Mon | Mar 8, 2021

Business

Published:Sunday | March 7, 2021 | 12:16 AM

America’s job market delivered a burst of strength in February. It lifted hopes that the roll-out of viral vaccines, the distribution of federal aid and the increasing willingness and ability of consumers to go out and spend will invigorate the...

Published:Sunday | March 7, 2021 | 12:16 AM

Antivirus software entrepreneur John McAfee was indicted on fraud and money laundering conspiracy charges alleging that he and cohorts made more than US$13 million by fooling investors zealous over the emerging cryptocurrency market, authorities...

Published:Sunday | March 7, 2021 | 12:15 AM

The G20 has agreed on a new allocation of special drawing rights, the International Monetary Fund’s reserve asset. This is great news: I have long considered the SDR one of the most promising, yet underused instruments of international economic...

Published:Sunday | March 7, 2021 | 12:14 AM

The few small enterprises that pivoted to online commerce since the pandemic, riding the wave of increased digital payments, are also finding it a more convenient way to do business, according to participants at ‘Let’s Go Digital’, a virtual...

Published:Sunday | March 7, 2021 | 12:13 AMKarena Bennett - Business Reporter

Plastic drinking straws should be off the market by mid-year, but Jamaican manufacturers say they have identified a loophole that gives juice importers an advantage and which they are urging Government to plug before the third phase of the ban is...

Published:Sunday | March 7, 2021 | 12:13 AM

In financial and life planning, there are three primary phases: accumulation, consolidation, and spending, so financial goals and needs change with the phases. Strategies must also be dynamic, given the changes in the environment. Here are some of...

Published:Sunday | March 7, 2021 | 12:12 AM

Karelle Samuda and Stephanie Abrahams, officials in the Ministry of Finance and Public Service (MoF...

Published:Sunday | March 7, 2021 | 12:12 AM

A little over a year ago, this column observed that the pandemic will pass but noted that more telling will be the way in which the region responds to the impact of a virus-induced recession. At the time, it was apparent that once the most...

Published:Sunday | March 7, 2021 | 12:10 AM

Food and logistics conglomerate, Jamaica Producers Group, JP, is going after the concession for Grantley Adams International Airport in Barbados, the tender for which has been delayed. Government technocrats in that country are reassessing the...

Published:Sunday | March 7, 2021 | 12:10 AM

Is there a way to turn down requests from other people and thereby increase your productivity? In the changing world we live in, you may have to say ‘no’ more often. The old saying, ‘If you want to get something done, ask a busy person’, has an...

Published:Sunday | March 7, 2021 | 12:10 AM

IronRock recorded its best period in the December quarter since going public five years ago as a start-up general insurer, but the company is not crediting only insurance activity for the performance. The gains, said Managing Director Evan Thwaites...

Published:Friday | March 5, 2021 | 4:33 PM

The Jamaica Stock Exchange (JSE) combined index declined on Friday with an advance/decline ratio of 33/40. The index declined by 736.59 points or 0.19 per cent to close at 395,241.00. The JSE Main Market Index declined by 1,096.63 points or 0.28...

Published:Friday | March 5, 2021 | 12:12 AM

The free fall for corporate profits because of the pandemic is over, at least for now. The last few companies are letting their investors know how much profit they made during the last three months of 2020, and if the trend holds, they’ll likely...

Published:Friday | March 5, 2021 | 12:12 AM

Members of oil cartel OPEC and allied countries have agreed to leave most of their existing oil production cuts in place as the spread of new coronavirus variants prolongs concerns about economic weakness. The Organization of Petroleum Exporting...

Published:Friday | March 5, 2021 | 12:11 AMHuntley Medley - Associate Business Editor

With its acquisition strategy beginning to pay off, gaming and lottery company Supreme Ventures Limited appears to weathered the storm created by the ongoing COVID-19 pandemic, but is facing other headwinds as two new lottery rivals ramp up...

Published:Friday | March 5, 2021 | 12:11 AMKarena Bennett - Business Reporter

Trinidadian John deSilva has been hired to run Lasco Distributors Limited, closing the vacancy for managing director that had been open for nearly two years. DeSilva, who took office on March 1, eases deputy executive chairman James Rawle of his...

Published:Saturday | March 6, 2021 | 12:19 AM

In a recent letter to her G20 colleagues, US Secretary of the Treasury Janet Yellen argued that a truly global COVID-19 vaccination programme “is the strongest stimulus we can provide to the global economy”. With rich countries vaccinating their...

Published:Friday | March 5, 2021 | 12:11 AM

It has been almost four decades since the United States experienced high inflation. Sociologists would consider it to be almost two generations ago, and an experience that is fading from the collective memory. While inflation is alive and well...

Published:Friday | March 5, 2021 | 12:10 AM

Kingston Properties Limited will be buying back up to half of a per cent of the company’s shares over the next two years, which would amount to more than three million units, but potentially more if its new share offer is executed as planned. It...

Published:Friday | March 5, 2021 | 12:10 AM

By mid-year, the real estate arm of Proven Investments Limited will have five developments under construction, with an additional three to come, despite the soft economy. It’s banking on the resilience of real estate amid economic downturns, plus...

Published:Friday | March 5, 2021 | 12:10 AM

J. Wray...

Published:Thursday | March 4, 2021 | 12:07 AM

Google says it won’t develop new ways to follow individual users across the internet after it phases out existing ad-tracking technology from Chrome browsers, in a change that threatens to shake up the online advertising industry. The digital giant...

Published:Wednesday | March 3, 2021 | 12:17 AMHuntley Medley/Associate Business Editor

There have been ample indications of the formidable challenges to the heavily tourism and hospitality skewed investment holdings of Sagicor Real Estate X Fund Limited under the pandemic. But its newly released financials showing a $9.99-billion...

Published:Wednesday | March 3, 2021 | 12:16 AM

The United States economy’s K-shaped recovery is under way. Those with stable full-time jobs, benefits, and a financial cushion are faring well as stock markets climb to new highs. Those who are unemployed or partially employed in low-value-added...

Published:Wednesday | March 3, 2021 | 12:16 AM

Caribbean Cement Company Limited hit a new milestone in revenues that grew by double digits to top $20 billion for the first time, leading to record profit at the Rockfort, Kingston-based plant. But the maker of the Carib Cement brand, whose sales...

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