Fri | Feb 28, 2020

Business

Published:Friday | February 28, 2020 | 12:19 AMHuntley Medley - Senior Business Writer

F rom the long list of products it sells and the extensive network of private and public pharmacies and stores that stock its merchandise, Medimpex Jamaica Limited appears to command a sizeable share of the local prescription and over-the-counter...

Published:Friday | February 28, 2020 | 12:17 AM

M argaritaville Caribbean Group plans to raise up to US$6 million (J$853 million) through a bond placement to refinance its debt, amid plans to expand. “We have lots of exciting new things happening, so we are getting ready to execute,” said CEO...

Published:Friday | February 28, 2020 | 12:16 AM

The United States economy grew at an annual rate of 2.1 per cent in the final quarter of last year, but damage from the spreading coronavirus is seen as likely depressing growth in the current quarter and for 2020 as a whole. The US Commerce...

Published:Friday | February 28, 2020 | 12:16 AM

C ampaigners won a court ruling Thursday to block the plan for a third runway at Heathrow Airport on environmental grounds, setting the stage for a new fight over whether to make Europe’s biggest airport even bigger. The ruling by the UK’s Court...

Published:Friday | February 28, 2020 | 12:16 AMHuntley Medley - Senior Business Writer

O n one level, development bankers are satisfied with the continuing maturity of the private equity and venture capital markets, which the Development Bank of Jamaica, DBJ, has spent the last seven years nurturing. But at another level, they...

Published:Friday | February 28, 2020 | 12:09 AM

The impact of the ongoing outbreak of the coronavirus COVID-19, from an economic perspective, would primarily be transmitted through two main mechanisms, namely trade and financial flows, according to an assessment by the Planning Institute of...

Published:Friday | February 28, 2020 | 12:09 AMSteven Jackson - Senior Business Reporter

Michael Riley, who sells vape pens within the burgeoning cannabis trade in Negril, holds a cash card that provides him with flexibility, but only to a certain degree. He doesn’t have a bank account, but uses ePay, a Mastercard-branded cash card...

Published:Thursday | February 27, 2020 | 6:37 PM

The Jamaica Stock Exchange JSE Combined Index declined by 1,198.84 points Thursday to close at 476,795.83 with an advance/decline ratio of 36/37. Winners Salada Foods 14.3 per cent to $32.57 Everything Fresh $12.35 to $0.91 Derrimon Trading up 10...

Published:Thursday | February 27, 2020 | 2:27 PMNeville Graham - Business Reporter

Caribbean Producers Jamaica will report back to bondholders Friday on progress made in bringing its financial ratios back into compliance with debt covenants, in a follow up to a meeting held six months ago. CPJ Chairman and interim CEO Mark Hart...

Published:Wednesday | February 26, 2020 | 1:29 PM

Scotia Group Jamaica, SGJ, paid out $14.68 billion in dividends for 2019, which was greater than its annual profit. The banking group affirmed that it was the highest dividend ever paid to shareholders since its founding in 1889. Scotia Group said...

Published:Wednesday | February 26, 2020 | 12:15 AMHuntley Medley/Senior Business Writer

The roll-out of the controversial national identification system, NIDS, is receiving strong support from the umbrella private sector group, the Private Sector Organisation of Jamaica, PSOJ. In fact, Christopher Reckord was recently named the group’...

Published:Wednesday | February 26, 2020 | 12:14 AM

A steep decline in the mining and quarrying industry due to the continued closure of the Alpart aluminium plant in St Elizabeth, and a slowdown in construction activities have been cited as the main contributors to the anaemic 0.1 per cent growth...

Published:Wednesday | February 26, 2020 | 12:12 AM

Amazon is aiming to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up the US$800 billion grocery industry. At the new store,...

Published:Wednesday | February 26, 2020 | 12:12 AMKarena Bennett/Business Reporter

Future Energy Source Company, Fesco, will need another two weeks to determine a new date for its initial public offering of shares on the stock market, says vice chairman Hugh Coore, a setback caused by a deadly weekend fire at one of the fuel...

Published:Wednesday | February 26, 2020 | 12:10 AM

QUESTION: Mr Smith, thank you for the clarity which you bring to bear on your questions. I would like to know how I deal with a job interview question. What if I am asked: How do you define success in your career? And how do you think you measure...

Published:Wednesday | February 26, 2020 | 12:06 AM-

China’s Huawei unveiled its latest folding smartphone Monday and its first such device to be available internationally, competing in a niche category with new models from Samsung and Motorola. The company took the wraps off the new Mate Xs by video...

Published:Wednesday | February 26, 2020 | 12:05 AM

The European Union on Tuesday gave its chief negotiator Michel Barnier a robust negotiating mandate to get a free trade deal with the United Kingdom, which counters several of the red lines that London has set. The 27 EU nations are insisting that...

Published:Tuesday | February 25, 2020 | 5:10 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday by 4,351.48 points to close at 477,994.67 with an advance/decline ratio of 26 /35. The JSE All Jamaican Composite Index declined by 5,157.29 points ( 0.96 per cent) to close at 532...

Published:Tuesday | February 25, 2020 | 3:56 PM

The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by 0.1 per cent for the October to December quarter of 2019. And, according to director general Dr Wayne Henry, the outbreak of the Coronavirus could potentially...

Published:Tuesday | February 25, 2020 | 12:18 AM

The Government of China promised tax cuts and other aid Monday to help companies recover from its virus outbreak, while a spike in new cases in Iran, Italy and South Korea raised the prospect of wider disruption to tourism and other global...

Published:Monday | February 24, 2020 | 4:20 PM

The Jamaica Stock Exchange Combined Index advanced on Monday with an advance/decline ratio of 31/36. Overall market activity 83 stocks traded 31 advanced 36 declined 16 traded firm Winners Eppley Group up 11.2 per cent to $17.81 Blue Power up...

Published:Monday | February 24, 2020 | 11:11 AM

Today’s article will shed some light on one of the many epidemics that visit the country’s road system each night. This problem has been around for many years. It has now grown to such an extent that during last November and December, law-...

Published:Sunday | February 23, 2020 | 12:39 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: My daughter’s father and I bought a house as joint tenants and the reason for it is for my daughter to inherit this house. We both have other children, but her name could not be added to the...

Published:Sunday | February 23, 2020 | 12:39 AM

ADVISORY COLUMN: PRODUCTIVITY All I have is my word. Back in the day, this was a common saying among working professionals. For them, keeping one’s word was the only honourable, accepted thing to do But times have changed. Is there a place for...

Published:Sunday | February 23, 2020 | 12:21 AMKarena Bennett - Business Reporter

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