Thu | Apr 18, 2019

Business

Published:Wednesday | April 10, 2019 | 12:11 AM

Brexit may be postponed once again this week, perhaps by as much as a year. The British economy, though, will remain a prisoner of a confidence-sapping uncertainty. While the merits of Brexit have been debated endlessly during Britain’s highly...

Published:Wednesday | April 10, 2019 | 12:11 AMAvia Collinder/Business Reporter

The Jamaica Chamber of Commerce-commissioned business and consumer confidence indices indicate that optimism among businesses and consumers remains on an upward trend. The business confidence Index increased to 151 points in the first quarter of...

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

British Prime Minister Theresa May is crisscrossing Europe in search of a Brexit delay. In London, government ministers are meeting their political opponents in search of a European Union divorce deal. Meanwhile, Britain is scheduled to leave the...

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

The Trump administration wants to tax $11.2 billion worth of EU goods – from airplanes to Gouda cheese – in a move that some experts say marks another attempt by the administration to use tariffs to reshape global trade in its favour. The import...

Published:Wednesday | April 10, 2019 | 12:08 AMNeville Graham/Business Reporter

Junior market-listed company Everything Fresh experienced a steep decline in year-end profits, but Chairman Gregory Pullen says he is not fazed since he expects revenue growth and other real benefits to flow from an aggressive expansion. The...

Published:Wednesday | April 10, 2019 | 12:07 AM

The Jamaican Government did not meet the objective of its Special Early Retirement Programme (SERP) as the level of participation achieved was only 37 per cent, or 597 public-sector workers of the take-up target of 1,600. The minister of finance,...

Published:Wednesday | April 10, 2019 | 12:06 AMSteven Jackson/Business Reporter

The industrial air-conditioning supplier CAC2000 Limited reported that its sales dropped by one-third and its losses grew more than tenfold in the January quarter 2019 compared with the previous year, arising from roadwork disruptions adjacent to...

Published:Wednesday | April 10, 2019 | 12:05 AM

Property company Stanley Motta is looking to a steady income stream for the next five years now that 58 Half-Way Tree Road is complete and fully tenanted. Year-end 2018 results for the company show a more than doubling of profits, which moved...

Published:Tuesday | April 9, 2019 | 12:15 AM

Pinterest, among the gaggle of tech companies hoping to go public this year, set a conservative price range Monday for its initial public offering (IPO). It hopes to raise as much as US$1.5 billion in its initial offering of shares. The digital...

Published:Monday | April 8, 2019 | 7:59 PM

Joseph M. Matalon has been appointed chairman of RJRGLEANER Communications Group, effective May 1. Since 1987, Matalon, has been a director of The Gleaner Company Limited, now trading as 1834 Investments Limited. He will succeed Oliver F. Clarke...

Published:Sunday | April 7, 2019 | 12:21 AM

COLUMN: FOREIGN POLICY In almost every country in the Caribbean, tourism has been transformative. As an economic driver it has largely outpaced other sectors to the extent that in much of the region the industry now generates the largest national...

Published:Sunday | April 7, 2019 | 12:20 AM

ADVISORY COLUMN: INSURANCE HELPLINE Cyber scammers, says Philadelphia journalist Jared Shelly, tricked leading US tech companies, Facebook and Google, into “wiring away millions by simply asking for the money via email”. The main perpetrator, a...

Published:Sunday | April 7, 2019 | 12:20 AM

OP-ED CONTRIBUTION: PRODUCTIVITY If you manage an extremely high number of tasks, it's a mistake to accept productivity advice from just about anyone. Instead, you should use special solutions tailored for people like you. CEOs I have worked with...

Published:Sunday | April 7, 2019 | 12:14 AM

I am a 24-year-old registered nurse who has been working for almost two years. My dream is to own a home within five years’ time, but I’m making a small amount of income that is mostly used to pay student loans and rent. Could you provide me with...

Published:Sunday | April 7, 2019 | 12:09 AM

Proven REIT Limited will be developing middle-class housing in St Ann, where the ­company aims to build about 100 apartments. “Negotiations are ongoing to acquire the land,” said President...

Published:Sunday | April 7, 2019 | 12:07 AMAvia Collinder - Business Reporter

Fearing that sales were being ­cannibalised by two stores being located too closely together, Fish Pot Restaurant operators have closed the outlet located at Half-Way Tree Square in Kingston ­despite its popularity. Simultaneously, the fast-food...

Published:Friday | April 5, 2019 | 2:31 AM

The rise of Alexandria Ocasio-Cortez, and the introduction of her controversial New Green Deal, has convulsed both sides of the political aisle in Washington. She has been attacked with slurs of being socialist and communist – words that carry...

Published:Friday | April 5, 2019 | 12:28 AMHuntley Medley - Senior Business Writer

The five Russell siblings of Montego Bay, owners of the all-inclusive three-star Deja Resort on the western city’s famed ‘Hip Strip’, are satisfied that they have brought their property and brand to a level where it can be now be successfully...

Published:Friday | April 5, 2019 | 12:21 AM

China’s expansion in Latin America of its Belt and Road initiative to build ports and other trade-related facilities is stirring alarm in Washington over Beijing’s ambitions in a region that American leaders, since the 19th century, have seen as...

Published:Friday | April 5, 2019 | 12:21 AM

Facial recognition technology was already seeping into everyday life – from your photos on Facebook to police scans of mugshots – when Joy Buolamwini noticed a serious glitch: Some of the software could not detect dark-skinned faces like hers....

Published:Friday | April 5, 2019 | 12:19 AMSteven Jackson - Senior Business Reporter

Trinidadian businessman Arthur Lok Jack, a key shareholder in Guardian Holdings Limited, GHL, is giving consideration to adjusting a three-year loan arrangement with NCB Financial Group in a bid to appease the finance ministry in Trinidad and...

Published:Friday | April 5, 2019 | 12:17 AMSteven Jackson - Senior Business Reporter

J amaicans will, in a few weeks, be able to buy cryptocurrencies through their local brokers in the second trial of the Blockstation platform by the Jamaica Stock Exchange, JSE, which comes amid a 25 per cent rise in the value of Bitcoin since...

Published:Friday | April 5, 2019 | 12:17 AM

T rade tensions between China and the United States, US, are putting a drag on economies in the region, with growth likely to continue to slow in the coming two years, the Asian Development Bank, ADB, says in a report released Wednesday. The...

Published:Friday | April 5, 2019 | 12:15 AM

Britain’s huge services sector contracted in March for the first time since the immediate aftermath of the vote in June 2016 to leave the European Union, EU, as firms put off new investments until the fog of Brexit has been lifted, a survey found...

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