Sat | Jun 15, 2019

Business

Published:Wednesday | June 12, 2019 | 12:11 AMSteven Jackson/Senior Business Reporter

Proven Investments Limited, PIL, is projecting significant profit growth this year when its investment in financial conglomerate JMMB Group would be fully factored into its financials. JMMB contributed US$1.3 million to Proven’s bottom line for the...

Published:Wednesday | June 12, 2019 | 12:10 AM

Chairman of the Economic Growth Council, Michael Lee-Chin is calling on all investors at home and abroad to take advantage of the opportunities that exist in the Jamaican economy for investment. He says Jamaica has set itself on a path for growth...

Published:Wednesday | June 12, 2019 | 12:06 AM

Salesforce, a maker of customer-management software, is buying Tableau Software in an all-stock deal valued at US$15.7 billion. By scooping up Tableau, which provides easy-to-use tools for visualising and organising data, Salesforce is the latest...

Published:Wednesday | June 12, 2019 | 12:05 AM

Federal regulators are moving to require that brokers provide their customers with detailed disclosures of their potential conflicts of interest when dispensing advice for retirement planning and other investments. But critics say the US Securities...

Published:Tuesday | June 11, 2019 | 12:19 AM

Nissan chief executive Hiroto Saikawa criticised the Japanese automaker’s French alliance partner, Renault, on Monday for trying to block changes to strengthen corporate governance following the arrest of former Nissan chairman Carlos Ghosn. Nissan...

Published:Sunday | June 9, 2019 | 12:20 AM

The moment is fast arriving when Caribbean Governments and business will have to consider the consequences of the tariff wars and sanctions that Washington is now pursuing. Far from reducing its ‘America First’ rhetoric and seeking compromise, the...

Published:Sunday | June 9, 2019 | 12:20 AM

QUESTION: I must first congratulate you on the good work you have been doing to help entrepreneurs in Jamaica through your TV show, on radio, and in the newspaper. I have followed a great deal of your advice from the relationship with my credit...

Published:Sunday | June 9, 2019 | 12:20 AM

QUESTION: We defaulted on significant credit card debt last year (for reasons that, unfortunately, could not be helped). The bank’s attorneys have written to us, informing us that they will take legal action against us if we don’t pay. We do...

Published:Sunday | June 9, 2019 | 12:19 AM

Question: I recently got quotations from three different companies to insure my family home. It has reinforced concrete block walls and a Decramastic tile roof. The house covers an area of 2,800 square feet and is in Kingston 6. The estimated...

Published:Sunday | June 9, 2019 | 12:18 AM

United States (US) stocks moved broadly higher for a fourth consecutive day on Friday as investors look to start June with a strong weekly gain after a downturn in May. Investors bought stocks and bonds after a report showing weaker-than-expected...

Published:Sunday | June 9, 2019 | 12:18 AM

Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on long-standing issues such as how much global giants like Facebook and Amazon should pay in taxes. They’re likely to end up focusing a large share...

Published:Sunday | June 9, 2019 | 12:18 AM

The feared street gangster El Negrito sleeps with a pistol under his pillow and says he’s lost track of his murder count. But despite his hardened demeanour, he’s quick to gripe about how Venezuela’s failing economy is cutting into his profits....

Published:Sunday | June 9, 2019 | 12:13 AMSteven Jackson - Senior Business Reporter

Shares in Sagicor X Fund ticked upwards after the release of its first-quarter results, but dipped following the announcement of a change of auditor. Richard Byles, chairman of the X Fund, indicated that the change in auditors from PwC St Lucia to...

Published:Sunday | June 9, 2019 | 12:13 AM

Kurt Boothe, general manager of Medical Disposables Limited (MDS) said the company is now strategising to strengthen its core operations in the hospital segment. MDS is a distributor of ­healthcare and consumer products, including...

Published:Sunday | June 9, 2019 | 12:11 AMNeville Graham - Business Reporter

Light and power supplier Jamaica Public Service Company (JPS) is in line for a tax break as it follows through on plans to add storage capacity to the national grid. Last week, State Minister in the Ministry of Industry, Commerce, Agriculture and...

Published:Friday | June 7, 2019 | 12:33 AMSteven Jackson - Senior Business Reporter

The price of patties remains in line with inflation throughout a 10-year period, which suggests that a key staple for Jamaicans remains within overall price movements. Inflation is measured by the overall movement in a basket of goods which are...

Published:Friday | June 7, 2019 | 12:32 AM
Published:Friday | June 7, 2019 | 12:31 AM

Federal regulators voted Thursday to give phone companies the right to block unwanted calls without getting customers’ permission first. The Federal Communications Commission’s (FCC) move could make call-blocking widespread and help consumers dodge...

Published:Friday | June 7, 2019 | 12:29 AM

Come mid-July, 150 persons will be out of work in St Thomas as manufacturing conglomerate Seprod turns off the lights at the Golden Grove Sugar Factory. “We just didn’t do a good job and we didn’t achieve what we set out to do,” was the frank...

Published:Friday | June 7, 2019 | 12:28 AM

New tools are coming to fight robocalls, but don’t expect unwanted calls to disappear. Political gridlock could derail bills aimed at beefing up enforcement and forcing phone companies to do more. The companies have been slow to act against such...

Published:Friday | June 7, 2019 | 12:28 AM

For the backdrop to his first official visit to Ireland, President Donald Trump wanted to promote his golf course on the nation’s rocky west coast. The Irish government countered with the grand staging of an ancient castle. In the end, neither side...

Published:Friday | June 7, 2019 | 12:28 AM

Freshman Representative Alexandria Ocasio-Cortez of New York says any plan to adequately address climate change would cost at least $10 trillion. The Democrat is the lead author in the House of the Green New Deal, a plan to dramatically cut the...

Published:Friday | June 7, 2019 | 12:28 AM

Amazon said Wednesday that it plans to use self-driving drones to deliver packages to shoppers’ home in the coming months. The online shopping giant did not give an exact timing or say where the drones will be making deliveries. Amazon said its new...

Published:Friday | June 7, 2019 | 12:27 AM

The Trump administration’s new restrictions on travel to Cuba will hit hardest at the cruise industry, taking away a new and increasingly popular destination at the start of the critical summer vacation season. Major cruise lines immediately...

Published:Friday | June 7, 2019 | 12:27 AM

EduCom Co-operative Credit Union Limited CEO Elvis King disclosed on Tuesday that the community lender undertook more than $900 million in car loans, with funding issued to members who bought 457 cars during 2018. King was following up on comments...

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