Fri | Apr 19, 2019

Business

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...

Published:Friday | April 5, 2019 | 12:14 AMAvia Collinder - Business Reporter

Construction company Tank-Weld Metals Limited is more than halfway through a large warehousing project at Ferry, on the Kingston-St Catherine border, that will deliver 320,000 square feet of storage space for lease to other companies. The 10-acre...

Published:Friday | April 5, 2019 | 12:14 AMAvia Collinder/ Business Reporter

Now that the Government of Jamaica has eased the tax burden on real estate transactions, mortgage providers are already jockeying for market share with new financing deals. At the same time that private banks are making it easier for property...

Published:Friday | April 5, 2019 | 12:14 AMNeville Graham - Business Reporter

W orthy Park Estates is looking to rum for more revenue, saying its reputation as Jamaica’s most efficient estate is not enough to overcome changes in the sugar market that are driven by external events. In a continued tweak of its more than 300-...

Published:Friday | April 5, 2019 | 12:13 AMMcPherse Thompson/Assistant Editor - Business

The Court of Appeal has sided with John Jackson’s firm Bridgeton that its margin trading contract dispute with Mayberry Investments should be resolved through arbitration. The appellate decision handed down in March upheld a Supreme Court ruling...

Published:Friday | April 5, 2019 | 12:13 AMNeville Graham - Business Reporter

C OK Sodality Co-operative Credit Union is moving to shore up its capital base and finance a new core banking system by issuing a five-year deferred share offer to its membership that seeks to raise about $600 million. The year-long subscription...

Published:Thursday | April 4, 2019 | 12:29 AM

Legal troubles are piling up for Carlos Ghosn after French carmaker Renault said Wednesday it had flagged to judicial authorities serious problems with his expenses during his time as chairman of the company. Renault’s statement suggests the...

Published:Thursday | April 4, 2019 | 12:23 AMSteven Jackson - Senior Business Reporter

A financing deal struck between Jamaica’s NCB Financial Group and large shareholders of Guardian Holdings Limited, GHL, is turning out to be an impediment to the Jamaican banking conglomerate’s takeover of the regional insurance giant based in...

Published:Wednesday | April 3, 2019 | 11:00 AM

UK lawmakers on Friday rejected the government’s divorce agreement with the European Union (EU) for a third time, leaving Britain just two weeks to decide between a long delay to Brexit and an abrupt no-deal departure from the bloc. The House of...

Published:Wednesday | April 3, 2019 | 1:46 AMSteven Jackson/ - Senior Business Reporter

A financing deal struck between Jamaica’s NCB Financial Group and large shareholders of Guardian Holdings Limited, GHL, is turning out to be an impediment to the Jamaican banking conglomerate’s takeover of the regional insurance giant based in...

Published:Wednesday | April 3, 2019 | 12:16 AM

Panama sees a “big opportunity” in China’s massive ‘Belt and Road’ infrastructure initiative, President Juan Carlos Varela said Tuesday during a visit to Hong Kong amid ambitious plans and proposals for Chinese-built bridges and rail lines. Varela...

Published:Wednesday | April 3, 2019 | 12:15 AM

The head of the 189-nation International Monetary Fund (IMF) said Tuesday the global economy is at a “delicate moment” with a hoped-for rebound in growth later this year being threatened by a variety of factors, such as rising trade tensions...

Published:Wednesday | April 3, 2019 | 12:10 AMSteven Jackson/ - Senior Business Reporter

The Jamaica Stock Exchange (JSE) has struck a deal with the tech-heavy Nasdaq exchange in the United States that will allow local brokers to short-sell or profit from falling stock prices, while also trading international stocks. On Monday, the two...

Published:Wednesday | April 3, 2019 | 12:09 AMAvia Collinder/Business Reporter

Jamaica Plumbing Supplies Limited is near completion of a complex in Portmore that will become the company’s new warehousing and distribution hub. Development of the 200,000-square-foot two-storey structure, which started a year ago, represents an...

Published:Wednesday | April 3, 2019 | 12:08 AM

It has been five years since the initial announcement, but GraceKennedy Limited still plans to list on the London Stock Exchange or other foreign market. Other events have overtaken the food and financial services conglomerate, which is otherwise...

Published:Tuesday | April 2, 2019 | 12:16 AM

The United States government’s highway safety agency has decided to open two new investigations into fires involving Hyundai and Kia vehicles after getting complaints of more than 3,100 fires and 103 injuries. The National Highway Traffic Safety...

Published:Sunday | March 31, 2019 | 12:19 AM

Facebook says it has removed 200 pages, groups and accounts linked to Nic Gabunada, reportedly the former social media manager of Philippines President Rodrigo Duterte, for misleading people. The social network says it took down the accounts for “...

Published:Sunday | March 31, 2019 | 12:18 AM

New winds are blowing through the Caribbean. Some may welcome what they bring, others may not. Four events in the last 14 days illustrate how the region is being captured, probably irretrievably, by a new if so far ill-defined cold war that...

Published:Sunday | March 31, 2019 | 12:18 AM

Leaving your job to travel the world, become immersed in new cultures, meet diverse people, and enjoy the most exotic places, foods, and experiences around the globe would be a dream come true for many people. In fact, over the last decade, I’ve...

Published:Sunday | March 31, 2019 | 12:17 AM

“Court upholds $35 million award for workplace injury.”So read one headline in this newspaper’s Business on March 17. The article should be mandatory for owners and aspiring operators of small and medium-sized businesses – an emerging...

Published:Sunday | March 31, 2019 | 12:17 AM

So you are a parent now. What a difference it makes to your entire life and relationships, and especially to your pocket and everything related to it, so let us see how a good financial plan fits into your new situation. An addition to the family...

Published:Sunday | March 31, 2019 | 12:17 AMAvia Collinder - Business Reporter

President and Chief Executive Officer of the Victoria Mutual Building Society (VMBS) Group Courtney Campbell announced on Friday the launch of a new 100 per cent mortgage offering for self-employed Jamaicans and those who are contract workers....

Published:Sunday | March 31, 2019 | 12:12 AMNeville Graham - Business Reporter

Pulse Investments Limited, which is listed on the Jamaica Stock Exchange, is seeking to secure a foothold in the African lifestyle market, and to that end has started running advertisements in its search for models on the continent. The model...

Published:Sunday | March 31, 2019 | 12:11 AM

Sagicor Group Jamaica will be offering up to $40 million in unsecured loans to medical practitioners under a product it launched five years ago, but which was largely unknown and with low take-up. The product, Sagicor Advance, is geared towards...

Published:Sunday | March 31, 2019 | 12:10 AM

The European Union (EU) is moving to require cars and trucks to have technology that would deter speeding as well as data recorders to document the circumstances of accidents. Those are among the safety features included in a provisional agreement...

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