Sun | Mar 24, 2019

Business

Published:Sunday | March 10, 2019 | 12:14 AM

From Iraq, through Libya to Syria, the approach to regime change by the United States and its allies has been to support the removal of a disliked government with little serious thought as to the broader consequences. Absent in these and other...

Published:Sunday | March 10, 2019 | 12:09 AMAvia Collinder and Steven Jackson - Gleaner Writers

Real estate experts are gearing up for more business, with the reduction in taxes on property transactions announced Thursday by Finance Minister Dr Nigel Clarke. The giveback comes at time when the sector is experiencing a slight softening of the...

Published:Sunday | March 10, 2019 | 12:09 AM

The Bank of Jamaica (BOJ) in an assessment carried out in December and published in its annual report last week, says that there is some risk that headline inflation would fall below its target at various times during 2019 and 2020. The central...

Published:Saturday | March 9, 2019 | 12:23 AMNeville Graham - Business Reporter

As credit unions creep slowly towards oversight by the central bank, which is now expected to take effect in July, the movement's umbrella group that acted as watchdog is trying to carve out a new direction for itself as a kind of consultant to the...

Published:Friday | March 8, 2019 | 1:41 PMAvia Collinder - Business Reporter

The microfinancing bill that will bring small lenders under the regulatory umbrella of the Bank of Jamaica has been tabled in Parliament by Minister of Finance Dr Nigel Clarke, who says it’s meant to bring order to the market and constrain the...

Published:Friday | March 8, 2019 | 12:29 AMNeville Graham - Business Reporter

As merchants and food establishments run out of their remaining inventory of plastic bags, the demand for alternative packaging is spiking, both in the form of paper and non-woven polypropylene, or NWPP, bags. Still, one maker of packaging, who...

Published:Friday | March 8, 2019 | 12:28 AM

The European Central Bank, ECB, took unexpectedly quick action on Thursday to support a slowing economy, joining the United States Federal Reserve and Chinese leadership in their attempts to counter worries about global growth. The central bank for...

Published:Friday | March 8, 2019 | 12:27 AM

The bull market for US stocks turns 10 years old this weekend, which puts it way past senior citizen status for a market run. It’s got the scars to prove it. Since rising from the rubble of the financial crisis in 2009, this bull market has faced...

Published:Friday | March 8, 2019 | 12:27 AM

The most expensive new car ever sold is a one-off Bugatti luxury sports car that has gone for €16.7 million (US$18.9 million). La Voiture Noire – French for ‘The Black Car’ – is a low-slung sports car with a huge 16-cylinder engine and Bugatti’s...

Published:Friday | March 8, 2019 | 12:26 AM

OP-ED CONTRIBUTION: DATA PROTECTION Data has become an increasingly sensitive and protected resource in the rapidly expanding digital world of the information age. The European Union’s General Data Protection Regulation, GDPR, which came into force...

Published:Friday | March 8, 2019 | 12:24 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER High drama has gripped the Ukraine, as the population prepares for the upcoming presidential elections. The first round is slated for March 31. If no candidate wins an absolute majority, the second round...

Published:Friday | March 8, 2019 | 12:22 AM

Electrical supplies company FosRich had set itself an aggressive target of a 50 per cent increase in net profits, but Managing Director Cecil Foster says his company blew past the projection, despite disappointing revenue results. FosRich made a...

Published:Friday | March 8, 2019 | 12:21 AMNeville Graham - Business Reporter

In a matter of months, Supreme Ventures Racing and Entertainment Limited, SVREL, has gone through two CEOs in a tangible sign that the nascent company is still experiencing teething pains. In the rough and tumble world of horse racing, SVREL,...

Published:Friday | March 8, 2019 | 12:20 AMAvia Collinder - Business Reporter

Don Wehby is closing in on the anticipated $100 billion in revenues for GraceKennedy Limited, and based on the trend lines, could hit the target by 2020. But in the meantime, the Group CEO has racked up a different record – the food and...

Published:Friday | March 8, 2019 | 12:19 AM

Jamaica improved its overall rank on the gay traveller index, but remained the least friendly destination in the hemisphere, according to the global Spartacus Gay Travel Index 2019 report. The negative experiences of some gay travellers and hosts...

Published:Wednesday | March 6, 2019 | 12:15 AMSteven Jackson/Senior Business Reporter

The Jamaica Stock Exchange (JSE) has suspended trading in the Sweet River stock but the loss-making meat ­company’s management said they ­expected to get it reinstated right away. The JSE suspended trading of SRA shares on March 4, because the ­...

Published:Wednesday | March 6, 2019 | 12:14 AMHuntley Medley/Senior Business Writer

The listing of government-owned Wigton Windfarm is targeted for next month, and the Development Bank of Jamaica (DBJ), is already weighing the next state assets targeted for divestment via the stock market, which includes the holdings in Jamaica...

Published:Wednesday | March 6, 2019 | 12:14 AM

Aiming to crack down on money laundering and bribes to overseas governments, the Federal Bureau of Investigation (FBI) is stepping up its efforts to root out foreign corruption with a new squad of agents based in Miami. The squad will focus its...

Published:Wednesday | March 6, 2019 | 12:14 AM

Fast-food chain KFC is memorialising a popular Chinese Communist hero with restaurant décor extolling his deeds. The official Xinhua News Agency said the company launched its first ‘Lei Feng Spirit’ restaurant in Lei’s home province of Hunan on...

Published:Wednesday | March 6, 2019 | 12:13 AM

A meeting that was scheduled in Barbados over the restructuring of regional insurance conglomerate Sagicor Financial Corporation Limited, SFC, has been postponed. Both Sagicor and the Canadian company that is acquiring it...

Published:Wednesday | March 6, 2019 | 12:11 AMAvia Collinder/Business Reporter

Instant coffee maker Salada Foods will meet with its regulator, JACRA, regarding new rules for bean content in its product formulations that the company says will hurt its bottom line. The parties have confirmed the pending talks, but General...

Published:Wednesday | March 6, 2019 | 12:08 AM

The temporary appointment of the last investment manager for the National Insurance Fund (NIF) has come to an end after 16 months, and the job has now been handed to Hope Fisher, the bond portfolio manager. Fisher replaces Dione Jennings, who has...

Published:Wednesday | March 6, 2019 | 12:08 AM

Tesla will only sell its electric cars online as it accelerates its cost cutting so it can realise its long-running goal of selling a mass-market sedan for US$35,000. The change will allow the Silicon Valley automaker to begin selling its Model 3...

Published:Wednesday | March 6, 2019 | 12:07 AM

Cable...

Published:Tuesday | March 5, 2019 | 12:05 AM

Worries are growing that the 19-country eurozone economy is heading towards a recession that could start undoing hard-earned improvements in the labour market. In a survey of manufacturers that is closely monitored by the European Central Bank in...

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