Mon | Feb 24, 2020

Business

Published:Wednesday | January 15, 2020 | 5:07 PM

The Jamaica Stock Exchange (JSE) combined index dipped below 500,000 points today. The JSE Combined Index declined by nearly 8,400 points on Wednesday or 1.68 per cent to close at 491,376.9 points. The JSE Index declined by 9,002.01 points or 1.78...

Published:Wednesday | January 15, 2020 | 9:18 AM

The Jamaica Stock Exchange (JSE) combined index advanced by one-quarter of a per cent on Tuesday with twice as many stocks gaining than declining. The index closed up 1,186 points or 0.24 per cent to close at 499,767 points. The JSE Index advanced...

Published:Wednesday | January 15, 2020 | 12:53 AMHuntley Medley/Senior Business Writer

Hotel company Jartena Properties Limited has bought Montego Bay’s 84-room Wexford Hotel, which had been on the market for some time. The new owner, which also owns and operates the Altamont Hotel in Kingston and Altamont West in Montego Bay, plans...

Published:Wednesday | January 15, 2020 | 12:25 AMMcPherse Thompson/Assistant Editor – Business

The Court of Appeal has set aside a judgment that favoured Victoria Mutual Building Society, VMBS, which sold a confiscated property in the upscale residential community of Long Mountain in Kingston at what the mortgagor said was a grossly...

Published:Wednesday | January 15, 2020 | 12:23 AM

In May of 2019, I issued a working paper on my website titled ‘The time has come to permanently retire all our Caribbean currencies’. In that paper I argued that the currencies of Caribbean countries have now outlived their usefulness, and have...

Published:Wednesday | January 15, 2020 | 12:22 AMKarena Bennett/Business Reporter

ICD Group Holdings Limited has acquired the remaining 50 per cent shareholding in sister companies Advantage Communications Inc, ACI, and ADV Communications Jamaica Limited, and now has full control of the business process...

Published:Wednesday | January 15, 2020 | 12:19 AM

BlackRock, the world’s largest asset manager, will make climate change central to its investment decisions. Founder and CEO Laurence Fink, who oversees the management of about US$7 trillion in funds, said in his influential annual letter to CEOs...

Published:Wednesday | January 15, 2020 | 12:18 AM

Delta Air Lines boosted its fourth-quarter profit to US$1.1 billion by adding more flights over the holiday-packed period and stuffing them even more full of passengers. Lower fuel prices helped too, as Delta reported Tuesday that earnings rose...

Published:Wednesday | January 15, 2020 | 12:17 AMSteven Jackson/ - Senior Business Reporter

Proven Investments Limited, PIL, says it plans to raise $4 billion (US$30 million) in its additional public offer of shares in the company, or APO, funds it will use to acquire new assets and finance ongoing projects. It’s the second company in...

Published:Wednesday | January 15, 2020 | 12:17 AMKarena Bennett/Business Reporter

Stredie Thompson, the newer owner of Journey’s End Wine Company, has already added two new flavours to the company’s portfolio of fruit wines and is on the brink of securing a 3,196,000-square-foot facility in Kingston to grow the business, a...

Published:Wednesday | January 15, 2020 | 12:05 AM

The Panama Canal will begin collecting a freshwater surcharge from ships transiting the interoceanic waterway, authorities announced Monday, as part of actions to address a scarcity of rainfall after the surrounding watershed recorded its fifth...

Published:Tuesday | January 14, 2020 | 12:13 AM

China’s auto sales fell for a second year in 2019 as the trade war with Washington and an economic slowdown depressed consumer confidence and demand for electric vehicles weakened, an industry group reported Monday. The downturn is squeezing...

Published:Monday | January 13, 2020 | 7:41 PM

The Jamaica Stock Exchange (JSE) combined index increased marginally on Monday despite more stocks declining than advancing. The JSE Combined Index advanced by 70.96 points or 0.01 per cent to close at 498,581.42. The JSE Main Market Index advanced...

Published:Sunday | January 12, 2020 | 12:53 AM

As part of a surprise announcement distancing themselves from the British royal family, Prince Harry and his wife Meghan declared they will “work to become financially independent” – a move that has not been clearly spelt out and could be fraught...

Published:Sunday | January 12, 2020 | 12:52 AMKarena Bennett - Business Reporter

After several years of fine-tuning a franchising model and negotiating deals for the opening of four Usain Bolt’s Tracks...

Published:Sunday | January 12, 2020 | 12:52 AM

Why is it that some fast-rising corporate professionals get stalled on their path to the top position? Or why do they fail to fulfil their potential when they assume the top role? The answer: sometimes, they neglect to revoke unproductive ways of...

Published:Sunday | January 12, 2020 | 12:52 AM

QUESTION: Does the regulator, the Financial Services Commission, play a role in approving premium increases for motor vehicle insurance? If they do not oversee the process, is there any way to guarantee that prices are being set fairly? −...

Published:Sunday | January 12, 2020 | 12:51 AM

There are several life phases through which we generally pass, and people passing through each stage tend to have similar experiences. Not everybody necessarily passes through all the stages, and not everybody is affected in the same way or...

Published:Sunday | January 12, 2020 | 12:51 AM

On Thursday, the United States Secretary of State, Mike Pompeo, proposed a new approach to the political crisis that continues to grip Venezuela. In a statement, he called for “free and fair” presidential and national assembly elections organised...

Published:Sunday | January 12, 2020 | 12:45 AMSteven Jackson - Senior Business Reporter

First Rock Capital feted investors at one of its development sites in the upscale ‘Golden Triangle’ in Kingston on Thursday, where the start-up private equity company, which is preparing to go public and list on the stock market, also announced...

Published:Sunday | January 12, 2020 | 12:34 AM

Eleven stocks made triple-digit gains on the Jamaica Stock Exchange, JSE, last year, and the market racked up a new record having topped 500,000 points for the first time. Market analysts expect stocks to maintain vibrancy in 2020, given pending...

Published:Sunday | January 12, 2020 | 12:32 AM

The Trump administration on Wednesday unveiled its most recent round of guidelines for autonomous vehicle makers that still rely on the industry to police itself despite calls for specific regulations. Transportation Secretary Elaine Chao announced...

Published:Friday | January 10, 2020 | 8:44 AM

The Guyana Government says there is no consideration to granting flag carrier status to Caribbean Airlines Limited, CAL, even though the Trinidadian-owned carrier has been servicing the route for the “last 60 years”. Public Infrastructure Minister...

Published:Friday | January 10, 2020 | 8:44 AMMcPherse Thompson - Assistant Editor – Business

The Private Sector Organisation of Jamaica, PSOJ, has unveiled a six-point strategic plan to ensure that the country achieve inclusive growth and create an environment that enables private sector-led investments, while protecting the island’s...

Published:Friday | January 10, 2020 | 8:44 AMNeville Graham - Business Reporter

When the board of junior market beverage company Jamaican Teas Limited meets on January 14, the directors will consider two subjects: a possible increase in the authorised share capital of the company and a sub-division of the companies issued and...

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