Mon | Feb 24, 2020

Business

Published:Friday | January 24, 2020 | 12:29 AM

Food manufacturer and distributor Caribbean Producers Jamaica, CPJ, owner of the Cru Bar brand, has appointed an independent management company to run the entertainment spot. Cru Bar...

Published:Friday | January 24, 2020 | 12:27 AM

The Trump administration on Wednesday approved a right of way allowing the Keystone XL oil sands pipeline to be built across United States land, pushing the controversial US$8-billion project closer to construction though court challenges still...

Published:Friday | January 24, 2020 | 12:26 AM

The European Central Bank (ECB) has decided to launch a top-to-bottom review of how it steers the economy for 342 million people in the 19 countries that use the euro currency. The bank’s 25-member governing council on Thursday gave the green...

Published:Friday | January 24, 2020 | 12:24 AM

The United States, the European Union and what will soon be post-Brexit United Kingdom have all raised the prospect of concluding trade deals between themselves by the end of this year, setting up an intense few months of negotiations. High-level...

Published:Friday | January 24, 2020 | 12:23 AMHuntley Medley - Senior Business Writer

Beverly Salu grew up in the taxi business. Her late mother, Icolyn Chung, owned and operated Yellow and Checker Cabs, two of the earliest taxi businesses in Jamaica. In the 1990s, Salu and her Nigeria-born husband Yomi Salu operated their own taxi...

Published:Friday | January 24, 2020 | 12:19 AMSteven Jackson - Business Reporter

Trinidadian conglomerate Massy Holdings Limited wants to distribute liquefied natural gas, LNG, in Jamaica to complement its cooking gas operation, a strategy that appears designed to contain any likely business fallout from the switch to cheaper...

Published:Friday | January 24, 2020 | 12:12 AM

Major central banks have joined together to explore whether they should issue cryptocurrencies as the use of cash declines and more people turn to electronic forms of paying. The study group is made up of the European Central Bank, the Bank of...

Published:Thursday | January 23, 2020 | 5:02 PM

Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw says research is currently under way for the development of roadways above gullies across Jamaica, particularly in Kingston, as a direct response to increasing vehicular traffic in the capital.

 

Published:Thursday | January 23, 2020 | 4:32 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday. The JSE Combined Index moved up by 100.46 points or 0.02 per cent to close at 491,679.36 The JSE Main Market Index increased  by 402.72 points or 0,08 per cent to close at...

Published:Thursday | January 23, 2020 | 12:16 AMSteven Jackson/Senior Business Reporter

Investors can expect the release of the prospectus for TransJamaican Highway and its possible listing in February, according to Prime Minister Andrew Holness. TransJamaican is already projected to be the largest initial public offering of shares ,...

Published:Wednesday | January 22, 2020 | 10:25 PM

Stanley Thompson, the manager for origination and structuring at NCB Capital Markets has renewed calls for a Caribbean stock exchange. Thompson, who reckons private and public sectors across the region could create the stock trading platform...

Published:Wednesday | January 22, 2020 | 4:55 PM

The JSE Combined Index declined by 6,159.73 points or 1.24 per cent to close at 491,578.90 The JSE Main Market Index declined  by 6,328.36 points or 1.28 per cent to close at 496,866.39, while the Junior Market Index declined  by 31.46...

Published:Wednesday | January 22, 2020 | 12:50 PM

  Investors can expect the release of the prospectus for TransJamaican Highway and its possible listing in February, according to Prime Minister Andrew Holness. TransJamaican is already projected to be the largest initial public offering of...

Published:Wednesday | January 22, 2020 | 9:50 AM

QUESTION: I am currently thinking about taking a course in general transcription. I am good in English and have good computer skills. I think transcription is the right choice for me. What do you think? – J.S. CAREERS: It is good that you have a...

Published:Wednesday | January 22, 2020 | 12:33 AM

OP-ED CONTRIBUTION: ECONOMIC LETTER As we embark on the third decade of the 21st century, Barbadians look to our economic prospects with a mixture of hope and trepidation. Our hopes are grounded in our economy's inherent strengths: our highly...

Published:Wednesday | January 22, 2020 | 12:24 AMKarena Bennett/Business Reporter

For 10 years, Victor Chin worked at beverage company Shim’s on Orange Street in downtown Kingston, experience that would serve him well when he ventured into business by himself, with his own brand of beverages. With a loan of $120,000, four...

Published:Wednesday | January 22, 2020 | 12:23 AM

There has been a steady downward trend in optimism among businesses since the second quarter of last year, resulting in 20-point decline in index points from 151.3 recorded in the first quarter to 131.3 points in the fourth quarter, according to...

Published:Wednesday | January 22, 2020 | 12:19 AM

Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady, if modest, growth. That’s the view of the International Monetary Fund, which foresees world economic growth...

Published:Wednesday | January 22, 2020 | 12:19 AM

Tesla is disputing claims by a California man that all three models of the company’s cars can suddenly speed up on their own without the driver touching the accelerator pedal. Tesla said Monday it checks when drivers report that their car...

Published:Wednesday | January 22, 2020 | 12:18 AM

A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Minister Narendra Modi over his policies. Opposition leaders and economists on Tuesday blasted the government...

Published:Wednesday | January 22, 2020 | 12:17 AMSteven Jackson/ - Senior Business Reporter

GraceKennedy Limited wants to buy controlling interest in Key Insurance Company at nearly half the stock’s current trading value. But the takeover offer at $2.01 per share would equal the price paid last December when the conglomerate first...

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

The International Labour Organisation, ILO, has said that while a significant number of women in Latin America and the Caribbean have been able to attain higher education than men, they are still earning less than their male counterparts. In its...

Published:Wednesday | January 22, 2020 | 12:14 AMKarena Bennett/Business Reporter

Baron Stewart, the owner of Stewart’s Hardware Limited, will use some $300 million or a third of the funds newly raised on the debt market to get the company ready for listing on the stock exchange in the first quarter of 2021. Victoria Mutual...

Published:Wednesday | January 22, 2020 | 12:14 AM

Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences”. Sundar Pichai’s comments come as lawmakers and...

Published:Wednesday | January 22, 2020 | 12:11 AM

Germany will pay utility companies billions of euros to speed up the shutdown of their coal-fired power plants as part of the country’s efforts to fight climate change, the government has said. The agreement reached after late-night deliberations...

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