Wed | Jun 16, 2021

Business

Published:Wednesday | June 16, 2021 | 12:12 AM

● PROComm appoints GM from within PRO Communications Limited, which trades as PROComm, has promoted Errol Howlett to the position of general manager, effective June 1. He has worked with PROComm for 22 years, since 1999, and was described as a...

Published:Wednesday | June 16, 2021 | 12:10 AM

The J.C. Newman Cigar Company claims to have the nation’s last bale of Cuban tobacco. Purchased just prior to the United States government cutting off all business relations with the socialist nation in 1962, the Newman family now stores it in...

Published:Wednesday | June 16, 2021 | 12:10 AMHuntley Medley/Associate Business Editor

Former Prime Minister Bruce Golding is of the view that despite the existence of the Council for Trade and Economic Development, COTED, the Caricom bloc, as currently structured, lacks an appropriate administrative mechanism to resolve the...

Published:Wednesday | June 16, 2021 | 12:10 AM

Ice cream maker Caribbean Cream Limited, which trades as Kremi, came close to doubling its yearly earnings, which topped $100 million while traversing a pandemic-hit economy unscathed. The company, even with a big capital expenditure on growth...

Published:Wednesday | June 16, 2021 | 12:09 AM

Britain and Australia announced the broad outlines of a free trade deal Tuesday, eliminating tariffs on a wide range of goods as the United Kingdom seeks to expand links around the world following its exit from the European Union. The pact is...

Published:Wednesday | June 16, 2021 | 12:08 AM

The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to plane makers Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease transatlantic tensions. And...

Published:Wednesday | June 16, 2021 | 12:08 AM

The tiny country of El Salvador made headline news when the government announced that it would allow bitcoin to be used as legal tender. Always the master showman, Salvadorean President Nayib Bukele was heaped with praise immediately by...

Published:Wednesday | June 16, 2021 | 12:08 AM

Main Event Entertainment Group Limited returned to losses in the April quarter, amid continued restrictions on the entertainment sector. But the company is still trying to strike a positive tone, saying it had high hopes for future business. The...

Published:Wednesday | June 16, 2021 | 12:07 AMKarena Bennett/Business Reporter

The pandemic has led to plummeting sales for drink products aimed at bargain consumers, and may very well have been the last straw that drove Spike Industries into closing down the bag-drink manufacturing division of its beverage business. The...

Published:Tuesday | June 15, 2021 | 4:35 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 36/42. The index moved down by 2,152.86 points or 0.50 per cent to close at 428,697.59. The JSE Main Market Index declined by 2,454.99 points...

Published:Tuesday | June 15, 2021 | 12:08 AM

Ferrari V12 production cars were suspended over the factory floor Sunday night as the 74-year-old luxury carmaker launched a new era as a lifestyles brand, with a runway show unveiling its first ready-to-wear collection targeting a younger...

Published:Monday | June 14, 2021 | 4:59 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Monday with an advance/decline ratio of 37/37. The JSE Combined Index advanced by 2,654.60 points or 0.62 per cent to close at 430,850.45. The JSE Main Market Index advanced by 2,511.04...

Published:Sunday | June 13, 2021 | 12:10 AMHuntley Medley - Associate Business Editor

Regional soap producer Dominica Coconut Products Successors Limited, DCPS, has made good on a threat to head to court in a long-running feud with some Jamaican state agencies and Jamaican manufacturers and exporters of soap. In a suit filed in the...

Published:Sunday | June 13, 2021 | 12:09 AMKarena Bennett - Business Reporter

Jamaica Dairy Development Board, JDDB, is anticipating growth in local milk production to 15.1 million litres by December and is banking on new market entrant Trade Winds Citrus Limited to assist in getting to the desired national target. The...

Published:Sunday | June 13, 2021 | 12:08 AM

It is not often that well-resourced and politically powerful companies such as ExxonMobil and Shell suffer historic defeats. However, last month, in different ways, both oil majors saw activist shareholders and environmentalists cause them and the...

Published:Sunday | June 13, 2021 | 12:08 AM

What’s happening in the workplace to young employees? They seem to operate by a different set of values, showing little interest in company events. Yet, they willingly give time and energy to off-the-job pursuits. How can executives create an...

Published:Sunday | June 13, 2021 | 12:08 AM

If we see personal financial planning as the process of planning to achieve our goals in the various stages of our lives and how to negotiate the barriers that inevitably arise in the course of pursuing those goals, it is clear that risk management...

Published:Sunday | June 13, 2021 | 12:08 AM

The Office of Utilities Regulation, OUR, invited me to its webinar, ‘Creating a Regulatory Framework for Electric Vehicles in Jamaica – What’s Needed’, last Wednesday. Unhappily, I could not attend. That event, however, was another example of how...

Published:Sunday | June 13, 2021 | 12:07 AMHuntley Medley - Associate Business Editor

Seeking the best path to growth, the University of the Commonwealth Caribbean, UCC, has this year formally spun off several business activities into a number of subsidiary companies as part of a strategy it has been developing since last year....

Published:Sunday | June 13, 2021 | 12:07 AM

The winner of the election triumphed largely thanks to his glamorous but off-message social media influencer wife, and their appearances with music stars. The loser saw her chances fade after video emerged of her in a coaching session with NXIVM...

Published:Sunday | June 13, 2021 | 12:07 AMSteven Jackson - Senior Business Reporter

MPC Caribbean Clean Energy Limited and its partners plan to double the power generating capacity at its solar plant in Dominican Republic, a new asset for which the acquisition deal is expected to close by next quarter. The Monte Plata solar plant...

Published:Friday | June 11, 2021 | 4:06 PM

The Jamaica Stock Exchange (JSE) Combined Index closed the week on a losing note. Heavy trading ended with an advance/decline ratio of 37/37 The JSE Combined Index declined by 864.38 points or 0.20 per cent to close at 428,195.85 The JSE Main...

Published:Friday | June 11, 2021 | 12:14 AM

Hertz will likely emerge from Chapter 11 bankruptcy protection by the end of the month after a bankruptcy court confirmed the reorganisation plan for the beleaguered car rental company. Hertz Global Holdings Inc, which filed for bankruptcy...

Published:Friday | June 11, 2021 | 12:14 AM

N CB Financial Group, through one of its regional firms, plans to target the listing of family businesses on the Trinidad...

Published:Friday | June 11, 2021 | 12:14 AMJoseph Stiglitz - Guest Columnist

Slight increases in the rate of inflation in the United States and Europe have triggered financial market anxieties: Has US President Joe Biden’s administration risked overheating the economy with its US$1.9-trillion rescue package and plans for...

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