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Business

Published:Tuesday | May 5, 2015 | 2:02 PM

A federal jury in North Dakota on Tuesday started deciding the fate of a man accused in a Jamaican lottery scam that authorities say cost victims around the country millions of dollars.Attorneys gave closing arguments on Tuesday morning in US...

Published:Tuesday | May 5, 2015 | 2:11 PMMcPherse Thompson

Co-chairman of the Economic Programme Oversight Committee (EPOC) Richard Byles is appealing to the International Monetary Fund (IMF) to grant a waiver to the Jamaican Govern-ment for missing the primary surplus target for the quarter ending March...

Published:Tuesday | May 5, 2015 | 2:19 PM

United States airlines are earning billions, and they are collecting more in fees on checked bags and reservation changes.Whether airlines are making more or less profit than before depends on which figures you use, although the parent company of...

Published:Tuesday | May 5, 2015 | 2:23 PM

Barbados has lifted the temporary ban on the importation of poultry products from some countries, but said restrictions remain in place for the United States and Canada.A statement from the Veterinary Services Department of the Ministry of...

Published:Tuesday | May 5, 2015 | 3:00 PM

The two international business process outsourcing (BPO) companies, Xerox and Advanced Call Centre Technologies (ACCT), will officially open new plants at the Barnett Tech Park in Montego Bay today.Each company has leased space for 10 years.ACCT,...

Published:Tuesday | May 5, 2015 | 4:04 PM

Volkswagen's CEO said the company is tackling its problems in the wake of a leadership struggle and promised progress on lowering costs and raising profitability.Martin Winterkorn said the company's new assembly technology was being deployed on 2.7...

Published:Tuesday | May 5, 2015 | 6:53 PMCamilo Thame

Rubis Energy Jamaica is still pressing its retailers to upfront cash or collateral in order to continue receiving fuel and other products, counter to a previous agreement, according to the Jamaica Gasolene Retailers' Association (JGRA).The lobby...

Published:Tuesday | May 5, 2015 | 7:10 PM

Community and Workers of Jamaica Co-operative Credit Union (C...

Published:Monday | May 4, 2015 | 12:00 AM

Puerto Rico's governor on Sunday signed an executive order to authorise the use of medical marijuana in the United States territory in an unexpected move following a lengthy public debate. Governor Alejandro Garcia Padilla said the island's...

Published:Monday | May 4, 2015 | 12:00 AM

The head of Taiwan's ruling Nationalist Party called for more chances for the island to participate in international organisations after a meeting Monday with Chinese President Xi Jinping, whose government views the territory as a renegade province....

Published:Monday | April 20, 2015 | 5:48 PM

Banks await regulators' guidance on ganja loansFinancial institutions are awaiting guidance from the Ministry of Finance and the Bank of Jamaica on whether they can grant loans to farmers and entrepreneurs for the cultivation of marijuana for...

Published:Wednesday | April 29, 2015 | 10:35 AM

In pursuit of administrative changes to make tax collections more efficient, Tax Administration Jamaica (TAJ) says it has deployed new software and, through the Ministry of Finance, is pushing local banks to reduce fees associated with tax...

Published:Friday | May 1, 2015 | 2:49 PMMcPherse Thompson

The balance sheet of Jamaica's principal maritime agency, the Port Authority of Jamaica (PAJ), will be stronger going forward, given that fees from the concession for the Kingston Container Terminal (KCT) and other statutory revenues that will...

Published:Friday | May 1, 2015 | 3:54 PM

QUESTION: I recently read your article 'A Beginner's Guide to Earning Online'. Very interesting read. Very helpful information. I, too, have wondered how money could be made online in a secure manner without any scam traps, get-rich-quick schemes,...

Published:Friday | May 1, 2015 | 4:35 PMCedric Stephens

QUESTION: I have noticed over time that there have been complaints by individuals (myself included) who have been involved in accident which third parties fail to report to their insurers. At best, this severely delays the settlement process. At...

Published:Friday | May 1, 2015 | 4:52 PM

The existing twenty-six unit trust funds offer informed investors many options to meet their various investment needs and objectives. Soon, there will be thirty-two funds, but it appears that the options will not change meaningfully.We can hardly...

Published:Friday | May 1, 2015 | 4:58 PMKevin Harriott

"What's in a name? That which we call a rose by any other name would smell as sweet."This profound statement from William Shakespeare was made in a matter concerning the affairs of the heart, but its relevance extends to global economic affairs as...

Published:Friday | May 1, 2015 | 5:17 PMTameka Gordon

Bureau of Standards Jamaica (BSJ) has developed standards for the production of 'bagged drinks', which over the years have become a hot sell for drink manufacturers but are largely produced under conditions that are unmonitored.Bag drinks or bag...

Published:Friday | May 1, 2015 | 5:35 PMDavid Jessop

On May 7, the people of the United Kingdom will vote in a general election.There was a time when this might have had some bearing on the Caribbean; however, at best, and whatever the result, the effect will be marginal for all but Britain's Overseas...

Published:Saturday | May 2, 2015 | 1:10 AM

Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market.The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and...

Published:Saturday | May 2, 2015 | 1:19 AM

Supermarket owner Frank Budwey is giving away the store, and his employees couldn't be happier.Budwey, 66, surprised his full-time workers with the news, he is bringing them on as partners as he begins to ease into retirement. He said on Friday that...

Published:Thursday | April 30, 2015 | 11:50 AMTameka Gordon

Caribbean Depot Limited is adding up equipment and expanding capacity to package refined sugar under the Jamaica Gold brand for distribution to local and, eventually, Caribbean markets on behalf of brand owner Jamaica Cane Products Sales Limited (...

Published:Thursday | April 30, 2015 | 4:19 PM

Legislators struck down a key part of a plan to overhaul the island's tax system early Thursday, raising concerns about the US territory's economic future and its ability to pay off a heavy public debt. Legislators rejected Governor...

Published:Thursday | April 30, 2015 | 4:29 PM

Samsung Electronics Company said its first quarter net profit plunged 39 per cent as consumers switched to bigger iPhones, squeezing earnings from its mobile business to less than half what they were a year earlier. The company reported Wednesday...

Published:Monday | April 27, 2015 | 2:53 PM

The 250 new rooms to be built at the Braco resort property in Trelawny would require around US$50 million of investment, which translates to J$5.8 billion.Property owner National Insurance Fund (NIF) says it is too early to speak about the project,...

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