PanJam gets strong rating in first ever CariCRIS ranking

By |2019-01-16T14:50:38+00:00January 16th, 2019|news|

PanJam Investment has declined to say whether it will raise funds in the short term amid its first-ever rating by regional rating agency Caribbean Information and Credit Rating Services Limited (CariCRIS). "We intend to be rated going forward regardless of our fundraising activities," stated PanJam in response to Financial Gleaner queries on whether the rating [...]

Theresa May faces no-confidence vote after Brexit vote defeat

By |2019-01-16T14:43:41+00:00January 16th, 2019|news|

LONDON (AP) — British lawmakers on Tuesday overwhelmingly rejected Prime Minister Theresa May’s divorce deal with the European Union, plunging the Brexit process into chaos and leading to a no-confidence vote in her government. Moments after the vote, May said it was only right to test whether the government still had lawmakers’ support to carry [...]

Venezuela’s shares in Petrojam being offered for US$100m

By |2019-01-16T14:40:16+00:00January 16th, 2019|news|

A &A Lime Hall Development Limited, a company incorporated in 2004 as a rental service in Montego Bay, St James, has offered PDV Caribe S.A. a subsidiary of Petroleos de Venezuela (PDVSA), US$100 million for its 49 per cent stake in Jamaican oil refinery Petrojam Limited. In a letter dated January 4, 2019, and addressed [...]

Evan Williams builds and launches R Hotel in Kingston

By |2019-01-16T12:10:29+00:00January 16th, 2019|news|

Leading local architect Evan Williams has completed his 10-year odyssey to build an extended-stay hotel. The 48-room hotel is called the R Hotel and is located on Kingston's Renfrew Road. The 57,000 square foot hotel sits on 13,000 square feet and came in at a cost of US$6.5 million. Speaking with Jamaica Observer Williams said: [...]

China’s US trade surplus hit record in 2018 but tariffs bite

By |2019-01-16T12:00:52+00:00January 16th, 2019|news|

Beijing, China (AFP) — China's trade surplus with the United States hit a record high last year but the country's imports and exports fell in December as the long-running trade war begins to bite in the world's number two economy, data showed Monday. The surplus with the US is a major source of anger within [...]

Labour of love?

By |2019-01-16T11:54:02+00:00January 16th, 2019|news|

Alysia White (left), assistant vice president, Sagicor Group Marketing, addresses editors and reporters at Jamaica Observer's Monday Exchange forum at the newspaper's Beechwood Avenue offices yesterday. Also in photo are Christopher Zacca, president and CEO, Sagicor Group Jamaica and international supermodel Stacey McKenzie, Sagicor Sigma Corporate Run patron. (Photo: Joseph Wellington) The Sagicor Sigma Corporate [...]

Help for Hospital

By |2019-01-16T11:36:34+00:00January 16th, 2019|news|

St Andrade Sinclair (third right), CEO of May Pen Hospital, one of the beneficiaries of this year's Sagicor Sigma Corporate Run, addressing yesterday's Jamaica Observer Monday Exchange. Flanking him are (from left) Stacey McKenzie, Jamaican/Canadian fashion model and runway coach, a patron of the event; Christopher Zacca, president and CEO, Sagicor Group Jamaica; Simone Walker, [...]

Dennis Boothe new chair of Commodities Authority

By |2019-01-16T11:29:01+00:00January 16th, 2019|news|

Gusland McCook, acting director general of the Jamaica Agricultural Commodities Regulatory Authority (JACRA), has confirmed that business consultant Dennis Boothe has been appointed chairman of the board of JACRA. JACRA's first chairman, Richard Pandohie, resigned soon after taking the position last year. McCook said that a new board has been named although consisting primarily of [...]

Magnitude 3.4 earthquake felt in several C’bean islands

By |2019-01-16T11:19:26+00:00January 16th, 2019|news|

BRIDGETOWN, Barbados (CMC) — Several countries in the region were rocked by a magnitude 3.4 earthquake early Sunday. The United States Geological Survey (USGS) reports that at 7:29am (local time) the tremor affected the British Virgin Islands, Dominica, St Martin, Sint Maarten, Guadeloupe, Montserrat, Puerto Rico, St Kitts Nevis, US Virgin Islands, Antigua and [...]

Photo Gallery