Thu | Jan 28, 2021

Business

Published:Sunday | January 17, 2021 | 12:10 AM

ADVISORY COLUMN: SMALL BUSINESS QUESTION: I have been doing crochet clothing and craft for five years and selling mainly to vendors and shops on the north coast. My business has all but collapsed since the pandemic, and I need advice about the way...

Published:Sunday | January 17, 2021 | 12:10 AM

QUESTION: I want to invest, but I don’t know what company to invest in and how to. I don’t know where to start, but I know I would like to make a step towards some kind of investment that can turn over money short term. – Shanakay FINANCIAL...

Published:Sunday | January 17, 2021 | 12:10 AM

The Tell Claudienne column of the January 3, 2021, Sunday Observer inspired today’s article. Her mission is to solve consumers’ problems with a store, utility, or company. Three insurance-sector companies, a broker and two insurers, that are...

Published:Sunday | January 17, 2021 | 12:09 AM

Mexico said on Wednesday it will invoke the labour section of the free-trade agreement signed with the United States last year to pressure for its workers in the United States to have access to the COVID-19 vaccine, regardless of their immigration...

Published:Sunday | January 17, 2021 | 12:05 AMHuntley Medley - Associate Business Editor

An apparent increase in incidents of theft and cloning or attempted cloning of debit and credit cards sent to bank customers through the mail has led to commercial banks abandoning the Jamaica Postal Service as a method of delivering cards....

Published:Sunday | January 17, 2021 | 12:05 AM

Banking conglomerate NCB Financial Group wants to expand its digital offerings fivefold within its Payment Services segment in three years. “By 2024, this segment aims to shift its end-to-end digital capabilities from 15 per cent to at least 80...

Published:Sunday | January 17, 2021 | 12:05 AM

The long period of record-low rates on home loans could soon be over. Long-term bond yields, which can influence interest rates on mortgages and other consumer loans, are climbing this month amid expectations of higher United States government...

Published:Sunday | January 17, 2021 | 12:05 AM

Traffic on Highway 2000 East West, which runs from Kingston to May Pen, dipped by 15 per cent, or 3.6 million vehicles, due to the dampening effects of the pandemic on travel and the economy. Highway operator TransJamaican Highway Limited tolled 20...

Published:Friday | January 15, 2021 | 2:27 PM

The Jamaica Stock Exchange (JSE) Combined Index ended the week on a winning note, continuing the reversal of its losing trend. The moderate trading ended with an advance/decline ratio of 36/37. The index advanced by 850.39 points or 0.22 per cent...

Published:Friday | January 15, 2021 | 12:16 AMKarena Bennett - Business Reporter

Beverage maker and distributor Wisynco Group Limited, which has close to $6 billion in cash resources, is thinking of buying back some its shares from the market to get the stock price trending up again. The stock is currently trading within the $...

Published:Friday | January 15, 2021 | 12:13 AM

China’s exports rose in 2020 despite pressure from the coronavirus and a tariff war with Washington, boosting its politically volatile trade surplus to US$535 billion, one of the highest ever reported. Exports increased 3.6 per cent over 2019 to US...

Published:Friday | January 15, 2021 | 12:13 AM

Encrypted messaging apps Signal and Telegram are seeing huge upticks in downloads from Apple and Google’s app stores. Facebook-owned WhatsApp, by contrast, is seeing its growth decline following a fiasco that forced the company to clarify a...

Published:Friday | January 15, 2021 | 12:13 AM

Delta Air Lines closed the books on a disastrous 2020 with a comparatively small fourth-quarter loss, and executives expect a few more rocky months before — they hope — widespread coronavirus vaccinations and testing might salvage something of the...

Published:Friday | January 15, 2021 | 12:12 AMNeville Graham - Business Reporter

Beer maker Red Stripe Jamaica is pulling back from its farming venture, Project Grow, after five years, reducing both the acreages of cassava under its direct control as well as those farmed under contract, and has already shuttered three farms....

Published:Friday | January 15, 2021 | 12:12 AM

Most undocumented migrants crossing the United States’ southern border come from three small countries: El Salvador, Guatemala, and Honduras. Known collectively as Central America’s ‘Northern Triangle’, these countries will receive an outsized...

Published:Friday | January 15, 2021 | 12:10 AMKarena Bennett - Business Reporter

Beverage maker Trade Winds Citrus Limited is converting from bunker oil to liquefied natural gas as fuel source for the company’s steam generator plant, or boiler, and has hired New Fortress Energy to supply the LNG. Eventually, Trade Winds aims to...

Published:Friday | January 15, 2021 | 12:08 AMSteven Jackson - Senior Business Reporter

Jamaica’s potential oil reserves are now closer to tenfold the level of previous estimates, according to the latest detailed study, but the ministry in charge of energy argues that the findings are still preliminary and it’s therefore premature to...

Published:Friday | January 15, 2021 | 12:07 AMSteven Jackson - Senior Business Reporter

Ehave Inc, a North American listed company which offers magic mushroom and ketamine services, announced that it elected Jamaica’s Mark Croskery to the board of its new subsidiary, to focus on securing deals in Jamaica and the region. Both Ehave...

Published:Thursday | January 14, 2021 | 12:19 PM

Digicel Jamaica today announced Jabbor Kayumov as its new head No stranger to Digicel, Kayumov has headed up Digicel’s operations in Trinidad & Tobago for the last two years. The company says he quickly made his mark on the business by...

Published:Thursday | January 14, 2021 | 12:06 AM

Ford Motor Company said on Monday it will close three plants in Brazil and stop producing automobiles in the South American country, where it has been operating since 1919. The company said in a statement it will cease production immediately at...

Published:Wednesday | January 13, 2021 | 3:10 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday continuing a losing trend, declining marginally. The moderate trading ended with an advance/decline ratio of 32/44. The JSE Combined Index declined by 1601.43 points or 0.41 per cent...

Published:Wednesday | January 13, 2021 | 12:21 AMNeville Graham/Business Reporter

Aloun Ndombet Assamba’s departure as CEO of Jamaica’s second-largest credit union, COK Sodality, was announced through a press advertisement, officially ending her second stint running the community bank on a reform agenda on December 31. But while...

Published:Wednesday | January 13, 2021 | 12:12 AM

The Trump administration on Monday redesignated Cuba as a “state sponsor of terrorism”, hitting the country with new sanctions that could hamstring President-elect Joe Biden’s promise to renew relations with the island. Secretary of State Mike...

Published:Wednesday | January 13, 2021 | 12:12 AM

The friends from Jackson, Mississippi were among tens of thousands of American tourists who descended on Mexico’s glittering Caribbean beaches at the close of 2020 and the start of this year. Quintana Roo state, the country’s tourism crown jewel...

Published:Wednesday | January 13, 2021 | 12:11 AM

You don’t have to be a neuroscientist to understand that your brain determines what you see at least as much as the objects of perception do. This is even more the case in the social world, which generally reflects concepts – such as freedom,...

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