Tue | Oct 22, 2019

Business

Published:Sunday | October 20, 2019 | 1:32 AM

A few days ago, the Caribbean Tourism Organization (CTO) announced that it is to restructure its operations in the face of rising costs and the need to “elevate tourism development in the region”. The CTO’s chairman, the Minister of Tourism of St...

Published:Sunday | October 20, 2019 | 1:30 AMKarena Bennett - Business Reporter

was during the 1960s and 70s. “We’ve rebuilt our corporate membership but if it’s one complaint I have it’s that we don’t have enough corporates playing golf. Days gone by, Wednesdays were very popular days for various executives especially the...

Published:Sunday | October 20, 2019 | 1:23 AM

Owning shares in a company that trades on the stock exchange has several benefits, not all of which are financial. This is particularly true of companies that are profitable. One benefit that all shareholders cherish is the ability of the price of...

Published:Sunday | October 20, 2019 | 1:23 AM

Not only is it possible to simultaneously cut the total time people spend in meetings while improving their quality, there is also a natural link between the two results that your company could exploit to increase its overall productivity. How...

Published:Sunday | October 20, 2019 | 1:22 AM

American company Standard & Poor’s Financial Services LLC publishes research and analysis on stocks, bonds, and commodities...

Published:Sunday | October 20, 2019 | 1:20 AM

Jamaican Teas Limited has bought out its minority partner in Bay City Foods and now owns 100 per cent of the non-trading supermarket company through a deal that closed October 1. CEO John Mahfood said Jamaican Teas paid a nominal $1,000 for the 50...

Published:Friday | October 18, 2019 | 12:23 AM

A tentative four-year contract with striking General Motors gives workers a mix of pay raises, lump sum payments and an US$11,000 signing bonus. In return, the contract allows GM to proceed with factory closures in Lordstown, Ohio; Warren,...

Published:Friday | October 18, 2019 | 12:22 AMHuntley Medley - Senior Business Writer

One Jamaican exporter is reaping dividends from the ongoing trade war involving the United States and economic arch rival China. With US$185 billion worth of duties being slapped on American exports to China in retaliation for US imposition of US$...

Published:Friday | October 18, 2019 | 12:18 AMSteven Jackson - Senior Business Reporter

Jobs are on the rise across Jamaica and unemployment is at a low 7.8 per cent, but the head of the Statistical Institute of Jamaica, Statin, fears the slowdown of the global economy might cut into the gains and reduce the pace of job growth in...

Published:Friday | October 18, 2019 | 12:17 AM

Swiss authorities have ordered commodities trading giant Gunvor to pay nearly 94 million Swiss francs in compensation and fines for failing to stop its representatives from bribing public officials to gain access to oil markets in the Congo and...

Published:Friday | October 18, 2019 | 12:17 AM

The United Kingdom and the European Union finally reached a tentative Brexit deal on Thursday, hoping to escape the acrimony, divisions and bitter frustrations of their three-year divorce battle. British Prime Minister Boris Johnson now must sell...

Published:Friday | October 18, 2019 | 12:16 AM

Financial conglomerate JMMB Group Limited expects to net at least $10 billion from its additional share offer which opens next Tuesday, funds that will be used to back its acquisition of a stake in regional insurance company Sagicor Financial. The...

Published:Friday | October 18, 2019 | 12:16 AMKarena Bennett - Business Reporter

Adam & Eve Day Spa and Salon is looking to grow its customer base by more than a third once it moves into its new home in Kingston...

Published:Friday | October 18, 2019 | 12:14 AM

Mortgage provider Victoria Mutual Building Society, VMBS, and equity fund Mayberry Jamaican rapidly acquired shares in Wigton Windfarm in the past quarter, resulting in both becoming the top two owners of the stock. Those purchases happened at a...

Published:Friday | October 18, 2019 | 12:13 AMNeville Graham - Business Reporter

It will take two years to build out the new distribution hub that Cari-Med is investing US$46 million ($6 billion) to develop on the north western fringes of the Bernard Lodge lands in St Catherine. The hub will consolidate and relocate several...

Published:Friday | October 18, 2019 | 12:13 AM

In continuation of the untamed and contentious issue surrounding employed versus self-employed persons, where it appears that the usual traditional term ‘employees’ have been reclassified at times – becoming independent contractors, contract...

Published:Friday | October 18, 2019 | 12:12 AM

Chinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite US sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd said its sales rose 24.4 per cent in the first nine...

Published:Thursday | October 17, 2019 | 12:10 AM

Bargainers for General Motors (GM) and the United Auto Workers reached a tentative contract deal on Wednesday that could end a month-long strike that brought the company’s United States-based factories to a standstill. The deal, which the union...

Published:Wednesday | October 16, 2019 | 1:43 AMHuntley Medley/ - Senior Business Writer

A plan to convert some six acres of prime Kingston waterfront land into a multibillion-dollar residential and commercial development, to be called the Spires, has been delayed but is still on the cards, according to Roderick Francis, CEO of B...

Published:Wednesday | October 16, 2019 | 1:43 AM

It’s been roughly a month since technology company Mastercard settled into its new office space in New Kingston, but discussions are already ongoing to have the company doubling users of electronic payment systems across Jamaica over the next three...

Published:Wednesday | October 16, 2019 | 1:37 AM

Business confidence dipped in the third quarter of 2019 as firms have second thoughts about their positive expectations for the economy over the next year. Consumer confidence also fell for the first time in seven quarters, a decline attributed to...

Published:Wednesday | October 16, 2019 | 1:33 AMSteven Jackson/Senior Business Reporter

Micro traders using Fast Track, a three-day delivery service to the United States (US) and other parts of the world, were hit with a fee hike by the Jamaica Postal Service this month ranging as high as 80 per cent, according to different sources....

Published:Wednesday | October 16, 2019 | 1:30 AMKarena Bennett/Business Reporter

Lloyd W. Gray’s early working years were spent tending livestock as a government worker, but he dreamed of running his own company some day. So whatever time he got off the job would be invested in mapping out that business, an agro-processing...

Published:Wednesday | October 16, 2019 | 12:14 AM

Google unveiled a new Pixel smartphone and other hardware devices Tuesday, all aimed at getting people even more dependent on its artificial-intelligence services. The Pixel 4 phone promises to respond to AI queries even faster than before, while a...

Published:Wednesday | October 16, 2019 | 12:13 AM

General Motors CEO Mary Barra joined negotiators at the bargaining table, an indication that a deal may be near to end a monthlong strike by members of the United Auto Workers union that has paralysed the company’s factories. Barra and GM President...

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