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BPOs to create 6000 jobs in the next five years

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9 years ago

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Within the next five years, Business Processing Outsourcing (BPO) companies are expected to create almost 6000 additional jobs locally.

Addressing last week’s official opening of the Sutherland Global Services’ office, Prime Minister Simpson Miller said this will be made possible through a five year expansion plan for 8 of the approximately 40 BPO companies in Jamaica.

Simpson Miller says the BPO industry is a game changer that is creating employment for thousands while generating an estimated US$500 million in revenues annually.

She says the Government is encouraging the continued growth of the industry, through the provision of additional operating space that is being built by the Factories Corporation of Jamaica in the Montego Bay Free Zone and the Portmore Technology Park.

Simpson Miller says the private sector-owned Barnett Tech Park in Montego Bay is also undergoing expansion to attract more companies.

She says the Government “recognizes the outsourcing sector as an important driver of economic development through foreign direct investment, job creation and general business expansion and will continue to provide the enabling environment to facilitate investment”.

The BPO sector currently provides employment opportunities for approximately 17,000 persons with employment in the sector projected at 32,000 by 2020.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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8 years ago

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November 24, 2016

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JSE Online Trading Platform

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8 years ago

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November 24, 2016

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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9 years ago

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July 11, 2016

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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9 years ago

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June 27, 2016

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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9 years ago

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June 27, 2016

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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