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Local & Regional News

    Jamaica Observer / Jamaica - Wed Nov 20, 2019 02:30 am
    General Accident profit soars
    General Accident Insurance Company Jamaica Limited (General Accident) reported last Friday an unaudited net profit of $192.53 million for the nine months ended September 30, 2019. ...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 02:30 am
    $25.6 million first quarter net loss for SSL Ventures
    SSL Venture Capital Jamaica Limited (SSL Ventures) on Friday (November 15) reported an unaudited net loss of $25.6 million for its first quarter ended September 30, 2019, following...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 02:10 am
    Photo: Fosrich
    (From left) Minister of Science, Energy and Technology Fayval Williams; CEO of FosRich Company Limited, Cecil Foster; CEO, Proven Wealth Ltd (PWL), Johann Heaven; and chairman of t...

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    Jamaica Gleaner / Jamaica - Wed Nov 20, 2019 12:51 am
    FORWARD WITH CHINA - Holness talks up deepening relationship with Chinese as more investments, exports set to flow
    Prime Minister Andrew Holness yesterday revealed that the Chinese government has indicated an interest in rolling out major investments in the Caymanas Economic Zone. Addressing ...

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    Jamaica Gleaner / Jamaica - Wed Nov 20, 2019 12:32 am
    Alpart and trade war weighing on Jamaica - Economy barely grows at 0.3% in September quarter
    The Jamaican economy grew marginally by 0.3 per cent in the September quarter, performance that the Planning Institute of Jamaica, PIOJ, said was impacted by the closure of the Alp...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Gratitude is a must! — Campbell
    Victoria Mutual Building Society (VMBS) Group President and Chief Executive Officer Courtney Campbell expressed his gratitude and appreciation to the company's staff and customers ...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Which to watch? Inflation vs exchange rate
    The Bank of Jamaica (BOJ) and the Government, as a part of the country's monetary policy direction, have taken the decision to focus on inflation targeting instead of foreign exch...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Bolt looks to boost Bolt Mobility in Japan and beyond
    Jamaica's internationally renowned sprint legend and co-founder of Bolt Mobilty, an American firm that seeks to revolutionise transportation through “simple, safe and sustain...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    More than half of Jamaica's registered pension funds inactive
    More than half of the 807 registered pension funds and retirement schemes in Jamaica are inactive with most of them in the process of being wound up.This disclosure was made by exe...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    BOJ holds policy interest rate at 0.5 per cent
    Bank of Jamaica (BOJ) announced yesterday its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent ...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Holland Estate lands to grow produce for school breakfast programme
    Over 2,000 acres of farmland at Holland Estate in St Elizabeth have been purposed to grow produce for the school breakfast programme for students that is being revitalised across t...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Jamaica Customs advises of items no longer requiring licences
    The Jamaica Customs Agency (JCA) is advising the public of the Amended (2019) List of Items, which has been updated in the Automated System for Customs Data (ASYCUDA), no longer re...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Farmers to benefit from expected tourism boom
    Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw is encouraging farmers to position themselves to take advantage of the expected boom in tourism over the next ...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Economy flatlines at 0.3 % cent growth
    The Planning Institute of Jamaica (PIOJ) in its latest review of economic performance has said that the Jamaican economy grew by an estimated 0.3 per cent in the July to September ...

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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Jamaica's first locally owned and operated hemp farm opens next year
    Virtudes Hemp Farm, which has secured a licence to cultivate and manufacture hemp-based products for health and wellness, is to commence operations next year in Westmoreland.The Ja...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    JP Group puts on solid third-quarter performance
    The Jamaica Producers Group (JP), in its third quarter operations is reporting an improved performance over the quarter which has seen them doubling profits to $330 million and in...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Jetcon moves to expand operations with acquisition of adjoining property
    Pre-owned car dealer Jetcon Corporation seems set to expand its operations with the acquisition of an adjoining property to its 2 Sandringham Avenue, Kingston 10 base.While the pu...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Guidelines to branding Jamaica
    With all the recent talk about Brand Jamaica, it seems to be a great pity that the legal protection of Jamaica's national symbols and emblems is so weak....
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    What is Alibaba, China's e-commerce giant?
    SHANGHAI, China (AFP) — Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite for online shopping to becom...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Five things to know about Africa's CFA franc
    ABIDJAN, Ivory Coast (AFP) — The CFA franc, a seven-decade-old currency shared by more than a dozen states in West Africa, has found itself in the spotlight over calls for it...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Many pitfalls in reform of Africa's CFA franc
    PARIS, France (AFP) — Calls to overhaul the West African CFA (Financial Community of Africa) franc, a currency tied to the euro and historically rooted in French colonial rul...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    UK PM, Labour make election pitch to business
    LONDON, United Kingdom (AFP) — British Prime Minister Boris Johnson and Labour Leader Jeremy Corbyn on Monday sought to woo business leaders ahead of next month's election, p...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Ford launches all-electric 'Mustang' SUV
    NEW YORK, United States (AFP) — Ford has unveiled an all-electric Mustang that for the first time affixes the auto's distinctive horse logo to a sport utility vehicle (SUV).T...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    Iran to unblock internet once 'abuse' stops: government
    TEHRAN, Iran (AFP) — The Iranian government said yesterday it will unblock the internet only when authorities are sure it will not be abused during violent demonstrations aga...
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    Jamaica Observer / Jamaica - Wed Nov 20, 2019 12:30 am
    In the deserts of Dubai, salmon farming thrives
    DUBAI, United Arab Emirates (AFP) — From a control room in the middle of Dubai's desert, Norway's sunrises and sunsets and the cool currents of the Atlantic are recreated for...
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International News

    Bloomberg Markets and Finance / USA - Wed Nov 20, 2019 02:08 am
    Egypt Sovereign Wealth Fund CEO Likes Food, Infrastructure, Logistic Stocks
    Nov.20 -- Ayman Soliman, chief executive officer at Egypt Sovereign Wealth Fund, discusses the fund, how big it could get, the Egy...
    CNBC / USA - Wed Nov 20, 2019 02:02 am
    US, China are fighting the 'wrong war' in their trade face-off
    Beijing is unlikely to give in to all the demands from Washington in exchange for the elimination of U.S. tariffs on Chinese exports, Victor Gao from the Center for China and Globalization told CNBC.
    CNBC / USA - Wed Nov 20, 2019 01:55 am
    Morgan Stanley says Apple's stock is 'under owned,' predicts more than 10% upside
    Shares of Apple are currently "under owned" by even the Cupertino-based tech giants top investors, according to one Morgan Stanley analyst.
    CNN Business / USA - Wed Nov 20, 2019 01:53 am
    Alibaba on track to raise $12.9 billion in Hong Kong listing
    Alibaba's highly anticipated Hong Kong debut has a price tag....
    Reuters / USA - Wed Nov 20, 2019 01:31 am
    Alibaba to price shares at HK$176 in landmark $12.9 billion HK listing: sources
    Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close, sources with direct knowledge of the matter said.
    CNBC International TV / USA - Wed Nov 20, 2019 01:30 am
    Alibaba institutional shares to be priced around HK$176 | East Tech West
    CNBC's Arjun Kharpal reports on details of Alibaba's secondary listing in Hong Kong.
    Reuters / USA - Wed Nov 20, 2019 12:36 am
    Alibaba to exercise full retail tranche in Hong Kong listing: sources
    Alibaba has exercised its full retail tranche, from 2.5% to 10%, in its Hong Kong secondary listing, thanks to oversubscription, three sources with direct knowledge of the matter told Reuters.
    Bloomberg / USA - Wed Nov 20, 2019 12:29 am
    Malaysians Do Singapore’s Dirty Work While Foreigners Do Theirs
    CNBC International TV / USA - Wed Nov 20, 2019 12:00 am
    Facebook extremely ambitious to try to become a decentralized central bank, analyst says
    Rae Deng, partner at DU Capital, discusses security concerns around Facebook's proposed libra cryptocurrency.
    Bloomberg / USA - Wed Nov 20, 2019 12:00 am
    LVMH's Bernard Arnault Spends $1 Billion on Department Store

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