Sun | May 19, 2019

Business

Published:Sunday | May 19, 2019 | 12:21 AM

In just under a week, voters from across the whole of the European Union will go to the polls to elect a new European Parliament. The result is expected to alter Europe’s centrist balance, and more important contribute to the repositioning of all...

Published:Sunday | May 19, 2019 | 12:20 AM

Does the strengths, weaknesses, opportunities and threats technique, SWOT, deserve its accepted place in your next strategic planning ­retreat? Maybe not. There are more precise ways to understand the current state of the business that take less...

Published:Sunday | May 19, 2019 | 12:19 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I saw your article about advice on personal financial planning, recently. I graduated from university and have been in the working world for two years now, I have accumulated $500,000 and...

Published:Sunday | May 19, 2019 | 12:19 AM

ADVISORY COLUMN: INSURANCE HELPLINE Eight out of every 10 persons do not have access to private health insurance. This was one of the many things that I clearly recall after many readings of the Ministry of Health...

Published:Sunday | May 19, 2019 | 12:12 AMMcPherse Thompson - Assistant Editor-Business

With Old Harbour in St Catherine experiencing one of the highest population growth rates in Jamaica, Victoria Mutual Money Transfer Services perceives it an opportune time to expand its footprint with the opening of a branch in that area. “Our...

Published:Sunday | May 19, 2019 | 12:11 AM

The Court of Appeal has upheld an award of more than US$940,000 – about J$128.3 million – against the Jamaican Redevelopment Foundation Inc (JRF) for breach of contract, the company having cancelled an agreement to sell property in Clarendon to a...

Published:Sunday | May 19, 2019 | 12:11 AM

A Japanese start-up that launched a rocket into space earlier this month plans to provide low-cost rocket services and compete with American rivals such as SpaceX, its founder said on Wednesday. Interstellar Technology Inc founder Takafumi Horie...

Published:Sunday | May 19, 2019 | 12:10 AM

Food and logistics conglomerate Jamaica Producers Group notched a big first quarter with a 52 per cent spike in net profit to $230.37 million. Sales for the quarter came in just shy of $4.8 billion, or seven per cent higher than the comparative...

Published:Sunday | May 19, 2019 | 12:10 AM

Growth-Tech – a company that provides Wi-Fi services is acquiring 30 per cent of technology partner and advertising company Medianet Limited. The deal is expected to close in June, but the cost of the ­transaction was not disclosed. Medianet is...

Published:Friday | May 17, 2019 | 2:47 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Chile is an odd construct. A long narrow strip of land, it runs from the Tropic of Capricorn to almost the Antarctic circle. With a population of 18 million and a territory of 756,000 square kilometres,...

Published:Friday | May 17, 2019 | 12:33 AM

In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from US networks and said it was subjecting the Chinese company to strict export controls...

Published:Friday | May 17, 2019 | 12:33 AM

JMMB Group is pumping US$200 million into the company that is buying Sagicor Financial Corporation, a deal that will see the Jamaican financial conglomerate ending up with indirect ownership in the largest insurance conglomerate in its home...

Published:Friday | May 17, 2019 | 12:32 AMAvia Collinder - Business Reporter

The head of Jamaica’s largest insurance conglomerate and dominant provider of healthcare coverage wants clarity on how the plan for universal health insurance will affect persons already covered. That number spans about 500,000 people in a...

Published:Friday | May 17, 2019 | 12:32 AMHuntley Medley - Senior Business Writer

KLE Group, which oversees the Usain Bolt’s Tracks & Records restaurants, UBTR, is hunting property even as it assesses potential traffic numbers for possible market entry in Falmouth...

Published:Friday | May 17, 2019 | 12:32 AM

European Union regulators have fined five banks a total of more than €1 billion (US$1.1 billion) for colluding in the trade of large sums of foreign currency. The European Commission said Thursday that investigators found that some bank employees...

Published:Friday | May 17, 2019 | 12:31 AM

Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the nation’s largest retailer reported its best sale performance at its established US namesake stores for the fiscal first...

Published:Friday | May 17, 2019 | 12:31 AMNeville Graham - Business Reporter

Fresh from an industrial accident which saw flat profits, Salada Foods CEO Diana Blake-Bennett says her fears of further fallout have been realised from the imposition of a cess on green beans imported for its instant coffee business. For the six-...

Published:Friday | May 17, 2019 | 12:31 AM

Starting today, Friday, National Commercial Bank Jamaica (NCB) will begin executing an upgrade of its banking platform that is supposed to result in speedier transactions for business and personal customers. The system, which costs $2 billion, has...

Published:Friday | May 17, 2019 | 12:31 AM

What do tilapia, Jane Austen and Chinese revolutionary poster art have in common? All have been used to rally public support around China’s position in its trade dispute with the United States, as the ruling Communist Party takes a more aggressive...

Published:Friday | May 17, 2019 | 12:31 AM

J ason Smith, a second-generation housing builder and CEO of Core Development and Construction, has begun construction on what he says is the second of four upscale residential developments to be rolled out across Kingston being done over time....

Published:Friday | May 17, 2019 | 12:30 AM

Flavocure Biotech, a cannabis research company that is majority owned by Dr Henry Lowe, has received approval from the US Patent Office for a drug that treats glaucoma and myopia, or nearsightedness. According to the patent issued on May 7, both...

Published:Friday | May 17, 2019 | 12:30 AMAvia Collinder - Business Reporter

Three e-payment companies have been shortlisted by the Ministry of Labour and Social Security for the contract to begin distributing social welfare benefits via mobile wallets, under the Programme of Advancement Through Health and Education, PATH....

Published:Thursday | May 16, 2019 | 12:12 AM

China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth. Wednesday’s unexpectedly weak data prompted suggestions that Beijing needs...

Published:Wednesday | May 15, 2019 | 12:19 AMSteven Jackson/Senior Business Reporter

The Loshusan family plans to build a shopping complex in Mandeville at Caledonia Drive on lands that currently house a Shoppers Fair supermarket, an inside source revealed. The Loshusans are indirectly connected to Shoppers Fair as members of the...

Published:Wednesday | May 15, 2019 | 12:18 AM

Consumers can pursue a lawsuit complaining that iPhone apps cost too much, the Supreme Court ruled on Monday, adding to Apple’s woes that already include falling iPhone sales and a European investigation. The lawsuit could have major implications...

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