Thu | Jun 21, 2018

Business

Published:Wednesday | May 30, 2018 | 12:00 AMAvia Collinder/ Business Reporter

Kingston Properties Limited, real estate investment trust which trades on the market as KPREIT, is eyeing more commercial properties in Jamaica and the Cayman Islands, says CEO Kevin Richards said. Those acquisitions would be financed by loan proceeds...

Published:Wednesday | May 30, 2018 | 12:00 AM

The spectre of a financial crisis came back to haunt Italy on Tuesday, as its markets plunged on fears that it is heading towards another election that could shape up to be a referendum on whether to stay in the common currency.Carlo Cottarelli, a...

Published:Wednesday | May 30, 2018 | 12:00 AMAvia Collinder/ Business Reporterer

Jamaican companies with interest in the European market and players within the tourism industry are sanguine that they took the required action to comply with the General Data Protection Regulation, (GDPR), which went into effect on May 25.The new...

Published:Wednesday | May 30, 2018 | 12:00 AM

Sygnus Credit Investments Limited upsized its initial public offer from US$10 million to over US$20 million in order to better finance deals its sees in the short term."Our decision to upsize to US$20 million is based strictly on our assessment of...

Published:Wednesday | May 30, 2018 | 12:00 AM

American president Donald Trump's hard-line views on trade, a staple of his message long before he entered politics, are beginning to collide with the cold realities of global geopolitics.Trade talks on China and the North American Free Trade...

Published:Wednesday | May 30, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Angella Rainford, a partner in Eight Rivers Energy Company, said she secured US$50 million in financing this month for Jamaica's largest solar plant.The loans were acquired through foreign institutions as local banks were unable to offer a...

Published:Wednesday | May 30, 2018 | 12:00 AM

Canada's federal government said Tuesday it is buying a controversial pipeline from the Alberta oil sands to the Pacific Coast to ensure it gets built.Prime Minister Justin Trudeau's government plans to spend CDN$4.5 billion (US$3.4 billion) to...

Published:Wednesday | May 30, 2018 | 12:00 AMNeville Graham/Business Reporter

It may not happen in the near term, but Supreme Ventures Limited CEO Ann-Dawn Young Sang is warning that the lottery may one day no longer be the mainstay of the gaming and entertainment company.The decline in the popularity of lottery games is a...

Published:Wednesday | May 30, 2018 | 12:00 AM

Insurance companies in Bermuda have raised nearly US$100 million for a fund to upgrade the island's ageing infrastructure.The Bermuda Infrastructure Fund first mooted six months ago has now been officially launched in a bid to improve ports, docks...

Published:Wednesday | May 30, 2018 | 12:00 AM

The throughput of containerised cargo in the ports of Latin America and the Caribbean increased six per cent last year, data that affirms regional improvement in foreign trade, according to the Economic Commission for Latin America and the Caribbean...

Published:Wednesday | May 30, 2018 | 12:00 AMHuntley Medley/Senior Business Writer

It has been one year since Richard Byles took over the reins as chairman of Sagicor Group Jamaica, having retired as chief executive officer and having passed the mantle of executive leadership to Christopher Zacca last May.Regarded as a management...

Published:Tuesday | May 29, 2018 | 12:00 AM

New Zealand plans to slaughter about 150,000 cows as it tries to eradicate a strain of disease-causing bacteria from the national herd.Politicians and industry leaders announced the ambitious plan on Monday. They say it will cost hundreds of...

Published:Sunday | May 27, 2018 | 12:00 AM

Trade Administrator and CEO of The Trade Board Limited Douglas Webster says imports of used motor vehicles began to register a decline in numbers since March, but not at alarming levels.His assurance comes amid concerns from the Jamaica Used Car...

Published:Sunday | May 27, 2018 | 12:00 AMAvia Collinder

The Public Sector Employees Co-operative Credit Union Limited (PSECCUL) aims to grow its loan book by 20 per cent this year, particularly through its payday and home improvement products.PSECCUL basically intends to double its performance this year...

Published:Sunday | May 27, 2018 | 12:00 AMNeville Graham

A coalition of business students have devised a new method of producing building material that will help to resolve the pile up of plastic bottles in Jamaica, at least to the degree that they are able to commercialise and market the product.Through...

Published:Sunday | May 27, 2018 | 12:00 AM

QUESTION: I am an avid reader of your columns in the Sunday and daily Gleaner and I would like to ask a question. When one gets shortlisted for a job interview and one is contacted to come in for an interview, why after one has done the interview...

Published:Sunday | May 27, 2018 | 12:00 AM

Q: I would like some advice on how to remove my name from a property title. What is the process? What is the least expensive route? I am on a title as a tenant-in-common and I would like to have access to the full benefits of my NHT loan. Both...

Published:Sunday | May 27, 2018 | 12:00 AM

Question: What if you work within a certain business and decided that you want to start a similar kind of business while working there. Do you think it would cause a conflict?- A ReaderBUSINESSWISE: Here's my question to you: do you believe that the...

Published:Sunday | May 27, 2018 | 12:00 AM

QUESTION: On Thursday, November 17, 2016, at about 6:35 p.m., I was driving my 2013 Mazda CX-5 SUV along Passagefort Drive. I was coming from Municipal Boulevard. My car was in the right lane. When I reached the turn for Augusta Drive, I stopped. A...

Published:Sunday | May 27, 2018 | 12:00 AM

Just over a week ago, Cuba and the European Union held a first Joint Council meeting. It identified the principal multilateral and bilateral issues on which they hope in future to work more closely.For the EU, the event was particularly important....

Published:Sunday | May 27, 2018 | 12:00 AM

It seemed like a collective moan could be heard across Argentina as President Mauricio Macri uttered three words that many in this country associate with the worst of times: International Monetary Fund.Macri surprised Argentina by announcing this...

Published:Sunday | May 27, 2018 | 12:00 AM

A new study by two United Nations agencies has found that more than half of older persons in Latin America and the Caribbean do not receive a pension from a contributing system.In the joint publication released by the Economic Commission for Latin...

Published:Friday | May 25, 2018 | 8:03 PMSteven Jackson

  The sale of Sagicor Group Jamaica’s hotel assets to Playa is scheduled to close on Thursday, May 31, and with it the handover of the Jewel Dunn’s River, Jewel Runaway Bay, Jewel Paradise Cove, Jewel Grande and Hilton Rose Hall...

Published:Friday | May 25, 2018 | 12:00 AM

First Global Bank faces limitations on the range of services it would like to offer through an agency banking network, based on the rules set by the Bank of...

Published:Friday | May 25, 2018 | 12:00 AM

The new commodities regulator, which launched operations in January, has began to impose fees on growers and processors, but various non-agricultural traders have also been caught up in the net as importers of raw materials and...

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