Tue | Sep 24, 2019

Business

Former Nissan Chairman Carlos Ghosn.

Nissan has agreed to pay US$15 million and its former chairman, Carlos Ghosn, is paying US$1 million to settle federal regulators’ civil fraud charges of hiding from investors more than US$140 million in compensation and retirement benefits for...
Douglas Halsall, founder and CEO of Advanced Integrated Sytems.

Advanced Integrated Systems Limited, (AIS), a tech solution company formed by Douglas Hallsall some 30 years, is finalising plans for the soft launch of an e-commerce platform called Q-Mall next month. The platform’s debut in October is expected...
Minister of Finance Dr Nigel Clarke.

The Jamaican Government’s repurchase of a portion of its external debt last week will result in annual interest savings of about US$18 million, or just over $2.5 billion, Finance Minister Dr Nigel Clarke said on Friday. The transactions, in which...

Businessman Gassan Azan has already pumped $200 million into the acquisition of 100 acres of land in Lakes Pen, St Catherine, setting the foundation for a large farming operation that will eventually span four times that land space once he can...

The possible sale of Sandals Resorts International’s chain of hotels is back in the news, but CEO and Deputy Chairman Adam Stewart is playing down the report as nothing new. The last time such reports surfaced was in 2017. Stewart did not...

Financial conglomerate JMMB Group Limited expects to more than double its annual profit by March 2022 to $9 billion, arising from the stake being acquired in Barbados-based regional insurance provider Sagicor Financial. The Jamaican company is...

Over the past eight years, the Branson Centre of Entrepreneurship Caribbean has invested more than US$1 million to help scores of entrepreneurs launch and grow their businesses. That has largely been money from its initial 10-year grant – the size...

The Jamaican Government has entered into a new agreement with the People’s Republic of China for the export of frozen lobster to the Asian country. Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw and Chinese Ambassador to...

Airbnb Inc said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the accommodation sector. Airbnb disclosed the news in a brief statement. It didn’t give a...

Dominion Energy announced plans Thursday to seek approval to build what it says would be the largest offshore wind project in the United States off the Virginia coast. The company told The Associated Press ahead of a public announcement that the...
Subscribe to Business