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Jamaica Observer (Jamaica) 11/17/2019 00:20
Victoria Mutual Investments Limited (VMIL) reported on Wednesday an unaudited net profit of $244.61 million for its third quarter ended September 30, 2019, a 69 per cent increase when compared with the corresponding period last year.Revenues for the period under review totalled $537.27 million, a 52 per cent increase when compared with the $354.10 million recorded in the corresponding period in 2018.
Jamaica Observer (Jamaica) 11/17/2019 00:20
PanJam Investment Limited (PanJam) and Portland Private Equity (Portland) recently announced that they have entered into an agreement to each acquire a 15 per cent ownership stake in Outsourcing Management Limited (OML), which trades as itelbpo.In release last week, Ricardo Hutchinson vice-president of investments at Portland said that his company was thrilled about the partnership as itelbpo is a significant contributor to regional employment.
Jamaica Observer (Jamaica) 11/17/2019 00:20
LONDON, United Kingdom (AFP) — Despite a steady increase in coffee consumption around the world, trade prices have fallen dramatically in the past three years, hitting producers. At the same time, the cost of an espresso or latte remains as full-fat as ever. What's going on?Futures on arabica and robusta, the most widespread varieties of coffee, have fallen 40 per cent since the beginning of 2017 and are now at historically low levels.
Jamaica Observer (Jamaica) 11/17/2019 00:20
Oswald Soutar is a 36 year old deejay in Montego Bay who is known in the entertainment industry as DJ Blu the Jedi. Those who know him personally simply refer to him as Blu. He has pursued his craft since he was a 12-year-old boy living in Kingston and has successfully made a living from his career.
Jamaica Observer (Jamaica) 11/17/2019 00:20
LONDON, United Kingdom (AFP) — Britain's main opposition Labour party on Friday promised free, fast broadband Internet for everyone, in the most eye-catching of a series of big spending pledges ahead of next month's election.Labour said it would bring the parts of telecoms giant BT that deal with broadband into public ownership, as part of a sweeping programme of nationalisations.
Jamaica Observer (Jamaica) 11/17/2019 00:20
The Tourism Workers Pension Scheme, which was approved earlier this year in Parliament, has continued to receive the thumbs up across the pension/retirement landscape.The latest commendations came from the members of the Pension Industry Association of Jamaica (PIAJ), who were guests of the Jamaica Observer's weekly Monday Exchange at Beechwood Avenue, Kingston, on Monday.
Jamaica Observer (Jamaica) 11/15/2019 00:18
GCG Ground, a division of Goddard Enterprises Ltd (GEL), has increased operations in the Caribbean and Latin America with the addition of GCG Ground Services Barbados Ltd.In a release on Wednesday, the company said GCG Ground Barbados will join the growing Caribbean and Latin American team of ground handlers including the Jamaican entity operating as GCG Ground Services Jamaica.
Jamaica Observer (Jamaica) 11/15/2019 00:18
HAVANA, Cuba (AFP) — Spain's King Felipe VI begins an unprecedented visit to Cuba on Tuesday to celebrate the 500th anniversary of the capital Havana at a time of increased tensions between the island nation and the United States.King Felipe is traveling alongside Queen Letizia in the first State visit by a Spanish monarch to the former colony, one of the last to gain independence from Madrid in 1898.
Jamaica Observer (Jamaica) 11/15/2019 00:18
JMMB Bank has announced that that it will be rolling out its Visa debit card commencing December 9. This as the company undertakes a more digital approach in providing its customers with maximised efficiency and increased automation.With the roll-out of the Visa debit card, JMMB Bank CEO, Jerome Smalling, anticipates attracting new clients who want the exceptional client experience provided by JMMB Bank and the value-added services now available.
Jamaica Observer (Jamaica) 11/15/2019 00:18
Jamaican baking company Honey Bun Limited has launched the Honey Bun Foundation, which it says will facilitate the growth of small and medium-sized enterprises (SMEs) and entrepreneurs in the creative industry.The foundation's creator and Honey Bun Chief Executive Officer Michelle Chong indicated that while the foundation will assist all SMEs, there will be special attention given to the creative industry because of its untapped potential for growth.
Jamaica Observer (Jamaica) 11/15/2019 00:18
Bank of Jamaica (BOJ) intervened in the foreign exchange market again yesterday, with an offer of US$20 million to be sold to authorised dealers and large cambios by means of Bank of Jamaica's Foreign Exchange Intervention and Trading Tool (B-FXITT).The move follows two-consecutive days of intervention of a total of US$70 million.

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