Fri | Dec 15, 2017

Business

Published:Friday | December 15, 2017 | 3:28 PM

National Security Minister, Robert Montague says the government will be embarking on an amnesty in early 2018 aimed at regularising the status of some 15,000 to 20,000 persons living illegally in Jamaica. He said the decision follows a recent...

Published:Friday | December 15, 2017 | 2:30 PM

The Caribbean Community (CARICOM) has strongly objected to the European Union’s recent labelling of some of its member states as non-cooperative tax jurisdictions, Secretary-General Irwin LaRocque said on Wednesday. He was at the time...

Published:Friday | December 15, 2017 | 12:32 PM

The Passport, Citizen and Immigration Agency (PICA) has set up a drop box service at its office at 25 Constant Spring Road, St. Andrew with immediate effect. Persons seeking to renew their passports may deposit their completed forms in the...

Published:Friday | December 15, 2017 | 12:12 PM

NCB Financial Group Limited said it has now completed the deal to acquire a 50.1 per cent stake in Clarien Group Limited, owner of Clarien Bank Limited based in Hamilton, Bermuda. When NCB made the announcement of its intention earlier this month,...

Published:Friday | December 15, 2017 | 11:42 AM

With amendments to the Companies Act having taken effect in June, the Companies Office of Jamaica (COJ) will be rolling out amended company incorporation and annual return forms on Monday, December 18. A feature of the new forms is that customers...

Published:Friday | December 15, 2017 | 12:02 AMAvia Collinder

The officials in charge of state company Harmonisation Limited, which has ambitions of getting into the casino business, have been elusive about the company's...

Published:Friday | December 15, 2017 | 12:00 AM

Starting next year, grocery chain Sampars plans to reach more customers in foreign markets via its e-commerce platform by developing new partnerships overseas.The grocery business aims to grow online sales...

Published:Friday | December 15, 2017 | 12:00 AMNeville Graham

The R hotel, billed assa swanky boutique establishment with a unique business model and a select clientele, should have opened in October but delivery delays and 'other factors' have left the...

Published:Friday | December 15, 2017 | 12:00 AMSteven Jackson

Moviegoers in 2018 may get another chance to see recently released Hollywood films that are taken out of rotation at the three cinemas run by...

Published:Friday | December 15, 2017 | 12:00 AM

In Manhattan, where Donald Trump built his empire, prices for condos in buildings bearing his gilded name are falling in the first year of his presidency.The average price per square foot for...

Published:Friday | December 15, 2017 | 12:00 AMSteven Jackson

Four years after market entry, the Jamaican-owned gas marketing company Fesco plans to virtually double its network to 20 retail...

Published:Friday | December 15, 2017 | 12:00 AM

Disney is buying a large part of the Murdoch family's 21st Century Fox for about US$52.4 billion in stock, including film and television studios and cable and international TV businesses, as...

Published:Friday | December 15, 2017 | 12:00 AM

The United States Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the US economy remains on solid footing...

Published:Friday | December 15, 2017 | 12:00 AMSteven Jackson

The Jamaica Broilers Group invested US$2 million to expand its pellet mill, allowing the conglomerate to double feed production capacity.Pellet capacity will...

Published:Thursday | December 14, 2017 | 4:21 PM

Minister of Science, Energy and Technology Andrew Wheatley has reaffirmed the government's full support for the principles of net neutrality. Net neutrality principles dictate that all Internet traffic should be treated equally, not...

Published:Thursday | December 14, 2017 | 3:54 PM

The Caribbean Development Bank (CDB) has announced a programme of assistance of USD172 million for Jamaica over the period 2017 to 2021. The resources will be augmented by £17.5 million or approximately US$22.2 million in grants from the...

Published:Thursday | December 14, 2017 | 12:09 AM

President of Guyana David Granger Wednesday acknowledged that American oil company ExxonMobil had paid over US$18 million as a signing bonus to his government.It confirmed a disclosure by the oil company last weekend, but Granger said that his...

Published:Wednesday | December 13, 2017 | 5:04 PM

  Oliver F. Clarke was elected chairman of Radio Jamaica Limited, which trades as the RJRGLEANER Communications Group, on Monday, December 11. He fills the slot created by the passing of J.A. Lester Spaulding, who had been ill. Spaulding had...

Published:Wednesday | December 13, 2017 | 12:20 AM

The Privy Council has overturned a decision by Jamaica’s appeal court that GraceKennedy two decades ago stole Paymaster’s business plan and used it as the model on which it established its own business payment firm, BillExpress. “...

Published:Wednesday | December 13, 2017 | 12:00 AMSteven Jackson

Hurricanes in the Caribbean and sluggish Pacific growth led to reduced free cash flow and slightly higher debt levels for telecoms Digicel Group, according to a report from Fitch Ratings released this month.The region was hit by hurricanes Irma and...

Published:Wednesday | December 13, 2017 | 12:00 AM

Scotiabank Jamaica is shuttering all Express banking locations, which were piloted in Kingston and would have been expanded nationally had the two-year experiment succeeded.The four Scotiabank Express branches, which were mostly tagged to retail...

Published:Wednesday | December 13, 2017 | 12:00 AM

Q Do you have an article that answers the question, 'Tell me about a bad or your worst experience'? Also, do you have an article that addresses when a person works at a company for over eight years and has not advanced after that time?- T. S.CAREERS...

Published:Wednesday | December 13, 2017 | 12:00 AMAvia Collinder

Continental Baking Company Limited, operator of National Bakery, is building a new bakery outlet in Kingston that will feature storage facilities and 5,000 square feet of retail space.The new distribution point at the corner of Skibo Avenue and...

Published:Wednesday | December 13, 2017 | 12:00 AMAvia Collinder

Heart Institute of the Caribbean will open a new wing on the medical facility by next March, having spent US$4 million (J$500 million) on the expansion at the Balmoral Avenue complex in Kingston, inclusive of equipment and a cardiac emergency room....

Published:Wednesday | December 13, 2017 | 12:00 AMSteven Jackson

Petroleum Corporation of Jamaica (PCJ) exited the retail gasolene market when it sold off subsidiary Petroleum Company of Jamaica Limited, or Petcom, last year, but now the state agency is wondering whether to get back into the business.The state...

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