Medical centre operator GWest Corporation, which is grappling with the concerns of its auditors about its losses and financial health, has received accreditation for two of its service units, which it expects will serve to bring in new business....
The United States Federal Reserve’s latest nationwide survey, released on Wednesday, reveals that despite growing worries about the impact of President Donald Trump’s trade battles, the overall economy remained solid. The Fed said that many of its...
AMG Packaging and Paper Company Limited has received approval from its board of directors to seek funding for the development of an adjoining property to its business place, which it acquired last year. The cardboard paper maker currently operates...
The first train using new equipment from China pulled out of Havana on Saturday, hauling excited passengers on the start of a 915-kilometre (516-mile) journey to the eastern end of the island as the government tries to overhaul the country’s ageing...
You don’t have to know everything about how your IT plan for disaster recovery works. But there are two critical metrics related to that plan that should be clearly defined before you sign off on the budget for the next fiscal year – that is, your...
Jamaica may need to add 1.0 gigawatts of power over the next two decades, which would double the current estimated energy output. The new load will include cleaner fuels, such as liquefied natural, LNG, gas and renewables, such as wind, solar and...
The initial public offering of shares in the Eppley Caribbean Property Fund Limited SCC-Value Fund has been extended by two weeks, but the fundraising target is so far unchanged at $4.5 billion. Eppley Caribbean Chairman Nicholas Scott says the...
Year-old plans to combine Clarendon Alumina Production, CAP, and Jamaica Bauxite Mining Limited and float the merged business on the stock market may have hit a snag related to CAP’s chief asset, Jamalco, which itself was part of a separate...
It used to be that importing a used motor vehicle from Japan would take two to five weeks, but importers are now faced with delays of up to five months. According to Andrew Jackson, vice-president of the Jamaica Used Car Dealers Association, JUCDA...
Banking conglomerate Citigroup said its second-quarter profits rose by 7 per cent from a year ago, helped by higher interest rates, a lower tax rate and a strong economy. Citigroup is the first of the big Wall Street banks to report results this...
Financial experts tout real estate as one of the most viable assets you can invest in, as it typically offers investors above-average returns, with less risk, when compared to stocks, and gives you the opportunity to diversify your investment...
China’s trade with the United States plunged last month as a tariff war battered exporters on both sides of the Pacific Ocean. And there’s no let-up in sight: Tensions between the world’s two biggest economies continue to simmer even though...
Volkswagen will invest US$2.6 billion into a Pittsburgh autonomous vehicle company that’s mostly owned by Ford as the automakers who were once rivals deepen their partnership to develop driverless and electric vehicles in an ultra-competitive...
Hearings into the claim for the winding up of Arc Systems Limited will continue on July 24, a date set Friday by Justice David Batts after denying the company’s bid to reverse the order that appointed the liquidator. Batts, however, granted...
Why is it that strategic plans often languish on the shelf? Some would say it’s a matter of lazy executives, but experience shows that it has more to do with creating the right context from the start. A client I work with has an idea: “Let’s put up...
Last month, Facebook announced that it will roll out in 2020 a global digital currency to be known as Libra. It is a decision that has profound implications for all financial institutions everywhere, raises new regulatory concerns for central...
There have been some recent discussions in the media regarding the taxation or non-taxation of Airbnb operators. Tourism Minister Edmund Bartlett was recently quoted by Loop as “reiterating that there are no discussions being held about taxing...
Proven REIT Limited is investing US$10 million or $1.3 billion in local currency in a six-storey residential high-rise under phase two of its Bloomfield development in Mandeville. The company plans to break ground for construction in November, and...
WeXchange, the platform that connects high-growth entrepreneurs from Latin America and the Caribbean with mentors and investors, is inviting female entrepreneurs across Jamaica to enter the seventh staging of its pitch competition for start-ups...
After hitting a two-year low on July 5, the Sagicor X Fund stock has regained some of its momentum amid announcements that the company plans to hunt for real estate assets across the region. From its low of $8.30, X Fund traded as high as $11.50...
Diversification is readily advanced as a risk-management tool in investment management. It is more than just not ‘putting all your eggs into one basket’ and should not be applied in a random way. A portfolio can be diversified in several ways: by...
Investment managers are detecting an increasing tolerance for risk among Jamaican investors and are designing products to feed that growing appetite. Unit trusts, which are considered relatively safe investments because the risk is pooled, have...
The Hendrickson family’s National Baking Company has been consistent in its focus on meeting its customers’ expectation and demand for fresh bread and other baked products daily, and in the process, is prepared to spend big dough on capital...
Delta Air Lines is benefiting from strong demand for air travel this summer and the grounding of Boeing MAX planes at key rivals to post record revenue and a bigger profit. The airline is aggressively adding flights and seats, but it is finding...
France on Thursday adopted a pioneering tax on Internet giants like Google, Amazon and Facebook, despite the United States’ threats of new tariffs on French imports if Paris went ahead with the plan. Late Wednesday, the Trump administration...
