Mon | Jun 24, 2019

Business

Published:Sunday | June 23, 2019 | 12:20 AMKarena Bennett - Business Reporter

Rubis Energy Jamaica will roll out a line of advanced lubricants across the country over the next two weeks as a marker of its fifth anniversary in Jamaica. The locally incorporated business of the big French fuels and lubricants corporation was...

Published:Sunday | June 23, 2019 | 12:19 AM

Tourism now dominates most Caribbean economies, drawing huge numbers of visitors and wealth into the region. Despite this, many of those who work in or with the sector have yet to benefit fully from its success. A few days ago, in the less than...

Published:Sunday | June 23, 2019 | 12:19 AMSteven Jackson - Senior Business Reporter

Food and logistics conglomerate Jamaica Producers Group is expanding its shipping business in the United Kingdom with new warehousing space to enable freight consolidation to the Caribbean. The expansion would increase warehousing capacity by 20,...

Published:Sunday | June 23, 2019 | 12:18 AM

QUESTION: I lost my job four months ago, and prior to that, I had acquired debt in an attempt to create income-producing assets. Little did I know about managing money! I bit off more than I could chew. Not having a job now, I have only one...

Published:Sunday | June 23, 2019 | 12:18 AM

READER: I had to come over and meet you and tell you thanks. Thank you a million times! You have inspired me so much. You have literally changed my life. I follow you on LinkedIn. I read your Gleaner articles, and because of you, I am now in my...

Published:Sunday | June 23, 2019 | 12:17 AM

QUESTION: Can pedestrians be held liable for causing motor vehicle accidents? I was driving a few days ago in Havendale. There were grass-covered sidewalks on both sides of the roadway. There was a big pothole some distance ahead on the left side...

Published:Friday | June 21, 2019 | 12:40 AMKarena Bennett - Business Reporter

Four years into his role as CEO of Seprod Limited and an equal number of years of campaigning to push growth in Jamaica’s agriculture sector, it was a moment of “mixed emotions” for Richard Pandohie, who has been appointed the new president of the...

Published:Friday | June 21, 2019 | 12:39 AM

Kingston Wharves Limited (KWL) said it continues to lobby the Government for full special economic zone or SEZ status, noting that the journey has been slow but that progress has been made. The port company expects the process to be completed this...

Published:Friday | June 21, 2019 | 12:35 AMHuntley Medley - Senior Business Writer

Boutique business hotel Terra Nova is living up to its English translation, ‘new land’, with the breaking of new ground on a luxury condominium complex as the model for a planned redevelopment of the substantial real estate holdings of its owners,...

Published:Friday | June 21, 2019 | 12:34 AM

China warned Thursday that threats and tariffs will not resolve trade tensions between the two biggest economies and blasted Republican Senator Marco Rubio for his criticism of technology giant Huawei over patents. Ministry spokesman Gao Feng said...

Published:Friday | June 21, 2019 | 12:34 AM

The Bank of England kept its main interest rate on hold at 0.75 per cent on Thursday and warned that a combination of Brexit worries and global trade tensions was weighing on growth. All nine members of the Monetary Policy Committee backed the...

Published:Friday | June 21, 2019 | 12:34 AM

The United States Federal Reserve left its key interest rate unchanged Wednesday but signalled that it’s prepared to start cutting rates if needed to protect the US economy from trade conflicts and other threats. The Fed kept its benchmark rate –...

Published:Friday | June 21, 2019 | 12:33 AMSteven Jackson - Senior Business Reporter

SSL Venture Capital Jamaica Limited, which trades as SSL Ventures, disclosed a disagreement with its auditor, whose conclusions about the quantification of goodwill regarding three new acquisitions it questioned in a filing posted on the stock...

Published:Friday | June 21, 2019 | 12:32 AMKarena Bennett - Business Reporter

Consolidated Bakeries Jamaica Limited, which trades as Purity Bakery, has pumped roughly $10 million in bringing to market a line of low and gluten-free products under its Miss Birdie brand. The investment forms part of a $20-million project the...

Published:Friday | June 21, 2019 | 12:29 AMSteven Jackson - Senior Business Reporter

Food and beverage trader Caribbean Producers Jamaica, CPJ, has listed a $500-million bond on the Jamaica Stock Exchange, after raising debt on the private market to refinance its borrowings. “We are retiring expensive debt which we had on the...

Published:Friday | June 21, 2019 | 12:28 AM

GDP growth rates are one of the market’s favourite metrics for assessing sovereigns. When comparing two countries, the one with the higher GDP growth rate is often considered to be the better credit. Of course, the reverse is also true. Countries...

Published:Friday | June 21, 2019 | 12:17 AMSteven Jackson

  Sagicor Investments Jamaica Limited will seek to raise up to $4 billion in an initial public offering of shares in Sagicor Select Funds Limited, a pool of funds that track financial stocks on the Jamaica Stock Exchange. The IPO which opens...

Published:Thursday | June 20, 2019 | 10:17 PM

  The Jamaica Stock Exchange will migrate to the Nasdaq trading platform in November. “Until we do that, we have taken the decision to hold the implementation of short selling, margin trading and options until after the implementation of...

Published:Thursday | June 20, 2019 | 9:49 PM

  Sagicor Investments Jamaica Limited is buying a 60 per cent stake in Advantage General Insurance Company from rival NCB Capital Markets Limited. NCB Capital is also disposing of the rest of the shares it holds in Advantage to two other...

Published:Thursday | June 20, 2019 | 12:25 AM

American Airlines is buying 50 new long-range planes from Airbus, giving a big boost to the just-launched A321XLR model and spurring Boeing to push ahead to develop a rival aircraft. Airbus and the American Airlines – the world’s largest carrier –...

Published:Wednesday | June 19, 2019 | 12:43 AMKarena Bennett/Business Reporter

Community & Workers of Jamaica Co-operative Credit Union Limited, C&WJCCU, has inked an agreement with state agency Rural Agricultural Development Authority, RADA, to create a loan product that is to finance crop yields...

Published:Wednesday | June 19, 2019 | 12:36 AM

Facebook unveiled an ambitious plan Tuesday to create a new digital currency similar to bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms. But the effort, which the social network is...

Published:Wednesday | June 19, 2019 | 12:27 AMSteven Jackson/ - Senior Business Reporter

The extension of the runway at the Sangster International Airport and associated works are scheduled to start in the final quarter of 2019, but the extension requires the acquisition of lands held by Sandals Resorts International. Negotiations for...

Published:Wednesday | June 19, 2019 | 12:22 AMKarena Bennett/Business Reporter

Cascade Group Jamaica, the developer of the Kingston 876 commercial complex, is sifting through potential investors for lots that are expected to be ready for delivery in August. Infrastructure works at the 94-acre complex, which sits at the...

Published:Wednesday | June 19, 2019 | 12:21 AM

Huawei’s founder said Monday that the Chinese telecoms giant’s revenue will be US$30 billion less than forecast over the next two years, as he compared the company to a “badly damaged plane” as a result of United States government’s actions against...

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