Thu | Aug 17, 2017

Business

Published:Thursday | August 17, 2017 | 8:00 AM

The United States won't settle for cosmetic changes to the North American Free Trade Agreement (NAFTA), the top US trade negotiator said, as negotiations to rework terms of the pact began.President Donald Trump has called the 23-year-old trade pact...

Published:Wednesday | August 16, 2017 | 8:02 PM

In an effort to further enhance its network oversight and the protection of customers, GraceKennedy Money Services (GKMS) and Western Union will be ceasing money transfer services at two additional locations in St. Catherine. The affected locations...

Published:Wednesday | August 16, 2017 | 8:00 AMAvia Collinder

Trade Winds Citrus Limited, maker of Tru-Juice beverages, is planning to move into exports with its tetra pak line of products to Caribbean markets.It will also be bottling two new chilled products, green vegetable and beet root juices, for local...

Published:Wednesday | August 16, 2017 | 8:00 AMAvia Collinder

The Jamaican arm of Heritage Education Funds International (HEFI) now has more than US$112 million in assets under management, according to new agency director Kameka Headley Clarke.That translates to more than $14 billion in local currency.The...

Published:Wednesday | August 16, 2017 | 8:00 AM

It was not to be. On Saturday evening local time, Usain Bolt was handed his lone World Championships bronze by Justin Gatlin, from the United States.Gatlin who showed homage to Bolt by bowing down to him, took the men's 100m in 9.92 seconds,...

Published:Wednesday | August 16, 2017 | 8:00 AMSteven Jackson

Digicel Group founder and chairman Denis O'Brien holds the largest stake in Deep Blue Cable, the new entity that aims to string the region with underwater fibre-optic cables.Deep Blue is not connected to Digicel, which has operations in the...

Published:Wednesday | August 16, 2017 | 8:00 AM

JMMB Group Limited has realised its yearslong ambition of owning a commercial bank in its home market.On Monday, its merchant banking subsidiary acquired in 2012 was rebranded JMMB Bank Jamaica as the financial conglomerate, with a new licence in...

Published:Wednesday | August 16, 2017 | 8:00 AMAvia Collinder

Gary Matalon, CEO of KLE Group Limited, is projecting a rise in revenue for the listed company from both the initial franchise fee and royalties arising from the new deal between associate company FranJam and United Kingdom-based Casual Dining...

Published:Wednesday | August 16, 2017 | 8:00 AMSteven Jackson

Telecommunications company Cable & Wireless Jamaica (C&WJ), which trades as FLOW Jamaica, made $222 million in net profit after tax for its June second quarter, reversing a $695 million net loss a year earlier...

Published:Wednesday | August 16, 2017 | 8:00 AM

The surprising success of President Mauricio Macri's political coalition in key Argentine provinces in a primary election has strengthened its position heading into October's midterm legislative vote and given a boost to its pro-business economic...

Published:Wednesday | August 16, 2017 | 8:00 AM

The United Kingdom on Tuesday gave its most detailed indication yet of how its future trade with the European Union might work after Brexit, laying out proposals to replace membership in the bloc's customs union with new mechanisms designed to allow...

Published:Wednesday | August 16, 2017 | 8:00 AM

Guyana will make its first shipment of rice to Cuba in September following a series of negotiations over the past few months, the Guyana Rice Development Board has announced.General manager of the rice board, Allison Peters, said this is just one of...

Published:Wednesday | August 16, 2017 | 8:00 AM

China criticised Donald Trump's order for a possible United States trade investigation of Beijing's technology policies as a violation of global rules and said Tuesday it will "resolutely safeguard" Chinese interests.Trade groups for technology...

Published:Wednesday | August 16, 2017 | 8:00 AM

First it was the leader of a major United States pharmaceutical company, then the CEO of an athletic gear company, and before the day had ended, the chief executive of a US$170 billion tech giant. Three of the nation's top executives resigned from a...

Published:Wednesday | August 16, 2017 | 8:00 AM

Entrepreneur Benny Aboud has sold his company, Qolody Direct, to an advertising technology outfit called Centerfield Media Holdings LLC.Subsequently, his associated business process outsourcing company, Elephant Group Jamaica, which operates a call...

Published:Tuesday | August 15, 2017 | 8:31 PMAvia Collinder

Kingston Wharves has offered to assist in any way it can to clear a backlog of containers which have been piling up at Kingston Freeport Terminal Limited (KFTL) since last week. The problem arose from the establishment of a new software...

Published:Tuesday | August 15, 2017 | 8:03 PM

Payless ShoeSource today announced that its North American entities have successfully emerged from its Chapter 11 restructuring as the number one specialty footwear retailer in the United States and one of the largest in the world. It has about 3,...

Published:Tuesday | August 15, 2017 | 8:00 AM

Commercial banks operating in Haiti have been warned of heavy fines if they flout new regulations regarding the invoicing of credit card transactions effective December 1.The Bank of the Republic of Haiti, the BRH, noted in a circular to the banks...

Published:Monday | August 14, 2017 | 8:53 AMAvia Collinder

JMMB Merchant bank (JMMBMB), a subsidiary of the JMMB Group,  has become the island's eighth commercial bank following receipt of a licence on Friday, August 14. In September 2016,  the central bank approved JMMBMB's...

Published:Sunday | August 13, 2017 | 8:19 AMNeville Graham

​There is a big push to transform Duke Street in Kingston to a financial and legal business district, a project coordinated by Blossom O’Meally-Nelson. Private sector interests have come together to execute a six-point plan to improve the...

Published:Sunday | August 13, 2017 | 8:05 AM

It's a simple message: Beware of racism in the United States. But Procter & Gamble took a calculated risk with its ad that features black mothers speaking to children about racial bias through the decades. The company says it knew there might be a backlash...

Published:Sunday | August 13, 2017 | 8:00 AMSteven Jackson

When aspiring filmmaker Danielle Russell attends a leading film festival in France later this year, she will likely be more concerned with making deals than simply showing her short film.Industry events like the Clermont-Ferrand International Short...

Published:Sunday | August 13, 2017 | 8:00 AM

QUESTION: A truck ran into the back of my car on July 22, 2017. The damage is quite extensive. The vehicle cannot be driven. Will my comprehensive policy pay for the hiring of a replacement vehicle until mine is back on the road? When does the...

Published:Sunday | August 13, 2017 | 8:00 AM

Your neighbour pulls up in a sweet new ride. Your co-worker announces she's taking yet another trip abroad. Your best friend upgrades to a bigger house in a better area of town.You're pretty sure these people don't make a lot more than you do.So how...

Published:Sunday | August 13, 2017 | 8:00 AMAvia Collinder

Everton McFarlane has been in charge at the Financial Services Commission (FSC) since August 2, but the appointment was only disclosed Friday in press advertisements.The former financial secretary had been tipped for the job, but sources said others...

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