Thu | Jun 4, 2020

Business

Published:Thursday | June 4, 2020 | 12:19 AM

The US Congressional Budget Office said that the United States economy could be US$15.7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus. The CBO, which...

Published:Wednesday | June 3, 2020 | 4:56 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Wednesday with an advance/decline ratio of 32/34. The index advanced by 325.63 points or 0.09 per cent to close at 377,604.81. The JSE Main Market Index advanced by 436.71 points or 0.12...

Published:Wednesday | June 3, 2020 | 12:16 AM

South American countries on Monday began easing COVID-19 restrictions even as the region hurtles towards its viral peak. Some of Brazil’s hardest hit cities, including the jungle metropolis Manaus and coastal Rio de Janeiro, are starting to allow...

Published:Wednesday | June 3, 2020 | 12:15 AMKarena Bennett/Business Reporter

Big poultry companies Jamaica Broilers Group and Caribbean Broilers say they are likely to still be holding record-high inventory of chickens for the next six months. That might have been good news in normal times for a country that favours poultry...

Published:Wednesday | June 3, 2020 | 12:13 AM

Caribbean Cement Company Limited, CCCL, expects its annual sales to drop by up to 20 per cent due to COVID-19. The projected fall in sales comes with the economic slowdown and health measures to stem the spread of the coronavirus. “The forecast we...

Published:Wednesday | June 3, 2020 | 12:10 AM

Digicel announces joint venture with Iliad Digicel Group has struck a deal with Iliad SA, which gives the French operator access to its Radio Access Network in the French West Indies, and allows it to launch mobile services, the telecoms...

Published:Wednesday | June 3, 2020 | 12:09 AM

Several major airlines are taking bookings for flights that will start departing this month, and these initial flights are about one-third filled. American Airlines, JetBlue and Air Canada plan to restart service in June, but others such as...

Published:Wednesday | June 3, 2020 | 12:05 AM

Caribbean Islands have rarely been so vulnerable as an unusually active hurricane season threatens a region still recovering from recent storms as it fights a worsening drought and a pandemic that has drained budgets and muddled preparations. “It...

Published:Wednesday | June 3, 2020 | 12:05 AM

CIBC FirstCaribbean International Bank, which operates in Jamaica and throughout the region, recorded a net loss of US$110 million for the April second quarter, due to the impact of COVID-19 on its operations. It’s the first big bank with...

Published:Tuesday | June 2, 2020 | 5:16 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 37/37. The JSE Combined Index declined by 917.95 points or 0.24 per cent to close at 377,279.18. The JSE Main Market Index declined by 753.91...

Published:Tuesday | June 2, 2020 | 12:22 AM

PRESIDENT NICOLÁS Maduro said that starting Monday, June 1, Venezuelans will be able to buy gasolene at international market prices, marking a historic break in the South American country’s practice of having the world’s cheapest fuel. Across the...

Published:Tuesday | June 2, 2020 | 12:10 AMJerome Lee - Guest Columnist

OP-ED CONTRIBUTION: COVID...

Published:Monday | June 1, 2020 | 5:00 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Monday with an advance/decline ratio of 36/32. The index declined by 3,116.46 points or 0.82 per cent to close at 378,197.13 The JSE Main Market Index declined by 3,208.18 points or 0.84...

Published:Sunday | May 31, 2020 | 12:34 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER The defined contribution plan and the defined benefit plan are the two most popular types of pension plans, but there has been a steady shift from the latter to the former in private-sector pensions and...

Published:Sunday | May 31, 2020 | 12:33 AM

ADVISORY COLUMN: PRODUCTIVITY There’s a whole school of thought that states that boards should leave strategic thinking to executives. That instead, board members should only provide oversight. Does this point of view have merit? The COVID-19...

Published:Sunday | May 31, 2020 | 12:29 AM

ADVISORY COLUMN: RISKS...

Published:Sunday | May 31, 2020 | 12:27 AMNeville Graham - Business Reporter

In good times when markets are bullish, companies that hold stocks and bonds tend to report solid earnings, but when the market goes south, so can their bottom lines under the much-maligned accounting Rule 9 of the International Financial Reporting...

Published:Sunday | May 31, 2020 | 12:24 AM

Rum distillers Hampden Estates says it is looking to boost output by 45 per cent after a US$1.5-million investment. The producers of Rum Fire, Hampden Estate, and bulk rum for export, which is owned by the Hussey family-controlled Everglade Farms,...

Published:Sunday | May 31, 2020 | 12:23 AM

The Bank of Jamaica (BOJ) says that the implementation of the Foreign Exchange Trading Platform (FXTP) that it has been building was delayed because of the impact and distraction of COVID-19 but that it is now ready to test the system. Full...

Published:Friday | May 29, 2020 | 9:33 AM

The Jamaica Stock Exchange (JSE) Combined Index was again slightly down on Thursday with an advance/decline ratio of 29/33. The JSE Combined Index fell marginally 706.37 points or 0.19 per cent to close at 377,801.79. The JSE Main Market Index was...

Published:Friday | May 29, 2020 | 12:28 AMKarena Bennett - Business Reporter

LYDFORD MINING will today set sail its first shipment of processed limestone from Reynolds Pier, Ocho Rios, since the outbreak of the coronavirus in Jamaica. In fact, the roughly 35,000 tons in shipment which is valued at US$1 million, also marks...

Published:Friday | May 29, 2020 | 12:26 AMKarena Bennett - Business Reporter

FOOD AND financial services conglomerate GraceKennedy Limited, GK, held what it described as a closed-door ­annual general ­meeting, AGM, on Wednesday, which required a minimum three shareholders to form a quorum. The event was live-streamed in...

Published:Friday | May 29, 2020 | 12:24 AM

THE PLANNING Institute of Jamaica, PIOJ, said the tourism sector is expected to record the most severe contraction in activities during the April to June 2020 quarter, given the sharp decline in stopover and cruise passenger arrivals. That will be...

Published:Friday | May 29, 2020 | 12:23 AM

STANLEY MOTTA Limited, SML, the owner of the 58 HWT tech park in Kingston in which Alorica occupies the majority of space, says it is working on payment plans with tenants affected by the COVID-19 pandemic to honour their rent commitments. The real...

Published:Friday | May 29, 2020 | 12:23 AM

DISCOUNT GOODS retailer Tuesday Morning has filed for Chapter 11 bankruptcy, the fifth major retailer to do so since the pandemic. As part of the bankruptcy reorganisation, the Dallas-based chain said Wednesday it plans to close approximately 230...

Pages

Subscribe to Business