Tue | Mar 19, 2019

Business

Published:Tuesday | February 26, 2019 | 8:08 PM

Keith Duncan, co-chairman of the Economic Programme Oversight Committee, EPOC, Duncan described the budget tabled in Parliament earlier this month as “responsible” and one which provides a glide path for the final review of the Jamaican economy by...

Published:Tuesday | February 26, 2019 | 12:09 AM

Barrick Gold will try to acquire Newmont Mining Corp in an approximately US$18 billion all-stock deal that would create a mining behemoth worth about US$42 billion. Colorado’s Newmont has rejected any talk of a buyout from the Canadian miner so far...

Published:Sunday | February 24, 2019 | 12:32 AM

COLUMN: FOREIGN POLICY As this is being written an uneasy calm prevails in Haiti following nearly two weeks of widespread demonstrations against the Government of President Jovenal Moïse. Protesters had been demanding his resignation, blocking...

Published:Sunday | February 24, 2019 | 12:31 AM

ADVISORY COLUMN: PRODUCTIVITY Why is it said that a well-conducted strategic planning retreat can be the best executive team-building session ever? What elements should you include so that the time spent helps participants work better than before?...

Published:Sunday | February 24, 2019 | 12:31 AM

ADVISORY COLUMN: INSURANCE HELPLINE Only one of the many persons who contacted me last week is a regular Sunday Gleaner reader. However, all shared bad experiences with their insurance companies and brokers. Their stories are relevant to the...

Published:Sunday | February 24, 2019 | 12:31 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER How would you like being at work while at the same time getting an opportunity to see other parts of the world? Working on a cruise ship offers such an opportunity and although it provides many...

Published:Sunday | February 24, 2019 | 12:27 AM

Businessman Wayne Chen, operator of Super Plus supermarket, says he will be contesting an application scheduled to be made by Amalgamated Distributors Limited in the Supreme Court for a final charging order against more than 1.3 billion shares he...

Published:Sunday | February 24, 2019 | 12:26 AMAvia Collinder - Business Reporter

BCIC expects its motor premium pricing to fall as it rolls out a new ­technology platform and migrates customers online. The general-insurance company is also upgrading the facilities at its headquarters in downtown Kingston with several changes,...

Published:Sunday | February 24, 2019 | 12:26 AMAvia Collinder - Business Reporter

Buttressed by its investment in a Florida-based patty company, GraceKennedy (GK) has expanded its convenience-food offerings to eight states in the United States (US), an initiative that will test just how much the American palate can handle jerked...

Published:Friday | February 22, 2019 | 12:34 AM

The British government acknowledged Thursday that trade deals with major countries such as Japan and Turkey will not be in place by the planned Brexit day of March 29, while the European Union’s chief said he remains downbeat about Britain...

Published:Friday | February 22, 2019 | 12:32 AM

The United Kingdom can handle the security risks involved with using mobile networks made by China’s Huawei, the cybersecurity chief said Wednesday, adding to a growing debate among countries on whether the company should be banned, as the United...

Published:Friday | February 22, 2019 | 12:32 AM

Commodities giant Glencore said Wednesday it will cap how much coal it mines amid shareholder pressure for it to help reduce global emissions of greenhouse gases. The move is a sharp reversal for a company that has long championed the extraction...

Published:Friday | February 22, 2019 | 12:31 AM

Top officials of the European Central Bank, ECB, worried at their last meeting that the slowdown in economic growth might be “deeper and more broad-based” than previously suspected. The written account of the January 24 meeting released Thursday...

Published:Friday | February 22, 2019 | 12:30 AM

The Bank of Jamaica, BOJ, will be reducing the cash reserves that deposit-taking institutions are required to hold against their prescribed liabilities by three percentage points to nine per cent, effective March 1. The move is being made as part...

Published:Friday | February 22, 2019 | 12:28 AMHuntley Medley - Senior Business Writer

They are part of the 87-year-old Spirits Pool Association and are collaborating for the March 9-10 inaugural staging of the Jamaica Rum Festival, but competing rum brands Appleton Estate and Hampden Rums are taking contrasting approaches to earning...

Published:Friday | February 22, 2019 | 12:28 AMAvia Collinder - Business Reporter

Norbrook Equity Partners has acquired the Express Fitness chain of gymnasiums from the Clarke family, with plans to grow the business into a Caribbean operation. The investment holding firm has taken a 70 per cent stake in the gymnasium, and is...

Published:Friday | February 22, 2019 | 12:26 AM

Coffee processor Salada Foods Jamaica Limited is considering a luxury line of Jamaica Blue Mountain or JBM products, in part to offset the uncertainty that will arise from cess charges and shortages of lowland coffee that affect its flagship...

Published:Friday | February 22, 2019 | 12:24 AM

The mining and quarrying industry contributed the lion’s share of the 1.7 per cent expansion in the Jamaican economy during the quarter ending December 2018, growing by nearly 23 per cent as a result of increased capacity utilisation at two of the...

Published:Friday | February 22, 2019 | 12:23 AMAvia Collinder - Business Reporter

In two months, Davina Bennett will officially open the doors of a modelling agency to fresh talent in Paris, France. The 23-year-old has taken a different career track, choosing to go to the beating heart of fashion as an entrepreneur through a...

Published:Friday | February 22, 2019 | 12:23 AM

Portland Private Equity led a round of funding for a combined US$14-million investment in Merqueo, a Colombian online supermarket and delivery service, but did not disclose the size of its participation. The funding partners also include Endeavour...

Published:Friday | February 22, 2019 | 12:22 AMMcPherse Thompson/ Assistant Editior-Business

In a case said to be a first for international shipping, a Maltese-registered ship sold by judicial auction in Jamaica last year has been rearrested on the basis that the Jamaican courts failed to give sufficient weight to the mortgage on the...

Published:Thursday | February 21, 2019 | 12:11 AM

British regulators say the proposed supermarket merger between Sainsbury’s and Walmart’s Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country’s biggest grocery chain. It also serves...

Published:Wednesday | February 20, 2019 | 12:26 AM

Texaco Jamaica has hit its centenary, but has not lost its vigour. The petroleum marketing company whose top spot in the gas retail market is under threat from acquisitive French rival Total Jamaica, says it has a plan to maintain its edge. GB...

Published:Wednesday | February 20, 2019 | 12:22 AM

Cardboard maker AMG Packaging & Paper Company Limited is sticking with its core activity for now, despite being pressed by shareholders four times about new ventures, in particular, plans to take advantage of the Government’s ban on...

Published:Wednesday | February 20, 2019 | 12:20 AM

Walmart beat expectations on quarterly profit and revenue, and e-commerce sales surged during the critical holiday period. Walmart is the first major retailer to deliver fourth-quarter results and its performance provides more evidence that efforts...

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