Thu | Jun 20, 2019

Business

Published:Sunday | May 26, 2019 | 12:14 AMHuntley Medley - Senior Business Writer

Kingston Wharves’ car-transhipment business has outgrown the 18 acres of land it leased at the Tinson Pen aerodrome and filled up another 15 acres it bought near the wharf devoted to motor vehicle storage. And company officials are predicting even...

Published:Sunday | May 26, 2019 | 12:14 AM

QUESTION: I have been following you for years and you are so inspiring. I read your advice columns and follow you on IG and you always seem to be draping me up with your advice and posts. Anyway, I’m finally taking the brave step of asking for...

Published:Sunday | May 26, 2019 | 12:13 AM

Being a head of government or a foreign minister is a thankless task. Although normally advised by a small number of able civil servants and ambassadors, the pressure that senior politicians personally experience can be acute, particularly when...

Published:Sunday | May 26, 2019 | 12:13 AM

QUESTION: I recently reached out to a financial adviser regarding a savings account that can make the money work for me, sort of, like the extra, let’s say, $5,000 out of my salary that I normally use to buy clothes, shoes, maybe go out with, the...

Published:Sunday | May 26, 2019 | 12:12 AM

Gleaner articles provide the subtext for today’s piece. One was headlined ‘Safeguarding our Children.’ It was written by Cecelia Campbell-Livingston and published on May 18. Mrs Campbell-Livingston writes about family, religion and other matters....

Published:Sunday | May 26, 2019 | 12:10 AM

COK Sodality Cooperative Credit Union is working with two foreign outfits to develop a financing programme for renewable energy products targeted at micro, small- and medium-enterprises and low-income households. The EcoMicro programme is a...

Published:Sunday | May 26, 2019 | 12:07 AMAvia Collinder - Business Reporter

Call centre operator Conduent Inc will be expanding its Jamaican operations, a plan that is expected to lead to around 2,000 new jobs by early 2020. The size of the investment was not disclosed, but it appears to be substantial. Robert Corbishley,...

Published:Friday | May 24, 2019 | 12:25 AM

The Brazilian cosmetics maker Natura announced Wednesday that it is buying Avon Products in an all-stock deal that it valued at US$3.7 billion, in a move that would create the world’s fourth-largest group of beauty products. Shareholders of both...

Published:Friday | May 24, 2019 | 12:24 AM

Over the span of two years, a Chinese national in Oregon sent devices that looked like iPhones to Apple, saying they wouldn’t turn on and should be replaced under warranty. He didn’t just submit a couple of the devices -- he delivered in person or...

Published:Friday | May 24, 2019 | 12:24 AM

A federal judge in the United States has ruled that Qualcomm unlawfully squeezed out cell phone chip rivals and charged excessive royalties to manufacturers such as Apple in a decision that undercuts a key part of its business. The decision...

Published:Friday | May 24, 2019 | 12:21 AMHuntley Medley - Senior Business Writer

She’s the niece of former Governor General Sir Howard Cooke, a former journalist and, at one time, a manager in charge of corporate affairs, customer service, client and government relations at several locations for power utility Jamaica Public...

Published:Friday | May 24, 2019 | 12:19 AM

The mining and quarrying industry contributed the lion’s share of the 1.9 per cent expansion in the Jamaican economy during fiscal year 2018-19, having growth by 28.5 per cent, driven mainly by production at the Alpart alumina plant in St Elizabeth...

Published:Friday | May 24, 2019 | 12:18 AM

Last year, General Accident decided to let its hair down with a new promotional campaign, and the general insurer is still reaping gains from it. The first signs of the campaign’s impact showed up in the company’s year-end results for 2018, when...

Published:Friday | May 24, 2019 | 12:17 AM

Jamaicans were willing to shell out more than $14 billion, or nearly three times the targeted equity capital, for shares in the Caribbean’s largest wind energy company Wigton Windfarm Limited, which listed on Wednesday on the main market of the...

Published:Friday | May 24, 2019 | 12:17 AMAvia Collinder - Business Reporter

Palace Amusement is returning to Portmore at a time when the community has matured into its own economic centre, says the cinema company’s marketing manager, Melanie Graham. The movie theatre that Palace operated there more than a decade was...

Published:Friday | May 24, 2019 | 12:15 AM

Epican Medicinals Limited, a Jamaican retailer of medical marijuana, plans wider distribution with an eventual push for online sales, according to its partner in Canada, The Green Organic Dutchman, TGOD. TGOD also disclosed that Epican earned CDN$...

Published:Friday | May 24, 2019 | 12:13 AMAvia Collinder - Business Reporter

The relationship between tech park investor Valrie Grant and Sagicor Group Jamaica has soured, and now she is looking for new partners to follow through on the project that is partially formulated around women in the tech sector. Sagicor Bank...

Published:Friday | May 24, 2019 | 12:13 AM

Venezuela is a mess. The economy has collapsed. And with an inflation rate that is expected to top 10 million per cent, it is now among the highest episodes of hyperinflation. The hyperinflation record is currently held by Hungary, after the end...

Published:Thursday | May 23, 2019 | 12:23 AM

Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm, warning that the company will need to cut costs to invest in new technologies that are transforming the industry. Zetsche, 66, received prolonged applause from...

Published:Wednesday | May 22, 2019 | 6:57 PMSteven Jackson

  Wigton Windfarm jumped 28 per cent and dominated volumes on its first day of trading on the Jamaica Stock Exchange. With an energetic start to trading the stock closed at $0.64 with 8.35 million units trading. Wigton will open at $0.60 on...

Published:Wednesday | May 22, 2019 | 12:27 AM

The Economic Programme Oversight Committee, EPOC wants the Jamaican Government to stay focused on plans for the implementation of national identification system NIDS, inflation targeting and foreign exchange hedging. The recommendations come as...

Published:Wednesday | May 22, 2019 | 12:26 AM

A new push by the Overseas Private Investment Corporation (OPIC) to issue development loans to businesses in Jamaica will focus on energy, water and construction. The American agency is looking to rekindle its relationships with Jamaican business...

Published:Wednesday | May 22, 2019 | 12:21 AM

Sagicor Life Jamaica has launched a new online platform, called eLife, which allows Jamaicans to purchase insurance from home or office. The service, which Sagicor says is the first such insurance sales platform regionally, promises review of...

Published:Wednesday | May 22, 2019 | 12:21 AMMcPherse Thompson/Assistant Editor – Business

Credit extended to private-sector businesses and households grew by 15.2 per cent over the 12 months to March 2019, higher than the 13.4 per cent observed at December 2018 and the 13.8 per cent at March 2018. However, Bank of Jamaica (BOJ) Governor...

Published:Wednesday | May 22, 2019 | 12:08 AM

A United Nations commission on Monday presented a road map to boost economic development in three Central American nations whose poverty and violence now push desperate migrants to travel across Mexico to the United States. The plan calls for hefty...

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