Sun | Sep 20, 2020

Business

Published:Thursday | September 3, 2020 | 12:13 AM

Virgin Atlantic’s £1.2-billion (US$1.6-billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after the devastation caused by the coronavirus pandemic...

Published:Wednesday | September 2, 2020 | 12:37 AMKarena Bennett/Business Reporter

Stationery...

Published:Wednesday | September 2, 2020 | 12:36 AMKarena Bennett/Business Reporter

Tuesday, September 1, should have seen Salada changing the formulation of its instant coffee to include 30 per cent Jamaican beans, up from the 10 per cent that its products now incorporate. Instead, the company has turned to the courts for an...

Published:Wednesday | September 2, 2020 | 12:22 AM

Flower growers in Ecuador are trimming back their fields, cutting plants at the root and, in some cases, tossing out piles of colourful blooms entirely as the pandemic delivers a devastating blow to one of the nation’s biggest export industries....

Published:Wednesday | September 2, 2020 | 12:21 AMSteven Jackson/Business Reporter

Money transfers to Jamaica are projected to have grown 14 per cent for the June quarter, reflecting a recovery from the initial onslaught of the pandemic, based on Bank of Jamaica, BOJ, preliminary estimates. For the month of June alone,...

Published:Wednesday | September 2, 2020 | 12:20 AMMasood Ahmed and Mauricio Cárdenas - Guest Columnists

The coronavirus pandemic has had a devastating impact on middle-income countries, MICs. With the exception of the United States, the 10 countries with the highest number of COVID-19 cases to date are all MICs. And the same is true for new daily...

Published:Wednesday | September 2, 2020 | 12:20 AM

South Korean prosecutors on Tuesday indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up what could be a protracted legal battle to determine whether the 52-year-old billionaire illegally...

Published:Wednesday | September 2, 2020 | 12:16 AM

A day after its 5-for-1 stock split took effect, Tesla announced plans on Tuesday to sell up to US$5 billion worth of common shares. The electric car and solar panel maker says in a filing with securities regulators that it intends to sell up to 10...

Published:Wednesday | September 2, 2020 | 12:10 AMSteven Jackson/Senior Business Reporter

Brokerage house JN Fund Managers Limited last week recommended that its clients participate in the Barita Investments Limited additional public offering of new shares, or APO, but controversy brewed online when a series of tweets implied that the...

Published:Tuesday | September 1, 2020 | 5:21 PM

The Jamaica Stock Exchange (JSE) Combined Index declined by 6628 points or 1.8 per cent to close at 360,752.6 points with an advance/decline ratio of 26/37 on Tuesday. The JSE Index declined by 6,792.78 points ( 1.83 per cent) to close at 363,489....

Published:Tuesday | September 1, 2020 | 12:19 AM

On the cusp of a crucial month of negotiations on a post-Brexit trade deal between the European Union, EU, and the United Kingdom, France has lambasted British Prime Minister Boris Johnson’s government for what it sees as deliberate stalling and...

Published:Sunday | August 30, 2020 | 1:04 AM

Walmart said Thursday it may join Microsoft to buy the US-based operations of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration. Microsoft and TikTok declined to comment. TikTok, through its fun,...

Published:Sunday | August 30, 2020 | 1:04 AM

A Houston energy firm has dropped a lawsuit against Venezuela’s former oil czar, who it had accused of orchestrating demands for a US$10 million bribe to approve an asset sale in the South American country. The dismissal came in a filing in Houston...

Published:Sunday | August 30, 2020 | 1:02 AMNeville Graham - Business Reporter

After a tentative reopening on June 15, summer tourist arrivals are less than a third of normal levels. Minister of Tourism Edmund Bartlett says the latest count shows that 120,000 tourists have come to Jamaica since the country reopened its...

Published:Sunday | August 30, 2020 | 1:01 AM

ADVISORY COLUMN: SMALL BUSINESS QUESTION: Which political party has the best plans for small businesses? BUSINESSWISE: It is a critical question I have been asked several times from social media users since Prime Minister Andrew Holness...

Published:Sunday | August 30, 2020 | 1:00 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: A vendor has recently accepted my offer for an apartment in St Andrew. I have contacted my lawyer, who has reviewed the sales agreement and found nothing of concern. The other individual and I...

Published:Sunday | August 30, 2020 | 12:57 AM

ADVISORY COLUMN: RISKS...

Published:Sunday | August 30, 2020 | 12:55 AMSteven Jackson - Senior Business Reporter

Blue Mountain Bicycle Tours is investing millions to expand its zipline attraction at Cedar Valley despite the COVID-19 pandemic, which could further delay the opening of the ride. The project involves setting up a second zipline, which would...

Published:Sunday | August 30, 2020 | 12:52 AMKarena Bennett - Business Reporter

Discounts and bundled packages are becoming the new norm for some of Jamaica’s largest players in the attractions markets as they seek to keep their doors open under protocols that have served to limit access to their primary source of income:...

Published:Sunday | August 30, 2020 | 12:47 AMKarena Bennett - Business Reporter

An investigation is now underway to determine the cause of a system outage JMMB Bank has been experiencing since Wednesday, which has affected online banking services on the Moneyline platform. The financial group, which operates in Trinidad...

Published:Friday | August 28, 2020 | 4:14 PM

The Jamaica Stock Exchange (JSE) combined index declined on Friday with an advance/decline ratio of 26/32. The combined index moved down by 765.70 points or 0.21 per cent to close at 364,025.60. The JSE Main Market Index declined by 775.38 points...

Published:Friday | August 28, 2020 | 12:24 AM

The energy industry is assessing damages caused by storm surges and high winds as Hurricane Laura cuts a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday. Oil and gas producers evacuated platforms and...

Published:Friday | August 28, 2020 | 12:23 AM

The worsened economic picture painted Wednesday by the governor of Bank of Jamaica, BOJ, is largely associated with the resurgence of the virus in major trading partner countries as well as updated assessments of the impact of the crisis on some...

Published:Friday | August 28, 2020 | 12:23 AMEswar Prasad - Guest Columnist

A few years ago, China’s currency seemed to be rising inexorably to global dominance. The renminbi had become the fifth most important currency for international payments, and in 2016, the International Monetary Fund, IMF, included it in the basket...

Published:Friday | August 28, 2020 | 12:23 AM

Financial conglomerate JMMB Group Limited expects the dollar to steadily slide and inflation to remain low. The company led by Keith Duncan – the same man who heads the monitoring group that’s meant to help keep Jamaica’s economic reform programmes...

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