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Business

Published:Monday | January 24, 2022 | 4:42 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Monday recovering lost ground, advancing marginally. The moderate trading ended with an advance/decline ratio of 50/35. The JSE Combined Index advanced by 1,486.46 points or 0.37 per cent to...

Published:Monday | January 24, 2022 | 3:16 PM

ISP Finance Services still harbours ambitions to grow by way of acquisitions. “You can expect to get some good news from us in the first quarter. It’s just a question of timing. We were not able to complete some of the negotiations, but once it’s...

Published:Sunday | January 23, 2022 | 12:11 AM

Have you ever been stuck in a strategic-planning session, complaining to yourself that “this is nothing more than a continuation of old, tired thoughts?” You know you need to intervene and somehow shift the level of thinking, but you don’t know...

Published:Sunday | January 23, 2022 | 12:10 AM

Question: I’m interested in buying some stocks, but I don’t know where to start. I saw your email address on the Internet, so I’m writing to find out more. – Shane In Jamaica, shares trade on the Jamaica Stock Exchange (JSE), which is a...

Published:Sunday | January 23, 2022 | 12:10 AM

Fast-food chain McDonald’s is expanding sales of its meatless McPlant burger to hundreds of locations in the United States. The company said the McPlant, which it co-developed with plant-based protein company Beyond Meat, will be sold at 600 stores...

Published:Sunday | January 23, 2022 | 12:10 AM

Israel’s attorney general said on Thursday that he was launching an investigation into Israeli police’s use of phone surveillance technology following reports that investigators improperly tracked targets without authorisation. In a four-page...

Published:Sunday | January 23, 2022 | 12:10 AM

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video-streaming leader. The...

Published:Sunday | January 23, 2022 | 12:10 AM

French energy conglomerate TotalEnergies has asked the American and French governments to support targeted sanctions against Myanmar’s oil and gas funds, the largest single source of income for the country’s military leaders. In a letter to Human...

Published:Sunday | January 23, 2022 | 12:06 AM

Real estate financing firm, Sygnus Real Estate Finance, SRF, which chalked up a $100 million loss for the quarter ended November 30, 2021, is now leading the buildout of an industrial and logistics park in the Lakes Pen area of St Andrew that was...

Published:Sunday | January 23, 2022 | 12:06 AM

Regional payment portal provider WiPay Caribbean, which has been ramping up its business in Jamaica in recent times, hopes to later this year offer its clients in Jamaica and elsewhere in the Caribbean, the opportunity to use its payment platform...

Published:Sunday | January 23, 2022 | 12:06 AMKarena Bennett and Neville Graham - Business Reporters

Listed junior market company SSL Venture Capital Jamaica Limited, SSL Ventures, has received a takeover offer that could see the acquiring party purchasing 100 per cent shareholding in the company, in a deal expected to close in early April. The...

Published:Sunday | January 23, 2022 | 12:06 AM

Although the pandemic has caused upheavals and hardship around the world, it has fallen particularly hard on low- and middle-income countries (LMICs). Vaccine availability has been far more limited in LMICs than in rich countries, and the...

Published:Sunday | January 23, 2022 | 12:06 AM

Peloton’s shares tumbled on Thursday after a media report said the exercise and treadmill company was temporarily halting production of its connected fitness products amid waning consumer demand. Shares fell nearly 24 per cent, or US$7.62 to US$24...

Published:Sunday | January 23, 2022 | 12:06 AM

New York City’s new mayor, Eric Adams, plans to convert his first paycheque into two cryptocurrencies, which he has been hyping as a potential economic engine for the city. The Democrat’s office announced on Thursday, January 20, that Adams’ first...

Published:Sunday | January 23, 2022 | 12:05 AM

The shortage of parts caused by the coronavirus pandemic is further denting production at Toyota, Japan’s top automaker. Production at 11 plants in Japan were scheduled to be halted beween last Friday and Monday of this week Toyota Motor Corp said...

Published:Friday | January 21, 2022 | 12:10 AM

F irst, Amazon competed with malls. Now, it’s moving inside one. The online retailing giant said Thursday that it plans to open a clothing store in a Southern California mall later this year. It’s the latest foray into brick-and-mortar for Amazon...

Published:Friday | January 21, 2022 | 12:09 AM

Online companies would have to ramp up efforts to keep harmful content off their platforms and take other steps to protect users under rules that European Union lawmakers approved Thursday. The 27-nation bloc has gained a reputation as a...

Published:Friday | January 21, 2022 | 12:08 AM

In 2008, as the global financial crisis was ravaging economies everywhere, Queen Elizabeth II, visiting the London School of Economics, famously asked: “Why did nobody see it coming?” The high inflation of 2021 – especially in the United States,...

Published:Friday | January 21, 2022 | 12:08 AMHuntley Medley - Associate Business Editor

One year after creditors called their investment for non-payment of bond interest, the takeover of the assets of indebted attractions owner and operator Mystic Mountain Limited, MML, was averted on Tuesday when a ruling was handed down in the...

Published:Friday | January 21, 2022 | 12:08 AM

P remium rum brand Appleton, produced by J. Wray...

Published:Friday | January 21, 2022 | 12:07 AM

D errimon Trading Company has acquired the business and assets of Spicy Hill Farms, a Trelawny-based business that deals in the manufacturing of dried agricultural products, soup and spice mixes. The new subsidiary will be the first food...

Published:Friday | January 21, 2022 | 12:07 AMKarena Bennett - Business Reporter

T he Royal Jamaican ginger-flavoured beer is back in production after a three-year hiatus, and in its comeback the owners are aiming for markets both inside and outside Jamaica. Founders of RJ Rums and Spirits, Rick Anand and Peter Wong, have...

Published:Friday | January 21, 2022 | 12:07 AM

Paramount Trading Jamaica grew revenue by 31 per cent in the second quarter ending November 2021, to $401 million, which narrowly missed the level of inflows in the pre-pandemic period by $7 million. Its quarterly profits, however, outpaced the...

Published:Thursday | January 20, 2022 | 3:38 PM

Adrian Stokes will remain in the financial sector following his exit from Scotia Group Jamaica, SGJ, a month from now, but the strategist is not saying what his next role would entail. “It is a move I consider to be of long-term strategic value. I...

Published:Thursday | January 20, 2022 | 11:17 AM

Derrimon Trading has acquired 100 per cent ownership of Spicy Hill Farms. The announcement was made by the company in a statement to the Jamaica Stock Exchange. The Trelawny-based Spicy Hill Farms, an award-winning manufacturer of the authentic...

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