Mon | Feb 24, 2020

Business

Published:Wednesday | January 22, 2020 | 12:06 AM

The rapidly changing circumstances for Isabel dos Santos, widely known as ‘Africa’s richest woman’, is evident by her absence at the World Economic Forum in Switzerland. Instead of hobnobbing with world leaders in Davos, she is confronted with...

Published:Tuesday | January 21, 2020 | 8:57 PM

The Jamaica Stock Exchange (JSE) combined index advanced on Tuesday with an advance/decline ratio of 25 to 35. The JSE Combined Index advanced by 7,002.16 points or 1.43 per cent to close at 497,738.63 points. The JSE Main Market Index advanced by...

Published:Tuesday | January 21, 2020 | 6:42 AM

Rising income inequality is undermining confidence in capitalism around the world, according to a survey conducted by public relations firm Edelman ahead of the gathering of the elites in the Swiss ski resort of Davos. Among those surveyed in the...

Published:Monday | January 20, 2020 | 4:16 PM

The GraceKennedy Group today announced plans to acquire up to 80 per cent of shares in KEY Insurance. The details are still being finalised but GK plans to use the entity to strengthen and expand its Financial Division which includes GK General...

Published:Sunday | January 19, 2020 | 12:50 AM

COLUMN: FOREIGN POLICY Politicians love to promise a better and brighter future. They tend to say little about the day to day experience their citizens have of the services they provide. In the Caribbean as in other parts of the world what most...

Published:Sunday | January 19, 2020 | 12:49 AM

ADVISORY COLUMN: SMALL BUSINESS QUESTION: Hi Yaneek, 2019 was a hard year for my accessories business. Condensing it all, more people are shopping online and with the dollar being up and down so much the prices kept fluctuating so my customers...

Published:Sunday | January 19, 2020 | 12:48 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER How many times have you seen or heard of serious troubles in families after the death of a family member due to some members wanting what was not bequeathed to them or wanting more? A significant...

Published:Sunday | January 19, 2020 | 12:47 AMKarena Bennett - Business Reporter

Four months into its roll-out, group health and life insurer Canopy Insurance Limited, which has two powerful conglomerates behind it, is gunning for equal share of a market dominated by Sagicor Life Jamaica. Then it plans to tackle the region,...

Published:Sunday | January 19, 2020 | 12:46 AM

ADVISORY COLUMN: INSURANCE HELPLINE Member of Parliament for St Catherine North-Western Robert Pickersgill argued very strongly last week for MPs to get more pay. From my admittedly cynical reading of the Jamaica Observer article, the seven-term...

Published:Sunday | January 19, 2020 | 12:45 AMSteven Jackson - Senior Business Reporter

Women are entering the formal job market at nearly twice the pace of men, the latest Statistical Institute of Jamaica data indicates. “It is a trend that we are seeing,” said Dr Natalee Simpson, the director of surveys at Statin, during the...

Published:Sunday | January 19, 2020 | 12:43 AM

An analysis of the financial accounts of the Ministry of Justice has revealed that it took an average of 11.4 months to obtain evidence that 98 per cent of outstanding advances were used for the intended purposes, according to Auditor General...

Published:Saturday | January 18, 2020 | 10:11 AM

The Jamaica Stock Exchange (JSE) Combined Index fell on Friday despite stocks advancing more than declining. The JSE Combined Index declined by 1,952.16 points ( 0.39 per cent ) to close at 492,382.71. The JSE Index declined by 2,098.74 points ( 0....

Published:Friday | January 17, 2020 | 8:03 AM

Payless ShoeSource has emerged from bankruptcy for the second time, with a focus on international markets. The Topeka, Kansas-based said on Thursday it wants to reinvigorate Latin America, its largest business unit. It will also relaunch its US e-...

Published:Friday | January 17, 2020 | 8:02 AMHuntley Medley - Senior Business Writer

Indies Pharma Jamaica has entered the market for orthopaedic supplies in partnership with manufacturing company Vissco Rehabilitation Aids Limited of India. The products hit the shelves of pharmacies and medical supplies outlets this week as part...

Published:Friday | January 17, 2020 | 8:02 AM

AMG Packaging...

Published:Friday | January 17, 2020 | 8:01 AM

CEOs, you get one more mulligan. Over the next few weeks, companies across the country will be telling investors how much profit they made in the last three months of 2019. Analysts along Wall Street are setting expectations very low, again. They...

Published:Friday | January 17, 2020 | 8:00 AM

Natural gas supplier New Fortress Energy, NFE, has secured US$800 million of financing to back its expansion programme and repay other debt. The credit agreement with Apollo Capital Management runs for three years, NFE said in a market filing this...

Published:Friday | January 17, 2020 | 7:59 AMKarena Bennett - Business Reporter

L uxury coach operator Knutsford Express Services Limited plans on opening its 14th bus terminal in May Pen, Clarendon, next month. The new operating point will offer daily connections, serving routes along the north coast and south coast into...

Published:Friday | January 17, 2020 | 7:58 AM

F ontana Limited plans to set up two new locations, which would take its chain of pharmacies to eight. CEO Anne Chang declined to give details on where and when, but said the site selections would adhere to the model of securing long lease...

Published:Friday | January 17, 2020 | 7:57 AMMcPherse Thompson - Assistant Editor – Business

The Court of Appeal has given Lashmont Financial Services a month to vacate the Morgan’s Harbour Hotel in Port Royal, dating from its late-December 2019 judgment. The order upholds a February 2018 Supreme Court decision made by Justice Carol...

Published:Friday | January 17, 2020 | 7:57 AMSteven Jackson - Senior Business Reporter

J amaican bunkering company West Indies Petroleum, WIP, which holds the rights to sell Castrol lubricant oil to five Caribbean countries, has appointed a local distributor in Guyana. WIP has held the distributorship for the marine and energy...

Published:Friday | January 17, 2020 | 7:54 AM

Hemp growers and entrepreneurs, who were joyous a year ago after US lawmakers reclassified the plant as a legal agricultural crop are now worried their businesses could be crippled if federal policymakers move ahead with draft regulations....

Published:Friday | January 17, 2020 | 12:15 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER After one of the worst years we’ve had in a long time, we look at what lies ahead. In hindsight, 2019 was expected to be challenging, but for different reasons. The United States Federal Reserve was in...

Published:Thursday | January 16, 2020 | 5:09 PM

The Jamaica Stock Exchange (JSE's) combined index advanced nearly 3,000 points on Thursday. Overall market activity resulted from trading in 81 stocks of which 31 advanced, 30 declined and 20 traded firm.

Published:Thursday | January 16, 2020 | 12:26 AM

Environmental issues make up the top five risks to the global economy for the coming decade, organisers of next week’s World Economic Forum, WEF, in the Swiss ski resort of Davos said Wednesday. Citing a survey of hundreds of key decision-makers,...

Pages

Subscribe to Business