising star on Wall Street

SMALLING... at Harvard I managed to get pretty lucky with the advisors that I worked with.

“Considering the political climate, I think I should point out one thing that I think has been crucial to forming who I am, and I can relate this with my friends who went to Campion… In my year at Yale there were three of us ... Growing up the way I did I never really thought about race ... Read More

A view of Savannah-la-Mar, capital of Westmoreland. Change of thought over change of name process
Dear Claudienne: On Tuesday, November 1, 2016, I went to the Savanna-la-Mar branch of the Registrar ... Read More

Wisynco’s new warehouse (Photo: Joseph Wellington) Wisynco’s new warehouse nears completion
Less than a year after Wisynco Group Limited suffered over $2 billion in losses from a fire at its L ... Read More

MATTHEWS... I look forward to positively representing Jamaica Nadeen Matthews named Young Global Leader
Nadeen Matthews, Chief Digital and Marketing Officer for the NCB Group, joins the ranks of a noble ... Read More

Price to head FLOW Jamaica; says building on agreed 2017 strategy a major focus

Thursday, March 23, 2017    

PRICE... plans to build on Flow’s agreed 2017 strategy.

Stephen Price, whose appointment as managing director of Flow Jamaica was announced by the company yesterday, said his immediate focus will be to build on the company’s current agreed 2017 strategy. “We have some significant focus on mobile growth,” Price told the Jamaica Observer yesterday evening. “We have significant growth expected in IPTV... really landing those key projects to ensure that we bring faster speeds across the island in terms of faster broadband and mob ... Read More

MailPac parent company mulls listing on stock exchange

Thursday, March 23, 2017 11:58 AM    

Khary Robinson

KINGSTON, Jamaica — Khary Robinson, executive chairman of Norbrook Equity Partners (NEP), which recently raised $677.25 million via a preference share issue, says the company is considering listing in the medium term. Norbrook, a St Lucia-based holding company with operations in Jamaica and the United States, announced on Monday that it had successfully closed private placement of US$5,250,000 ($677.25 million) indexed redeemable preference shares in the capital of the company to a group ... Read More

Itelbpo donates playground to Blossom Gardens

Thursday, March 23, 2017    

One of the equipment on the playground

MONTEGO BAY, St James - A playground may seem like an ordinary, insignificant structure merely to occupy the time of children for a few hours. But for wards of the state at the Blossom Gardens Child Care Facility in St James, a playground is a place that brings joy, smiles and laughter for many of them who have very little. On a visit to the facility you will notice that there was a recent facelift of the space. With this facelift came the construction of a new playground complete with a gaze ... Read More

Scotiabank confirms upcoming job losses

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, March 22, 2017    

Scotiabank headquarters in downtown Kingston

Scotiabank has confirmed reports that it will cut Jamaican staff as part of its restructuring exercise, but says it is unable to state the exact number at this time. The news comes at a time when the bank has been receiving heavy public critisim for the extent of some of its service charges. Yesterday, president general of the Bustamante Industrial Trade Union (BITU), Kavan Gayle, indicated that close to 100 jobs would be made redundant by the Canadian bank. Reports are that the jobs are bei ... Read More

US dollar investment limits need review — securities dealers

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Wednesday, March 22, 2017    

GOODEN... Jamaica has a sovereign credit rating that is five notches below investment grade

The Jamaica Securities Dealers Association (JSDA) is calling for dialogue around the issue of permissible holdings of US dollar investments. With the central bank indicating last week that it is not ready to lift the five per cent limit placed on insurance companies and pension funds for holdings of foreign-denominated assets, head of the JSDA Steven Gooden told the Jamaica Observer that the problem curtails opportunities to maximise returns. Meanwhile, he is also concerned about the new requi ... Read More

Jamaican happiness slips for 2015-2016 period

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Wednesday, March 22, 2017    

Norway is now ranked as the happiest country.

As the world celebrated the International Day of Happiness on Monday, it was revealed that the level of happiness fell in Jamaica over the 2014-2016 period, according to the United Nations’ World Happiness Report 2017. Jamaica now ranks 76th out of 155 listed countries, between the eastern European nations of Hungary at 75 and Croatia at 77. The country has slipped three spaces since the 2013-2015 period, when Jamaica ranked 73rd in happiness. Meanwhile, the happiest country on Earth is ... Read More

Build Expo & Conference 2017 for MoBay in June

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, March 22, 2017    

Dwight Crawford

A first of its kind, Build Expo and Conference is to be held in Montego Bay June 9-11 to promote the local construction industry and encourage homeownership and property development. The expo, which will emphasise clean, alternative energy solutions and environmentally friendly practices, is the brainchild of Dwight Crawford and will feature keynote speakers from senior levels of the Jamaican Government and celebrated global business leaders, along with presentations on innovative building and ... Read More

Renfrew’s ‘topping out’ signals final stage of New Kingston hotel

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, March 22, 2017    

Minister of Tourism, Edmund Bartlett (second right), pictured with,  from left, Jampro’s President Diane Edwards, architect/investor Evan Williams, and investor Joseph Bogdanovich at the Renfrew Hotel’s Topping Out last Wednesday night..

The practice of “topping out” may be something new to Jamaicans, but certainly not to Josef Bogdanovich, whose cognitive loyalty to the island makes him a genuine hero of local culture. So last Wednesday, despite the distraction of the annual budget debate, Bogdanovich and his partner, the well-known architect Evan Williams, staged a topping out for the new Renfrew Hotel, situated on Renfrew Road, New Kingston, which was probably the first time most Jamaicans were hearing of such a ... Read More

Corned beef distributors to investigate Brazilian meat

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, March 22, 2017    

RIO DE JANEIRO, Brazil — Municipal Sanitary Surveillance workers inspect meat products at a supermarket in Rio de Janeiro, Brazil, Monday. (Photo: AP)

A least two corned beef distributors, GraceKennedy and Lasco Distributors, are conducting their own investigations following directives from the Government to suspend sales of corned beef originating from Brazil. Yesterday the distributors, in responding to the Brazil corned beef temporary ban, said they are in full compliance with directives to immediately withdraw the product from the Jamaican market, but are also sending their quality control team to Brazil to conduct its own investigation ... Read More

Engineer makes case for building up construction training

BY HORACE HINES Staff reporter hinesh@jamaicaobserver.com | Wednesday, March 22, 2017    

WARNER... the building industry needs highly trained people.

Anthony Warner of Canadian-based Virtual Engineers is advocating for the early inclusion of construction work training in the local school curriculum. “...So the training should begin at an early stage and family members, primarily, should be aware that this training is very valuable to the children/students,” the veteran engineer argued. The Jamaican native advised that for the future, instead of perpetuating “the engineers, doctors, lawyers syndrome”, students should ... Read More



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