Tue | Aug 21, 2018

Business

Published:Tuesday | August 21, 2018 | 12:00 AM

American oil giant Conoco Phillips says it has reached an agreement with Venezuela's state-owned oil company to recover nearly US$2 billion it was awarded as part of a decade-old expropriation dispute.Monday's statement from Houston-based Conoco says...

Published:Sunday | August 19, 2018 | 12:28 AMOran Hall

Today, I will look at Jamaica’s five oldest unit trusts and mainly the funds which invest primarily in the Jamaican securities market. This examination will focus on the composition of the funds, their 12-month growth rate as measured by the...

Published:Sunday | August 19, 2018 | 12:00 AMAvia Collinder

Arising from the increase in user fees in public-health facilities on August 1 for individuals who have health insurance, local insurance providers say that they expect the annual payout to local hospitals to increase.Already, these charges have...

Published:Sunday | August 19, 2018 | 12:00 AM

Rose Hamilton, general manager of real estate company 138 Student Living Jamaica Limited, says the recent increases in dorm fees granted by the University of the West Indies for the new halls on the Mona campus fall short of expectations."There have...

Published:Sunday | August 19, 2018 | 12:00 AM

The Jamaica Stock Exchange (JSE) has selected Toronto-based fintech company Blockstation to explore the possibility of offering cryptocurrency trading on the local platform.Consequently, the JSE based in Kingston has signed a memorandum of...

Published:Sunday | August 19, 2018 | 12:00 AM

Last week, I received an interesting message from a young woman on Twitter, which, to my amazement and absolute joy, would trigger a string of inspiring success stories from social media from Jamaicans earning online.The message read: "Hey."It was...

Published:Sunday | August 19, 2018 | 12:00 AM

This is a dog bites man article. My interest in the topic was sparked by an experience with a dog attack.A Jamaica Observer August 15 editorial opinion, "Mr Whittingham Cole must not die in vain" also helped. He died from injuries after being...

Published:Sunday | August 19, 2018 | 12:00 AM

Elon Musk's erratic behaviour was front and centre again last week as the CEO of Tesla conceded that he's overwhelmed by job stress, pushing his electric car company's stock down and bringing pressure on its board to take action.Musk's revelation,...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The Court of Appeal has effectively put aside a near $4-billion claim against Sagicor Bank Jamaica Limited in favour of contractor York P....

Published:Friday | August 17, 2018 | 12:00 AMAvia Collinder

Worker representatives are not convinced that Jamaica's labour code needs revamping, notwithstanding the battle plan that companies have devised and are executing in a pitch for changes to...

Published:Friday | August 17, 2018 | 12:00 AMSteven Jackson

The fire that gutted a section of Wisynco Group's complex two years ago cost the company close to $120 million in business disruptions, but it also pocketed nearly $600 million as net insurance proceeds.The insurance inflows...

Published:Friday | August 17, 2018 | 12:00 AMSteven Jackson

Blue Power Group Limited will be increasing the prices for its soaps due to the effects of currency movements on its cost of business, but that's after making millions in currency gains from its...

Published:Friday | August 17, 2018 | 12:00 AMAvia Collinder

Telecommunications company Digicel Group and partners are expected to announce the launch of a mobile money app this month that is usable internationally, more than a year after the product...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The majority of foreign exchange transactions done on a daily does not include cash and the Bank of Jamaica, BOJ, has been making a point of informing the public about it.Senior Deputy Governor John...

Published:Friday | August 17, 2018 | 12:00 AM

Warren Buffett is still finding new places to invest decades after he started, even though his basic approach of finding businesses selling for less than they are worth hasn't changed much.Buffett...

Published:Friday | August 17, 2018 | 12:00 AM

Whether it's spiced in the Spanish style or sliced as Japanese sashimi, octopus as a dish is becoming a victim of its own popularity.Prices for the tentacled mollusc have about doubled in the past two years...

Published:Friday | August 17, 2018 | 12:00 AM

Why are investors around the world so worried about Turkey's economy, when it's smaller than Florida's? Because of the possibility that somebody bigger will be next.Investors have been pulling out of...

Published:Friday | August 17, 2018 | 12:00 AM

Turkey's finance chief tried to reassure thousands of international investors on a conference call Thursday, in which he pledged to fix the economic troubles that have seen the country...

Published:Friday | August 17, 2018 | 12:00 AM

Walmart raised its financial outlook for the year after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores.The upbeat...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The mining and quarrying industry, which grew by 30 per cent, contributed the lion's share to the estimated 1.8 per cent expansion in the Jamaican economy for the April to June 2018 quarter, according to the...

Published:Friday | August 17, 2018 | 12:00 AM

Karl Gordon's introduction to business was at Coronation Market in downtown Kingston, where he once transported goods for vendors and shoppers for a fee.Now the...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/ Business Reporter

For the first time in its 32-year history, The National Export-Import, EXIM, Bank of Jamaica is rolling out a loan sale to gin up business and pull in clients.EXIM's general manager for trade and commercial lending, Lenworth Tracey, says the board...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/Business Reporter

The new basket of goods and services that will be used to track the movement of the Consumer Price Index (CPI) will be ready by early 2020.Director general of the Statistical Institute of Jamaica (Statin), Carol Coy, says the agency's technicians...

Published:Wednesday | August 15, 2018 | 12:00 AM

I suspect you might be reading this article because of the title. Correct?Coming to an important decision is often very difficult; coming with much anxiety, hand-wringing and 'if and but-ing'. Oftentimes, we just can't be bothered and fail to decide...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/ Business Reporter

Richard Lake's Premium Farms in now the exclusive distributors for National Flour Mills, NFM, an agreement that covers eight products made by the Trinidadian company, initially, with more to be added later this year.The deal expands on the business...

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