Mon | Oct 22, 2018

Stories by McPherse Thompson

Published:Sunday | October 7, 2018 | 12:00 AMMcPherse Thompson

The capital markets unit of Sagicor Investments Jamaica Limited has raised and disbursed more than $1 billion in a bond offering it began in the third quarter of this year, the proceeds of which will be available to businesses for working capital,...

Published:Sunday | September 30, 2018 | 12:00 AMMcPherse Thompson

A Supreme Court judge averted the shutdown of sportswear manufacturer, Wynlee Trading Company Limited, when it ordered the return of sewing machines and other seized equipment to the company.The machines were seized to recover a debt purportedly...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The majority of foreign exchange transactions done on a daily does not include cash and the Bank of Jamaica, BOJ, has been making a point of informing the public about it.Senior Deputy Governor John...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The mining and quarrying industry, which grew by 30 per cent, contributed the lion's share to the estimated 1.8 per cent expansion in the Jamaican economy for the April to June 2018 quarter, according to the...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The Court of Appeal has effectively put aside a near $4-billion claim against Sagicor Bank Jamaica Limited in favour of contractor York P....

Published:Sunday | August 12, 2018 | 12:00 AMMcPherse Thompson

More than two years after the official opening of the North-South Highway, and a decade since the Government compulsorily acquired land at Moneague, St Ann as part of the project, businessman Magnus Mullings is still engaged in a struggle to get...

Published:Thursday | August 9, 2018 | 12:51 PMMcPherse Thompson

  Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic energy in agriculture and industry as a means of stimulating economic growth. This marks their second programme and...

Published:Friday | August 3, 2018 | 12:11 AMMcPherse Thompson

Bank of Jamaica is for the use of forward contracts to lock in the price of hard currency today for future delivery, saying it gives certainty to businesses that have future foreign exchange obligations to fulfil.That certainty is now...

Published:Sunday | July 8, 2018 | 12:41 AMMcPherse Thompson

  Foreign direct investment, FDI, flows to Jamaica fell for the second consecutive year in 2017 to US$649 million. The flows were 17.8 per cent lower than the US$790 million recorded in 2016, according to a newly released report from...

Published:Sunday | June 17, 2018 | 12:00 AMMcPherse Thompson

The role played by the Economic Programme Oversight Committee (EPOC) in communicating with the people on the importance of fiscal discipline and meeting targets set by the International Monetary Fund needs to be maintained under the Jamaica...

Published:Sunday | May 13, 2018 | 12:00 AMMcPherse Thompson

Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, has settled a lawsuit with an octogenarian farmer who sued the company for negligence on allegations he became ill after consuming a bottle of Red Stripe beer...

Published:Sunday | April 1, 2018 | 12:00 AMMcPherse Thompson

The widow of a D&G heir has been cleared to sell most of her holdings in iconic drinks company Desnoes & Geddes Limited sought by Heineken Sweden, part of which a law firm had attempted to claim as payment for outstanding legal fees...

Published:Sunday | March 18, 2018 | 12:00 AMMcPherse Thompson

The Court of Appeal has overturned a high court ruling that would have allowed the common-law spouse of a policeman who passed away nearly a decade ago to collect a widow's pension from the Government.Winsome Bennett had a relationship with...

Published:Sunday | February 25, 2018 | 12:00 AMMcPherse Thompson

A second effort by the Gorstew Limited for the Privy Council to grant permission for an appeal against the acquittal of three former ATL executives in a fraud case adjudicated more than three years ago has been blocked by the London-based panel,...

Published:Sunday | February 18, 2018 | 12:00 AMMcPherse Thompson

The Industrial Disputes Tribunal (IDT) has awarded a total of $17 million to be shared by two former employees, who it ruled were both unjustifiably dismissed by the All-Island Jamaica Cane Farmers Association (AIJCFA) about 18 months ago.The three...

Published:Thursday | February 8, 2018 | 12:33 PMMcPherse Thompson

There will be no disruption to the trade arrangements between Jamaica and other members of CARIFORUM as a result of the impending separation of Britain from the European Union, High Commissioner to Jamaica Asif Ahmad has assured. But Ahmad said his...

Published:Sunday | February 4, 2018 | 12:00 AMMcPherse Thompson

The Supreme Court has granted summary judgment to Medical Associates Limited in a claim brought by its management company to recover more than 400,000 shares that were tended to secure a loan to finance further developments at the Medical Associates...

Published:Tuesday | December 26, 2017 | 11:14 AMMcPherse Thompson

LASCO Distributors Limited said that in its continued drive to improve efficiencies and reduce overall operating costs it will discontinue its distribution arrangement for the Unilever cold storage and dry food portfolio, effective Wednesday,...

Published:Thursday | December 21, 2017 | 12:00 AMMcPherse Thompson

Businessman Michael Lee-Chin has served notice that he intends to submit to arbitration a claim against the government of the Dominican Republic seeking to recover more than US$300 million in damages for expropriating his investment in that country....

Published:Wednesday | December 20, 2017 | 12:00 AMMcPherse Thompson

In a five-year review of Clarendon Alumina Production, CAP, the Auditor General raised concerns about the state company's solvency, saying that while there was marginal improvement to two per cent, it was well below the threshold of 20 per cent,...

Published:Friday | December 8, 2017 | 12:00 AMMcPherse Thompson

The Court of Appeal, agreeing there was the real possibility of bias, has ordered a retrial in a lawsuit first brought against former...

Published:Friday | December 1, 2017 | 12:00 AMMcPherse Thompson

The Malta-registered bulk carrier Trading Fabrizia, which was detained in Jamaican waters just over a year ago and is still sitting in the Kingston...

Published:Wednesday | November 29, 2017 | 12:00 AMMcPherse Thompson

Jamaica's foreign exchange system has entered into a new paradigm of flexibility, where the value of the Jamaican currency is likely to move in either direction based on market conditions, according to Brian Wynter, governor of the Bank of Jamaica,...

Published:Friday | November 24, 2017 | 12:00 AMMcPherse Thompson

A Bank of Jamaica (BOJ) worker who was dismissed over his use of a pseudonym for personal calls that were unpaid has been ordered reinstated to...

Published:Sunday | November 19, 2017 | 12:00 AMMcPherse Thompson

The Office of Utilities Regulation (OUR) has established a new meter-testing protocol to provide an appropriate framework for the verification and testing of existing and future meters used in the Jamaican electricity and water sectors.The protocol...

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