Sat | Aug 24, 2019

Business

Published:Sunday | July 7, 2019 | 12:21 AM

QUESTION: I am a young entrepreneur who conducts a mobile upholstery cleaning service. Our clients set appointments any time during the week – from Sunday to Sunday – and our team completes cleaning at their location. Our services include sofa...

Published:Sunday | July 7, 2019 | 12:21 AM

Just over a week ago, President of Cuba Miguel Díaz-Canel, said that starting this month, all state-employed workers will receive the first of what is likely to be several salary increases. His widely reported announcement responded to shared...

Published:Sunday | July 7, 2019 | 12:15 AM

After 56 years, general insurance company BCIC is betting that downtown Kingston is the place to be. A $50 million renovation of one floor of BCIC’s Duke Street Head Office is just the first phase of a three- to four-year makeover for the company,...

Published:Sunday | July 7, 2019 | 12:11 AM

The turnaround plan submitted by Key Insurance will cull risky motor policies as an important strategy to return to profit in 2020. Key Insurance will cull risky motor policies under a turnaround plan that is meant to return the general insurer to...

Published:Friday | July 5, 2019 | 12:29 AMHuntley Medley - Senior Business Writer

Pharmaceutical distributor Indies Pharma Jamaica Limited, which reported in its April second-quarter financials that it had paid off all debts, is considering a return to its banks for loan capital to finance what founder and CEO Dr Guna Muppuri...

Published:Friday | July 5, 2019 | 12:23 AM

India’s government said Thursday that the economy is expected to grow at seven per cent in 2019-20, up from a five-year low of 6.8 per cent in the past year. Finance Minister Nirmala Sitharaman presented the economic report in Parliament a day...

Published:Friday | July 5, 2019 | 12:22 AM

European Council President Donald Tusk appealed Thursday to hostile lawmakers to endorse a raft of nominees for some of the European Union’s (EU) most coveted jobs amid accusations that he and the bloc’s leaders hand-picked the candidates in a...

Published:Friday | July 5, 2019 | 12:22 AM

Authorities in Gibraltar said they intercepted on Thursday a supertanker believed to be breaching European Union (EU) sanctions by carrying a shipment of Iranian crude oil to war-ravaged Syria, while a senior Spanish official said the operation was...

Published:Friday | July 5, 2019 | 12:22 AM

Poultry producer Jamaica Broilers Group, JBG, has a positive outlook on its 2020 financial year as it continues to seek out acquisitions in the United States. Group profit increased by 17 per cent to $2.37 billion for the full year ending April...

Published:Friday | July 5, 2019 | 12:21 AM

Twenty-one stocks, representing about a quarter of ordinary listings on the Jamaica Stock Exchange (JSE) made double-digit gains between January and June, reflecting a continuation of the market’s bull run. The stocks gained between 12 per cent...

Published:Friday | July 5, 2019 | 12:21 AMKarena Bennett - Business Reporter

The Access to Finance Facilitation Panel, a group made up of the Government, private institutions and business development organisations, is exploring movable assets as security for loans as one of the measures aimed at hitting a $100 billion...

Published:Friday | July 5, 2019 | 12:14 AMMcPherse Thompson - Assistant Editor-Business

Fifteen years after selling out his gas station network to French-owned Total Jamaica Limited, Roylton DeCambre’s company National Fuels and Lubricants has filed a lawsuit that claims seven of the properties taken over by Total were never...

Published:Friday | July 5, 2019 | 12:13 AM

Abraham Rodríguez’s small shoe store grew into a factory that employed more than a dozen workers during an economic boom in Bolivia when prices for the gas and minerals it produces soared. Today, he can only employ one worker. He says the tax-free...

Published:Thursday | July 4, 2019 | 12:25 AM

Boeing said Wednesday that it will provide an “initial investment” of US$100 million over several years to help families and communities affected by two crashes of its 737 Max plane that killed 346 people. The Chicago-based company said some of the...

Published:Wednesday | July 3, 2019 | 12:26 AM

OPEC members won the support Tuesday of other major oil-producing nations to extend a production cut for another nine months in a bid to shore up prices at a time of waning demand. Member nations of the Organization of the Petroleum Exporting...

Published:Wednesday | July 3, 2019 | 12:23 AM

The two contenders to be Britain’s next prime minister both said Tuesday that they would unblock the Brexit impasse by scrapping a contentious Irish border provision that has hamstrung efforts to approve a divorce agreement with the European Union...

Published:Wednesday | July 3, 2019 | 12:23 AM

European Union (EU) leaders reconvened Tuesday to consider a new proposal to end an embarrassing deadlock over nominating candidates to hold the bloc’s key posts for at least the next five years. In one of the longest EU summits in recent years,...

Published:Wednesday | July 3, 2019 | 12:19 AM

Cattleman Laurentino Cortizo was sworn in as Panama’s president Monday, saying he will work during his five-year term to boost the economy and bring transparency in contracting for public works projects. The 66-year-old won an election two weeks...

Published:Wednesday | July 3, 2019 | 12:16 AM

Most types of investments did well from April through to June, with US stocks setting record highs, bond funds packing a year’s worth of returns into three months, and gold hitting its highest price in six years. But chronic checker-uppers, those...

Published:Wednesday | July 3, 2019 | 12:15 AMNeville Graham/Business Reporter

A new investment company that will trade in listed securities for its own gain is shelling out up to $5 million on a media campaign to distinguish itself from the pack when it approaches the junior stock market this summer in search of equity...

Published:Wednesday | July 3, 2019 | 12:10 AMKarena Bennett/ - Business Reporter

Luxury resort Half Moon has inked a deal with Salamander Hotels and Resorts to manage its 400-acre beachfront resort in Montego Bay. Half Moon’s decision to partner with Salamander Hotels on the management of its property comes months after Half...

Published:Wednesday | July 3, 2019 | 12:09 AMSteven Jackson/Senior Business Reporter

Key Insurance Company, known for its motor and property policies, has developed a turnaround plan for the business to achieve profitability and improve its capital ratios. It comes in the wake of a breach of Key’s minimum capital test for its full...

Published:Wednesday | July 3, 2019 | 12:08 AMKarena Bennett/Business Reporter

CEAC Outsourcing Com­pany, a local entity in the business of labour recruitment, has diversified its business model to include a construction division that deals in the ­buildout of business spaces and housing development. The company hopes to...

Published:Wednesday | July 3, 2019 | 12:08 AMSteven Jackson/Senior Business Reporter

Telecoms provider Digicel Group posted a nine per cent drop in its earnings for its fourth quarter ending March 2019, and is expecting its debt levels to rise. The company said its earnings were impacted by one-off costs. “We are fully committed to...

Published:Wednesday | July 3, 2019 | 12:08 AMSteven Jackson/ - Senior Business Reporter

The new and fortified competition in the insurance sector is not too big a worry for market leader Sagicor Life, according to the leadership of the parent company Sagicor Group Jamaica. In fact, it is the rival operators that should be concerned...

Pages

Subscribe to Business