Thu | May 23, 2019

Business

Published:Thursday | May 23, 2019 | 12:23 AM

Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm, warning that the company will need to cut costs to invest in new technologies that are transforming the industry. Zetsche, 66, received prolonged applause from...

Published:Wednesday | May 22, 2019 | 6:57 PMSteven Jackson

  Wigton Windfarm jumped 28 per cent and dominated volumes on its first day of trading on the Jamaica Stock Exchange. With an energetic start to trading the stock closed at $0.64 with 8.35 million units trading. Wigton will open at $0.60 on...

Published:Wednesday | May 22, 2019 | 12:27 AM

The Economic Programme Oversight Committee, EPOC wants the Jamaican Government to stay focused on plans for the implementation of national identification system NIDS, inflation targeting and foreign exchange hedging. The recommendations come as...

Published:Wednesday | May 22, 2019 | 12:26 AM

A new push by the Overseas Private Investment Corporation (OPIC) to issue development loans to businesses in Jamaica will focus on energy, water and construction. The American agency is looking to rekindle its relationships with Jamaican business...

Published:Wednesday | May 22, 2019 | 12:21 AM

Sagicor Life Jamaica has launched a new online platform, called eLife, which allows Jamaicans to purchase insurance from home or office. The service, which Sagicor says is the first such insurance sales platform regionally, promises review of...

Published:Wednesday | May 22, 2019 | 12:21 AMMcPherse Thompson/Assistant Editor – Business

Credit extended to private-sector businesses and households grew by 15.2 per cent over the 12 months to March 2019, higher than the 13.4 per cent observed at December 2018 and the 13.8 per cent at March 2018. However, Bank of Jamaica (BOJ) Governor...

Published:Wednesday | May 22, 2019 | 12:08 AM

A United Nations commission on Monday presented a road map to boost economic development in three Central American nations whose poverty and violence now push desperate migrants to travel across Mexico to the United States. The plan calls for hefty...

Published:Wednesday | May 22, 2019 | 12:08 AM

Newly listed training company iCreate Limited reported flat revenue at $12 million for the first quarter ending March, which lag projections when annualised. The company, which listed on the junior stock market in February, says, however, that it...

Published:Wednesday | May 22, 2019 | 12:06 AMNeville Graham/ - Business Reporter

SCJ Holdings Limited, the state company that controls the Bernard Lodge Estate in St Catherine, has compensated nine farmers who are to be relocated and is promising to accelerate payment to others. That update from SCJ Holdings Chairman Joseph...

Published:Wednesday | May 22, 2019 | 12:05 AM

In a nondescript building in North Miami, two dozen dancers in bouncing yellow skirts are high kicking the can-can, aerialists are spinning perilously high from silk cords and frantic seamstresses are hemming outfits in a 20,000 square-foot costume...

Published:Tuesday | May 21, 2019 | 3:51 PM

VXI wants to be an active corporate citizen providing assistance to people in need. "VXI has been involved in communities we have a presence in, and we want to do the same in Jamaica. This is not a one-time activity; we also view this as a...

Published:Tuesday | May 21, 2019 | 12:14 AM

Plant-based burger maker Impossible Foods is debuting its second product – meatless sausage crumbles – on Little Caesars pizza. Little Caesars started testing the Impossible Supreme Pizza on Monday at 58 restaurants in Fort Myers, Florida; Yakima,...

Published:Sunday | May 19, 2019 | 12:21 AM

In just under a week, voters from across the whole of the European Union will go to the polls to elect a new European Parliament. The result is expected to alter Europe’s centrist balance, and more important contribute to the repositioning of all...

Published:Sunday | May 19, 2019 | 12:20 AM

Does the strengths, weaknesses, opportunities and threats technique, SWOT, deserve its accepted place in your next strategic planning ­retreat? Maybe not. There are more precise ways to understand the current state of the business that take less...

Published:Sunday | May 19, 2019 | 12:19 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I saw your article about advice on personal financial planning, recently. I graduated from university and have been in the working world for two years now, I have accumulated $500,000 and...

Published:Sunday | May 19, 2019 | 12:19 AM

ADVISORY COLUMN: INSURANCE HELPLINE Eight out of every 10 persons do not have access to private health insurance. This was one of the many things that I clearly recall after many readings of the Ministry of Health...

Published:Sunday | May 19, 2019 | 12:12 AMMcPherse Thompson - Assistant Editor-Business

With Old Harbour in St Catherine experiencing one of the highest population growth rates in Jamaica, Victoria Mutual Money Transfer Services perceives it an opportune time to expand its footprint with the opening of a branch in that area. “Our...

Published:Sunday | May 19, 2019 | 12:11 AM

The Court of Appeal has upheld an award of more than US$940,000 – about J$128.3 million – against the Jamaican Redevelopment Foundation Inc (JRF) for breach of contract, the company having cancelled an agreement to sell property in Clarendon to a...

Published:Sunday | May 19, 2019 | 12:11 AM

A Japanese start-up that launched a rocket into space earlier this month plans to provide low-cost rocket services and compete with American rivals such as SpaceX, its founder said on Wednesday. Interstellar Technology Inc founder Takafumi Horie...

Published:Sunday | May 19, 2019 | 12:10 AM

Food and logistics conglomerate Jamaica Producers Group notched a big first quarter with a 52 per cent spike in net profit to $230.37 million. Sales for the quarter came in just shy of $4.8 billion, or seven per cent higher than the comparative...

Published:Sunday | May 19, 2019 | 12:10 AM

Growth-Tech – a company that provides Wi-Fi services is acquiring 30 per cent of technology partner and advertising company Medianet Limited. The deal is expected to close in June, but the cost of the ­transaction was not disclosed. Medianet is...

Published:Friday | May 17, 2019 | 2:47 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Chile is an odd construct. A long narrow strip of land, it runs from the Tropic of Capricorn to almost the Antarctic circle. With a population of 18 million and a territory of 756,000 square kilometres,...

Published:Friday | May 17, 2019 | 12:33 AM

In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from US networks and said it was subjecting the Chinese company to strict export controls...

Published:Friday | May 17, 2019 | 12:33 AM

JMMB Group is pumping US$200 million into the company that is buying Sagicor Financial Corporation, a deal that will see the Jamaican financial conglomerate ending up with indirect ownership in the largest insurance conglomerate in its home...

Published:Friday | May 17, 2019 | 12:32 AMAvia Collinder - Business Reporter

The head of Jamaica’s largest insurance conglomerate and dominant provider of healthcare coverage wants clarity on how the plan for universal health insurance will affect persons already covered. That number spans about 500,000 people in a...

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