Sat | Apr 20, 2019

Business

Published:Sunday | April 14, 2019 | 12:25 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER Ordinary shares are securities which represent ownership in a company. The terms ordinary shares and ordinary stock tend to be used interchangeably, and their owners are generally called shareholders and...

Published:Sunday | April 14, 2019 | 12:24 AM

ADVISORY COLUMN: INSURANCE HELPLINE The Jamaican government recently transferred $2 billion to the Contingencies Fund. A contingencies fund, or contingency fund, is a reserve for emergencies. Think of it as an emergency bank account. The money is...

Published:Sunday | April 14, 2019 | 12:24 AM

ADVISORY COLUMN: BUSINESSWISE In my last column, I introduced you to millennial voyageurs Cameron Seagle and Natasha Alden whom I met at the Global Ambassadors Program in Puerto Rico in March. Determined to escape what they described as the "...

Published:Sunday | April 14, 2019 | 12:15 AMNeville Graham - Business Reporter

Managing Director of EXIM Bank Jamaica Lisa Bell is looking to Government’s promise that funds from dormant ­accounts could find their way into the productive sector as low-interest loans. Industry, Commerce, and Agriculture Minister Audley Shaw...

Published:Sunday | April 14, 2019 | 12:14 AMAvia Collinder - Business Reporter

Guardian Life has secured buyers for half of the 176 apartments it just began developing in New Kingston, mainly individual investors in Jamaica and overseas, but also pension funds. Guardian President Eric Hosin said that the company opted to...

Published:Friday | April 12, 2019 | 12:38 AMSteven Jackson - Senior Business Reporter

Denning Growth Fund, based in Asia, has pumped US$1.5 million into Flavocure Biotech Inc for an undisclosed equity stake in the company founded by Jamaican businessman and scientist Dr Henry Lowe. The investment will allow the company to fund...

Published:Friday | April 12, 2019 | 12:29 AM

Rite Aid will chop its share count by about 95% in a bid to push the remaining shares above minimum trading requirements on the New York Stock Exchange. The board of the struggling drugstore chain approved a 1-for-20 ratio for a reverse stock split...

Published:Friday | April 12, 2019 | 12:28 AM

A federal judge has threatened to temporarily block Carnival Corp from docking cruise ships at ports in the United States as punishment for a possible probation violation. The Miami Herald reports that US District Judge Patricia Seitz said on...

Published:Friday | April 12, 2019 | 12:28 AM

Russian lawmakers approved a bill on Thursday that would expand government control over the Internet and which opponents fear heralds a new era of widespread censorship. The bill would install equipment to route Russian Internet traffic through...

Published:Friday | April 12, 2019 | 12:28 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Brazilians tend to be manic. They feel like they are living in either the best or worst country in the world. And there is never anything in between these two extremes. Argentines, however, tend to be...

Published:Friday | April 12, 2019 | 12:27 AMHuntley Medley - Senior Business Writer

The April 2 announcement of a more than US$97,000 gift from the Caribbean Development Bank, CDB, to Caricom for a study on plantation white sugar has Jamaican manufacturing representatives lining up on different sides of the hot-button issue. The...

Published:Friday | April 12, 2019 | 12:24 AMHuntley Medley - Senior Business Writer

Insurance brokerage house Billy Craig Insurance Brokers Limited is talking up an ongoing value-added technology upgrade that its executives say is setting the company apart in an increasingly competitive market of insurance intermediaries. The...

Published:Friday | April 12, 2019 | 12:24 AM

While shoppers are getting everything from morning coffee to complete work wardrobes delivered to their homes, some businesses are working with ride-hailing company Uber to entice customers through their doors. Uber launched a voucher programme...

Published:Friday | April 12, 2019 | 12:23 AM

Airbnb is rescinding its plan to bar listings in Israeli settlements in the West Bank. The home-sharing company announced in November that it would remove about 200 listings in the West Bank, which is territory claimed by Palestinians. Airbnb said...

Published:Friday | April 12, 2019 | 12:22 AMNeville Graham - Business Reporter

Pulse Investments Chairman Kingsley Cooper says he’s harboured global ambitions ever since designing the Pulse logo 40 years ago. That yearning is to be realised with the launch of Pulse Global, he says. Key to the global push is a foray into...

Published:Friday | April 12, 2019 | 12:22 AMAvia Collinder - Business Reporter

Having secured the approval of the gaming regulator in March, Supreme Ventures Limited (SVL) began rolling out its mobile app to the mainstream market last month, which allows for private betting. Except for a four-hour lockdown, from 2 a.m. to 6 a...

Published:Friday | April 12, 2019 | 12:21 AMAvia Collinder - Business Reporter

The agency that insures mortgages as one of its functions is growing concerned that loan providers may be climbing too far out on a limb to secure market share, given some of the current financing deals that offer credit at or beyond the value of...

Published:Friday | April 12, 2019 | 12:20 AM

The e-payment market is now valued at around $1.3 billion annualised based on to new information from the central bank, which announced that new rules governing the providers of electronic payment solutions now includes an allowance for larger...

Published:Thursday | April 11, 2019 | 12:21 AM

Ford is recalling 327,000 F-Series pickup trucks in North America for a second time to fix problems with engine block heater cables that can cause fires. In December, the company recalled 874,000 trucks because water and contaminants can get into...

Published:Wednesday | April 10, 2019 | 12:28 AM

Federal authorities said Tuesday that they have broken up a US$1.2-billion Medicare scam that peddled unneeded orthopaedic braces to hundreds of thousands of seniors via foreign call centres. The US Justice Department announced charges against 24...

Published:Wednesday | April 10, 2019 | 12:28 AM

The St Kitts-based Eastern Caribbean Central Bank (ECCB) says the new banknotes that will go into circulation in June will contain features that will assist visually impaired persons in the subregion. The ECCB said that it will begin circulating...

Published:Wednesday | April 10, 2019 | 12:22 AMSteven Jackson/Senior Business Reporter

Whim Development Company Limited, whose two directors are attorney Hugh Hart and businessman Albert Donaldson has proposed to develop over 875 houses in a gated community in Old Harbour, St Catherine. It would become the latest development along...

Published:Wednesday | April 10, 2019 | 12:17 AM

Orders and deliveries of Boeing’s 737 Max plunged in the first quarter as the plane was grounded around the world following a second deadly crash. Boeing disclosed Tuesday that it received no new orders for the Max in March. It took 29 net orders...

Published:Wednesday | April 10, 2019 | 12:17 AM

A man who had just bought a $8-million island off Key West was arrested Saturday for participating in what police described as a scheme to steal US$300 in household items from Kmart. Officials at Kmart called Key West police on April 5 after they...

Published:Wednesday | April 10, 2019 | 12:14 AMSteven Jackson/Senior Business Reporter

The Government is aiming to raise $5.5 billion from the initial public offering (IPO) of Wigton Windfarm, which operates wind turbines in Manchester. Concurrently, lead broker Mayberry Investments has indicated that it has priced the stock at $0.50...

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