Business News Jamaica: Get the Latest Business News form Jamaica as it happen. check out our website for continually updated from news sources on the web

Business confidence soars to its highest in 13 years

Post Image

JAMAICA’S confidence in the country’s investment climate has reached its highest with 65 per cent of firms reporting that it is a good time to expand their productive capacity to take advantage of the future economic opportunities.The Jamaica Chamber of Commerce (JCC) Conference Board reported that business confidence peaked by 25.2 per cent at the […]

read more

New Year’s Resolution #3: Reduce Debt

Post Image

With Cherryl Hanson-SimpsonThursday, January 22, 2015     If 2014 ended with your finances in a precarious position, then perhaps you have pledged to improve your money situation this year. Since many people don’t keep the resolutions they make at the beginning of a year, what can you do to ensure that you realise your 2015 […]

read more

Forex: J$115.52 to one US dollar

Post Image

Thursday, January 22, 2015 | 5:20 PM     KINGSTON, Jamaica — The US dollar on Thursday, January 22 ended trading at J$115.52, up seven cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.Meanwhile, the Canadian dollar closed at J$93.51, down from J$96.39 while the British pound sterling ended trading at J$174.85 up […]

read more

Goddard expands into printing in Jamaica

Post Image

BY STEVEN JACKSON Business repoter jacksons@jamaicaobserver.com Friday, January 23, 2015     Barbadian-based Goddard Enterprises Ltd aims to set up a digital printery in Jamaica amid increasing its Jamaican currency borrowings for the group to nearly $450 million, financials indicate.It represents one of two new business units set up by Goddard in its 2014 financial year.“The […]

read more

Paulwell reports strong support for renewable energy policy

Post Image

ENERGY Minister Phillip Paulwell says Government’s policy shift on alternative energy, including the provision of incentives, is resulting in greater use of and investments in renewable options.Under the policy, Government is facilitating access to low interest rate loans for businesses and homeowners to enable them to procure renewable energy systems, particularly for solar devices.“We have […]

read more

Petrol price reductions not in line with Petrojam says Consumer Affairs Commission

Post Image

Friday, January 23, 2015 | 1:37 PM     KINGSTON, Jamaica – Petrol prices have been declining at pumps nation-wide, but the majority of the prices “have not been falling in line with Petrojam’s price reduction,” according to the results of a just-released National Petrol Price Survey by the Consumer Affairs Commission (CAC).“The mark-ups gained by […]

read more

Detroit names VW Golf car of the year

Post Image

DETROIT, United States (AFP) — The Volkswagen Golf was named North American car of the year at the Detroit auto show on Monday, while Ford picked up the honours in the truck category.The Golf resisted fierce competition from the Ford Mustang and Hyundai Genesis to take the prestigious award at the North American International Auto […]

read more

T&T revises budget due to lower oil prices

Post Image

Tuesday, January 06, 2015 | 8:16 AM     PORT OF SPAIN, Trinidad — Finance Minister Larry Howai says the Government has “revisited the budget in light of the continuing fall” in global oil prices, but he is leaving the details to be announced by Prime Minister Kamla Persad-Bissessar, who is due to deliver a statement […]

read more

Citigroup selling its Japan retail bank business

Post Image

TOKYO, Japan (AFP) – Citigroup said Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink its consumer business globally.Financial details were not released, but Japanese news reports estimated the deal to be worth about 40 billion yen ($333 million).Under the agreement, Sumitomo […]

read more

New Year’s Resolution #3: Reduce Debt

Post Image

With Cherryl Hanson-SimpsonThursday, January 22, 2015     If 2014 ended with your finances in a precarious position, then perhaps you have pledged to improve your money situation this year. Since many people don’t keep the resolutions they make at the beginning of a year, what can you do to ensure that you realise your 2015 […]

read more