Mon | Jun 24, 2019

Business

Published:Sunday | June 9, 2019 | 12:18 AM

The feared street gangster El Negrito sleeps with a pistol under his pillow and says he’s lost track of his murder count. But despite his hardened demeanour, he’s quick to gripe about how Venezuela’s failing economy is cutting into his profits....

Published:Sunday | June 9, 2019 | 12:13 AMSteven Jackson - Senior Business Reporter

Shares in Sagicor X Fund ticked upwards after the release of its first-quarter results, but dipped following the announcement of a change of auditor. Richard Byles, chairman of the X Fund, indicated that the change in auditors from PwC St Lucia to...

Published:Sunday | June 9, 2019 | 12:13 AM

Kurt Boothe, general manager of Medical Disposables Limited (MDS) said the company is now strategising to strengthen its core operations in the hospital segment. MDS is a distributor of ­healthcare and consumer products, including...

Published:Sunday | June 9, 2019 | 12:11 AMNeville Graham - Business Reporter

Light and power supplier Jamaica Public Service Company (JPS) is in line for a tax break as it follows through on plans to add storage capacity to the national grid. Last week, State Minister in the Ministry of Industry, Commerce, Agriculture and...

Published:Friday | June 7, 2019 | 12:33 AMSteven Jackson - Senior Business Reporter

The price of patties remains in line with inflation throughout a 10-year period, which suggests that a key staple for Jamaicans remains within overall price movements. Inflation is measured by the overall movement in a basket of goods which are...

Published:Friday | June 7, 2019 | 12:32 AM
Published:Friday | June 7, 2019 | 12:31 AM

Federal regulators voted Thursday to give phone companies the right to block unwanted calls without getting customers’ permission first. The Federal Communications Commission’s (FCC) move could make call-blocking widespread and help consumers dodge...

Published:Friday | June 7, 2019 | 12:29 AM

Come mid-July, 150 persons will be out of work in St Thomas as manufacturing conglomerate Seprod turns off the lights at the Golden Grove Sugar Factory. “We just didn’t do a good job and we didn’t achieve what we set out to do,” was the frank...

Published:Friday | June 7, 2019 | 12:28 AM

New tools are coming to fight robocalls, but don’t expect unwanted calls to disappear. Political gridlock could derail bills aimed at beefing up enforcement and forcing phone companies to do more. The companies have been slow to act against such...

Published:Friday | June 7, 2019 | 12:28 AM

For the backdrop to his first official visit to Ireland, President Donald Trump wanted to promote his golf course on the nation’s rocky west coast. The Irish government countered with the grand staging of an ancient castle. In the end, neither side...

Published:Friday | June 7, 2019 | 12:28 AM

Freshman Representative Alexandria Ocasio-Cortez of New York says any plan to adequately address climate change would cost at least $10 trillion. The Democrat is the lead author in the House of the Green New Deal, a plan to dramatically cut the...

Published:Friday | June 7, 2019 | 12:28 AM

Amazon said Wednesday that it plans to use self-driving drones to deliver packages to shoppers’ home in the coming months. The online shopping giant did not give an exact timing or say where the drones will be making deliveries. Amazon said its new...

Published:Friday | June 7, 2019 | 12:27 AM

The Trump administration’s new restrictions on travel to Cuba will hit hardest at the cruise industry, taking away a new and increasingly popular destination at the start of the critical summer vacation season. Major cruise lines immediately...

Published:Friday | June 7, 2019 | 12:27 AM

EduCom Co-operative Credit Union Limited CEO Elvis King disclosed on Tuesday that the community lender undertook more than $900 million in car loans, with funding issued to members who bought 457 cars during 2018. King was following up on comments...

Published:Friday | June 7, 2019 | 12:27 AM

PriceSmart, which operates stores across the Caribbean and Latin America, plans to build a second store in Jamaica to be located in Portmore, St Catherine. The company received a “permit for the construction and operation of office and commercial...

Published:Friday | June 7, 2019 | 12:27 AMAvia Collinder - Business Reporter

Even as members of the tobacco industry continue to warn the Government that existing regulations which mostly impact the legal trade will cut away at revenue earned by the State, the Ministry of Health and Wellness is planning to introduce new...

Published:Friday | June 7, 2019 | 12:26 AMSteven Jackson - Senior Business Reporter

Investors rallied junior market shares higher on the release of March-quarter results this week. Most are generating faster sales and profit than last year. This included Stationery and Office Supplies (SOS), which sells furniture and supplies,...

Published:Friday | June 7, 2019 | 12:26 AM

Sagicor Financial Group, based in Barbados, announced that revenues jumped 80 per cent for its March 2019 first-quarter led by increased activity in the USA and Jamaica, according to an earning update. Shareholders in Sagicor will vote next month...

Published:Friday | June 7, 2019 | 12:26 AM

Shellion Rhoden, business manager of the Falmouth Jamaica Land Company Limited (FJLC), said Monday that occupancy continued to be high, with only six shops out of 60 available for lease at this time. “We are reviewing applications, but we...

Published:Friday | June 7, 2019 | 12:26 AMAvia Collinder - Business Reporter

Andrew James, president of the Realtors Association of Jamaica, has indicated that property purchase and management contracts are on the increase, with overseas buyers looking for a return on investment, “especially short term rentals such as...

Published:Thursday | June 6, 2019 | 12:18 AM

The Trump administration on Tuesday ended the most popular forms of US travel to Cuba, banning cruise ships and a heavily used category of educational travel in an attempt to cut off cash to the island’s communist government. Cruise travel from the...

Published:Wednesday | June 5, 2019 | 12:39 AM

PanJam Investments has tapped Hilton Hotels to manage its new hotel under development on the waterfront, which it has now named ROK Kingston. PanJam is in the process of transforming the property that was formerly known as Oceana hotel, which it...

Published:Wednesday | June 5, 2019 | 12:35 AM

Lubricating Specialties Company (LSC) is adding another 500,000 gallons in capacity at its facility in Rockfort, Kingston, for which it already has the green light from regulator National Environment and Planning Agency, NEPA. LSC operates the...

Published:Wednesday | June 5, 2019 | 12:29 AMSteven Jackson/Senior Business Reporter

Flooring contractor Caribbean Industrial Systems (CIS) will seek to raise $65 million in a bond offering as part of a series of financing measures that will eventually see the company listing on the stock exchange. CIS plans to list within two...

Published:Wednesday | June 5, 2019 | 12:24 AM

China issued a travel warning for the United States on Tuesday, saying Chinese visitors have been interrogated, interviewed and subjected to other forms of what it called harassment by US law-enforcement agencies. The warning urges Chinese citizens...

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