Fri | May 26, 2017

Business

Published:Friday | May 26, 2017 | 5:00 AM

Caribbean Cement Company, the foreign-owned operator of Jamaica's sole cement manufacturing plant, posted marginally higher revenues and slashed profits in its first quarter.Sales turnover for the...

Published:Friday | May 26, 2017 | 5:00 AMNeville Graham

Aloun Ndombet Assamba has made some changes since taking back the helm of COK Sodality, all meant to sustain momentum at the credit union whose...

Published:Friday | May 26, 2017 | 5:00 AMMcPherse Thompson

A Supreme Court judge is recommending that lawmakers revisit public service regulations to ensure government employees are given a hearing...

Published:Friday | May 26, 2017 | 5:00 AM

With six months to go until the midterm elections, the ruling Cambiemos coalition is dissolving into its original factions.A loose grouping, whose only common identity was the defeat of the Kirchner-led Frente Para la...

Published:Friday | May 26, 2017 | 5:00 AM

OPEC and other oil nations meeting Thursday were set to extend their production cuts in an effort to shore up prices. But the intended impact could be short-lived.That's due to United States shale...

Published:Friday | May 26, 2017 | 5:00 AM

United States Federal Reserve officials signalled in discussions early this month that they would likely start reducing the Fed's huge portfolio of bond holdings later this year, a step...

Published:Friday | May 26, 2017 | 5:00 AMNeville Graham

Gaming company Supreme Ventures Limited says it is already allocated $250 million towards upgrading Jamaica's horse racing track, Caymanas Park.The investments...

Published:Friday | May 26, 2017 | 5:00 AM

The Barbados government on Wednesday described as "unfortunate and unwarranted" the decision by local banks to suspend transactions for real estate and related activities.The action comes amid concerns...

Published:Friday | May 26, 2017 | 5:00 AM

Ford's new CEO is shaking up the company's senior management.The Dearborn, Michigan automaker named a new head of global product development on Thursday, as well as new heads of its operations in...

Published:Friday | May 26, 2017 | 5:00 AMSteven Jackson

Desnoes & Geddes Limited, operating company for the Red Stripe Jamaica brewery, will invest €12 million or about $1.7 billion this year in order to develop a...

Published:Friday | May 26, 2017 | 5:00 AMNeville Graham

Specialist hardware outfit Jamaica Plumbing Supplies Limited is said to be mulling an approach to the market, likely with a public offer of shares.The 29-year-old company...

Published:Thursday | May 25, 2017 | 5:30 PM

The Bank of Jamaica (BOJ) said it sold through its trading room US$31.38 million to authorized dealers and cambios today, having invited bids for the foreign currency. It sold at a rate of J$130.48 to US$1, the weighted average selling rate. The...

Published:Thursday | May 25, 2017 | 5:00 AM

Brazilian President Michel Temer has lost yet another of his key advisers - leaving him with just one of the original five at a moment he's struggling to hang on to power.Former lawmaker Sandro Mabel published a letter on Wednesday saying he needs...

Published:Wednesday | May 24, 2017 | 5:00 AMMcPherse Thompson

The Jamaica Broilers Group said Conley Salmon, who was its vice-president for marketing, feeds and agricultural supplies has been appointed President of the Jamaica operations, effective May 1. Dave Fairman was also appointed president of the group...

Published:Wednesday | May 24, 2017 | 5:00 AM

Q: Mr Smith, how should I deal with the question: "Why should I hire you?" I feel like job interviewers would want the answer to this question in order to hire you. It sounds like you should know the answer, but I don't. How do you propose I answer...

Published:Wednesday | May 24, 2017 | 5:00 AMSteven Jackson

Digicel was initially a partner with Chris Dehring in the company that will operate new subscriber service, ReadyTV, but that relationship ended years ago.Now the two companies will vie in the same market when ReadyTV formally launches into business...

Published:Wednesday | May 24, 2017 | 5:00 AMSteven Jackson

A plan first announced two years ago to expand the cruise port of Falmouth to accommodate two of the world's largest ships simultaneously is to be executed this year, pending approval from the planning authority.It will require the dredging and...

Published:Wednesday | May 24, 2017 | 5:00 AM

Overall, nearly 740,000 foreigners who were supposed to leave the United States during the 12-month period October 2015 to September 2016 overstayed their visas, the Homeland Security Department said Monday, detailing a crucial but often overlooked...

Published:Wednesday | May 24, 2017 | 5:00 AMNeville Graham

The new owners of Caribbean Flavours and Fragrances Limited are finalising a five-year plan to grow the company with consideration to revamp the product portfolio to add new streams of revenue and potentially reshape supply logistics.The plan will...

Published:Wednesday | May 24, 2017 | 5:00 AM

United States President Donald Trump on Tuesday sent Congress a US$4.1 trillion federal spending plan that promises faster economic growth and steep cuts to programmes for the poor in a bid to balance the government's books over the next decade.The...

Published:Wednesday | May 24, 2017 | 5:00 AM

Puerto Rico is seeking help from federal court to restructure the debt of the US territory's public pension system, which is projected to run out of money this year.A federal control board overseeing the island's finances said on Monday that the...

Published:Wednesday | May 24, 2017 | 5:00 AMMcPherse Thompson

Private-sector credit grew at an annual rate of nearly 31 per cent at the end of February, doubling the pace set in December, according to new Bank of Jamaica (BOJ) data.Much of the expansion resulted from a new entrant to the commercial banking...

Published:Tuesday | May 23, 2017 | 5:00 AM

Saudi Arabia's energy minister said on Monday that he does not expect any objections to a nine-month extension to the existing output cut deal between OPEC and non-OPEC members - an agreement that would extend the deal through March 2018.Late last...

Published:Sunday | May 21, 2017 | 5:00 AMMcPherse Thompson

The Supreme Court has refused to grant an injunction barring the Jamaica Stock Exchange Limited (JSE) from convening a disciplinary hearing against its chief regulatory officer, Wentworth Graham, pending the outcome of proceedings at the Industrial...

Published:Sunday | May 21, 2017 | 5:00 AM

In a recent speech, Inter-American Development Bank official Therese Turner-Jones understated that "firms in Jamaica are not particularly efficient" that and "private sector workers are as inefficient as the Government".As a business leader, this is...

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