Sat | Apr 21, 2018

Business

Published:Wednesday | April 4, 2018 | 2:43 PMNeville Graham

Three of Jamaica’s leading car companies have joined forces to create the New Car Dealers Association of Jamaica (NCDAJ). The new body will rival the decades-old Automobile Dealers Association (ADA). The founding members are Toyota Jamaica,...

Published:Wednesday | April 4, 2018 | 12:00 AMAvia Collinder/ Business Reporter

GraceKennedy Limited is engineering a new app that will become a centralised portal for the financial services offered by the conglomerate, spanning insurance, bill payment, and banking.Group CEO Don Wehby some of what the company envisions will...

Published:Wednesday | April 4, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Chris Dehring needs US$3 million of financing to build out the next phase of ReadyTV, but appears unlikely to get the funds from the banks, even while talks continue with potential backers.As a start-up, the cable TV company was financed with equity...

Published:Wednesday | April 4, 2018 | 12:00 AMNeville Graham/ Business Reporter

Seafood trader Rainforest is doubling solar energy capacity at its plant in Montego Bay, from 0.5 megawatt to one megawatt, at a cost of $75 million.When the project is finalised in two to three months, Rainforest will possess the capacity to...

Published:Wednesday | April 4, 2018 | 12:00 AM

Corn has been dethroned as the king of crops as farmers reported Thursday they intend to plant more soybeans than corn for the first time in 35 years, the US Department of Agriculture (USDA) said in its annual prospective planting report....

Published:Wednesday | April 4, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

PanJam Investment Limited has taken a 20 per cent stake in Term Finance Jamaica Limited, the local subsidiary of a regional microfinancing outfit that entered Jamaica last September.The terms of the transaction between PanJam and Term Finance...

Published:Wednesday | April 4, 2018 | 12:00 AM

Bank of Jamaica, BOJ, is upgrading its payments platform called JamClear, for the first time since the system was installed nine years ago in February 2009.JamClear is name given to the Real-Time Gross Settlement, or RTGS, system owned and operated...

Published:Wednesday | April 4, 2018 | 12:00 AM

Jorge Josifovich is silent and downcast as he walks under the pounding sun in one of Argentina's most fertile agricultural regions, staring at soy crops parched by the country's worst drought in years.The drought, which began in November, has caused...

Published:Wednesday | April 4, 2018 | 12:00 AM

Electric carmaker Tesla Inc increased production of its Model 3 mass-market car in the first quarter but still fell far short of the numbers it promised last summer.The Palo Alto, California, company says it made just under 9,800 Model 3s from...

Published:Sunday | April 1, 2018 | 12:21 AMYaneek Page

QUESTION: I am currently interested in starting a Payday loan company. In all honesty I have began on a small scale. However, I would like to legitimise and expand my business. My issue however, is that I'm unable to get any information...

Published:Sunday | April 1, 2018 | 12:00 AMSteven Jackson

Kaya Inc, a licensed ganja business in Jamaica that opened its first ganja cafe in Ocho Rios in March, is going public in Canada and will list on the Toronto Stock Exchange. Under the transaction, Kaya will enact a "reverse takeover" with a listed...

Published:Sunday | April 1, 2018 | 12:00 AMMcPherse Thompson

The widow of a D&G heir has been cleared to sell most of her holdings in iconic drinks company Desnoes & Geddes Limited sought by Heineken Sweden, part of which a law firm had attempted to claim as payment for outstanding legal fees...

Published:Sunday | April 1, 2018 | 12:00 AMAvia Collinder

A landowner in St Elizabeth has listed property in Hodges for nearly $9 billion, citing the prospect of oil discoveries offshore that area of Jamaica.The listing with the Multiple Listing Service of the Realtors Association of Jamaica invites local...

Published:Sunday | April 1, 2018 | 12:00 AM

QUESTION: The Jamaica Observer reported recently that the court awarded $36.2 million to a young woman. She is now 22 years old and was seriously injured in 2014 by a car. Brain damage, recurring headaches, seizures, blurry vision, loss of mobility...

Published:Sunday | April 1, 2018 | 12:00 AM

QUESTION: I am a government-paid teacher at a grant-aided high school. Recently, before a general staff meeting, the principal brought in a representative from one of Jamaica's largest and oldest financial houses to talk about retirement. He stated...

Published:Sunday | April 1, 2018 | 12:00 AM

United States President Donald Trump's family hotel business has lost a bid to regain control of the luxury hotel in Panama that ousted his brand, according to a new emergency arbitration ruling.The arbitrator ruled Tuesday that Trump's company...

Published:Sunday | April 1, 2018 | 12:00 AM

Federal police arrested several people Thursday in connection with an investigation into whether President Michel Temer accepted bribes for favours to companies operating at the country's largest port, the attorney general's office said.Rodrimar, a...

Published:Sunday | April 1, 2018 | 12:00 AM

A Los Angeles judge has determined that coffee companies must carry an ominous cancer warning label because of a chemical produced in the roasting process.Superior Court Judge Elihu Berle said Wednesday that Starbucks and other companies failed to...

Published:Sunday | April 1, 2018 | 12:00 AM

It is far from easy to separate fact from fiction when it comes to recent allegations about the effect that big data may have had on Caribbean democracy.This is because it is difficult to determine whether the harvesting and use of personal...

Published:Saturday | March 31, 2018 | 11:05 PM

BryanCAREERS: Thank you for your question. It seems, like you're having episodes of being blocked, where you freeze up in your job search and just can't carry on. This unfortunate situation happens to quite a few job candidates during their job...

Published:Thursday | March 29, 2018 | 12:00 AMAvia Collinder

Prime Minister Andrew Holness announced that Cabinet has approved the Bernard Lodge Land Use Master Plan for the development of an urban community in the area once dedicated solely to sugar cane...

Published:Thursday | March 29, 2018 | 12:00 AMAvia Collinder

Anthony Laura, the general counsel and chief administrative officer for Noranda Bauxite Jamaica, says the new United States tariffs could serve to boost the company's output, but the precise market...

Published:Thursday | March 29, 2018 | 12:00 AMAvia Collinder

Jamaica Agricultural Commodities Regulatory Authority (JACRA) under whose umbrella the commodity boards have been merged, will start accepting licensing applications on April 1.JACRA, which...

Published:Thursday | March 29, 2018 | 12:00 AMAvia Collinder

CEO and company founder Douglas Halsall is indicating that it will be another three years before Advanced Integrated Systems Limited, AIS,...

Published:Thursday | March 29, 2018 | 12:00 AM

Elements of the projectare outstanding, but the lubricants blending plant developed by Paramount Trading Jamaica and its American joint-venture partner, Allegheny Petroleum, has been up...

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