Tue | Jan 26, 2021

Business

Published:Sunday | January 10, 2021 | 12:07 AM

People in Virginia in the United States have long been sidelined when it comes to gambling, but it’s a safe proposition that sometime before the upcoming Super Bowl, they will be able to wager from the comfort of their couches as Virginia joins a...

Published:Sunday | January 10, 2021 | 12:05 AM

Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing chequebooks and paying in cash. But if you’re planning to impart the same lessons to your own children, ask...

Published:Sunday | January 10, 2021 | 12:05 AM

In the United States of America 10.7 million people are out of work as of November 2020, and with 3.9 million of those workers having been unemployed for 27 weeks or more, many have been forced into having tough money conversations as a result of...

Published:Friday | January 8, 2021 | 3:54 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 33/34.  The index moved lower by 808 points or 0.2 per cent to close at 391,045 points. The index also closed roughly 193 points lower since...

Published:Friday | January 8, 2021 | 12:09 AMSteven Jackson - Senior Business Reporter

Derrimon Trading Limited, DTL, owners and operators of the Sampars and Select Grocers supermarkets, among other holdings, expects to more than double profits to approximately $800 million by acquiring unnamed retail entities in the United States...

Published:Friday | January 8, 2021 | 12:09 AMSteven Jackson - Senior Busines Reporter

Listed Jamaican investment firm Proven Investments Limited says its announced US$21.4-million ($3 billion) acquisition of a majority stake in the Barbados-based food processing company, Roberts Manufacturing, is a further reflection of the more...

Published:Friday | January 8, 2021 | 12:08 AMKarena Bennett - Business Reporter

Listed 138 Student Living Jamaica Limited, 138SL, which controls apartments meant for rental by students at The University of the West Indies’ Mona campus in St Andrew, expects a slow recovery from its COVID-19-induced revenue and profit fall-off,...

Published:Friday | January 8, 2021 | 12:08 AM

After being broadsided in 2020 by an endless barrage of ‘black swan’ events, we are looking for more optimism in 2021. All indications suggest that 2021 should be a very good year. There are some commentators predicting that it could be the start...

Published:Friday | January 8, 2021 | 12:08 AM

The year 2020 was a harrowing one, with the COVID-19 pandemic, worldwide economic reversals, widespread climate-related disasters, pervasive social unrest, and even United States President Donald Trump’s phony claims about massive electoral fraud...

Published:Friday | January 8, 2021 | 12:07 AM

We streamed, we Zoomed, we ordered groceries and house plants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020′s pandemic-induced isolation threw our dependence on technology into...

Published:Friday | January 8, 2021 | 12:07 AM

Book publishing in 2020 was a story of how much an industry can change and how much it can, or wants to, remain the same. “A lot of what has happened this year, if it were a novel, I would say that it had a little too much plot,” said Simon...

Published:Thursday | January 7, 2021 | 12:06 AM

Residents of the state of Montana in the United States are now able to legally grow and possess marijuana as a voter-passed law to legalise recreational use of the substance begins to take effect. Residents can possess up to one ounce of marijuana...

Published:Wednesday | January 6, 2021 | 12:15 AMNeville Graham/Business Reporter

January 2020 would have opened with some amount of optimism about the Jamaican economy. At that time, the economy would have completed 19 consecutive quarters of growth before registering a flat three months to December 2019, as the country’s...

Published:Wednesday | January 6, 2021 | 12:08 AMSteven Jackson/Senior Business Reporter

It’s been a slippery slide for the local stock market over the past two years and the pandemic has made matters that much worse. From the best performing exchange in the world in 2018 repeating a spectacular feat it first accomplished in 2015, to...

Published:Wednesday | January 6, 2021 | 12:07 AMKarena Bennett/Business Reporter

Like so many facets of life in so many places around the world, the agriculture and manufacturing sectors in Jamaica have the COVID-19 pandemic to thank for cutting short and, in fact, overturning the promising growth spurt with which they started...

Published:Wednesday | January 6, 2021 | 12:06 AM

Eppley Caribbean Property Fund Limited SCC – Value Fund (ECPF) says its recent multimillion-dollar acquisition of a 50 per cent controlling stake in Mall Plaza at Half-Way Tree in St. Andrew, is an indication of a deepening of its presence and...

Published:Wednesday | January 6, 2021 | 12:06 AM

COK Credit Union CEO retires Ambassador Aloun Ndombet-Assamba has retired as CEO of COK Sodality Co-operative Credit Union Limited. Ndombet-Assamba, a former member of parliament and minister of tourism who was at one time Jamaica’s high...

Published:Wednesday | January 6, 2021 | 12:06 AMKarena Bennett/Business Reporter

If you have been contemplating moving out of the family home into your own rented space, then 2021 might just be the year to make the move, as early forecasts by the Realtors Association of Jamaica (RAJ) are that rental prices could continue to...

Published:Wednesday | January 6, 2021 | 12:05 AM

Wall Street closed out a tumultuous year for stocks with more record highs on December 31, a fitting coda to the market’s stunning comeback from its historic plunge in the early weeks of the coronavirus pandemic. The benchmark S...

Published:Tuesday | January 5, 2021 | 5:57 PM

WASHINGTON (AP) — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is highly uncertain and growth could be imperilled if...

Published:Tuesday | January 5, 2021 | 11:40 AM

BEIJING (AP) — The New York Stock Exchange has withdrawn plans to delist shares of three Chinese state-owned phone carriers. The shares were to be removed under an order from President Donald Trump, a move Beijing had warned might lead to...

Published:Tuesday | January 5, 2021 | 12:09 AM

Grenada’s Finance Minister Gregory Bowen says the light and power company in that Caribbean country, Grenlec, will continue to operate as a private company under the Companies Act, although the government has repurchased the majority shares owned...

Published:Sunday | January 3, 2021 | 12:09 AMKarena Bennett - Business Writer

It’s a familiar story. Farmers across Jamaica suffer millions of dollars in crop and livestock losses from heavy rains, hurricanes or drought, and the howls of complaints are met by the announcement from Government of plans to look into or fast-...

Published:Sunday | January 3, 2021 | 12:08 AMNeville Graham - Business Reporter

Another company has joined the growing list of firms seeking to cash in on the local electronic payment solutions business. Local tech firm Mobile Edge Solutions, MES, has launched what it is touting as a “robust and customisable” online platform,...

Published:Sunday | January 3, 2021 | 12:08 AMKarena Bennett - Business Reporter

It is expected that for the year just ended, there were more than the 134 million electronic retail payment transactions worth in excess of $4 billion, which the Bank of Jamaica, BOJ, recorded for 2019. Against this background, the central bank has...

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