Thu | Jan 28, 2021

Business

Published:Sunday | December 27, 2020 | 12:05 AMSteven Jackson - Senior Business Reporter

Rum maker J. Wray...

Published:Sunday | December 27, 2020 | 12:05 AMMohamed Nasheed and Loren Legarda - Guest Columnists

Jamaica, Rwanda, the Marshall Islands, and Mongolia are among the world’s most climate-vulnerable countries, and account for just a small percentage of global emissions. This year, their economies have also been affected by the COVID-19 pandemic....

Published:Thursday | December 24, 2020 | 3:25 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Thursday, entering the holidays on a winning note. The busy trading ended with an advance/decline ratio of 36/30. The JSE Combined Index advanced by 4,607.46 points or 1.20 per cent to close...

Published:Thursday | December 24, 2020 | 12:17 AM

As our world changes, we need to figure out how to not only earn money, but to keep earning revenues to cover our bills, grow, expand and thrive. As we think of growing our businesses, we must strategise to increase our revenue growth opportunities...

Published:Thursday | December 24, 2020 | 12:16 AM

People with private health insurance will see the nasty shock of surprise medical bills virtually gone, thanks to the coronavirus compromise passed by the United States Congress. The charges that can run from hundreds to tens of thousands of...

Published:Thursday | December 24, 2020 | 12:16 AM

A closely-watched gauge of United States consumer confidence tumbled in December as rising coronavirus cases dragged American optimism to its lowest level since the summer. However, rising pessimism is now spreading during the crucial holiday...

Published:Thursday | December 24, 2020 | 12:15 AM

Despite the turbulence of the coronavirus pandemic that has battered the economy and roiled markets, 1834 Investments Limited says it has not only survived the worst of the crisis, but is showing signs of a return to good health. “Our current bond...

Published:Thursday | December 24, 2020 | 12:15 AMHuntley Medley - Associate Business Editor

Despite taking a nearly $1 billion-beating earlier this year on its large and diversified equities portfolio from the economic downturn caused by the COVID-19 pandemic, stockbroker, investment manager and financial advisory house, Mayberry...

Published:Thursday | December 24, 2020 | 12:14 AMNeville Graham - Business Reporter

Listed coffee-processing company Salada is giving greater focus to growing its export business after experiencing a year-end profit decline. In its September 2020 year-end results, the company revealed that net profit was down nearly 22 per, at...

Published:Thursday | December 24, 2020 | 12:14 AM

The European Commission, EC, has just unveiled landmark regulations for the digital economy, setting yet another global standard. The Digital Services Act, DSA, and the Digital Markets Act, DMA, designed to curtail the power of big tech, will have...

Published:Wednesday | December 23, 2020 | 4:31 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday, marginally advancing on busy trading, with an advance/decline ratio of 41/36. The JSE Combined Index advanced by 1,546.25 points or 0.40 per cent to close at 393,887.54. The JSE Main...

Published:Wednesday | December 23, 2020 | 12:15 AMKarena Bennett/Business Reporter

Some operators of high-volume employment-creating business process outsourcing (BPO) companies are staring anxiously at the looming December 31 deadline when current temporary work-from-home arrangements will end for the sector. With just days to...

Published:Wednesday | December 23, 2020 | 12:11 AM

Stocks started the week falling as a new, potentially more infectious strain of the coronavirus has countries around the world restricting travel from the United Kingdom, UK, raising worries that the economy is about to take even worse punishment....

Published:Wednesday | December 23, 2020 | 12:10 AM

Trinidad and Tobago’s finance minister Colt Imbert says that the governor of the central bank, Alvin Hilaire, will continue to serve in that position for another three years. Imbert who was speaking at a conference at the weekend, made the...

Published:Wednesday | December 23, 2020 | 12:10 AM

Grenada has signed a bilateral debt agreement with the United States as part of the Paris Club’s debt-service suspension initiative that provides for the island to consolidate and reschedule debt payments that were due between May and December 2020...

Published:Wednesday | December 23, 2020 | 12:10 AM

Shares started the week on a sour note in Asia as worsening coronavirus outbreaks overshadowed news that US lawmakers finally have a deal on more support for American families and businesses. Markets fell in Japan, Hong Kong and South Korea on...

Published:Wednesday | December 23, 2020 | 12:10 AM

In May of this year, I spotted and read an article from the World Economic Forum, WEF, ‘What hotels must learn from hospitals for the new reality of tourism’. I was immediately intrigued. This was, incidentally, around the same time that the...

Published:Wednesday | December 23, 2020 | 12:08 AM

New Fortress Energy, NFE, the fast-growing energy company with significant assets in Jamaica, has announced plans to raise US$420 million in separate debt and equity transactions, a move that appears to be aimed at increasing resilience and...

Published:Wednesday | December 30, 2020 | 5:06 PM

Correction and Clarification IN THE story titled ‘Alliance Financial Floats $2 billion IPO for Expansion’ published on December 23, 2020, it was incorrectly reported that the issue would double the capital base of the company and that the funds...

Published:Wednesday | December 23, 2020 | 12:06 AMNeville Graham/Business Reporter

It’s been a rocky ride for listed training institute iCreate. On top of carrying sizeable accumulated losses that have grown over the past two years, the company has seen a dramatic revenue slide from $24.5 million in its first quarter this year to...

Published:Wednesday | December 23, 2020 | 12:06 AM

Carmaker Fiat Chrysler has pushed back the reopening of a shuttered Indiana factory in the United States until late 2021, blaming delays caused by the COVID-19 pandemic. Company officials had announced in March, a US$400-million plan to convert a...

Published:Wednesday | December 23, 2020 | 12:05 AM

The central bank is closing out the year sticking to its monetary policy stance of low interest rates, in line with its two-year projection that inflation will remain reined in at the targeted four to six per cent over the long term. This...

Published:Wednesday | December 23, 2020 | 12:05 AM

To ensure the festive season feels unique and immersive, Hong Kong retailers, businesses and artists have tapped into technology to bring Christmas like never seen before. Just like real-life Hong Kong, Christmas Town is surrounded by iconic...

Published:Wednesday | December 23, 2020 | 12:05 AM

Plans for a lawsuit against a Maine venue that hosted what became a “superspreader” wedding reception underscore the liability risks to small businesses amid the coronavirus pandemic and an uphill push by Republicans in Congress to give such...

Published:Wednesday | December 23, 2020 | 12:05 AM

New Jersey lawmakers have passed a measure setting up a recreational marijuana marketplace, sending the legislation to Democratic Governor Phil Murphy, who was expected to sign the bill. The Democrat-led assembly and senate passed the bill during...

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