Mon | Oct 26, 2020

Business

Published:Sunday | October 25, 2020 | 12:17 AMOscar Jonsson and Taylor Owen - Guest Columnists

OP-ED CONTRIBUTION: DIGITAL ECONOMY Today, as our economic and social lives increasingly move online owing to the COVID-19 pandemic, the digital and physical domains are becoming more integrated than ever. And now more than ever, governance and...

Published:Sunday | October 25, 2020 | 12:16 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER The Bank of Jamaica, BOJ, recently issued another of its US dollar-denominated indexed notes, an interesting financial asset that protects investors against depreciation of the value of the Jamaican...

Published:Sunday | October 25, 2020 | 12:16 AM

ADVISORY COLUMN: SMALL BUSINESS In my last column, I asked readers to consider the likely implications of the deepening social and economic fallout from the pandemic, particularly the extent of the country’s social protections and safety net to...

Published:Sunday | October 25, 2020 | 12:16 AM

ADVISORY COLUMN: RISKS...

Published:Sunday | October 25, 2020 | 12:13 AM

Key Insurance Company, a subsidiary of the GraceKennedy conglomerate, aims to double its revenue to $2.7 billion in five years, arguing that its rights issue will set the stage by providing the capital needed to grow its important motor portfolio....

Published:Sunday | October 25, 2020 | 12:12 AM

Huawei’s new smartphone has an upgraded camera, its latest advanced chipset and a better battery. What it may not have outside the Chinese tech giant’s home market is very many buyers. Huawei, which recently became the world’s No. 1 smartphone...

Published:Sunday | October 25, 2020 | 12:12 AMNeville Graham - Business Reporter

Renewable energy company Wigton Windfarm Limited intends to tap the market for funds to finance an ambitious expansion and diversification programme, but is timing the trigger. The wind farm is operating at near maximum levels in terms of equipment...

Published:Sunday | October 25, 2020 | 12:12 AM

Brazil’s health regulator has authorised the import from China of a potential vaccine against the coronavirus, just days after President Jair Bolsonaro insisted he wouldn’t allow doses to be shipped from the Asian nation. The health regulator,...

Published:Sunday | October 25, 2020 | 12:11 AMKarena Bennett - Business Reporter

Stanley Motta Limited, the owner of the 58HWT tech park in Kingston, has come out of negotiations with more breathing room on financial obligations to creditor Development Bank of Jamaica, DBJ, as a safeguard against the disruptions caused by the...

Published:Sunday | October 25, 2020 | 12:09 AM

As airlines across the globe ground planes or otherwise cancel flights as a consequence of the COVID-19 pandemic, the Caricom Competition Commission, CCC, has launched a market study to determine how persons in the region have been affected by the...

Published:Friday | October 23, 2020 | 4:28 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Friday losing more ground, with an advance/decline ratio of 34/39. The JSE Combined Index declined by 2280.59 points or 0.61 per cent to close at 372,251.10. The JSE Main Market Index was down...

Published:Friday | October 23, 2020 | 8:03 AMKarena Bennett - Business Reporter

A COVID-19 study conducted by the Statistical Institute of Jamaica, Statin, has found that 57 per cent of Jamaican households saw a reduction in income between the onset of the coronavirus in March and September. The data affirms the results of a...

Published:Friday | October 23, 2020 | 12:19 AM

Tesla charged through a summertime auto industry sales slump in the United States to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday that it made US$331 million, or 27 cents per...

Published:Friday | October 23, 2020 | 12:19 AM

Airlines are piling up billions of dollars in additional losses as the pandemic chokes off air travel, but a recent uptick in passengers, however modest, has provided some hope. American Airlines on Thursday reported a loss of US$2.4 billion and...

Published:Friday | October 23, 2020 | 12:18 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Nigeria has emerged as the largest economy in Africa, with a GDP of slightly more than US$400 billion in 2019 and a population of almost 200 million. This makes it a country, with roughly the population...

Published:Friday | October 23, 2020 | 12:18 AMSteven Jackson - Senior Business Reporter

The number of car crashes have fallen since the April imposition of COVID-19 curfews, but the damage sustained in motor accidents were found to be more severe. The upshot for IronRock is that claims are tracking apace with last year, despite fewer...

Published:Friday | October 23, 2020 | 12:18 AM

Portland JSX Limited performed better in the second quarter, in which its losses slowed to $303,366. Over six months ending August, spurred by a decline of $2.9 million in income, the fund spun from a profit of $1.4 million to a loss of US$1.7...

Published:Friday | October 23, 2020 | 12:18 AMSteven Jackson - Senior Business Reporter

Over the three years in which David Noel has led Scotia Group Jamaica as president and CEO, he has grown loans by more than a third, keeping pace with the market, but the bank has been outmatched by its chief rival in terms of profits and asset...

Published:Thursday | October 22, 2020 | 2:14 PM

General Motors plans to spend US$2 billion to convert its Spring Hill, Tennessee assembly plant into a third site in the United States to build future electric vehicles. The Detroit automaker also says it will spend another US$153 million to...

Published:Wednesday | October 21, 2020 | 12:16 AM

OP-ED CONTRIBUTION: COVID AND THE ECONOMY The world economy has risen from the depths of the initial COVID-19 plunge. But the recovery has been tepid, uneven, and fragile – and is likely to remain so for the foreseeable future. Start with the good...

Published:Wednesday | October 21, 2020 | 12:15 AMSteven Jackson/Senior Business Reporter

Two brokerage firms have placed higher valuations on the NCB Financial Group stock, NCBFG, above its current trading price, notwithstanding differing expectations of the banking conglomerate’s performance under recessionary conditions. The stock...

Published:Wednesday | October 21, 2020 | 12:14 AM

Danica Marcos is willing to be infected with COVID-19. While other people are wearing masks and staying home to avoid the disease, the 22-year-old Londoner has volunteered to contract the new coronavirus as part of a controversial study that hopes...

Published:Wednesday | October 21, 2020 | 12:10 AMKarena Bennett/Business Reporter

Real estate investment trust Kingston Properties Limited, KPREIT, plans to spend no more than $60 million on improvements to its newest acquisition, commercial property at East Ashenheim Road in Kingston, before going to the market in search of...

Published:Wednesday | October 21, 2020 | 12:07 AM

The United States Justice Department on Tuesday sued Google for antitrust violations, alleging that it abused its dominance in online search and advertising to stifle competition and harm consumers. The lawsuit marks the government’s most...

Published:Wednesday | October 21, 2020 | 12:07 AMSteven Jackson/Senior Business Reporter

People are still using cheques but since the onset of the COVID-19 pandemic usage has dropped by one-third, according to data from the Bank of Jamaica, BOJ. In an era of physical distancing the use of cheques seems less efficacious. Just over $100...

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