Sun | Sep 23, 2018

Business

Published:Friday | August 10, 2018 | 12:00 AM

Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a US$72-billion buyout of the electric carmaker, but he may be acquiring new headaches with his...

Published:Friday | August 10, 2018 | 12:00 AM

Millennials are driving demand for data services, in Jamaica and across the region, leading to a fivefold growth in usage on Digicel Jamaica's network in half a decade, according to CEO Justin Morin....

Published:Friday | August 10, 2018 | 12:00 AM

Seprod Limited is investing nearly a billion dollars in the construction of two gas-powered energy plants on-site two of its subsidiary companies that will...

Published:Friday | August 10, 2018 | 12:00 AM

Jamaica Stock Exchange Limited, JSE Group, doubled its net profit in the June quarter buttressed by new listings that are tracking ahead of target, with more to come.JSE Group made $90 million in June, up 97 per...

Published:Friday | August 10, 2018 | 12:00 AM

Bakery operator Honey Bun Limited entered two new markets in the Caribbean within the quarter ending June, but CEO Michelle Chong is keeping the country's identities close to her chest.Other...

Published:Friday | August 10, 2018 | 12:00 AM

Proven Investments Limited, PIL, said Wednesday that its real estate subsidiary will be developing an 80-unit residential complex on Braemar Avenue, which was the original home of Red Bones Blues Cafe...

Published:Friday | August 10, 2018 | 12:00 AM

China's exports to the United States surged last month, shrugging off President Trump's tariff hike in a dispute over technology.Shipments to the United States climbed 13.3 per cent from a year earlier...

Published:Friday | August 10, 2018 | 12:00 AM

Tribune withdrew from its US$3.9-billion buyout by Sinclair, ending a bid to create a massive media juggernaut that could have rivalled the reach of Fox News.Tribune Media Company, which is on the hook for a US$...

Published:Friday | August 10, 2018 | 12:00 AM

Virgin Group founder Sir Richard Branson is planning to create the world's first climate-smart zone in the Caribbean and has secured the backing of the Inter-American Development Bank, IDB, for...

Published:Thursday | August 9, 2018 | 12:51 PMMcPherse Thompson

  Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic energy in agriculture and industry as a means of stimulating economic growth. This marks their second programme and...

Published:Thursday | August 9, 2018 | 12:00 AM

Republican US Repres-entative Christopher Collins of western New York state was arrested Wednesday on charges he fed inside information he gleaned from sitting on the board of a biotechnology company to his son, helping themselves and others dodge...

Published:Wednesday | August 8, 2018 | 12:18 PM

Being your own boss has many perks, and many persons harbour the hope of being an entrepreneur. The upside of being an entrepreneur includes being able to determine the pace of your day, having the opportunity to transform your vision into reality...

Published:Wednesday | August 8, 2018 | 12:00 AM

Food and financial services conglomerate GraceKennedy Limited expects to book $150 million as redundancy costs relating to job cuts that have already begun.Under programme to drive up revenue and returns, the company announced the elimination of 70...

Published:Wednesday | August 8, 2018 | 12:00 AMAvia Collinder/ Business Reporter

It's now 21 years since bailout agency Finsac was established to address problems of insolvency in the financial sector, but plans to wind up the company are hostage to unresolved court cases.The Ministry of Finance told the Financial Gleaner that...

Published:Wednesday | August 8, 2018 | 12:00 AM

Real estate developer Lloyd Williams is taking on his first venture in Jamaica, Kensington Gate, a seven-storey residential complex costing $500 million.The principal owner of J.M.D Williams Innovative Homes...

Published:Wednesday | August 8, 2018 | 12:00 AMAvia Collinder/ Business Reporter

New data indicate some measure of success in the rehabilitation of insolvent pension schemes.At the end of last year, insolvent schemes represented seven per cent of active pension plans, and accounted for 1.07 per cent of the pension assets under...

Published:Wednesday | August 8, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Sales of the Jamaica rum brands owned by Campari Group rose above €38 million ($6.1 billion) over six months ending June.Through J. Wray...

Published:Wednesday | August 8, 2018 | 12:00 AM

Thank you for the motivation and inspiration you deliver through your column every week. I am benefiting from it. Now, I am not verbose. I think if a resume is too wordy, people are turned off from you. I keep mine concise with bullet points. What...

Published:Wednesday | August 8, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Total revenues at Jamaica's largest airport, Sangster International, increased six per cent to US$52 million over six months to June, based on an analysis of disclosures by controlling partner Grupo Aeroportuario del Pacifico (GAP). The intake...

Published:Wednesday | August 8, 2018 | 12:00 AM

Regional commission ECLAC is reporting that foreign direct investments, FDI, in Guyana increased to US$212 million last year in part as a result of the oil and gas sector preparing for First Oil.The flows nearly quadrupled relative to 2016 when...

Published:Wednesday | August 8, 2018 | 12:00 AM

The European Union's foreign policy chief encouraged companies to do more business with Iran despite new United States sanctions, saying Tehran had upheld its commitments under the deal to limit its nuclear programme.Federica Mogherini told...

Published:Wednesday | August 8, 2018 | 12:00 AM

A facial recognition system will be used across an Olympics for the first time as Tokyo organisers work to keep security tight and efficient at dozens of venues during the 2020 Games.The NeoFace technology developed by NEC Corp will be customised to...

Published:Wednesday | August 8, 2018 | 12:00 AM

The world's largest soda maker is testing a fountain that lets people fill reusable water bottles with free, filtered water - but also offers the option of paying to add bubbles and fruity flavours.It's an example of how the maker of Fanta, Sprite...

Published:Wednesday | August 8, 2018 | 12:00 AM

American safety investigators are looking into complaints of fires that may have been caused by the seat belts in Ford F-150 pickup trucks.The investigation covers trucks from the 2015 through 2018. Ford sold about 2 million F-150s during those...

Published:Wednesday | August 8, 2018 | 12:00 AM

Securities dealer Stocks & Securities Limited gained approval from shareholders to change the name of listed company C2W Music Limited to SSL Venture Capital Limited (SSL Ventures)...

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