Sat | Dec 16, 2017

Business

Published:Thursday | November 30, 2017 | 12:00 AM

The price of bitcoin surged through $10,000 on Wednesday, adding to its tenfold jump in value this year and fuelling a debate as to whether the virtual currency is gaining mainstream acceptance or is merely a bubble waiting to burst.The cost of...

Published:Wednesday | November 29, 2017 | 12:00 AMAvia Collinder

Brawta Living, a discount and marketing web platform operated by WVM Brawta Living Limited, says it has saved shoppers as much as $40 million from 8,000 coupons sold since its start-up in mid-2016. The company, which is going up against the likes of...

Published:Wednesday | November 29, 2017 | 12:00 AMMcPherse Thompson

Jamaica's foreign exchange system has entered into a new paradigm of flexibility, where the value of the Jamaican currency is likely to move in either direction based on market conditions, according to Brian Wynter, governor of the Bank of Jamaica,...

Published:Wednesday | November 29, 2017 | 12:00 AMAvia Collinder

Sagicor Real Estate X Fund Limited and its parent company are weighing whether to proceed with plans for a 800-room hotel at Rose Hall in Montego Bay that would have been one of the largest projects undertaken by a local company. Although the...

Published:Wednesday | November 29, 2017 | 12:00 AM

United Oil & Gas will partner with Tullow Oil to search for oil off the coast of Jamaica. United announced the agreement on Monday to "farm-in" the Walton-Morant exploration licence, saying it would take a 20 per cent equity stake in the project. Both companies are based in the United Kingdom...

Published:Wednesday | November 29, 2017 | 12:00 AM

President and CEO of ICD Group Limited Peter Melhado said Monday that deal site Gustazos.com, which launched in mid-2015 in partnership with Social Media Group LLC, is now in five markets, including the Spanish Canary Islands.Melhado, in an update...

Published:Wednesday | November 29, 2017 | 12:00 AM

Jamaica Co-operative Credit Union League, JCCUL, has discontinued its mobile wallet, Conec, to free up resources for deployment to more needy areas of operation, according to outgoing boss Glenworth Francis.JCCUL operated Conec through JaMobile...

Published:Wednesday | November 29, 2017 | 12:00 AM

Owners of the Trump International Hotel in Panama are working to strip President Donald Trump's name from the 70-storey building and fire the hotel management company run by Trump's family. The property once paid at least US$32 million to...

Published:Wednesday | November 29, 2017 | 12:00 AM

Jerome Powell says that if confirmed as the next chairman of the United States Federal Reserve, he expects the Fed to continue raising interest rates gradually to support its twin goals of maximum employment and stable prices.Under his leadership,...

Published:Wednesday | November 29, 2017 | 12:00 AM

Chobani, the company that helped kick-start the Greek yogurt craze, is shrinking those words on its label as it may expand beyond that food in an increasingly crowded yogurt market.The new look, which will show up in supermarkets this week, removes...

Published:Wednesday | November 29, 2017 | 12:00 AM

Airbus, Siemens and Rolls-Royce are teaming up to develop a hybrid passenger plane that would use a single electric turbofan along with three conventional jet engines running on aviation fuel.The plane is an effort to develop and demonstrate...

Published:Wednesday | November 29, 2017 | 12:00 AM

Britain's biggest banks are strong enough to withstand a "hard Brexit" and could even weather a deeper recession than the one they struggled through during the global financial crisis nearly a decade ago, the Bank of England said Tuesday.While...

Published:Wednesday | November 29, 2017 | 12:00 AM

The world economy is growing faster than it has in seven years and more and more people are working but the high growth isn't expected to last long, and wages remain stubbornly stagnant.That's according to forecasts Tuesday from the Organisation...

Published:Wednesday | November 29, 2017 | 12:00 AM

The University of the West Indies relaunched its business and advisory subsidiary under the new name Lumin Consulting.The company's initial focus will be on diversifying its revenue base next year, said executive director Lisa Cummins."Our business...

Published:Wednesday | November 29, 2017 | 12:00 AM

Intralot SA, the Greek company that shared the largest stake in Supreme Ventures Limited, SVL, up to October, is reporting that the sale of its shares in the Jamaican lottery company equated to 12 times annual profit.Intralot sold its lottery stake...

Published:Wednesday | November 29, 2017 | 12:00 AMAvia Collinder and Neville Graham

Jamaica Flour Mills Limited, JFM, has cut prices on bulk supplies of flour and launched an advertising campaign touting the special qualities of its products.The downward price adjustments are unusual for this time of year when demand is high and...

Published:Wednesday | November 29, 2017 | 12:00 AM

Federal prosecutors are investigating allegations that Uber deployed an espionage team to plunder trade secrets from its rivals. The revelation triggered a delay in a high-profile trial over whether the beleaguered ride-hailing service stole self-...

Published:Tuesday | November 28, 2017 | 12:00 AM

The man widely seen as Cuba's next president delivered a defiant rejection of demands for change in the island's single-party system as he participated Sunday in the first in a series of elections expected to end with his taking over from Raul...

Published:Monday | November 27, 2017 | 3:41 PM

Published:Monday | November 27, 2017 | 3:12 PMSteven Jackson

Published:Sunday | November 26, 2017 | 12:00 AMAvia Collinder

The Jamaican Government is about to split off the commercial operations of the Coconut Industry Board, leaving only the regulatory arm under the control of the State...

Published:Sunday | November 26, 2017 | 12:00 AMAvia Collinder

New Day Aluminium LLC is not sure yet how its bauxite-mining operations will be impacted by the decision on the boundaries for the Cockpit Country."We have not yet been fully apprised of the precise decision of the prime minister onthe Cockpit...

Published:Sunday | November 26, 2017 | 12:00 AM

QUESTION: Thank you for the valuable information you share. I would appreciate it if you could offer some advice to me. I have been workingfulltime without a contract at a company for almost four years. I have been offered a job that is more...

Published:Sunday | November 26, 2017 | 12:00 AMSteven Jackson

Investors might want to consider diversifying away from local equities next year, according to Ryan Reid, Proven Wealth's assistant vice-president for wealth management.However, Reid said his own company is yet to determine its own investment path...

Published:Sunday | November 26, 2017 | 12:00 AM

The Hall family, who are connected to both church and kennel operations in Vineyard Town, have set their sights on a new project involving the delivery of living space to professionals in one of Kingston's oldest communities.The Halls are investing...

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