Wed | Dec 12, 2018

Business

Published:Friday | October 19, 2018 | 12:00 AM

Jamaica slid one spot in the ranking on the Global Competitiveness Index to 79 among 140 nations, despite an improvement in its score.The United States topped the list for the first time in years, followed by...

Published:Friday | October 19, 2018 | 12:00 AM

THE EDITOR, Sirs:I write with reference to your published article 'Judge's retirement nullifies $29b lawsuit: Richard Lake Case against NCB to be tried again' in last Friday's issue of the Financial Gleaner.Your article is...

Published:Friday | October 19, 2018 | 12:00 AM

Luxury bus company Knutsford Express Services Limited, which trades under the symbol KEX, is looking to the luxury and corporate market to boost earnings, atop the double-digit profit growth it...

Published:Friday | October 19, 2018 | 12:00 AM

Guardsman Group now has a specialist cleaning arm branded as MOPS, or Masters of Property Sanitation.The company will offer both contract-based and one-off services for hospitals, hotel rooms, schools and office...

Published:Friday | October 19, 2018 | 12:00 AM

The fight for local cement market share is about to get more intense.That's if the Haiti-based Gilbert Bigio Group, GB, follows through on a plan to build out a stronger footprint in Jamaica by...

Published:Friday | October 19, 2018 | 12:00 AM

Spanish police have arrested a former Venezuelan official and an exiled opposition leader's relative and seized more than 115 properties in a money-laundering investigation into a ring...

Published:Friday | October 19, 2018 | 12:00 AM

Less than two months before President Enrique Pena Nieto leaves offices his administration is seeking to shield itself from a corruption investigation that has the potential to sweep up federal...

Published:Thursday | October 18, 2018 | 12:04 PMSteven Jackson

  Microfinancing company Access Financial Services Limited is buying a consumer finance firm in Florida, United States, but is holding back on the details of the transaction until the deal receives regulatory approval.  The transaction is...

Published:Thursday | October 18, 2018 | 12:00 AM

A protest by tens of thousands of people across Haiti turned violent Wednesday as anger grows over the alleged misuse of funds from an oil assistance programme sponsored by Venezuela.Gunshots rang out while protesters threw rocks, blocked roads and...

Published:Wednesday | October 17, 2018 | 12:15 AMNeville Graham/ Business Reporter

Facey Group is offering up nearly 92 million of the shares it holds in Seprod Limited for sale to stock market investors, but will retain a 17 per cent stake in the company.Both entities are members of the privately held Musson Jamaica conglomerate....

Published:Wednesday | October 17, 2018 | 12:05 AM

QUESTION: I recently started a part-time enterprise after a redundancy at my former workplace. I took a little less than two years to do so. I had been working 21 years at my previous employment. I decided to go back into the employment market, and...

Published:Wednesday | October 17, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Local coffee exporters returned from Japan this month without any indication of pricing or deals from the large trading importers, which puts the US$25 million industry at a near standstill at least until Christmas.At the same time, the sector is...

Published:Wednesday | October 17, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Airport operator Grupo Aeroportuario del Pacifico, GAP, announced plans to invest US$60 million in the first three years of operating the Norman Manley International Airport, NMIA, according to stock market filings.Additionally, the Mexican company...

Published:Wednesday | October 17, 2018 | 12:00 AM

Microfinance company ISP Finance Services Limited has raised $75 million of debt for lending during its busy Christmas season.Existing funds available for lending were mostly utilised during the back-to-school period, the company said."We met the...

Published:Wednesday | October 17, 2018 | 12:00 AM

The British government will have to spend an extra £19 billion (US$25 billion) a year on public services by the year 2022-23 if it's to deliver on Prime Minister Theresa May's promise to end austerity, a well-respected think tank said on Tuesday.In...

Published:Wednesday | October 17, 2018 | 12:00 AM

German law enforcement authorities added another chapter to Volkswagen's diesel scandal Tuesday by fining the company's luxury division Audi €800 million (US$925 million) for selling cars rigged to cheat on emissions tests.Prosecutors in Munich...

Published:Wednesday | October 17, 2018 | 12:00 AM

A jump in prescription drug sales and a sharply reduced tax bill boosted Johnson...

Published:Wednesday | October 17, 2018 | 12:00 AMHuntley Medley/ Senior Business Writer

High on the agenda of the umbrella Jamaica Bankers Association, JBA, now led by president David Noel, is pressing the Government for banks to pay less tax.So is growing the number of 'banked' Jamaicans from the current estimate of 30 per cent.All...

Published:Wednesday | October 17, 2018 | 12:00 AM

Google plans to start charging smartphone makers to pre-install apps like Gmail, YouTube and Google Maps on Android handsets sold in Europe, a response to a record US$5-billion antitrust fine imposed by the European Union.The American tech company's...

Published:Sunday | October 14, 2018 | 12:00 AMNeville Graham

Having set up a new factory in central Jamaica a year ago, Sweetie Confectionery Company is looking to go deeper into exports in multiple markets.Key to its latest initiative is a partnership with fellow angel-financed company Billodex through which...

Published:Sunday | October 14, 2018 | 12:00 AMSteven Jackson

Tech start-up SiFi Studios Jamaica Limited has developed a mobile app that allows real estate agents to list properties on a platform called Keez.It requires agents to sign up to list properties on the market. When prospective buyers click on the...

Published:Sunday | October 14, 2018 | 12:00 AM

Question: Some insurance companies are owned and/or controlled by entities that run banks and other financial services providers. Some banks also own insurance companies. Loans are often tied or 'married' to the products of one insurer. Consumers do...

Published:Sunday | October 14, 2018 | 12:00 AM

QUESTION: Yaneek, I enjoy your articles and learn so much from you. I have a small salon and my prices stay the same since I opened in 2016, but the cost of living is going up every day now. All hair products, the light bill, water rate, transport...

Published:Sunday | October 14, 2018 | 12:00 AM

Automakers are continually making changes in vehicles.These can be technological breakthroughs such as the automatic emergency-braking systems that are increasingly becoming standard on new cars. Some are mandated changes such as a federal...

Published:Sunday | October 14, 2018 | 12:00 AM

QUESTION: I am currently in debt for a total of $1.2 million, which is spread across three financial institutions. My credit score is the lowest. I earn $106,000 net per month. My bus fare for work is $30,000 per month, and I have two children, ages...

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