Tue | Feb 25, 2020

Business

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,...

Published:Tuesday | January 28, 2020 | 12:17 AM

General Motors, GM, is spending US$2.2 billion to refurbish an underused Detroit factory so it can build a series of electric and self-driving vehicles, eventually employing 2,000 people. GM said in a statement Monday that the factory will start...

Published:Monday | January 27, 2020 | 4:10 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced marginally on Monday. The index moved up by 2,184.48 points or 0.45 per cent to close at 492,916.12. The JSE Main Market Index advanced by 2,657.81 points or 0.54 per cent to close at...

Published:Sunday | January 26, 2020 | 9:37 PM

ADVISORY COLUMN: INSURANCE HELPLINE The chairman of a local broking company recently called my writings ‘academic’. The use of that word by the former businessman was an attempted put-down. It showed, in my opinion, his ignorance of...

Published:Sunday | January 26, 2020 | 12:34 AM

ADVISORY COLUMN: PRODUCTIVITY There are moments when a new innovation rides in on the tracks of existing habits and technologies, changing everything in an instant. How does your firm prepare itself for such changes? Millennials are amused to...

Published:Sunday | January 26, 2020 | 12:32 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER Retirement is not a one-off event; it has several stages, each having its special features. How fulfilling it is depends on how the process is planned and how the plan is executed. Not all retirees will...

Published:Sunday | January 26, 2020 | 12:32 AM

COLUMN: FOREIGN POLICY The Caribbean has the potential to do much more to develop its identity, spur growth, soft power and competitiveness, if its citizens reimagine the future of its countries and cities. This is in part the message contained...

Published:Sunday | January 26, 2020 | 12:32 AMMcPherse Thompson - Assistant Editor – Business

The Ministry of Science, Energy and Technology (MSET) did not take its human resource needs into account when it decided to approve special early retirement for six officers in April 2018 and their subsequent engagement as consultants on a one-year...

Published:Sunday | January 26, 2020 | 12:31 AMKarena Bennett - Business Reporter

Minute Rentals, a business which holds itself as the only hourly car rental company in Jamaica, will use the $300,000 it earned as winner of the JSE Pitch Room towards the development of a real-time customer relations management system. The Pitch...

Published:Sunday | January 26, 2020 | 12:08 AMNeville Graham - Business Reporter

New suppliers are rushing in to fill the void left by the ban on styrofoam food containers, but the twin burdens of duties payable and ability to service clients consistently are acting as constraints on would-be suppliers. At least one supplier is...

Published:Friday | January 24, 2020 | 4:09 PM

The Jamaica Stock Exchange (JSE) Combined Index declined marginally on Friday. The index moved down by 947.72 points or 0.19 per cent to close at 490,731.64. The JSE Main Market Index declined by 907.78 points or 0.18 per cent to close at 496,361....

Published:Friday | January 24, 2020 | 12:34 AMMcPherse Thompson - Assistant Editor – Business

The Bank of Jamaica, BOJ, has introduced a new instrument available to foreign exchange authorised dealers called a FX swap arrangement to enhance the central bank’s management of the market. The instrument came into effect on Wednesday and is...

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