Wed | Jun 26, 2019

Business

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...

Published:Wednesday | June 19, 2019 | 12:20 AM

Boeing executives apologised Monday to airlines and families of victims of 737 Max crashes in Indonesia and Ethiopia, as the American plane maker struggles to regain the trust of regulators, pilots and the global traveling public. Some victims’...

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

At least two fuel marketing companies have entered into discussions with Jamaica Public Service Company, JPS, to outfit their service stations with electric vehicle or EV charging stations. The power utility is rolling out a national pilot...

Published:Wednesday | June 19, 2019 | 12:11 AMHuntley Medley - Senior Business Writer

Harriat ‘Harry’ Maragh has built up significant holdings over many decades in the shipping industry. He now owns multimillion-dollar properties adjacent to the port of Kingston, where he once fished and caught crabs as a little boy growing up in...

Published:Wednesday | June 19, 2019 | 12:08 AM

Gaming company Supreme Ventures Limited, SVL, has finalised its majority acquisition of bookmaker Post to Post Betting Limited and has named one of the acquired company’s directors, Damian Chin-You, to its own board. The appointment is the latest...

Published:Tuesday | June 18, 2019 | 12:28 PM

The European Central Bank could unleash more stimulus if the economy does not pick up soon, its president warned Tuesday, sparking a sharp drop in the euro. Mario Draghi told a conference in Sintra, Portugal, that the ECB was not resigned in its...

Published:Tuesday | June 18, 2019 | 12:42 AM

As lights turned back on across Argentina, Uruguay and Paraguay after a massive blackout that hit tens of millions people, authorities were still largely in the dark about what caused the collapse of the interconnected grid and were tallying the...

Published:Sunday | June 16, 2019 | 12:26 AM

When the United States Federal Reserve cuts interest rates, or even hints that it is about to, investors cheer. That is because lowering rates stokes the overall economy, which sends stock prices higher – usually, that is. The Fed has initiated 16...

Published:Sunday | June 16, 2019 | 12:25 AM

When in the early 1990s it became apparent that Europe’s preferential regimes for Caribbean bananas and sugar were coming to an end, an impassioned debate began about a transition to other forms of economic activity. For the most part, the focus...

Published:Sunday | June 16, 2019 | 12:25 AM

Each Wednesday, I make a what-to-write-about decision. Should my column be a response to a reader’s question? Or should I express an opinion about a topical and more challenging issue? Last Wednesday, I opted for the safer alternative. Part of...

Published:Sunday | June 16, 2019 | 12:25 AM

Many marriage counsellors report that financial issues are the most common ones raised by couples seeking help to mend their relationship. It seems, therefore, that money-related issues are the most likely ones to pull apart a husband and wife who...

Published:Sunday | June 16, 2019 | 12:24 AM

Now and then I come across a quote that makes me stop and think, including this one from Seth Godin: “The challenge that organisations have is that they haven’t trained, rewarded, or permitted their frontline employees to exert emotional labour to...

Published:Sunday | June 16, 2019 | 12:24 AM

Three of the five business segments operated by banking conglomerate Scotia Group Jamaica, SGJ, made less revenue at half year, which led to lower profits In its financial results released on Thursday, Scotia Group profit for the April quarter...

Published:Sunday | June 16, 2019 | 12:17 AM

The long-touted plan of turning Jamaica’s trash to cash is one step closer to reality. The Government is in the process of engaging a consultant to make the business case and structure the transaction for the divestment of Jamaica’s waste disposal...

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