Thu | Jan 28, 2021

Business

Published:Tuesday | December 22, 2020 | 3:34 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday marginally losing ground on moderate trading, with an advance/decline ratio of 32/38. The JSE Combined Index declined by 4,534.68 points or 1.17 per cent to close at 382,341.29 The...

Published:Tuesday | December 22, 2020 | 12:06 AM

After a crucial weekend of negotiations, a breakthrough on fishing rights remained elusive for the European Union, EU, and Britain, leaving both without a trade agreement that would dull the edge of a chaotic, costly economic break on New Year’s...

Published:Monday | December 21, 2020 | 3:47 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Monday, marginally regaining lost ground on big money trades, with an advance/decline ratio of 31/30. The JSE Combined Index advanced by 2,205.73 points or 0.57 per cent to close at 386,975.97...

Published:Monday | December 21, 2020 | 3:06 PM

The United States Federal Reserve said Friday that the 33 largest US banks are in strong shape despite the pandemic’s economic shock. The banks have ample capital cushions girding them against unexpected losses and that will also enable them to...

Published:Monday | December 21, 2020 | 12:23 AM

KINGSTON: ICT solutions provider, C&W Business Jamaica continues to enable the response to the pandemic for Government and businesses across Jamaica. Its work spans the technology backbone for the Government’s health and educational...

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

China’s ruling Communist Party called Friday for faster technology development to increase the country’s economic independence amid tensions with Washington that have disrupted access to computer chips and other high-tech components. China also...

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

The United Nations’ highest court ruled Friday that it will intervene to settle a decades-old border dispute between South American neighbours Guyana and Venezuela. The decision by the International Court of Justice, ICJ, means it will now move to...

Published:Sunday | December 20, 2020 | 12:17 AMSteven Jackson - Senior Business Reporter

Cargo Handlers Limited, CHL, has spent $100 million to acquire 30 per cent stake in Buying House Cement Limited, a cement importer based in Montego Bay that mostly supplies western Jamaica. Domicem, a company based in Dominican Republic, will...

Published:Sunday | December 20, 2020 | 12:17 AM

QUESTION: I was asked to resign from my sales job in August because I could not make my sales targets set by my company, even though they didn’t reduce the targets despite the pandemic and how bad things were in the trade. After all the hard work...

Published:Sunday | December 20, 2020 | 12:17 AM

Q UESTION: I am 57 years old and have been working unbroken since I was 18, and I am yet to establish a sound financial base. The only substantive asset I own is a five-bedroom two-storey dwelling house. I am heavily indebted and have limited...

Published:Sunday | December 20, 2020 | 12:16 AMKarena Bennett - Business Reporter

Security company Guardsman Group has formed a new company called iProtect through which it will distribute wireless security and home or office monitoring systems targeted at residential clients and business operators on a tight budget. Guardsman...

Published:Sunday | December 20, 2020 | 12:16 AM

Today, I will share my ongoing interactions with the local health insurance system over the last eight months. My goal is to provide information about how this system – defined as the insurance providers, intermediaries, other service providers,...

Published:Sunday | December 20, 2020 | 12:15 AMKarena Bennett - Business Reporter

CEAC Outsourcing Com­pany, a labour recruitment firm that added construction to its operations last year, has completed about 90 per cent of the building it is developing at the Kingston 876 commercial complex located at Ferry, Kingston. However,...

Published:Friday | December 18, 2020 | 12:22 AM

Adding a company to the benchmark S...

Published:Friday | December 18, 2020 | 12:21 AM

Keith Darien, acting principal director of the Financial Investigations Division, FID, says that over 90 per cent of the cases coming before the agency emanates from western Jamaica, chiefly Montego Bay, and that motor vehicles and real estate are...

Published:Friday | December 18, 2020 | 12:21 AM

The United States Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed...

Published:Friday | December 18, 2020 | 12:20 AM

B efore this week, few people were aware of SolarWinds, a Texas-based software company providing vital computer network-monitoring services to major corporations and government agencies worldwide. But the revelation that elite cyberspies have...

Published:Friday | December 18, 2020 | 12:20 AMHuntley Medley - Associate Business Editor

D r Guna Muppuri, CEO of listed pharmaceutical development and distribution company Indies Pharma, was concerned that media reports on a November advisory to the market, on the impact of the COVID-19 pandemic on its operations, may have somewhat...

Published:Friday | December 18, 2020 | 12:19 AM

Key Insurance Company Limited will seek to raise $670 million in a rights issue, which will open for subscription by existing shareholders two days before Christmas. The offer is being brokered by GK Capital Management, which, like Key, is owned by...

Published:Friday | December 18, 2020 | 12:19 AM

The European Central Bank’s monetary policy has undergone a peculiar change during the pandemic. Something other than the goal of price stability appears to be guiding the bank’s overall approach, suggesting that it has adopted a new mandate...

Published:Friday | December 18, 2020 | 12:18 AM

There is a vast academic literature on central bank independence, and central bank governors address the topic at every opportunity. Most of the academic papers, and all of the governors, argue that a high degree of independence is associated with...

Published:Friday | December 18, 2020 | 12:17 AMSteven Jackson - Senior Business Reporter

Distribution company Derrimon Trading Limited, DTL, which operates the Sampars and Select supermarkets, among other businesses, will remain listed on the junior market of the Jamaica Stock Exchange, JSE, despite its pending $3.5-billion capital...

Published:Friday | December 18, 2020 | 12:16 AMKarena Bennett - Business Reporter

N ew approaches to work brought on by COVID-19 have trade unionists fired up over worker rights and angling for a sit-down with the Government to discuss what they see as a need for “urgent” amendments to outdated labour laws. Concurrently, trade...

Published:Friday | December 18, 2020 | 12:15 AMSteven Jackson - Senior Business Reporter

As moratoriums on mortgage payments come to an end, real estate experts see rising risk for homeowners losing their homes to foreclosures by lenders. That’s because of the job losses under the pandemic and the slow recovery of the decimated...

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

Facebook is again pushing back on new Apple privacy rules for its mobile devices, this time saying in full-page newspaper ads that the social media giant is standing up for small businesses. In ads that ran in The New York Times, The Wall Street...

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