Sat | May 30, 2020

Business

Published:Sunday | May 17, 2020 | 12:05 AMMcPherse Thompson - Assistant Editor – Business

Dawkins Brown, the executive ­chairman of Dawgen Global, was struck off the list of accountants in March allegedly for professional misconduct, but he is now waging a legal battle for ­reinstatement that pits him against the Public Accountancy...

Published:Sunday | May 17, 2020 | 12:05 AM

Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island. But first, assessing all your financing options can save you money. As the...

Published:Saturday | May 16, 2020 | 12:18 AM

ADVISORY COLUMN: PRODUCTIVITY Is your company being undermined by obsolete assumptions held by some of your leaders? To move forward, they must be challenged. In our work to develop clients’ breakthrough strategies, we try to highlight such hidden...

Published:Friday | May 15, 2020 | 4:23 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 31/34. The index moved down by 1,923.06 points or 0.52 per cent to close at 371,399.39. The JSE Main Market Index declined by 2,003.95 points or 0....

Published:Friday | May 15, 2020 | 12:19 AMKarena Bennett - Business Reporter

J AMAICA’S TOP coffee roasters have signalled to the commodity regulator that one of their own, Salada Foods Jamaica Limited, would buy built-up inventory of beans at US$3 per pound. But well-placed sources say that Salada has been buying beans at...

Published:Friday | May 15, 2020 | 12:18 AMKarena Bennett - Business Reporter

MARINE ATTRACTION Dolphin Cove Limited hopes to reopen for business in mid-July, but says the plan rides on the extent to which the Government will allow visitors to enter the island and the destinations to which most of the tourists are bound. The...

Published:Friday | May 15, 2020 | 12:16 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER SELF-INTEREST IS a tenet of capitalism. In 1776, Adam Smith, the father of market-based economics, wrote: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our...

Published:Friday | May 15, 2020 | 12:16 AM

TOLL ROAD operator TransJamaican Highway Limited, TJH, experienced losses in the March quarter, continuing the trajectory from last year, and is anticipating even more fallout in business due to the impacts of the pandemic on travel and commute....

Published:Friday | May 15, 2020 | 12:13 AMSteven Jackson - Senior Business Reporter

PLAYA RESORTS, which operates hotels in Jamaica, Dominican Republic and Mexico, plans to reopen in July with the pitch of the resorts being a safe space away from the pandemic. The closure of the 23 hotels in its chain since late March will cost...

Published:Friday | May 15, 2020 | 12:09 AM

UNITED STATES Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and...

Published:Friday | May 15, 2020 | 12:09 AM

THE FAIR Trading Commission, FTC, has adopted four key actions devised by the United Nations Conference on Trade and Development, to protect competition in the Jamaican market during the COVID-19 pandemic. These include ensuring equitable...

Published:Thursday | May 14, 2020 | 4:22 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday with an advance/decline ratio of 33/32. The JSE index moved up by 1,968.80 points or 0.53 per cent to close at 373,322.45. The JSE Main Market Index advanced by 2,275.43 points or...

Published:Thursday | May 14, 2020 | 9:25 AM

The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 42/25. The index declined by 915.22 points or 0.25 per cent to close at 371,353.65. The JSE Main Market Index declined by 981.01 points or 0.26...

Published:Thursday | May 14, 2020 | 12:06 AM

MAJOR BUSINESS groups in Germany, France and Italy are urging European governments to ramp up their joint fiscal stimulus efforts against the economic downturn caused by the virus outbreak, saying that the EU response “must be of an unprecedented...

Published:Wednesday | May 13, 2020 | 12:20 AM

Rum sales by J. Wray...

Published:Wednesday | May 13, 2020 | 12:18 AMBlossom O'Meally Nelson - Guest Columnist

OP-ED CONTRIBUTION: COVID...

Published:Wednesday | May 13, 2020 | 12:17 AM

Mexican construction giant Cemex, the ultimate owner of Caribbean Cement Company in Jamaica, announced plans to review over US$22 million in regional projects, amid pay cuts. The company expects reduced demand arising from the ongoing COVID-19...

Published:Wednesday | May 13, 2020 | 12:16 AM

Tesla CEO Elon Musk is restarting its California factory in defiance of local government efforts to contain the coronavirus. In a tweet Monday, Musk practically dared authorities to arrest him, writing that he would be on the assembly line and if...

Published:Wednesday | May 13, 2020 | 12:16 AMSteven Jackson/Senior Business Reporter

Liberty Latin America, the parent company of telecom FLOW, indicated that it will hold prices firm and generally not disconnect customers in arrears for the moment. The policy gives heed to the entreaties of governments for telecoms to be lenient...

Published:Wednesday | May 13, 2020 | 12:10 AMNeville Graham/Business Reporter

Seprod Limited is finally rid of sugar, having wound up the Golden Grove subsidiary at a cost of nearly three-quarters of a billion dollars. The conglomerate had a bittersweet year as a result, with revenue climbing 45 per cent to $32.7 billion,...

Published:Wednesday | May 13, 2020 | 12:05 AM

The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in US consumer prices since the 2008 financial crisis – a 0.8 per cent drop that was driven by a plunge in gasolene prices. And excluding the normally...

Published:Tuesday | May 12, 2020 | 4:36 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Tuesday with an advance/decline ratio of 41/26. The index advanced by 1,253.98 points or 0.34 per cent to close at 372,268.87 The JSE Main Market Index advanced by 828.05 points or 0.22...

Published:Tuesday | May 12, 2020 | 1:09 PM

BEIJING (AP): China suspended punitive tariffs on more United States goods, including radar equipment for aviation, Tuesday amid pressure from President Donald Trump to buy more imports as part of a truce in their trade war. The Ministry of Finance...

Published:Tuesday | May 12, 2020 | 12:08 AM

China’s direct investment in the United States fell last year to its lowest level since the Great Recession, even before the coronavirus pandemic shut down much of global commerce. The decline in Beijing’s investment in the United States reflected...

Published:Monday | May 11, 2020 | 1:51 PM

The weighted average selling rate of the Jamaican dollar has now reached a new high of $146.33 to the United States currency. According to the Bank of Jamaica trading summary today, the weighted average selling rate of the British pound sterling...

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