Tue | Dec 18, 2018

Business

Published:Wednesday | December 19, 2018 | 12:00 AM

Barita Investments Limited plans to raise $4 billion in a rights issue that could be used for future acquisitions.The company's stock, which trades as BIL, has nearly tripled in price since the end of summer, and while the rights issue will dilute...

Published:Wednesday | December 19, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Businessman and scientist Dr Henry Lowe, who has a series of cancer drugs in various stages of development under different partnerships, announced his second deal to conduct clinical trials in as many months.The latest will see Educational and...

Published:Wednesday | December 19, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Shares in Playa Hotels...

Published:Wednesday | December 19, 2018 | 12:00 AMNeville Craham/Gleaner Writer

By late January, FosRich Company will be putting the final touches to a manufacturing facility that will be based at the complex now used for storage.The transformation of the 180,000 square foot Maverley Avenue warehousing site in Kingston is being...

Published:Wednesday | December 19, 2018 | 12:00 AM

Nissan's board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed.Nissan Motor Company CEO Hiroto Saikawa told reporters...

Published:Wednesday | December 19, 2018 | 12:00 AM

The chairman of Huawei challenged the United States and other governments to provide evidence for claims that the Chinese tech giant is a security risk, as the company launched a public relations effort Tuesday to defuse fears that threaten its role...

Published:Wednesday | December 19, 2018 | 12:00 AM

Access Financial Services Limited paid US$6.4 million ($830 million) for its first foreign acquisition, Embassy Loans Inc, a microlender based in Florida, United States, which it plans to use as a springboard for further expansion.The deal was in...

Published:Wednesday | December 19, 2018 | 12:00 AM

Britain's government ramped up preparations Tuesday for the possibility that the United Kingdom could leave the European Union (EU) in 101 days without a divorce deal - putting soldiers on standby and warning thousands of businesses and millions of...

Published:Tuesday | December 18, 2018 | 12:00 AM

Malaysia filed criminal charges against Goldman Sachs and two former executives on Monday for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.Attorney General Tommy Thomas said that the government is seeking...

Published:Sunday | December 16, 2018 | 12:00 AMNeville Graham

The used-car sector is walking back its howls of protest over the pre-shipment inspection policy for motor vehicles that they initially pronounced would have been the death knell of vulnerable dealers.But that was last year.Now, some 16 months into...

Published:Sunday | December 16, 2018 | 12:00 AMMcPherse Thompson

Most of the US$68 million the Inter-American Development Bank has approved for Jamaica's controversial National Identification System (NIDS) will go towards upgrading the information and communication technology infrastructure across government....

Published:Sunday | December 16, 2018 | 12:00 AM

Question: On Thursday, February 1, 2018, I was involved in a collision in Greater Portmore. It occurred along Queens Avenue, near to the Resident Magistrate's Family Court on SW 1st Avenue and the health centre. I was travelling on the major road....

Published:Sunday | December 16, 2018 | 12:00 AM

I am bringing together much of what I have written about deciding to invest in past columns for the benefit of the many prospective and new investors who ask about how to invest.It is important to recognise that investing is dynamic because the...

Published:Sunday | December 16, 2018 | 12:00 AM

For most companies, staff engagement is just like a religious belief: some either have it or they don't.This separation between those who are blessed or cursed is familiar to any churchgoer, but does it have a place in corporate Jamaica? There may a...

Published:Sunday | December 16, 2018 | 12:00 AM

At the conclusion of the recent special summit in Trinidad, Caricom heads of government issued the 'St Ann's Declaration'.It set out in the dusty language of officialese the measures being taken to breathe life into the stalled Caricom Single Market...

Published:Friday | December 14, 2018 | 12:00 AM

Once its foreign import rival in the paint market, Berger has brought the production of Penta paints in-house, a new arrangement that migrates manufacturing business formerly done in Trinidad...

Published:Friday | December 14, 2018 | 12:00 AM

Incomes in the United States are 12 times higher than in Jamaica.Still, many basic commodities are, on average, much more expensive here. Milk, for example, costs three times as much as in the US. This economic weakness...

Published:Friday | December 14, 2018 | 12:00 AM

Food and financial services conglomerate GraceKennedy Limited has big plans for the expansion of a new joint-venture food business in the United States.Patty manufacturer Majesty Foods is based in Florida...

Published:Friday | December 14, 2018 | 12:00 AM

Stewart's Automotive Group, one of the largest car dealers in Jamaica, plans to build a large complex spanning over 5,000 square metres on South Avenue in Kingston.The company is pumping more than US$...

Published:Friday | December 14, 2018 | 12:00 AM

Verizon's big bet on digital advertising isn't panning out.The wireless company spent more than US$4 billion to buy AOL and nearly US$5 billion to buy Yahoo as part of an effort to compete with Facebook and Google in...

Published:Friday | December 14, 2018 | 12:00 AM

The European Central Bank (ECB) is ending the stimulus programme that helped nurse the Eurozone economy back to health over the past four years - despite the emergence of new risks, including a...

Published:Friday | December 14, 2018 | 12:00 AM

Minister of Tourism Edmund Bartlett, in conversation with financial and market analysts, acknowledged criticism that the leakage of earnings from the tourism sector was as high as 70...

Published:Thursday | December 13, 2018 | 12:00 AM

A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington.Sales of SUVs, sedans and minivans in the global industry's biggest...

Published:Wednesday | December 12, 2018 | 12:00 AM

Caribbean Cement Company Limited and its mining subsidiary have acquired a five-year loan from National Commercial Bank Jamaica that will be used mainly to repay older debt.The $3.096 billion loan proceeds will be distributed in the US dollar...

Published:Wednesday | December 12, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Scotia Group Jamaica Limited will distribute life insurance products on behalf of Sagicor Group Jamaica's insurance arm, for which it will earn fees, once the sale of its life insurance business is concluded.The No. 2 banking group will set up a new...

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