Sun | Apr 5, 2020

Business

Published:Friday | March 20, 2020 | 12:22 AM

Based on the market estimates of GDP, the Jamaican economy generates $5.7 billion of value each day, a tenth of which is contributed by government services. For the three quarters of 2019 for which economic data has been published, government...

Published:Friday | March 20, 2020 | 12:22 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER As Argentina lurches towards restructuring, it is clear that it has been the recipient of very bad advice. From the International Monetary Fund, IMF, to Nobel Prize winners in economics, the country has...

Published:Friday | March 20, 2020 | 12:21 AMNeville Graham - Business Reporter

B usiness continuity insurance will not cover Jamaican companies in the event of losses arising from the effects of the COVID-19 coronavirus. That’s the word from the general insurance sector, while businesses contemplate the likely fallout from...

Published:Friday | March 20, 2020 | 12:21 AM

C aribbean Cement Company Limited grew export sales threefold to markets that included Guantánamo Bay in Cuba, but overall sales were flat. Revenue for the group amounted to $17.76 billion, which represented an increase of 1.0 per cent year-on-...

Published:Friday | March 20, 2020 | 12:20 AM

T ullow Oil Plc has fully written off its oil exploration licence for the Walton-Morant Basin offshore Jamaica, on which it has taken a US$36-million hit. The write-off relates to what the company indicated in its most recent earnings report was...

Published:Friday | March 20, 2020 | 12:20 AM

A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it’s in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk. Investors...

Published:Wednesday | March 18, 2020 | 12:25 AMKarena Bennett/Business Reporter

The shortage of raw materials on the world market used to manufacture sanitation products has forced local manufacturer to slash its customer list for cleaning agents and limit sales to individuals. Such action is meant to address what is now...

Published:Wednesday | March 18, 2020 | 12:25 AMSteven Jackson/Senior Business Reporter

Amid the national shutdown, the central bank is asking financial companies to hold back on issuing debt in foreign currency, but has otherwise assured them it has measures in place to ensure they have adequate supplies of foreign exchange and...

Published:Wednesday | March 18, 2020 | 12:23 AM

“What’s mine is yours and what’s yours is mine” is an old idiom, which is often used to express generosity in relationships. In friendships and the family dynamic, people freely share their items with each other. However, can this approach work in...

Published:Wednesday | March 18, 2020 | 12:19 AMHuntley Medley/ - Senior Business Writer

Deposit insurer, the Jamaica Deposit Insurance Corporation, JDIC, says it is delivering on its mandate as a watchdog over the financial sector on behalf of depositors and creditors, with insufficient funding particularly to attract and keep the...

Published:Wednesday | March 18, 2020 | 12:11 AM

Victoria Mutual Investments Limited, VMIL, will roll out its online lending platform Carilend in Jamaica within six months. Carilend already offers a platform for lending in the region. The local arm will allow VMIL to issue loans to persons...

Published:Wednesday | March 18, 2020 | 12:10 AM

Volkswagen said Tuesday it would close most of its European plants for two weeks due to uncertainty about demand for cars and supplies of parts amid the virus outbreak and said it wasn't possible to give a reliable outlook for this year's profits....

Published:Wednesday | March 18, 2020 | 12:09 AM

In its latest emergency action, the United States Federal Reserve is establishing a lending facility to try to ease the flow of short-term credit to banks and businesses as the economy grinds to a halt from the viral outbreak. The Fed announced on...

Published:Wednesday | March 18, 2020 | 12:09 AM

New measures to seal off borders to reduce the spread of the novel coronavirus have left cruise ships stranded in the Caribbean, South America, and Europe, with local governments denying permission to disembark as more cases of infected passengers...

Published:Wednesday | March 18, 2020 | 12:07 AM

With the coronavirus pandemic escalating in the United States. and overseas, Dylcia McBlackwell couldn’t justify taking a single spring vacation. Air fares were so cheap, she decided to book three. Now, the 39-year-old food service worker from...

Published:Wednesday | March 18, 2020 | 12:06 AM

Port company Kingston Wharves Limited is reporting record movements of motor vehicle cargo, a sign that the investment made in capacity through its Global Auto Logistics Centre at Marcus Garvey Drive is paying off. For the first time, KWL recorded...

Published:Wednesday | March 18, 2020 | 12:05 AM

QUESTION: I read with some anger and annoyance the article you wrote about Letay Williams called, ‘Look within for career direction’. You seem to suggest that we as parents don’t know how to raise our children. You also would like us to think that...

Published:Tuesday | March 17, 2020 | 1:57 PM

JN Bank has announced that it has waived some of its fees amid Jamaica’s response to the Coronavirus here. In a release this afternoon, Jamaica National said since Saturday, MultiLink fees have also been suspended for persons using JN Bank...

Published:Tuesday | March 17, 2020 | 12:23 AM

Stocks fell sharply around the world Monday as the coronavirus forced huge swathes of the economy to the edge of a standstill, from parked airplanes to the nearly empty restaurant around the corner. The losses accelerated on Wall Street in the...

Published:Monday | March 16, 2020 | 6:49 PM

The National Commercial Bank (NCB) has announced a suspension of some fees to assist customers impacted by COVID-19 in Jamaica. In a statement a short while ago, NCB said conditions will apply to the various arrangements. However, it did not...

Published:Sunday | March 15, 2020 | 12:26 AMKarena Bennett - Business Reporter

Fresh supply of hand sanitisers and paper towels are expected to hit the market this week, products that have been tweaked for just-that-added layer of protection against the coronavirus. At least two of Jamaica’s entrepreneurs began working on...

Published:Sunday | March 15, 2020 | 12:25 AM

ADVISORY COLUMN: INSURANCE HELPLINE Mircea Bozga, PricewaterhouseCoopers’ risk audit partner in Romania, calculated the economic impact of the COVID-19 coronavirus on the global economy on Wednesday at between US$120 billion and US$160 billion. “...

Published:Sunday | March 15, 2020 | 12:24 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER Money is serious business; so much so, it makes and breaks marriages and other relationships. In fact, money, or the lack of it, is one of the leading causes of divorce. Understanding the financial side...

Published:Sunday | March 15, 2020 | 12:22 AM

COLUMN: FOREIGN POLICY In normal times a sudden drop in the price of oil would elicit a collective sigh of relief among Caribbean governments and Central Bankers. However, these are not normal times. The ill-judged decision by Crown Prince...

Published:Sunday | March 15, 2020 | 12:14 AM

In my last column, I wrote that it wasn’t a question of if the coronavirus would have a negative impact on Jamaica. It was about how long and how severe the human, social, and economic toll would be, and that while it was virtually impossible to...

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