Sat | Apr 20, 2019

Business

Published:Friday | April 19, 2019 | 12:12 AM

Financial conglomerate Sagicor Group Jamaica has bundled its holdings in financial stocks into a single entity, Sagicor Select Funds Limited, which it aims to float on the stock market as an exchange traded fund or ETF. It’s one of two ETFs that...

Published:Thursday | April 18, 2019 | 12:30 AMAvia Collinder - Business Reporter

Investors Keith and Paula Russell have joined with principals in a Qatari firm to deliver a 8,000-room, all-inclusive beachfront resort development in Duncans, Trelawny, for which ground was broken on April 12. Designed in the form of a township,...

Published:Thursday | April 18, 2019 | 12:30 AM

Luxury coach Knutsford Express Services Limited will build a new terminal at Drax Hall, St Ann, in proximity to the exit point for the highway, financed in part by a $150-million bond. “We are looking to do a hub-and-logistics-type development in...

Published:Thursday | April 18, 2019 | 12:29 AMMcPherse Thompson - Assistant Editor-Business

The Caribbean Court of Justice, CCJ, on Wednesday ruled that the regional tax payable on ‘other hydraulic cement’ – a product used to stop water and leaks in concrete and masonry structures – should be set at five per cent. The ruling endorses a...

Published:Thursday | April 18, 2019 | 12:29 AMNeville Graham - Business Reporter

Jamaica’s most populous fast food enterprise KFC is about to get bigger, and its boss, Mark Myers, is looking to add new enticements to the product line up in its stores, possibly through a new franchise arrangement. Restaurants of Jamaica, ROJ,...

Published:Thursday | April 18, 2019 | 12:26 AMHuntley Medley - Senior Business Writer

The global nutraceuticals market is reported to be valued at in excess in US$200 billion with projections that it will top US$300 billion in the next five years, pushed by changing population, health and dietary trends. Those numbers underpin the...

Published:Thursday | April 18, 2019 | 12:25 AM

Apple and mobile chip maker Qualcomm have settled a bitter financial dispute centred on some of the technology that enables iPhones to connect to the Internet. The surprise truce announced Tuesday came just as the former allies-turned-antagonists...

Published:Thursday | April 18, 2019 | 12:24 AM

China’s economic growth held steady in the latest quarter, despite a tariff war with Washington, as Beijing’s efforts to reverse a slowdown started to gain traction. The world’s second-largest economy expanded by 6.4 per cent over a year before in...

Published:Thursday | April 18, 2019 | 12:23 AMAvia Collinder - Business Reporter

Wisynco Group is buying a stake in the snacks business owned by Jamaica Producers Group, a deal that is meant to drive distribution of the products in existing and new markets. The $720-million transaction for 30 per cent of JP Snacks Caribbean...

Published:Thursday | April 18, 2019 | 12:22 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Today, we remain off-piste, treading in another non-market topic. Last month’s college admission scandal in the United States raised hackles from coast to coast. It suggested the spectre of corruption in...

Published:Thursday | April 18, 2019 | 12:15 AM

Industrial production in the United States fell in March, pulled down by a drop in mining output. Factory output remained weak amid a slowing global economy and trade tensions with China. The US Federal Reserve says industrial output – combining...

Published:Thursday | April 18, 2019 | 12:14 AM

When Samsung said this year it would launch a smartphone with a folding screen, the big question was whether the innovation was something people actually wanted or needed. Is the Galaxy Fold a gimmick to help sell more smartphones in a slowing...

Published:Thursday | April 18, 2019 | 12:14 AM

The administration of President Jair Bolsonaro plans to auction seven offshore oilfields in the northeast despite contrary advice from analysts of Brazil’s main environmental body, according to documents obtained by the Associated Press....

Published:Thursday | April 18, 2019 | 12:13 AM

None of the Supreme Court’s justices wanted to say the four-letter word. The high court was discussing a trademark case Monday involving a Los Angeles-based fashion brand, ‘FUCT’. But the justices did some verbal gymnastics to get through about an...

Published:Wednesday | April 17, 2019 | 12:26 AM

OP-ED CONTRIBUTION: DEATH...

Published:Wednesday | April 17, 2019 | 12:16 AM

The Jamaican economy created nearly 29,000 jobs in the quarter ending January, and women were the main beneficiaries. But men still command most of the jobs in the overall economy. In the latest Labour Force Survey released Tuesday by the...

Published:Wednesday | April 17, 2019 | 12:16 AMAvia Collinder/Business Reporter

The Statistical Institute of Jamaica on Tuesday released new data on ­inflation which shows that the indicator is moving significantly for the first time in seven months, giving some hope that the central bank may meet its inflation target by June...

Published:Wednesday | April 17, 2019 | 12:15 AM

Tiger Woods’ win at the Masters could revitalise the golf industry, which has struggled in the past decade while the game’s biggest star was hobbled by issues on and off the course. Bridgestone Golf, whose logo was on the golf balls Woods used,...

Published:Wednesday | April 17, 2019 | 12:14 AM

Two House committees subpoenaed Deutsche Bank and several other financial institutions Monday as part of investigations into United States President Donald Trump’s finances. House Intelligence Committee Chairman Adam Schiff, D-California, said in a...

Published:Wednesday | April 17, 2019 | 12:09 AMAvia Collinder/Business Reporter

Creditinfo Group, a privately owned Icelandic company that entered the Jamaican market nearly a decade ago, is now expanding in the region. CredInfo partnered with Coalesce Credit Solutions Limited, a local company owned by entrepreneurs Damion...

Published:Wednesday | April 17, 2019 | 12:08 AM

The European Union has approved a copyright overhaul that aims to give more protection to artistes and news organisations but which critics say will stifle freedom of speech and online creativity and punish smaller web companies. Artistes,...

Published:Tuesday | April 16, 2019 | 12:17 AM

German prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offences in connection with the company’s massive, multi-year effort to cheat on diesel emissions testing. Prosecutors said Monday that...

Published:Monday | April 15, 2019 | 9:43 PM

  Sagicor Group Jamaica will invest the equivalent of $2.6 billion to build out its investment services in the Cayman Islands, in a bid to grow regionally. It comes on the heels of record profit for Jamaica’s largest insurance...

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

COLUMN: FOREIGN POLICY A few days ago, the British government published the text of the Cariforum-United Kingdom Economic Partnership Agreement, the UK EPA, that will govern trade in goods and services with the Caribbean, assuming Britain leaves...

Published:Sunday | April 14, 2019 | 12:25 AMSteven Jackson - Senior Business Reporter

Power utility Jamaica Public Service Company, JPS, will commission a US$25 million storage facility in phases this year as a safeguard against power outages. The 24.5 megawatt plant, the first of its kind for Jamaica, will be installed at the...

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