Mon | Dec 11, 2017

Business

Published:Wednesday | December 6, 2017 | 12:00 AMSteven Jackson

The book value of NCB Financial Group's stake in Clarien Bank, Bermuda, would equate to US$53.6 million (J$6.74 billion), but the entities avoided any financial disclosures in announcing the deal last week.Clarien Bank holds US$107 million in total...

Published:Wednesday | December 6, 2017 | 12:00 AMSteven Jackson

VM Investments Limited (VMIL) plans to offer $1 billion in lending to small and medium-sized enterprises (SMEs) in a bid to grow its loans portfolio, a venture that will be partially financed from funds raised in its initial public offering (IPO)...

Published:Wednesday | December 6, 2017 | 12:00 AM

Four Caribbean Community (CARICOM) countries were named Tuesday in a new list of global tax havens released by the European Union.EU finance ministers said that the countries - Barbados, Grenada, St Lucia, and Trinidad and Tobago - were among 17...

Published:Wednesday | December 6, 2017 | 12:00 AM

Bahamas Prime Minister, Dr Hubert Minnis, has defended a Commercial Enterprises bill, saying it is designed to attract both local and international investment to the country in job sectors that do not currently or primarily exist."The bill is aimed...

Published:Wednesday | December 6, 2017 | 12:00 AM

Bermuda's national debt rose to US$2.515 billion at the end of September, according to new government figures.However, the rate of debt growth is slowing as the gap between revenue and expenditure narrows, officials said.In the six months to the end...

Published:Wednesday | December 6, 2017 | 12:00 AM

YouTube is hiring more people to help curb videos that violate its policies.YouTube CEO Susan Wojcicki said "some bad actors are exploiting" the Google-owned service to "mislead, manipulate, harass or even harm."Google will have more than 10,000...

Published:Wednesday | December 6, 2017 | 12:00 AM

Charlie Ergen, the founder of satellite TV company Dish, is stepping aside as CEO to focus on the company's wireless business.He will remain chairman. The new CEO, Dish Network Corp president Erik Carlson, will report to him.Dish has substantial...

Published:Wednesday | December 6, 2017 | 12:00 AM

Top Republicans delayed a planned House vote on a short-term budget bill yesterday to give themselves time to quell party divisions and avert a partial government shutdown by the weekend.With conservatives insisting on commitments to curb spending,...

Published:Wednesday | December 6, 2017 | 12:00 AM

A German business newspaper is reporting that former FBI director Robert Mueller has subpoenaed records from Deutsche Bank as part of his investigation into possible Russian involvement in the US presidential election campaign.The report in the...

Published:Tuesday | December 5, 2017 | 11:21 PM

QUESTION: Is it a bad idea to resign from my current job to regroup myself and hunt for a new job? I have been in the same job for about seven years now. I started one year after leaving high school and I just feel stuck and miserable as I have...

Published:Tuesday | December 5, 2017 | 12:00 AM

The European Union and United Kingdom ended a flurry of top-level diplomacy on Monday without a deal on the terms of divorce. But they said they were within striking distance of such an agreement that would allow the EU to broaden the talks to the...

Published:Monday | December 4, 2017 | 4:01 PM

Published:Monday | December 4, 2017 | 12:29 PMSteven Jackson

Published:Sunday | December 3, 2017 | 12:00 AMAvia Collinder

Having recently let go 40 employees with the shuttering of four dozen rooms as part of a major upgrading project, Half Moon hotel in Montego Bay says it will be hiring anew when the build-out is completed next October."With the opening of 57 new...

Published:Sunday | December 3, 2017 | 12:00 AM

Minority shareholders in Scotia Group Jamaica (SGJ) can expect to receive flat dividends year on year, according to its Canadian parent annual report released last week.It comes as Scotia Canada indirectly increased its stake in the local subsidiary...

Published:Sunday | December 3, 2017 | 12:00 AMAvia Collinder

IBEX International said it is investing US$1.5 million, about J$189.3 million, to retrofit space formerly occupied by Empire Supermarket in Portmore, St Catherine, to expand its business process outsourcing (BPO) operation and in the process provide...

Published:Sunday | December 3, 2017 | 12:00 AM

A new and potentially challenging way of thinking about the future of tourism is evolving. It sees the industry as having an economic purpose that is quite different from the role it presently plays in much of the Caribbean.The new paradigm requires...

Published:Sunday | December 3, 2017 | 12:00 AM

QUESTION: My children's father passed away three years ago. We lived together for 13 years, and during that time we had two children. After his death, I tried to get his NIS contribution for the children but was told at the NIS office that because...

Published:Sunday | December 3, 2017 | 12:00 AM

Members of company boards are accountable for solving a dilemma: how should they intervene when problems inside the organisation crop up? Do they always give managers the benefit of their advice? Should they become coaches, perhaps even taking up...

Published:Sunday | December 3, 2017 | 12:00 AMSteven Jackson

Gwest Corporation plans to raise nearly $425 million in its initial public offering (IPO) this month in order to expand its business.The company plans to sell some 35 per cent of the company in the listing to the public, led by broker JMMB...

Published:Sunday | December 3, 2017 | 12:00 AM

US stocks veered sharply lower as investors worried that former national security adviser Michael Flynn's guilty plea to lying to the FBI could spell trouble for the White House and its legislative agenda, including a tax overhaul currently under...

Published:Sunday | December 3, 2017 | 12:00 AM

Senate Republicans steamed towards passage of a $1.4 trillion tax bill on Friday, overcoming eleventh-hour hitches in their drive to deliver a major legislative accomplishment to President Donald Trump by Christmas."We have the votes," Senate...

Published:Sunday | December 3, 2017 | 12:00 AM

Geraldo Rivera is apologising for a memoir published a quarter-century ago that recounts sexual experiences he says he's now "embarrassed" about.In a tweet on Friday, Rivera, now a Fox News Channel reporter, cites his "tawdry" book and what he calls...

Published:Sunday | December 3, 2017 | 12:00 AM

The Chinese government on Friday criticised US opposition to granting Beijing market economy status in the World Trade Organization (WTO) as reminiscent of the Cold War.A US document released Thursday in Geneva supports the European Union in...

Published:Sunday | December 3, 2017 | 12:00 AM

What impact will the 2017 Atlantic hurricane season have on the cost of property insurance in Jamaica and the rest of the Caribbean in 2018? The season officially ended on November 30. Also, many companies and organisations have already began...

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