Thu | Jan 28, 2021

Business

Published:Friday | January 22, 2021 | 12:18 AM

The government of Trinidad...

Published:Friday | January 22, 2021 | 12:18 AM

Private equity fund Portland JSX Limited is dragging a US$1.5-million loss, due to write-downs in the value of its investments, but sees signs of a turnaround in its latest numbers to November. This month, it’s also due to collect income of US$977,...

Published:Friday | January 22, 2021 | 12:18 AM

The following statement was released on Wednesday by the Bank of Jamaica, BOJ, regarding the latest inflation data released by Statin. It is reproduced here in full. On Friday, January 15, the Statistical Institute of Jamaica published its...

Published:Friday | January 22, 2021 | 12:18 AM

With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank, ECB, left its key bond-purchase programme unchanged on Thursday as the 19-country eurozone endures a winter economic slowdown due to the...

Published:Friday | January 22, 2021 | 12:17 AMKarena Bennett - Business Reporter

A survey by the Statistical Institute of Jamaica, Statin, around COVID-19’s impact on households, conducted during the month of October, has found that 45.8 per cent of Jamaicans have had their incomes reinstated to levels before the coronavirus...

Published:Friday | January 22, 2021 | 12:17 AM

China’s highest-profile entrepreneur, Jack Ma, appeared on Wednesday in an online video, ending a 2½-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group. In the 50-second...

Published:Friday | January 22, 2021 | 12:17 AM

With only three of the large Latin American countries slated for presidential elections in 2021, the political calendar appears to be light. However, a closer look shows a slew of local, municipal and midterm elections, as well as a pretty heavy...

Published:Friday | January 22, 2021 | 12:17 AM

Construction on the long-disputed Keystone XL oil pipeline halted on Wednesday in anticipation of United States President Joe Biden revoking its permit. Biden’s day-one plans included moving to revoke a presidential permit for the pipeline. The...

Published:Friday | January 22, 2021 | 12:16 AM

Wilfred Baghaloo, a trustee for bankrupt Jamaica Beverages Limited, JBL, wants to settle all outstanding debt by mid-February and has put out the call for creditors to prove their claims against the estate. The settlements will be funded from the...

Published:Friday | January 22, 2021 | 12:16 AM

Bus company Knutsford Express Services Limited, which offers cross-country commutes, should benefit from improved cash in its operations as it continues to draw down on borrowed funds to withstand the recession and fallout in travel. Knutsford...

Published:Thursday | January 21, 2021 | 4:20 PM

The Jamaica Stock Exchange (JSE) combined index declined on Thursday with an advance/decline ratio of 37/31. The JSE Combined Index declined by 1,284.08 points or 0.33 per cent to close at 383,528.21. The JSE Main Market Index declined by 1,563.62...

Published:Thursday | January 21, 2021 | 12:15 AM

US stocks rallied to records on Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy. The S...

Published:Wednesday | January 20, 2021 | 4:34 PM

The Jamaica Stock Exchange (JSE) combined index declined on Wednesday with an advance/decline ratio of 39/26. The JSE Combined Index declined by 753.99 points or 0.20 per cent to close at 38,812.29. The JSE Main Market Index declined by 925.66...

Published:Wednesday | January 20, 2021 | 7:01 AM

ADVERTORIAL: MC SYSTEMS Six major technology applications are among the key trends to watch out for in 2021. These are: • Expansion in remote working and video conferencing • Increased competition in remote educational delivery tools • New uses...

Published:Wednesday | January 20, 2021 | 12:14 AMKarena Bennett/Business Reporter

Ice cream maker Caribbean Cream Limited, which trades as Kremi, is looking to invest US$2 million, or $288 million in local currency, in a combined heat and power or CHP plant. The company says it is in discussions with liquefied natural gas or LNG...

Published:Wednesday | January 20, 2021 | 12:12 AM

Consumer and business confidence inched up for the first time in four quarters, driven by expectations for jobs and future profits, the survey for the December quarter has found. Optimism broke through even though large numbers of Jamaicans are...

Published:Wednesday | January 20, 2021 | 12:12 AM

Janet Yellen, President-elect Joe Biden’s choice as US Treasury secretary, said Tuesday that the incoming administration would focus on winning quick passage of its US$1.9 trillion pandemic relief plan, rejecting Republican arguments that the...

Published:Wednesday | January 20, 2021 | 12:10 AM

Efforts to assess the impact of a more than seven-month-old cyberespionage campaign blamed on Russia – and boot the intruders – remain in their early stages, says the cybersecurity firm that discovered the attack. The hack has badly shaken the...

Published:Wednesday | January 20, 2021 | 12:09 AM

Russian state gas company Gazprom acknowledged there is a risk that its undersea pipeline to Germany could be suspended or cancelled after the United States imposed sanctions on Tuesday on a Russian ship involved in its construction. Germany’s...

Published:Wednesday | January 20, 2021 | 12:09 AM

Today, January 20, Joe Biden becomes the 46th president of the United States. Many governments and individuals around the world will breathe a collective sigh of relief. This will not be because a Democrat has replaced a Republican, but because an...

Published:Wednesday | January 20, 2021 | 12:09 AM

Sales at chemicals company Paramount Trading Jamaica has fallen off by nearly $100 million at half-year, with much of the impact felt on the lubricants side of the business due to changes in travel patterns and volumes under the pandemic. And while...

Published:Wednesday | January 20, 2021 | 12:08 AMNeville Graham/Business Reporter

They blame a spike in commodity prices and shipping costs. Hardware merchants and suppliers say they’re shelling out up to five times more on imports into Jamaica, and that the construction materials they trade in would inevitably become more...

Published:Wednesday | January 20, 2021 | 12:07 AMHuntley Medley/Associate Business Editor

The imposing 10-storey Soleil Residences condominium complex is the newest development along the Montego Freeport peninsula in Montego Bay, an area that has become a location for high-end resort living in western Jamaica. One real estate company is...

Published:Wednesday | January 20, 2021 | 12:05 AMKarena Bennett/Business Reporter

Andrew Issa will soon roll out a new real estate development on the road to doubling the volume of commercial space held and managed by his companies to around 200,000 square feet in four years. The new project slated to go to construction in New...

Published:Tuesday | January 19, 2021 | 12:12 AM

Trucks owned by United Kingdom shellfish firms descended on Britain’s Parliament on Monday to protest the Brexit-related red tape they claim is suffocating their businesses. More than a dozen large lorries – one bearing the words ‘Brexit carnage...

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