Wilson: Business growing, despite bad first quarter for iCreate

Gleaner on May 22nd, 2019 | File Under Business News -

Newly listed training company iCreate Limited reported flat revenue at $12 million for the first quarter ending March, which lag projections when annualised. The company, which listed on the junior stock market in February, says, however, that it…

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SCJ begins compensating farmers for Bernard Lodge holdings

Gleaner on May 22nd, 2019 | File Under Business News -

SCJ Holdings Limited, the state company that controls the Bernard Lodge Estate in St Catherine, has compensated nine farmers who are to be relocated and is promising to accelerate payment to others. That update from SCJ Holdings Chairman Joseph…

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BOJ cuts interest rate to 0.75% as stimulus - Private-sector credit growing, but not enough to satisfy Governor Wynter

Gleaner on May 22nd, 2019 | File Under Business News -

Credit extended to private-sector businesses and households grew by 15.2 per cent over the 12 months to March 2019, higher than the 13.4 per cent observed at December 2018 and the 13.8 per cent at March 2018. However, Bank of Jamaica (BOJ) Governor…

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EPOC endorses NIDS - Wants ‘game-­changing’ ­system implemented

Gleaner on May 22nd, 2019 | File Under Business News -

The Economic Programme Oversight Committee, EPOC wants the Jamaican Government to stay focused on plans for the implementation of national identification system NIDS, inflation targeting and foreign exchange hedging. The recommendations come as…

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Mexico calls for regional development to address immigration

Gleaner on May 22nd, 2019 | File Under Business News -

A United Nations commission on Monday presented a road map to boost economic development in three Central American nations whose poverty and violence now push desperate migrants to travel across Mexico to the United States. The plan calls for hefty…

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BUSINESS BRIEFS Sagicor Jamaica launches life insurance sales platform

Gleaner on May 22nd, 2019 | File Under Business News -

Sagicor Life Jamaica has launched a new online platform, called eLife, which allows Jamaicans to purchase insurance from home or office. The service, which Sagicor says is the first such insurance sales platform regionally, promises review of…

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Royal Caribbean cruise line rivals Broadway with 50 theatres

Gleaner on May 22nd, 2019 | File Under Business News -

In a nondescript building in North Miami, two dozen dancers in bouncing yellow skirts are high kicking the can-can, aerialists are spinning perilously high from silk cords and frantic seamstresses are hemming outfits in a 20,000 square-foot costume…

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OPIC touts renewed focus on development financing

Gleaner on May 22nd, 2019 | File Under Business News -

A new push by the Overseas Private Investment Corporation (OPIC) to issue development loans to businesses in Jamaica will focus on energy, water and construction. The American agency is looking to rekindle its relationships with Jamaican business…

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VXI building communities through charities (Advertorial)

Gleaner on May 21st, 2019 | File Under Business News -

VXI wants to be an active corporate citizen providing assistance to people in need. “VXI has been involved in communities we have a presence in, and we want to do the same in Jamaica. This is not a one-time activity; we also view this as a…

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Impossible Foods debuts meatless sausage

Gleaner on May 21st, 2019 | File Under Business News -

Plant-based burger maker Impossible Foods is debuting its second product – meatless sausage crumbles – on Little Caesars pizza. Little Caesars started testing the Impossible Supreme Pizza on Monday at 58 restaurants in Fort Myers, Florida; Yakima,…

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