Mon | Jun 24, 2019

Business

Published:Wednesday | May 15, 2019 | 12:11 AM

Amid the hum and heat of Berlin’s Reuter thermal power station stands a shining contraption that looks out of place in the decades-old machine hall. Its silver pipes and vats contain a substance that Vattenfall, the plant’s operator, says could...

Published:Wednesday | May 15, 2019 | 12:11 AMAvia Collinder/Business Reporter

The National Housing Trust (NHT) is still consulting internally on the details of the new intergenerational mortgage product and is yet to set a roll-out date. The initiative was announced by Prime Minister Andrew Holness in March as a means of...

Published:Wednesday | May 15, 2019 | 12:11 AM

Hub Coworking Limited and non-profit group Kingston Creative have formed a joint-venture partnership on a coworking location in downtown Kingston by midyear. The new location will double the size of the meeting rooms operated by the Hub Coworking...

Published:Wednesday | May 15, 2019 | 12:07 AMJanet Silvera/Senior Gleaner Writer

Three decades ago, hotelier and farmer Ricky Jackson pumped US$1.5 million into the acquisition of a 4,000 acre property that has become his passion and environmental cause. Over time he has developed Moreland Hill Estate, located at the border of...

Published:Wednesday | May 15, 2019 | 12:06 AM

Japanese automaker Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that its annual profit nosedived to less than half of what it earned the previous year, and forecast even dimmer results going forward. Nissan...

Published:Tuesday | May 14, 2019 | 12:22 AM

Deepening a trade battle and sending financial markets into a tailspin, China announced Monday it was raising tariffs on US$60 billion of United States goods in retaliation for the latest hike in US tariffs on its exports. The finance ministry said...

Published:Monday | May 13, 2019 | 9:58 PM

  Jamaica’s largest banking conglomerate NCB Financial Group has finalised the acquisition of an additional 74.23 million shares in Guardian Holdings Limited, which doubles its ownership of the regional insurance group to 62 per cent at...

Published:Sunday | May 12, 2019 | 1:02 AMAvia Collinder - Business Reporter

The Coconut Industry Board’s commercial plan has got the green light from the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF), and talks have already been initiated with private players on joint venture partnerships. Coconut Board...

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

COLUMN: FOREIGN POLICY A few days ago, the United Nations published a document which indicated that historically unprecedented levels of human activity were causing dramatic changes to the variety of plant and animal life in the world. The...

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

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am a tattoo artist, and I was looking on the internet for information that would help me learn about the stock traders in Jamaica. I saw an article in the Gleaner pertaining to what I was...

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

ADVISORY COLUMN: BUSINESSWISE QUESTION: First and foremost, thank you for being an inspiration as a young black female entrepreneur. I am a 23-year-old whose highest level of qualification is an associate degree done in Sixth Form and I’m...

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

ADVISORY COLUMN: INSURANCE HELPLINE “Many thanks for the information that you provide each week.” Those were the words a female reader said to me last week during a brief encounter in the supermarket. I was meeting her for the first time. She...

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

The real estate sector continues to see a spike in residential developments as investment properties that are targeted at the growing homeshare market. And at least one bank has designed a loan programme around it. First Global Bank Limited says it...

Published:Friday | May 10, 2019 | 12:27 AM

Executive chairman Lascelles Chin will assume responsibility for Lasco Distributors Limited, following the surprise departure of Peter Chin from the family operation. Peter resigned as managing director of Lasco Distributors, effective April 30,...

Published:Friday | May 10, 2019 | 12:25 AMHuntley Medley - Senior Business Writer

Exquisite Wicker is a small operation that for more than 20 years has been making wicker furniture out of its 92 Hope Road location, smack in the middle of the Liguanea commercial and residential district in Kingston. David Myrie spent his earliest...

Published:Friday | May 10, 2019 | 12:24 AMAvia Collinder - Business Reporter

GraceKennedy Limited and Musson Jamaica, two of Jamaica’s largest conglomerates in control of multiple companies, will initially look to their own networks for business to feed the new life insurance company on which they have teamed up. Insurance...

Published:Friday | May 10, 2019 | 12:17 AM

Nike wants to meet your feet. The sneaker seller will launch a foot-scanning tool on its app this summer that will measure and remember the length, width and other dimensions of customers’ feet after they point a smartphone camera to their toes....

Published:Friday | May 10, 2019 | 12:16 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Deep in the bowels of the Peace Hotel, the Old Jazz Band is one of the more obscure tourist destinations of the Shanghai Bund. Built in the art deco style of the roaring 1920s, the hotel marked the...

Published:Friday | May 10, 2019 | 12:16 AMAvia Collinder - Business Reporter

Lorna Green, CEO of Digital Transtec Limited, is tearing down the building that houses her company in New Kingston to develop a six-storey residential complex. Green is constructing 22 residences on the half-acre lot at IC Braemar Avenue, starting...

Published:Friday | May 10, 2019 | 12:15 AM

With plane crashes making headlines over the weekend, one in Florida with no fatalities and another in Russia that killed dozens, travellers might question whether flying has become less safe. Aviation experts regard the recent incidents as a...

Published:Friday | May 10, 2019 | 12:14 AMMcPherse Thompson - Assistant Editor-Business

A section of the law governing court procedures has been declared unconstitutional by the Court of Appeal, a decision that likely sets the stage for new challenges to past default judgments issued by the Supreme Court. A default judgment is entered...

Published:Thursday | May 9, 2019 | 10:55 AM

The use of independent contractors, such as consultants and freelancers, has long been a strategy employed by businesses as a means of reducing workforce costs or gaining more flexibility to dismiss workers when they are no longer needed. Some...

Published:Thursday | May 9, 2019 | 12:28 AM

Some drivers for ride-hailing giants Uber and Lyft turned off their apps Wednesday to protest what they say are declining wages at a time when both companies are raking in billions of dollars from investors. Demonstrations took place in 10 US...

Published:Wednesday | May 8, 2019 | 12:25 AM

The Editor, Sir: We refer to your article headlined “BOJ Downplays Internal Forex Split” in the Sunday Gleaner of May 5, 2019, which contains in the headline and in the body of the article false and misleading statements about the governance of...

Published:Wednesday | May 8, 2019 | 12:16 AMSteven Jackson/Senior Business Reporter

JMMB Group, one of the largest financial service providers, advised its clients to consider cutting their losses and sell their Digicel bonds, which is now trading at around 33 cents on the dollar. It’s a sign that investors are losing patience...

Pages

Subscribe to Business