Tue | Jun 2, 2020

Business

Published:Friday | April 24, 2020 | 12:13 AM

HISTORY IS like fashion: it is only a matter of time until the out-of-fashion comes back into vogue. Who would have thought a year ago, that we would have violent swings in the equity markets, double-digit unemployment, negative oil prices, a...

Published:Friday | April 24, 2020 | 12:00 AMSteven Jackson - Senior Business Reporter

TRAINING INSTITUTE iCreate Limited plans to slash costs by one-third to cope with the COVID-19 outbreak and reduce losses highlighted by its auditors. The company needs to shed costs, including $12.5 million in bank overdrafts as at December, to...

Published:Friday | April 24, 2020 | 12:00 AMKarena Bennett - Business Reporter

GENERAL ACCIDENT Insurance Company is about to enter a third regional market, for which it secured a licence this month, but the Musson-controlled outfit is keeping watch on the COVID-19 pandemic to determine when to launch operations. Six months...

Published:Friday | April 24, 2020 | 12:10 AMMcPherse Thompson - Assitant Editor - Business

JAMAICA’S BANKING system has adequate capital to absorb unexpected losses that might emerge as a result the COVID-19 pandemic, the Bank of Jamaica, BOJ, has concluded. Still, the central bank, which undertakes supervision of commercial banks,...

Published:Friday | April 24, 2020 | 12:10 AM

The Tree of Knowledge International Corporation, TOKI, cross-listed on the US Dollar Market of the Jamaica Stock Exchange, JSE, earlier this month, becoming the first cannabis stock to list on the local market. However, the stock has not traded in...

Published:Thursday | April 23, 2020 | 5:37 PMKarena Bennett - Business Reporter

Financial institutions across St Catherine reopen their doors to the public on Friday, but have warned that clients may experience delays in accessing in-branch, ABM and even call-centre services. Business reopened in the parish on Wednesday, but...

Published:Thursday | April 23, 2020 | 12:00 AM-

Coca-Cola's global volume tumbled 25 per cent in April as the coronavirus pandemic gripped large swathes of the world population. Those volumes made up of bottled drinks and the syrups Coke sells to theatres, restaurants, stadiums and music venues...

Published:Thursday | April 23, 2020 | 10:09 AM

The European Union says its vaunted tourist industry is facing “staggering” figures of decline because of the coronavirus crisis and the bloc's internal market commissioner wants the sector to be first in line when it comes to recovery funds....

Published:Thursday | April 23, 2020 | 12:17 AM

Remittances sent home by migrants from low- and middle-income countries are expected to drop around 20 per cent this year amid the global economic slowdown caused by the novel coronavirus, the World Bank said Wednesday. Job losses and lost hours...

Published:Wednesday | April 22, 2020 | 5:07 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 25/40. The index dipped by 1,943.35 points or 0.51 per cent to close at 379,289.36. The JSE Main Market Index declined by 1,936.13 points or 0.50...

Published:Wednesday | April 22, 2020 | 12:20 AMKerwin Hamil - Guest Columnist

OP-ED CONTRIBUTION: COVID...

Published:Wednesday | April 22, 2020 | 12:20 AM

THE RECEIVER-MANAGER of Morgan’s Harbour Limited, Wilfred Baghaloo, said the company will begin redundancy payments to terminated workers on April 27. The payments have been outstanding since September 2013 when the approximately 40 workers, some...

Published:Wednesday | April 22, 2020 | 12:17 AM

Volvo and the truck division of Daimler have agreed to set up a joint venture to develop and produce fuel cell systems for heavy vehicles, the Swedish and German companies said Tuesday. The two firms said that they will be equal partners in the new...

Published:Wednesday | April 22, 2020 | 12:16 AM

Sagicor hires new CFO as Carter retires Ivan Carter retired as chief financial officer of Sagicor Group Jamaica last Friday and was immediately succeeded by Andre Ho Lung on Monday, April 20. The new man, who was educated at The University of the...

Published:Wednesday | April 22, 2020 | 12:14 AMHuntley Medley/Senior Business Writer

The financial fallout globally and in Jamaica from the current COVID-19 pandemic has again placed in the spotlight the issue of private sector tax incentives for economic reconstruction. At least two business umbrella groups – the Jamaica Chamber...

Published:Wednesday | April 22, 2020 | 12:12 AM

The world is awash in oil, there’s little demand for it and we’re running out of places to put it. That in a nutshell explains Monday’s strange and unprecedented action in the market for crude oil futures contracts, where traders essentially...

Published:Wednesday | April 22, 2020 | 12:07 AM

KEVIN FRITH has spent seven years marketing and distributing liquor and drinks for some of Jamaica’s largest corporations, but now wants to take a shot at real estate development. The former CEO of Bar Central has spent the past year putting...

Published:Tuesday | April 21, 2020 | 11:38 AM

The Jamaica Stock Exchange (JSE) Combined Index declined on Monday with an advance/decline ratio of 29/41. The index moved down by 1543.34 points or 0.40 per cent to close at 381,717.25. The JSE Main Market Index declined by 1,987.23 points or 0.51...

Published:Tuesday | April 21, 2020 | 10:10 AM

The International Monetary Fund on Tuesday forecast the economy of Latin America and the Caribbean will contract 5.2 per cent in 2020 as activity grinds to a halt due to the spread of the new coronavirus. A recession of that magnitude would be the...

Published:Tuesday | April 21, 2020 | 12:06 AM

Japan’s exports sank 11.7 per cent in March as the coronavirus pandemic slammed auto shipments to the United States and China, generally its two biggest markets. The Finance Ministry said Monday that exports to the US fell 16.5 per cent in March...

Published:Sunday | April 19, 2020 | 12:31 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: A friend of mine currently owns a house that was purchased using a National Housing Trust loan. She would like to sell it. Note: a number of renovations were done to it. Is it possible to sell...

Published:Sunday | April 19, 2020 | 12:31 AM

COLUMN: FOREIGN POLICY It is hard to imagine an action more likely to accelerate the decline of the United States’s influence in the world than deciding in the middle of a global pandemic to attack the one body that is coordinating the global...

Published:Sunday | April 19, 2020 | 12:30 AM

ADVISORY COLUMN: PRODUCTIVITY While your company awaits a return to business as usual, should your leadership be thinking about revisiting its strategy? Does the current pandemic mean that you should start the process all over again? To say that...

Published:Sunday | April 19, 2020 | 12:29 AM

ADVISORY COLUMN: INSURANCE HELPLINE Justice of The Peace Melvin Pennant, in a letter to the editor two Thursdays ago, spoke about an epidemic of disservice that is being regularly and harshly dispensed to members of the public. The example he...

Published:Sunday | April 19, 2020 | 12:20 AM

The 189-nation International Monetary Fund, IMF, and its sister lending agency, the World Bank, on Friday pledged to step up their efforts to cushion the blow to the global economy from the coronavirus pandemic. The two agencies’ assurance came at...

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