Tue | Jun 2, 2020

Business

Published:Sunday | April 19, 2020 | 12:18 AMSteven Jackson - Senior Business Reporter

Digicel Group chairman Denis O’Brien has put up the telecoms regional headquarters on the Kingston waterfront as collateral under a debt deal with bondholders. The Digicel founder committed to putting up US$50 million – half in cash and the rest in...

Published:Sunday | April 19, 2020 | 12:00 AMHuntley Medley - Senior Business Writer

Mighty Spice Limited, a small business specialising in natural herbs-based meats and fish seasoning, had a promising first three years of operations to January this year, followed by a bleak month of March when sales nosedived 85 per cent amid the...

Published:Sunday | April 19, 2020 | 12:14 AM

Energy company Royal Dutch Shell told investors on Thursday that it aims to stop adding greenhouse gases to the atmosphere by 2050, a move that was welcomed by some climate campaigners even as others called it “corporate greenwash”. The British-...

Published:Saturday | April 18, 2020 | 12:00 AM

BEIJING (AP): China suffered its biggest contraction since possibly the mid-1960s after millions of people were told to stay home to fight the coronavirus. The world’s second-largest economy shrank by 6.8 per cent from a year earlier in the...

Published:Friday | April 17, 2020 | 12:19 AMSteven Jackson - Senior Business Reporter

JAMAICA’S LARGEST insurance conglomerate, Sagicor Group, says it can weather a three-month shutdown of the country without too big a financial impact, but the longer the health crisis lasts, the more risks the company faces. Sagicor has gamed out...

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

K EY INSURANCE Company Limited, KICL, made its biggest losses yet totalling more than three-quarters of a billion dollars last year, but its new owner believes it can reverse the company’s downward spiral within a year. Now under the ownership and...

Published:Friday | April 17, 2020 | 12:17 AMHuntley Medley - Senior Business Writer

ZAYIN PEST Solutions is an example of a company repurposing and refocusing during a health and economic disaster to take advantage of emerging opportunities, even as its traditional area of business activity takes a beating. The year-old start-up...

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

A FIRE hose of cash that’s rained trillions of dollars on to those fortunate enough to own stocks is suddenly being choked off. Profits for United States companies piled up in recent years, thanks to a strengthening economy, low interest rates and...

Published:Friday | April 17, 2020 | 12:14 AMKarena Bennett - Business Reporter

MONTHS BEFORE Jamaica confirmed its first case of the new coronavirus, the country of 2.8 million people was already showing signs of a slowdown in economic performance, according to data released by the Statistical Institute of Jamaica, Statin,...

Published:Thursday | April 16, 2020 | 12:51 PM

Data on Jamaica’s labour force for April will not be available due to the cancellation of collection activities by the Statistical Institute of Jamaica (STATIN) in light of COVID-19.

 

Published:Thursday | April 16, 2020 | 12:13 AM

Global demand for oil will fall this year by the most ever due to the economic lockdowns enforced around the world to contain the coronavirus pandemic, the International Energy Agency, IEA, said Wednesday. An estimated drop in demand of 9.3 million...

Published:Wednesday | April 15, 2020 | 12:00 AM

The impact of the coronavirus disease 2019 (COVID-19) on the world economy, underscores the importance of the need for businesses to have a business continuity plan (BCP), says technology experts. “A business continuity plan is a process that...

Published:Wednesday | April 15, 2020 | 12:32 AMJan Yves Remy - Guest Columnist

OP-ED CONTRIBUTION: COVID...

Published:Wednesday | April 15, 2020 | 12:29 AMSteven Jackson/Senior Business Reporter

Air travel to Jamaica plunged by nearly 50 per cent through its largest and busiest airport in the month of March, equating to around 230,000 passengers. April is also expected to follow that trajectory amid the travel ban, and as persons shelter...

Published:Wednesday | April 15, 2020 | 12:28 AMKarena Bennett/Business Reporter

JMMB Fund Managers Limited, JMMBFM, has struck a deal with four-year-old company Wise Construction to develop luxury homes, marking its entry into the residential real estate market as a minority partner. The housing project is earmarked for a one-...

Published:Wednesday | April 15, 2020 | 12:28 AM

Hotel investor Sagicor Real Estate X Fund Limited made losses for two consecutive years, but its cash holdings have jumped consistently over that period to record levels. The company, which holds hotel assets, expects its revenue and asset...

Published:Wednesday | April 15, 2020 | 12:25 AM

A French court has ordered Amazon to stop selling, receiving or delivering non-essential goods for the next month to protect its employees from the virus. Amazon protested Tuesday’s emergency ruling, while unions hailed it as a victory for workers...

Published:Wednesday | April 15, 2020 | 12:25 AM

Sports apparel and shoe company Adidas says it has been approved by the German government for a €3 billion (US$3.3 billion) emergency loan to help the company get through a period of lost business due to the virus outbreak. The company based in...

Published:Sunday | April 12, 2020 | 12:18 AM

The number of Americans getting on airplanes has sunk to a level not seen in more than 60 years as people shelter in their homes to avoid catching or spreading the new coronavirus. The Transportation Security Administration screened 94,931 people...

Published:Sunday | April 12, 2020 | 12:17 AMKarena Bennett - Business Reporter

Kevin Frith, the man who founded Bar Central in 2013, is going into a new line of business. He continues to hold a one-quarter stake in Bar Central, a marketing and distribution company for liquor and drinks, but has ceased being its CEO since the...

Published:Sunday | April 12, 2020 | 12:17 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I would like to know if I can transfer a bond investment from one financial institution to another, that is, remove the bond investment without selling it. – Ainsworth FINANCIAL ADVISER: You...

Published:Sunday | April 12, 2020 | 12:17 AM

ADVISORY COLUMN: SMALL BUSINESS ‘The most critical thing for you to understand is that it is the novel coronavirus COVID-19 that will set the pace and time for global and national economic recovery, and by extension the recovery of your business....

Published:Sunday | April 12, 2020 | 12:16 AM

ADVISORY COLUMN: INSURANCE HELPLINE QUESTION: Are motorists likely to see a drop in their premiums as a result of fewer claims due to COVID-19? From my observations around Kingston and St Andrew, there are fewer vehicles on the roads. This is very...

Published:Sunday | April 12, 2020 | 12:16 AM

A cottage industry is developing around the production of masks as replacement for lost business during the coronavirus crisis or the chance to earn new income. And even established companies have turned to it as a lifeline. The national COVID-19...

Published:Sunday | April 12, 2020 | 12:15 AM

Jayati Ghosh Guest Columnist OP-ED CONTRIBUTION: FINANCIAL ORDER The COVID-19 pandemic has thrust the entire world – rich and poor – into uncharted territory, prompting extraordinary policy responses almost everywhere. The looming economic...

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