Wed | Jun 26, 2019

Business

Published:Sunday | June 2, 2019 | 12:24 AMAvia Collinder - Business Reporter

Portland Private Equity has increased its holdings in Chukka Caribbean Adventures Limited, this time through a direct injection of equity under Portland Caribbean Fund II into the tour company founded by the Melville family. Chukka, which offers...

Published:Sunday | June 2, 2019 | 12:22 AM

First Rock Capital Holdings Limited has approved US$30 million worth of real estate deals, but is still in the process of wrapping up some of the negotiations. The investments, approved up to the start of May, comes two months behind a fundraising...

Published:Sunday | June 2, 2019 | 12:11 AM

QUESTION: I am interested in knowing more about bonds and preferred stocks, like the minimum amount one can use to purchase either of them. Is there a book or a website about local bonds and stocks that I may refer to? Can I purchase...

Published:Sunday | June 2, 2019 | 12:10 AM

Is the practice of insurance in Jamaica a legalised scam or racket; or does it ­contribute to the social good? Social good is a series of action or activities from which benefits accrue to the society as a whole – not mainly to the insurers’ top...

Published:Friday | May 31, 2019 | 12:31 AMHuntley Medley - Senior Business Writer

Inspired by the Young Leaders programme of former US President Barack Obama in 2015, Craslyn Benjamin’s four-year-old fresh food business Benlar Foods was also a poster child of sorts for the Branson Entrepreneurial Centre Caribbean, the start-up...

Published:Friday | May 31, 2019 | 12:29 AM

Facing new trade sanctions and a US clampdown on its top telecommunications company, China issued a pointed reminder Wednesday that it has yet to unleash all its weapons in its trade war with the Trump administration. Chinese state media warned...

Published:Friday | May 31, 2019 | 12:28 AM

Pressure from the trade dispute between the United States and China is weighing on the retail sector, with shares of many in the industry falling in pre-market trading on Thursday. Retailers have seen their shares see-saw this week as they express...

Published:Friday | May 31, 2019 | 12:28 AM

The United States economy grew at a solid 3.1 per cent rate in the first three months of the year, but much of that gain was based on temporary factors that will likely fade, leaving growth much slower in the current quarter. The US Commerce...

Published:Friday | May 31, 2019 | 12:28 AM

Food and financial services conglomerate GraceKennedy Limited will be relaunching its La Fe brand in the United States with a roll out of national commercials. La Fe Foods has operations in Moonachie, New Jersey; Miami, Florida; and Raleigh, North...

Published:Friday | May 31, 2019 | 12:28 AM

A US$1-million metal slitting plant is now up and running at Arc Manufacturing Limited, which Executive Chairman Norman Horne says is the only one of its kind in Jamaica. Arc will produce guttering for drainage, roofing tiles, and tracks and studs...

Published:Friday | May 31, 2019 | 12:26 AM

The European Central Bank (ECB) says that challenges to financial stability in the Eurozone have risen amid global trade tensions, and warns that indebted countries such as Italy could run into trouble if they don’t heed rules limiting deficits....

Published:Friday | May 31, 2019 | 12:26 AMSteven Jackson - Senior Business Reporter

CHRISTCHURCH, Barbados: Regional insurance fund CCRIF Spc plans to implement new insurance products for utility providers and vulnerable professions. CEO Isaac Anthony argued that vulnerable groups, such as fishers and farmers, tend to be...

Published:Friday | May 31, 2019 | 12:25 AMSteven Jackson - Senior Business Reporter

CHRISTCHURCH, Barbados: Jamaican financial conglomerates NCB Financial Group and JMMB Group hold large stakes in the biggest insurance companies in the Caribbean, which represents a prominent symbol of recovery from the 1990s when an over-...

Published:Friday | May 31, 2019 | 12:25 AMNeville Graham - Business Reporter

Norman Horne’s hardware distribution company Arc Systems Limited has been placed in receivership for unpaid debts related to construction steel, or rebars, bought from a transport company based in Montego Bay. The order, handed down in the...

Published:Friday | May 31, 2019 | 12:24 AM

The tax authorities have handed GraceKennedy Remittance Services Limited, GKRS, a near-$360-million bill for miscalculated consumption taxes four years ago, but the company is fighting the assessment and has made no provision for it. Tax...

Published:Friday | May 31, 2019 | 12:24 AMNeville Graham - Business Reporter

First Heritage Co-operative Credit Union, FHC, doubled its surplus, set a new record and wiped out its deficit, all in a single blow. For CEO Roxann Linton, FHC’s performance in 2018 is affirmation of her bet that teamwork and relationships can...

Published:Thursday | May 30, 2019 | 12:12 AM

Cuba announced Wednesday that is legalising private Wi-Fi networks and the importation of equipment like routers, eliminating one of the world’s tightest restrictions on Internet use. The measure announced by state media provides a legal status to...

Published:Wednesday | May 29, 2019 | 12:30 AM

Mexican authorities have frozen the bank accounts of Emilio Lozoya, the former head of Mexico’s state-owned oil company, and those of steel maker Altos Hornos de Mexico. The Financial Intelligence Unit said Monday that “there were various...

Published:Wednesday | May 29, 2019 | 12:30 AM

Global Payments will buy Total System Services (TSYS) in an all-stock deal valued at US$21.5 billion, the third major acquisition in the payment technology sector this year. Traditional payment processors like Global Payments are consolidating as...

Published:Wednesday | May 29, 2019 | 12:16 AM

Kingston Properties Limited has applied for special economic zone or SEZ status for its Grenada Crescent, New Kingston multistorey building, which it intends to use to house business processing outsourcing firms. “The SEZ application is in progress...

Published:Wednesday | May 29, 2019 | 12:15 AMAvia Collinder/Business Reporter

A new deal inked with three regional Nestlé businesses and others being considered with companies in Latin America position the Serge Island dairy operation at Bog Walk, St Catherine, to achieve full utilisation of its manufacturing capacity....

Published:Wednesday | May 29, 2019 | 12:10 AM

E-cigarettes aren’t considered as risky as regular cigarettes, but researchers have found a clue that their flavourings may be bad for the heart. Long-time smokers who can’t kick the addiction sometimes switch to e-cigarettes, in hopes of avoiding...

Published:Wednesday | May 29, 2019 | 12:10 AM

After more than a decade of rapid growth, Chinese travel to the United States is falling. And that has cities, malls and other tourist spots scrambling to reverse the trend. Travel from China to the US fell 5.7 per cent in 2018 to 2.9 million...

Published:Wednesday | May 29, 2019 | 12:09 AMSteven Jackson/Senior Business Reporter

CHRISTCHURCH, Barbados: Tahseen Sayed, World Bank country director for the Caribbean, says more investment is needed to save lives in a region hit annually by storms. And Prime Minister of Barbados Mia Mottley wants Caribbean nations to create...

Published:Wednesday | May 29, 2019 | 12:08 AM

Jamaica’s life insurance companies continue to manage more than 50 per cent of local pension funds, according to the latest data from the Financial Services Commission, FSC, which is also reporting that the market has grown to $601 billion in value...

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