Wed | Nov 25, 2020

Business

Published:Wednesday | November 25, 2020 | 12:19 AMNeville Graham/Business Reporter

Jamaican Teas Limited is adding 12,000 square feet of factory space, a $150-million investment that will give the company over 50 per cent more room to make non-tea products for its expanding market. CEO John Mahfood says construction is planned...

Published:Wednesday | November 25, 2020 | 12:17 AM

General Motors will recall about million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata airbag inflators. The move came Monday after the United States government told the automaker it had to recall six million of the...

Published:Wednesday | November 25, 2020 | 12:16 AM

Many people are now proclaiming that the COVID-19 pandemic has provided proof positive that Modern Monetary Theory, MMT, is the only way forward for governments. To the uninitiated, MMT probably sounds extremely sophisticated – even scientific. Its...

Published:Wednesday | November 25, 2020 | 12:15 AMHuntley Medley/Senior Business Writer

PAC Kingston Airport Limited, PACKAL, operator of the Norman Manley International Airport, NMIA, in Kingston is maintaining that its pre-COVID commitment to invest more than US$100 million to upgrade the airport will be honoured, even as its parent...

Published:Wednesday | November 25, 2020 | 12:12 AMSteven Jackson - Senior Business Reporter

TransJamaican Highway, toll operator for the East-West corridor of Highway 2000, has moved forward plans to acquire more toll roadway currently under construction in the parish of Manchester. The road project is being undertaken by the Government...

Published:Wednesday | November 25, 2020 | 12:12 AMKarena Bennett/Business Reporter

Severe weather conditions over the past month along with challenges from the COVID-19 pandemic has caused vegetable prices across Jamaica to rise by an average 50 per cent in one week, November 14 to 21. Xavier Charvis, marketing officer at Rural...

Published:Wednesday | November 25, 2020 | 12:09 AM

European regulators on Tuesday took a step closer to letting the Boeing 737 Max fly again, publishing a proposed airworthiness directive that could see the aircraft cleared within weeks after being grounded for nearly two years over deadly crashes...

Published:Wednesday | November 25, 2020 | 12:09 AM

In a boost to holiday travel, the British government has laid out a plan to reduce England’s 14-day quarantine requirement for travellers from destinations not deemed safe to as little as five days if they test negative for COVID-19. The change to...

Published:Wednesday | November 25, 2020 | 12:09 AM

The foreign ministers of Japan and China agreed Tuesday to cooperate in fighting the coronavirus and reviving their pandemic-hit economies, while trying to avoid actions that provoke tensions over disputed islands in the East China Sea. Chinese...

Published:Wednesday | November 25, 2020 | 12:08 AM

Western Union closed its 407 locations across Cuba on Monday, a sanctions-driven move that will leave thousands bereft of remittances on an island that depends heavily on them – or force them to use less reliable ways to bring in money. The closure...

Published:Wednesday | November 25, 2020 | 12:07 AM

Pharmacy company Fontana Limited is paying $100 million in dividends today, Wednesday, against annual profit of $276 million. The dividend at eight cents per share is double the previous distribution of four cents, which was declared last year....

Published:Wednesday | November 25, 2020 | 12:07 AMSteven Jackson/Senior Business Reporter

Remittance flows to Jamaica have risen nearly 40 per cent in the September quarter, a spike that is being attributed in part to changing travel patterns, as well as crisis support since the pandemic, according to Bank of Jamaica Governor Richard...

Published:Tuesday | November 24, 2020 | 4:27 PM

The Jamaica Stock Exchange (JSE) Combined Index increased 2,340 points to close at 387,370 points with an advance/decline ratio of 38/36 on Tuesday.  Overall market activity  83 stocks traded  38 advanced   36...

Published:Tuesday | November 24, 2020 | 12:11 AM

The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market début of its former financial services arm was suspended following criticism of them by billionaire...

Published:Sunday | November 22, 2020 | 8:21 AM

A few miles south of the namesake tower where Donald Trump began his run for president, New York prosecutors are grinding away at an investigation into his business dealings that could shadow him long after he leaves office in January. The probe...

Published:Sunday | November 22, 2020 | 8:18 AMSteven Jackson - Senior Business Reporter

Jamaica hopes to keep its luxury coffee exports to Japan on par with previous years, but the latest data shows its losing ground to coffee imports from richer non-coffee producing nations. Jamaica exports most of its coffee to Japan, the world’s...

Published:Sunday | November 22, 2020 | 8:16 AM

As we bring the curtains down on Global Entrepreneurship Week, GEW 2020, it is important to reflect on a lesson in enterprise, which many regard as the true opening act that will set the stage for success and endurance in business through...

Published:Sunday | November 22, 2020 | 8:16 AM

I owe a big debt to the leaders of the Integrity Commission. They stimulated the ideas on which today’s article is based. What do these folks have to do with the topic that I write about each week? They published a four-column advertisement in last...

Published:Sunday | November 22, 2020 | 8:16 AM

Before the COVID-19 pandemic, the role of low-skilled labour in the economy was assumed to be in decline. In digitally disrupted labour markets, where fancy STEM professions – science, technology, engineering, mathematics – enjoy pride of place,...

Published:Sunday | November 22, 2020 | 8:13 AMKarena Bennett - Business Reporter

With people and traffic movement on the rise again, businesses are seeing signs that the peak commercial season will allow them to erase some of their pandemic-induced losses, and the countdown to Christmas is on. For some shopping areas, yuletide...

Published:Sunday | November 22, 2020 | 8:12 AMNeville Graham - Business Reporter

Industrial Gases Limited, IGL, is sole local producer of medical-grade oxygen distributed to the health sector and food-grade nitrogen distributed mostly to drinks manufacturers or otherwise used in food processing, and continues to dominate the...

Published:Friday | November 20, 2020 | 12:15 AM

Bank of Jamaica, BOJ, is projecting growth of three per cent for Jamaica by March 2022, but notes the rebound could be nearly three times that estimate. “The bank projects a partial rebound of about 3.0 per cent growth will commence in financial...

Published:Friday | November 20, 2020 | 12:14 AM

The European Union’s efforts to rein in the power of big tech companies such as Google and Facebook through antitrust investigations have taken too long, dulling their effectiveness, a report said Thursday. Legal tools available to the bloc’s...

Published:Friday | November 20, 2020 | 12:14 AMHuntley Medley - Senior Business Writer

The insurance industry, though initially challenged, has not, up to now, fared as badly from the economic downturn caused by the COVID-19 pandemic as the sector and regulatory authorities had been bracing for. That’s the assessment from the new...

Published:Friday | November 20, 2020 | 12:13 AMSteven Jackson - Senior Business Reporter

Job losses arising from the COVID-19 fallout are worse than the previous crisis in 2008, but recovery should happen four times as fast, according to Planning Institute of Jamaica, PIOJ, Director General Dr Wayne Henry. That’s due to the improved...

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