Wed | Aug 15, 2018

Business

Published:Wednesday | July 18, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, recorded revenues of $22.2 billion for its full year ending December 2017...

Published:Wednesday | July 18, 2018 | 12:00 AM

A Dutch company that presented the world's first lab-grown beef burger five years ago said on Tuesday that it has received funding to pursue its plans to make and sell artificially grown meat to restaurants from 2021.Mosa Meat said that it raised...

Published:Wednesday | July 18, 2018 | 12:00 AM

British Prime Minister Theresa May faced more rebellion in Parliament on Tuesday over her plans for the country's exit from the European Union, with lawmakers voting on a Brexit trade bill a day after she narrowly avoided a parliamentary defeat.Pro-...

Published:Wednesday | July 18, 2018 | 12:00 AM

Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank.Blankfein will be replaced by David Solomon, a long-time Goldman...

Published:Wednesday | July 18, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

Amid pushback from Jamaica's trade officials, the Economic Commission for Latin America and the Caribbean, ECLAC, now says its data on Jamaica's foreign direct investment flows was preliminary and would be updated.Last week, Minister of Industry,...

Published:Wednesday | July 18, 2018 | 12:00 AM

The Port Authority of Jamaica has now rolled out the import phase of its Port Community System, PCS.It will deal with submissions related to Less-Than-Container-Load or LCL manifests to the Jamaica Customs Agency,...

Published:Tuesday | July 17, 2018 | 12:10 AM

The Trump administration on Monday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization (WTO), for retaliating against American tariffs on imported steel and aluminium.The United States has...

Published:Sunday | July 15, 2018 | 12:00 AMAvia Collinder

Use of automated banking services by rural customers continue to lag urban areas, but Brian Boothe, the head of retail banking at National Commercial Bank (NCB), expects they will eventually follow the trend, and is investing in making it happen.It'...

Published:Sunday | July 15, 2018 | 12:00 AMAvia Collinder

Sagicor Bank Jamaica Limited has fielded a mobile point-of-sale device which can be used by merchants and small business persons on the go, potentially widening the market for cashless transactions.SWYPE, the new mobile device, is cheaper and likely...

Published:Sunday | July 15, 2018 | 12:00 AMNeville Graham

Fearing backlash from foreign banking partners, local lenders are reluctant to do business with the emergent cannabis industry.Senator Mark Golding, a former minister of justice and now opposition spokesman on finance, is pitching to industry...

Published:Sunday | July 15, 2018 | 12:00 AM

I got the following letter, which I cannot reproduce in its entirety, as its use of several expletives makes it unreadable to a large section of Jamaicans. But it carries a popular sentiment. He was writing in response to the article 'Human rights...

Published:Sunday | July 15, 2018 | 12:00 AM

After you spend precious time fixing a basic issue of miscommunication, how do you prevent it from recurring?Try borrowing the high standard of dialogue used in the aviation industry.Mistakes take place between executives, managers and staff every...

Published:Sunday | July 15, 2018 | 12:00 AM

QUESTION: I have seen where you have given sound advice to many persons. I would like you to assist me likewise. In 2010, I partnered with my brother to acquire a property. I work with the government so I got the loan at a reduced rate. However, it...

Published:Sunday | July 15, 2018 | 12:00 AM

Most politicians connect with their electorate, but few have the capacity or charisma to be able to encapsulate complex ideas in a manner that makes disinterested and disaffected individuals, irrespective of political persuasion, stop and think...

Published:Sunday | July 15, 2018 | 12:00 AM

Attorney Hugh Wildman says the lawsuit filed against the Government for its failure, up to May this year, to compensate an elderly woman, whose property was forcibly acquired more than 20 years ago under the Northern Coastal Highway project, has...

Published:Sunday | July 15, 2018 | 12:00 AM

The United States has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades.The latest forecast from the US Energy Information Administration predicts...

Published:Friday | July 13, 2018 | 12:03 AMNeville Graham

The Jamaica Manufacturers and Exporters Association is renting out the building that previously served as the headquarters for exporters, but its president is also mulling future plans to utilise it as a training hub.It also emerged this week that...

Published:Friday | July 13, 2018 | 12:00 AM

A draft Caricom policy statement on the development and regulation of a regional securities market is proposing the development of a single set of legislation across the...

Published:Friday | July 13, 2018 | 12:00 AM

Ecuador's highest court has upheld a US$9.5 billion judgment against oil giant Chevron for decades of rainforest damage.Plaintiffs celebrated the constitutional court's decision announced Tuesday...

Published:Friday | July 13, 2018 | 12:00 AM

The proposed Tourism Workers Pension Scheme will be seeded by the Tourism Enhancement Fund, TEF, over five years, but its long-term survival will rest on buy-in from hotels, which are the...

Published:Friday | July 13, 2018 | 12:00 AM

Consumer prices in the United States rose in June from a year earlier at the fastest pace in more than six years, lifted by more expensive gas, car insurance, and higher rent.The US Labor...

Published:Friday | July 13, 2018 | 12:00 AM

At twenty-four, Michael Zheng has taken over as head of metal fabricator Dawn Industry Limited from father Keping Zheng, with big dreams of operating a 50,000-square-foot factory as a...

Published:Friday | July 13, 2018 | 12:00 AM

Portland Caribbean Fund II, PCFII, expects to make two additional investments this year, worth US$20 million combined.The fund, controlled by investor Michael Lee-Chin's Portland Private...

Published:Friday | July 13, 2018 | 12:00 AM

A 16-month freeze on new private restaurants and bed-and-breakfasts will end in December when Cuba's communist government implements new regulations meant to prevent tax evasion and the...

Published:Friday | July 13, 2018 | 12:00 AM

A decade ago, Apple opened a store peddling iPhone apps, unlocking the creativity of software developers and letting users truly make their mobile devices their own.The resulting explosion of phone...

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