Playa praises Jamaica for third quarter performance

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Open that door’

THE calls are getting louder from private sector individuals for the Government to start taking steps to mitigate an impending labour crisis that could emerge from the tightening job market with unemployment at a historic low of 4.5 per cent. Businessmen who spoke to the Jamaica Observer on the matter say the issue is becoming […]

FirstCaribbean International Bank rebranding to CIBC

CIBC FirstCaribbean (Photo: Garfield Robinson) CIBC FirstCaribbean International Bank Limited (CIBC FCIB) is planning to rebrand its business to that of its Canadian parent company in the coming financial year (FY) at a time when it is exiting the Dutch Caribbean. CIBC FCIB will adopt the name of its parent and be known as CIBC […]

Shareholders pave way for NCBFG APO

CB Financial Group received approval from its shareholders for an APO. Shareholders of NCB Financial Group Limited (NCBFG) approved all three resolutions at its extraordinary general meeting on Tuesday as the financial conglomerate moves to raise billions in new capital to reduce debt and further bolster its capital. The company can now approach regulators and […]

s ‘It’s an absolute urgency’

CHAIRMAN of the Margaritaville Caribbean Group Ian Dear said the country will have to soon act with “absolute urgency” to address a tightening labour market with imported labour, particularly for entities operating in the hospitality sector, if the recent boom in the tourism industry is to be sustained. Dear, however, added that all avenues to […]

Crime-wary Jamaica sees confidence drops

CONFIDENCE in the economic prospects of the country remained stable amongst business leaders and consumers, but a majority cite crime as a red flag for the nation’s economic outlook. The findings were released in the Jamaica Chamber of Commerce (JCC) Business & Consumer Indices for the third quarter of 2023 under the theme ‘Business in […]

Business social

Jamaica Pegasus hotel in New Kingston, St Andrew, came alive on Wednesday, October 25, 2023 as who’s who in Jamaican business and politics came together to celebrate with businessman Howard Mitchell at the 29th Private Sector Organisation of Jamaica (PSOJ) Hall of Fame Banquet where he was inducted into the PSOJ Hall of Fame. Mitchell […]