Wed | Jun 19, 2019

Business

Published:Friday | May 17, 2019 | 12:30 AMAvia Collinder - Business Reporter

Three e-payment companies have been shortlisted by the Ministry of Labour and Social Security for the contract to begin distributing social welfare benefits via mobile wallets, under the Programme of Advancement Through Health and Education, PATH....

Published:Thursday | May 16, 2019 | 12:12 AM

China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth. Wednesday’s unexpectedly weak data prompted suggestions that Beijing needs...

Published:Wednesday | May 15, 2019 | 12:19 AMSteven Jackson/Senior Business Reporter

The Loshusan family plans to build a shopping complex in Mandeville at Caledonia Drive on lands that currently house a Shoppers Fair supermarket, an inside source revealed. The Loshusans are indirectly connected to Shoppers Fair as members of the...

Published:Wednesday | May 15, 2019 | 12:18 AM

Consumers can pursue a lawsuit complaining that iPhone apps cost too much, the Supreme Court ruled on Monday, adding to Apple’s woes that already include falling iPhone sales and a European investigation. The lawsuit could have major implications...

Published:Wednesday | May 15, 2019 | 12:18 AM

Tullow Oil wants to drill for oil in select countries next year, including Jamaica, where it recently concluded a 3D seismic survey with promising results. The preliminary findings of the survey indicate there is a one-in-five chance of finding oil...

Published:Wednesday | May 15, 2019 | 12:11 AM

Amid the hum and heat of Berlin’s Reuter thermal power station stands a shining contraption that looks out of place in the decades-old machine hall. Its silver pipes and vats contain a substance that Vattenfall, the plant’s operator, says could...

Published:Wednesday | May 15, 2019 | 12:11 AMAvia Collinder/Business Reporter

The National Housing Trust (NHT) is still consulting internally on the details of the new intergenerational mortgage product and is yet to set a roll-out date. The initiative was announced by Prime Minister Andrew Holness in March as a means of...

Published:Wednesday | May 15, 2019 | 12:11 AM

Hub Coworking Limited and non-profit group Kingston Creative have formed a joint-venture partnership on a coworking location in downtown Kingston by midyear. The new location will double the size of the meeting rooms operated by the Hub Coworking...

Published:Wednesday | May 15, 2019 | 12:07 AMJanet Silvera/Senior Gleaner Writer

Three decades ago, hotelier and farmer Ricky Jackson pumped US$1.5 million into the acquisition of a 4,000 acre property that has become his passion and environmental cause. Over time he has developed Moreland Hill Estate, located at the border of...

Published:Wednesday | May 15, 2019 | 12:06 AM

Japanese automaker Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that its annual profit nosedived to less than half of what it earned the previous year, and forecast even dimmer results going forward. Nissan...

Published:Tuesday | May 14, 2019 | 12:22 AM

Deepening a trade battle and sending financial markets into a tailspin, China announced Monday it was raising tariffs on US$60 billion of United States goods in retaliation for the latest hike in US tariffs on its exports. The finance ministry said...

Published:Monday | May 13, 2019 | 9:58 PM

  Jamaica’s largest banking conglomerate NCB Financial Group has finalised the acquisition of an additional 74.23 million shares in Guardian Holdings Limited, which doubles its ownership of the regional insurance group to 62 per cent at...

Published:Sunday | May 12, 2019 | 1:02 AMAvia Collinder - Business Reporter

The Coconut Industry Board’s commercial plan has got the green light from the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF), and talks have already been initiated with private players on joint venture partnerships. Coconut Board...

Published:Sunday | May 12, 2019 | 12:24 AM

COLUMN: FOREIGN POLICY A few days ago, the United Nations published a document which indicated that historically unprecedented levels of human activity were causing dramatic changes to the variety of plant and animal life in the world. The...

Published:Sunday | May 12, 2019 | 12:24 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am a tattoo artist, and I was looking on the internet for information that would help me learn about the stock traders in Jamaica. I saw an article in the Gleaner pertaining to what I was...

Published:Sunday | May 12, 2019 | 12:23 AM

ADVISORY COLUMN: BUSINESSWISE QUESTION: First and foremost, thank you for being an inspiration as a young black female entrepreneur. I am a 23-year-old whose highest level of qualification is an associate degree done in Sixth Form and I’m...

Published:Sunday | May 12, 2019 | 12:23 AM

ADVISORY COLUMN: INSURANCE HELPLINE “Many thanks for the information that you provide each week.” Those were the words a female reader said to me last week during a brief encounter in the supermarket. I was meeting her for the first time. She...

Published:Sunday | May 12, 2019 | 12:17 AMAvia Collinder - Business Reporter

The real estate sector continues to see a spike in residential developments as investment properties that are targeted at the growing homeshare market. And at least one bank has designed a loan programme around it. First Global Bank Limited says it...

Published:Friday | May 10, 2019 | 12:27 AM

Executive chairman Lascelles Chin will assume responsibility for Lasco Distributors Limited, following the surprise departure of Peter Chin from the family operation. Peter resigned as managing director of Lasco Distributors, effective April 30,...

Published:Friday | May 10, 2019 | 12:25 AMHuntley Medley - Senior Business Writer

Exquisite Wicker is a small operation that for more than 20 years has been making wicker furniture out of its 92 Hope Road location, smack in the middle of the Liguanea commercial and residential district in Kingston. David Myrie spent his earliest...

Published:Friday | May 10, 2019 | 12:24 AMAvia Collinder - Business Reporter

GraceKennedy Limited and Musson Jamaica, two of Jamaica’s largest conglomerates in control of multiple companies, will initially look to their own networks for business to feed the new life insurance company on which they have teamed up. Insurance...

Published:Friday | May 10, 2019 | 12:17 AM

Nike wants to meet your feet. The sneaker seller will launch a foot-scanning tool on its app this summer that will measure and remember the length, width and other dimensions of customers’ feet after they point a smartphone camera to their toes....

Published:Friday | May 10, 2019 | 12:16 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Deep in the bowels of the Peace Hotel, the Old Jazz Band is one of the more obscure tourist destinations of the Shanghai Bund. Built in the art deco style of the roaring 1920s, the hotel marked the...

Published:Friday | May 10, 2019 | 12:16 AMAvia Collinder - Business Reporter

Lorna Green, CEO of Digital Transtec Limited, is tearing down the building that houses her company in New Kingston to develop a six-storey residential complex. Green is constructing 22 residences on the half-acre lot at IC Braemar Avenue, starting...

Published:Friday | May 10, 2019 | 12:15 AM

With plane crashes making headlines over the weekend, one in Florida with no fatalities and another in Russia that killed dozens, travellers might question whether flying has become less safe. Aviation experts regard the recent incidents as a...

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