Mon | Apr 22, 2019

Business

Published:Wednesday | March 27, 2019 | 12:22 AM

Pilots of the cash-strapped regional airline, LIAT, have rejected a call for them to take a salary cut as the Antigua-based airline seeks to reverse its financial situation. President of the Leeward Islands Airline Pilots Association (LIAPA), Carl...

Published:Wednesday | March 27, 2019 | 12:21 AM

Barbados Prime Minister Mia Mottley has reiterated that while Barbados welcomes the Jamaica-based Sandals Resort International (SRI) Beaches project, “it can’t be at any price.” Winding up debate on the 2019/2020 debate in Parliament on Monday...

Published:Wednesday | March 27, 2019 | 12:15 AMNeville Graham/Business Reporter

Junior market listed company Paramount Trading is seeking to raise $300 million in a new issue of preference shares as it moves to put the finishing touches on an expansion programme which will put the company in a position to offer new products...

Published:Wednesday | March 27, 2019 | 12:15 AM

Northern Ireland’s Democratic Unionist Party says it won’t be bullied into backing Prime Minister Theresa May’s “toxic” European Union divorce deal, increasing the odds against the agreement getting passed in Parliament. The party’s Brexit...

Published:Wednesday | March 27, 2019 | 12:13 AMHuntley Medley/Senior Business Writer

Regional head of the Inter-American Development Bank, IDB, in charge of Latin America and the Caribbean Therese Turner-Jones, is holding up the European country of Estonia as a model for Jamaica, insisting that greater investment in technology and...

Published:Wednesday | March 27, 2019 | 12:12 AM

The European Commission has ignored United States (US) calls to ban Chinese tech supplier Huawei as it announced a series of new cybersecurity recommendations for next-generation mobile networks. In its guidance for the roll-out of ultra fast fifth...

Published:Wednesday | March 27, 2019 | 12:11 AM

With the date and terms of Britain’s departure from the European Union (EU) mired in uncertainty, Parliament has seized control of the political process so lawmakers can try to hammer out a way forward. Meanwhile, Prime Minister Theresa May still...

Published:Wednesday | March 27, 2019 | 12:10 AM

Homebuyers will pay lower government fees but not necessarily receive lower-priced homes as a result of the Government’s slashing of transfer and stamp duties, say experts. Developers and sellers will eventually price these saving into the cost of...

Published:Wednesday | March 27, 2019 | 12:07 AMSteven Jackson/Business Reporter

Third-quarter revenue at the Jamaica Broilers Group (JBG) grew by double-digits but costs contained profits to single-digit growth. Earnings per share totalled 73 cents for the quarter ending January 2019 versus $61 cents a year earlier. The group...

Published:Wednesday | March 27, 2019 | 12:05 AMAvia Collinder/Business Reporter

Executive Director of the Insurance Association of Jamaica (IAJ), Orville Johnson, said the Financial Services Commission (FSC) is developing a new investment framework for insurance companies, but that is being preceded by a quantitative impact...

Published:Tuesday | March 26, 2019 | 12:10 AM

Britain has just a few weeks to break its Brexit impasse, with the fate of the country’s departure from the European Union, and of Prime Minister Theresa May, both hanging in the balance. Here’s a look at what might happen next: DEAL OR NO DEAL...

Published:Sunday | March 24, 2019 | 1:53 AMAvia Collinder - Business Reporter

Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried. One of the top companies in the field, Access Financial Services Limited, warned this week...

Published:Sunday | March 24, 2019 | 12:24 AM

ADVISORY COLUMN: INSURANCE HELPLINE Reports in this newspaper spaced almost 10 years apart record an ongoing debate about whether epileptics are fit to drive. Those arguing for include the Jamaica Epilepsy Association. Road safety officials in the...

Published:Sunday | March 24, 2019 | 12:23 AM

COLUMN: CARIBBEAN FOREIGN POLICY It is probably without precedent for a major Caribbean industry to declare that unless Caricom’s Common External Tariff, the CET, is properly enforced, the livelihoods of hundreds of thousands of rural and other...

Published:Sunday | March 24, 2019 | 12:23 AM

ADVISORY COLUMN: PRODUCTIVITY Why do some executives resist making long-term plans for their business? The hidden secret is a deep fear of failure, but there’s a way to be confident about the top team’s quality of visionary thinking. Vague...

Published:Sunday | March 24, 2019 | 12:21 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I have a friend in Jamaica right now looking to get a mortgage. Can you help or send him in the right direction? – Keith FINANCIAL ADVISER: The main mortgage lending institutions in Jamaica...

Published:Sunday | March 24, 2019 | 12:11 AM

Jamaican Teas Limited has hived off its investment portfolio, inclusive of the KIW International holdings, into a new subsidiary that is to be listed on the stock market. Jamaican Teas chairman John Jackson says the preparations are ongoing for an...

Published:Sunday | March 24, 2019 | 12:11 AM

Barita Investments Limited will enter the investment banking market, a move meant to shore up revenues that are pressured by falling ­interest rates. “It is a new line of fee income business that is not traditional at Barita. We want to bring that...

Published:Sunday | March 24, 2019 | 12:10 AM

Jamaican Teas is looking to tap into a more sophisticated market for its teas and expand its portfolio of ­manufactured products beyond beverages, a decision that Marketing Manager Charles Barrett says was driven by ­consumption surveys. The push...

Published:Sunday | March 24, 2019 | 12:09 AM

Google unveiled a ­video-game streaming platform called Stadia, last week, positioning itself to take on the traditional video-game business. The platform will store a game-playing session in the cloud and lets players jump across devices operating...

Published:Saturday | March 23, 2019 | 12:22 AMAvia Collinder - Business Reporter

Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried. One of the top companies in the field, Access Financial Services Limited, warned this week...

Published:Friday | March 22, 2019 | 12:23 AM

Insurance company Guardian Life broke ground for its second high-rise development in two years, a 176-unit luxury apartment complex costing $4 billion, to be known as The Cambridge. Its first, the 66-unit Hampshire, located in proximity to the...

Published:Friday | March 22, 2019 | 12:21 AMAvia Collinder - Business Reporter

First Global Bank has created a hub to serve small and medium enterprises that are attempting to scale up their operations. President and CEO Mariame McIntosh Robinson, who announced the creation of The FGB SME Hub at First Global annual SME...

Published:Friday | March 22, 2019 | 12:21 AM

United Kingdom companies have ratcheted up their preparations for a disorderly no-deal Brexit as best they can over the past couple of months, the Bank of England said Thursday. With the prospect of a chaotic Brexit potentially eight days away, a...

Published:Friday | March 22, 2019 | 12:20 AMHuntley Medley - Senior Business Writer

Jamaica has benefited from, or is in the process of cashing in on, loans and other public- and private-sector development financing from the Inter-American Development Bank, IDB, amounting to more than US$5.1 billion for the 50 years of the bank’s...

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