Mon | Feb 17, 2020

Business

Published:Sunday | February 2, 2020 | 12:15 AMKarena Bennett - Business Reporter

An estimated 5,031 new housing developments are expected for the parish of St Catherine over the next two years in response to increasing demand for affordable residential units. The developments, which will come from both private developers and...

Published:Sunday | February 2, 2020 | 12:11 AM

The Jamaica Government lost more than US$202,000, or just over $28.4 million, in grant funding because of the Ministry of Labour and Social Security’s slow implementation of a project for poor, disabled people, according to the findings of the...

Published:Friday | January 31, 2020 | 12:20 AMHuntley Medley - Senior Business Writer

Winston Butler admits that his small enterprise making and selling wines from a wide range of fermented fruits, vegetables and tropical plants is not yet turning a profit 10 years into the business, which is run out of his home in Mandeville,...

Published:Friday | January 31, 2020 | 12:19 AM

The Bank of England on Thursday opted against cutting interest rates amid signs of improvement in the British economy in the run-up to the United Kingdom’s imminent departure from the European Union, EU. The bank said in a statement that its...

Published:Friday | January 31, 2020 | 12:18 AM

The Hummer, once a gas-guzzling target for environmentalists, is making a comeback. But this time around it won’t burn fuel or spew greenhouse gases. General Motors announced Thursday that it will start selling a battery-powered Hummer pickup...

Published:Friday | January 31, 2020 | 12:15 AMNeville Graham - Business Reporter

The number of accounts hosted at the Jamaica Central Securities Depository, JCSD, for stock market investors jumped by more than 48,000 or 30 per cent, largely driven by new market entrants. The numbers also topped 200,000 for the first time –...

Published:Friday | January 31, 2020 | 12:15 AM

MoneyGram superagent and cambio operator Alliance Financial Services Limited will be offering its shares in February and listing on the main market of the Jamaica Stock Exchange, JSE. “We are definitely raising over $500 million, but I cannot say...

Published:Friday | January 31, 2020 | 12:15 AM

Rafters want better marketing of the Rio Grande River rides, which they expect to be tackled by the new management of the rafting attraction, if Tourism Product Development Company, TPDCo, follows through on plans to privatise it. Visitors get...

Published:Friday | January 31, 2020 | 12:15 AM

Paramount Trading Jamaica is pausing capital expansions in the short term to focus on extracting earnings from recent buildouts and upgrades at the Waltham Park Road, Kingston plant. The manufacturing and trading company recorded net profit of $39...

Published:Friday | January 31, 2020 | 12:15 AMNeville Graham - Business Reporter

The large resort spanning 4,800 rooms to be developed by Karisma in St Ann will also feature a component for luxury residences. The US$1-billion hotel project being developed at Llandovery on Jamaica’s north coast will officially begin...

Published:Thursday | January 30, 2020 | 4:01 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday with an advance/decline ratio of 38/28. The index advanced by 2,022.46 points or 0.41 per cent to close at 492,469.58. The JSE Main Market Index advanced by 1,969.79 points or 0....

Published:Thursday | January 30, 2020 | 12:16 AM-

The European Union let go of the United Kingdom with a final vote Wednesday at the EU's parliament that ended the Brexit divorce battle and set the scene for tough trade negotiations in the year ahead. In an emotion-charged session at the session...

Published:Wednesday | January 29, 2020 | 3:54 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Wednesday. It advanced by 3,055.82 points or 0.63 per cent to close at 490,447.12. The JSE Main Market Index advanced by 3,479.77 points or 0.71 per cent to close at 496,...

Published:Wednesday | January 29, 2020 | 9:18 AM

The Jamaica Stock Exchange (JSE) combined index declined on Tuesday. The index declined by 5,524.82 points or 1.12 per cent to close at 487,391.30. The JSE Main Market Index declined by 5,702.93 points or 1.14 per cent to close at 493,316.12, while...

Published:Wednesday | January 29, 2020 | 12:23 AMHuntley Medley - Senior Business Writer

Grace Foster-Reid, a civil and environmental engineer-turned-entrepreneur, has big plans for the honey business she has built with husband Dr Clifton Reid since 2012. EcoFarms Jamaica is now a division of EnvironMed Limited, which was registered in...

Published:Wednesday | January 29, 2020 | 12:21 AM

California officials announced Monday that marijuana vape cartridges seized in illegal shops in Los Angeles contained potentially dangerous additives, including a thickening agent blamed for a national outbreak of deadly lung illnesses tied to...

Published:Wednesday | January 29, 2020 | 12:20 AM

The United Kingdom decided Tuesday to allow Chinese tech giant Huawei to supply new high-speed network equipment, ignoring United States government warnings that it would sever intelligence cooperation if it did not ban the company. The government’...

Published:Wednesday | January 29, 2020 | 12:20 AM

Power utility Jamaica Public Service Company Limited, JPS, plans to spend nearly US$100 million ($14 billion) on two main projects to improve power reliability in the Corporate Area, including a new gas-fired plant to be commissioned in 2023. The...

Published:Wednesday | January 29, 2020 | 12:20 AM

Lighting company FosRich is approaching the debt market to raise $760 million, most of which will replace existing borrowings. The company has asked Mayberry Investments to arrange an asset-backed corporate note valued at $560 million and $200...

Published:Wednesday | January 29, 2020 | 12:18 AMKarena Bennett/Business Reporter

Jamaica should see its first set of companies trading digital assets on the Jamaica Stock Exchange, JSE, by mid-year through a platform powered by partner company Blockstation. Four companies out of Australia, Canada and Trinidad...

Published:Wednesday | January 29, 2020 | 12:18 AM

Competitors are cool with the merger of two large ice brands, Happy Ice and Pure National, according to Fair Trading Commission, FTC, in its preliminary findings into the business combination from a probe that wrapped up in December. “We do not see...

Published:Wednesday | January 29, 2020 | 12:17 AM

QUESTION: Why do interviewers always ask how much an employee expects to be paid? And is it good or bad to name a figure? – Drew CAREERS: Thank you for your question, Drew. The question of salary is one of the most important you can prepare for....

Published:Wednesday | January 29, 2020 | 12:16 AM

The Auditor General’s Department said it was unable to verify the existence of 20 computers, costing approximately $1.9 million, that were purchased by the Ministry of Transport and Mining for the Island Traffic Authority, ITA. Despite repeated...

Published:Wednesday | January 29, 2020 | 12:16 AM

A fight is coming to California over whether to list one of the world’s most common over-the-counter drugs as a carcinogen, echoing recent high-profile battles over things like alcohol and coffee. The drug is acetaminophen, known outside the United...

Published:Wednesday | January 29, 2020 | 12:06 AM

Businesses around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads. Hotels,...

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