Business

JMA says 'country being held at ransom' amid KFT issues

The Jamaica Manufacturers' Association (JMA) is calling for opening hours at the Kingston Freeport Terminal (KFT) to be extended throughout the weekend, following an impasse with haulage contractors which resulted in a major backlog at the port. Read More

Debt as a tool for building wealth

Friday, August, 11 2017    

Warren Buffet, the world's successful investor, has famously said that in pursuit of wealth we should always try to avoid borrowing. But for the average person, is this realistic? Read More

Glencore sees shiny future from electric vehicles

Friday, August, 11 2017    

ZURICH, Switzerland (AFP) — Mining and commodities giant Glencore said yesterday it had bounced back into profit in the first half of the year and the long-term outlook was good as the widespread adoption of electric vehicles would boost demand for raw... Read More

Haiti gives garment workers pay raise short of union demands

Friday, August, 11 2017    

PORT-AU-PRINCE, Haiti (AP) — Haiti has announced a slight minimum wage increase for garment workers that falls well short of their demands, prompting union calls for a strike. Read More

Canada military sets up tents at US border for Haitian refugees

Friday, August, 11 2017    

OTTAWA, Canada (AFP) — The Canadian military began setting up tents near the US border on Wednesday to house a surge of Haitian refugees from the United States. Read More

Tourist arrivals soar in first quarter of

Friday, August, 11 2017    

HAMILTON, Bermuda (CMC) — The Bermuda Tourism Authority (BTA) says visitor arrivals to this British Overseas Territory rose by 14 per cent in the first half of this year, continuing an upward trend. Read More

Cuba orders closure of fast-growing accounting cooperative

Friday, August, 11 2017    

 HAVANA, Cuba (AP) — Cuban authorities have ordered the closure of one of the island's fastest-growing cooperatives, days after announcing that they would stop issuing new permits for some private enterprise. Read More

Cheese please — export markets identified for Jamaican products

Friday, August, 11 2017    

A study conducted by the Commonwealth Secretariat has identified 23 products that could improve Jamaica's export revenue up to US$54 million annually. Read More

Venezuela clamps down on opposition politicians

Friday, August, 11 2017    

CARACAS, Venezuela (AFP) — Venezuela's opposition accused the government yesterday of persecuting their members after a second mayor was sentenced to 15 months in prison. Read More

Energetic JSE passes trillion-dollar mark

BY JOSIMAR SCOTT Observer writer | Friday, August, 11 2017    

MANAGING director for the Jamaica Stock Exchange (JSE), Marlene Street Forrest, yesterday announced that the index's market capitalisation has surpassed the trillion-dollar mark, reasoning that the feat is an indication of growing confidence of investors and private sector in the stock... Read More

US finds Chinese aluminium foil subsidised, slaps duties

Friday, August, 11 2017    

WASHINGTON, United States (AFP) — The US Commerce Department announced Tuesday it was imposing preliminary duties ranging from 16.5 to 81 per cent on aluminium foil imports from China after finding they were subsidised. Read More

Borrowers sceptical, but credit bureau a hit with loan companies

BY JOVANEY ASHMAN Observer writer | Wednesday, August, 9 2017    

Borrowers may be sceptical about the benefits of credit reporting, but the idea has been embraced by several financial institutions, according to Terrence Cooper, CEO of CRIF NM, the country's leading credit bureau. Read More



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