Thu | Feb 27, 2020

Business

Published:Friday | February 7, 2020 | 12:19 AMHuntley Medley - Senior Business Writer

Gassan Azan Jr has built a multibillion-dollar group of businesses largely by pioneering his own private investment-financing arrangements along the way, he says. With Jamaican and overseas holdings spanning retail, finance and entertainment, the...

Published:Friday | February 7, 2020 | 12:19 AM

Kaya, the first medical marijuana company to open shop in Jamaica two years ago, became an exporter on Wednesday with a shipment of cannabis oil to Cayman Islands. “Currently, we have three more orders for the remainder of the year, but that can...

Published:Friday | February 7, 2020 | 12:18 AMNeville Graham - Business Reporter

Jamaican Teas Limited, JAMT, stumbled to a first-quarter loss of $44 million, despite a 15 per cent improvement in sales. The group’s descent into red flowed from the performance of its spin-off investment company QWI Investments Limited, which...

Published:Friday | February 7, 2020 | 12:18 AM

A bout a year ago, the United States Federal Reserve officials were nervous. Markets were cratering. Fear about a trade war was rising. The officials needed to know if the turmoil was chilling consumer spending. Problem was, a partial shutdown of...

Published:Friday | February 7, 2020 | 12:18 AM

D own one country with the departure of the United Kingdom, the European Union’s, EU, executive proposed a new system for adding members in a move made all the more urgent by French objections to open enlargement talks with two Western Balkan...

Published:Friday | February 7, 2020 | 12:17 AMMcPherse Thompson - Assistant Editor – Business

With the Jamaican dollar once again trading past $141 to the US currency, there continues to be market apprehension and heightened uncertainty around the volatility of the foreign exchange rate. However, the Bank of Jamaica, BOJ, continues to...

Published:Friday | February 7, 2020 | 12:17 AMSteven Jackson - Senior Business Reporter

S tarbucks plans to introduce Jamaica high mountain coffee in local stores, a less pricey bean grown in a key region outside the famous Blue Mountains. Experts say it will nudge coffee exports and raise the profile of high mountain coffee, but is...

Published:Friday | February 7, 2020 | 12:17 AM

The privatisation of the pension fund system in Latin America was hailed as one of the most important developments of the 1990s. A major challenge for developing countries is the lack of local savings. By definition, developing countries are in...

Published:Thursday | February 6, 2020 | 4:45 PM

The JSE Combined Index declined on Thursday with an advance/ decline ratio of 22/42. The combined index declined by 2,431.26 points ( 0.51 per cent) to close at 476,729.48. The Main Index declined by 2,132.31 points ( 0.44 per cent) to close at 483...

Published:Thursday | February 6, 2020 | 12:16 AM

A major Spanish hotel chain said Wednesday that the US State Department informed the CEO that he is barred from entering the United States because of his company’s business interests in Cuba. Meliá Hotels International SA said in a statement it...

Published:Wednesday | February 5, 2020 | 3:43 PMKarena Bennett/Business Reporter

Canadian company Green Stripe Naturals has pumped roughly US$1.5 million in the acquisition of a 49 per cent stake in local marijuana company Green Peak Growers and the build-out of a 20-acre cannabis farm in Toll Gate, Clarendon. Green Stripe,...

Published:Wednesday | February 5, 2020 | 12:19 AMKarena Bennett/Business Reporter

GraceKennedy Limited is exploring the ­expansion of the Hi-Lo supermarket chain through a mix of express stores and its traditional retail outlets. Group CEO Don Wehby told the Financial Gleaner that the company is currently in discussion with a...

Published:Wednesday | February 5, 2020 | 12:18 AMHuntley Medley - Senior Business Writer

Racquell Brown initially worked with a coffee making company as a marketer. She started a small business “on the side” when the company started to retrench its workforce as the global recession took root in 2009. By the time the axe fell on her...

Published:Wednesday | February 5, 2020 | 12:18 AMMcPherse Thompson

Morgan’s Harbour Hotel now has a new owner, a Malta-based company that took possession last month following a court ruling ordering the former operator to ­vacate the property. The sale price to Grand Hotel Excelsior Limited has not been disclosed...

Published:Wednesday | February 5, 2020 | 12:16 AMSteven Jackson/Senior Business Reporter

TransJamaican Highway Limited, TJH, which operates the East-West leg of Highway 2000, plans to raise up to $14 billion through an initial public offering on the market at $1.41 per share. The offer will open on February 17 and close March 9. But...

Published:Wednesday | February 5, 2020 | 12:08 AM

Global business is catching a chill from China’s virus outbreak. Mink breeders in Denmark called off a fur auction because Chinese buyers can’t attend due to travel curbs imposed to contain the disease. Airlines have cancelled 25,000 flights to and...

Published:Tuesday | February 4, 2020 | 12:27 AM

The World Health Organization (WHO), is working with Google to ensure that people get facts from the WHO first when they search for information about the new virus that recently emerged in China. Director General Tedros Adhanom Ghebreyesus told...

Published:Monday | February 3, 2020 | 4:21 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Monday with an advance/decline ratio of 34/32. The index closed at 489,500.81 points or nearly one per cent lower shaving off 4,201 point. The Main Index declined by 4,321.20 points ( 0.86...

Published:Sunday | February 2, 2020 | 12:29 AM

A French court has approved an agreement with Airbus that would see the plane maker pay up to US$4 billion to end years of corruption investigations by three countries. Courts in the United States and the United Kingdom were considering Friday...

Published:Sunday | February 2, 2020 | 12:28 AMSteven Jackson - Senior Business Reporter

NCB Financial Group Limited, NCBFG, is taking steps to enter Guyana, likely through its ­investment banking unit. The Jamaican banking conglomerate has been eyeing a deal to finance oil development in Guyana, just as the South American country and...

Published:Sunday | February 2, 2020 | 12:28 AM

COLUMN: FOREIGN POLICY A little over a week ago, US Secretary of State Mike Pompeo met in Kingston with Jamaica’s Prime Minister, Andrew Holness. Subsequently, he held a round-table with the foreign ministers of The Bahamas, Belize, Dominican...

Published:Sunday | February 2, 2020 | 12:28 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I have equity accounts with two stockbrokers. Over time, I have been purchasing stocks using just one of them. I would like to transfer stocks brought through them to the other stockbroker....

Published:Sunday | February 2, 2020 | 12:28 AM

ADVISORY COLUMN: SMALL BUSINESS QUESTION: Good day, Yaneek. Can you please share some more content on where struggling entrepreneurs can go for help and guidance without being overcharged for simple business advice; simple ways to get registered...

Published:Sunday | February 2, 2020 | 12:27 AM

ADVISORY COLUMN: INSURANCE HELPLINE QUESTION: After many years, I am now back in the market for a new car. One of the things that I have noticed is the widespread use of technologies by motor manufacturers. They range from very complex pre-...

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...

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