Published:Thursday | July 23, 2015 Jamaica has raised US$2 billion dollars on the international capital market which is to be used to offset its PetroCaribe debt. International news agency, Reuters, reported this afternoon that Jamaica has set final yields on a dual-tranche bond sale after order books swelled to US$4.5 billion today. Jamaica had launched [...]
8:05 am, Wed July 22, 2015 Jamaicans seeking to invest in repos will have to find a minimum of  one million dollars to make that investment. In addition, investors will be able to purchase those repos using US dollars, with the minimum in that currency set at US$10,000. The measure is part of  changes being [...]
6:44 pm, Wed July 22, 2015 Detectives are probing a major medical insurance racket in which Guardian Life has been defrauded of  millions of  dollars. The cops have charged the 35 year old operator of  the Spanish Town Dialysis and Medical Centre, Craig Graham, in connection with the alleged fraud. Graham was charged on the weekend with several [...]
Wednesday, July 15, 2015 KINGSTON, Jamaica – Tax offices and Revenue Service Centres across the island are experiencing a shortage of motor vehicle licence plates. This is according to a release issued by the Tax Administration Jamaica (TAJ) on Wednesday. “This is due to a delay in the delivery of our supplies, as well as [...]
Wednesday, July 22, 2015 A panel of experts and policymakers at the Third International Conference in Ethiopia last week gave the nod to crowdfunding -- where ordinary citizens invest small amounts of money in businesses, social projects or charitable causes -- as a potential source of billions of dollars in financing for developing countries. Jamaica's [...]
THE EDITOR, Sir: The Government has been putting together bailout packages to jump-start Blue Mountain coffee cultivators whose farms were affected by fire in various locations. While the Government should be credited for its responsiveness, the appearance should never be given that it is the safety net or first line of buffer for an industry [...]
BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com Wednesday, July 15, 2015 Anderson…consumers have found some means of fighting through the harsh economic conditions. (PHOTO: ASTON SPAULDING) BUSINESS and consumer confidence for the second quarter remained stable and strong compared to last quarter, and well above the levels of last year. The Jamaica Chamber of Commerce yesterday [...]
IT doesn’t have quite the same ring as the Culture’s 1977 reggae classic Two Sevens Clash, but the end result is more harmonious, when it’s a tale of the two sevens combining — as the world’s seventh largest natural harbour is now the seventh busiest port in the Americas, despite a fall in activity. Port [...]
BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com Friday, July 17, 2015 Chief entrepreneurship officer of Branson Entreprenuership Centre Lisa Lake provides a demo of the online learning platform to Branson Centre official entrepreneur Brian Brown of Live.Wire.Act Richard Branson and Virgin Unite-founded Branson Centre of Entrepreneurship-Caribbean (BCOEC) has launched a non-academic online skills training programme to [...]
ATHENS, Greece — Riot police officers run through fire as anti-austerity protesters throw petrol bombs, during clashes in Athens, Wednesday. Greece has a tentative rescue deal, but relief that it is not falling out of the euro is unlikely to last long: its economy has taken a huge hit. Months of political brinkmanship, uncertainty and [...]
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