Thu | Jan 28, 2021

Business

Published:Wednesday | December 16, 2020 | 3:10 PM

ADVERTORIAL: MC Systems The Government of Jamaica is moving ahead with the implementation of science, technology, engineering and mathematics (STEM) schools, which it it says is the path to creating a digital society, “and closing the digital...

Published:Wednesday | December 16, 2020 | 12:22 AM

Two members of the Sackler family who own OxyContin maker Purdue Pharma agreed to appear this week before a congressional committee investigating the family and the company’s role in the national opioid addiction and overdose epidemic. Thursday’s...

Published:Wednesday | December 16, 2020 | 12:16 AMRomario Scott/Gleaner Writer

With a $72.1 billion deficit this fiscal year so far, Jamaica’s fiscal well-being continues to take a battering from the COVID-19 pandemic, with expectations that government operations will likely fall deeper into the red. The only conciliation...

Published:Wednesday | December 16, 2020 | 12:15 AMHuntley Medley/Associate Business Editor

Another round in the dispute over the manufacture and export of soaps within the 15-member Caricom bloc looks set to be played out in court. Dominica Coconut Products Successors Limited, DCPS, has confirmed that it is contemplating legal action to...

Published:Wednesday | December 16, 2020 | 12:13 AMKarena Bennett/Business Reporter

Regional rating agency CariCRIS has downgraded adventure park Mystic Mountain Limited after the company failed to make an interest payment on its US$8-million debt obligation which became due in September 2020. It comes amid some nine months of...

Published:Wednesday | December 16, 2020 | 12:09 AM

Sygnus Credit Investment Limited is headed to the market this Friday seeking US$22 million through an initial public offering of shares, or APO, which it is prepared to upsize to US$32 million if demand warrants it. The funds will give the company...

Published:Wednesday | December 16, 2020 | 12:09 AMSteven Jackson/Senior Business Reporter

The Jamaica Stock Exchange JSE, expects in a matter of days to launch a portal for private bonds issued under exemption of public disclosure, aiming to make the bulk of these assets valued at around $480 billion more liquid and tradable. It forms...

Published:Wednesday | December 16, 2020 | 12:09 AM

The prime minister of Australia said Tuesday that China would be violating World Trade Organization, WTO, rules and a bilateral free trade agreement if it banned Australian coal. Prime Minister Scott Morrison was replying to a report in China’s...

Published:Wednesday | December 16, 2020 | 12:08 AM

Big tech companies face hefty fines in Britain and the European Union if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in London and Brussels. The EU outlined its long-...

Published:Wednesday | December 16, 2020 | 12:08 AM

How should Chilean families pay for the costs of the pandemic? The conservative government’s finance minister proposes that the state should help. Thanks, but no thanks, retort members of the country’s congress. Families can use their own...

Published:Wednesday | December 16, 2020 | 12:08 AM

Scotiabank Jamaica has added a unit for premium clients and a Corporate...

Published:Wednesday | December 16, 2020 | 12:07 AM

The volume of airline passengers entering Jamaica fell by three-quarters in the month of November at both major airports, but industry experts are expecting a lot better outcome this month, it being the start of the peak tourist season. The winter...

Published:Wednesday | December 16, 2020 | 12:06 AM

Jamaica Broilers Group Limited grew half-year by 66 per cent to $1.1 billion, atop improved revenues for the market-leading poultry company. Its most lucrative market, home-ground Jamaica, had mixed results, with sales down eight per cent. “...

Published:Tuesday | December 15, 2020 | 12:12 AM

European Union chief negotiator Michel Barnier said Monday he still firmly believes that a post-Brexit trade agreement is possible, and whittled down the major outstanding disputes to be settled ahead of the new year to just two. Britain, meanwhile...

Published:Sunday | December 13, 2020 | 12:10 AM

A number of retailers, including J.C. Penney, Lowe’s and Kohl’s, are telling shoppers they need to place their online orders soon or else pay expedited shipping fees if they want to get their packages delivered in time for the holidays. The...

Published:Sunday | December 13, 2020 | 12:10 AM

The credit union representing the police and support staff is seeking to raise $110 million under a deferred share offer to its members and other eligible groups ,to upgrade and modernise the 65-year-old organisation. This is a first for the...

Published:Sunday | December 13, 2020 | 12:08 AMKarena Bennett - Business Reporter

In a rush to get older cars off the lots before the year comes to an end, auto dealers have been rolling out payment holiday and discounts, to woo potential buyers. The month of November usually marks the beginning of a busy Christmas season for...

Published:Sunday | December 13, 2020 | 12:07 AM

To many, LinkedIn is just another social network like Facebook and Twitter, with a bit more business emphasis. This view understates its importance. COVID-19 has helped make the very opposite true today. As a professional, you cannot afford to...

Published:Sunday | December 13, 2020 | 12:07 AM

QUESTION: I bought a small plot of land from someone, and I need some help to access a loan from the National Housing Trust to build. I have the document from the bank that shows that I paid the person the money for the land. I have not got a...

Published:Sunday | December 13, 2020 | 12:07 AM

The Dogs (Liability for Attacks) Act 2020, which this newspaper’s editors have called the Dog Attack Bill, wrongly in my view, completed the last stage of the legislative process. It was passed by the Senate on December 5. The governor general must...

Published:Sunday | December 13, 2020 | 12:06 AMKarena Bennett - Business Reporter

In a move to make buying local easier for shoppers this Christmas, and consequently drive sales for small and micro ventures, businesswoman Angelie Spencer has partnered with the National Commercial Bank Jamaica Limited, NCB, and video company M-...

Published:Friday | December 11, 2020 | 12:19 AMHuntley Medley - Associate Business Editor

Jamaican soap manufacturers have lost a year-long battle for continued duty-free exports to the Caricom market of 18 million people. The loss comes after a successful challenge in late November at Caricom’s Council for Trade and Economic...

Published:Friday | December 11, 2020 | 12:19 AM

Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. IPOs slowed sharply in the spring due to the pandemic, but they surged in the summer...

Published:Friday | December 11, 2020 | 12:19 AM

The European Central Bank, ECB, unleashed another half-trillion euro wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and hurts pre-Christmas sales revenue ahead of the region’s most important holiday...

Pages

Subscribe to Business