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Business

Published:Sunday | December 5, 2021 | 12:07 AM

QUESTION: I recently open an export company and am in the process of getting my export licence, after trying so hard to get a packaging warehouse. I believe I have a great business plan. I have a few loans and, as such, I was trying to get a debt...

Published:Sunday | December 5, 2021 | 12:07 AM

Perhaps your year has been a memorable one so far, or you just want to forget it. Whatever the case, you want 2022 to be better. There are some things worth remembering to set or keep you on a good and productive path. Remember that financial...

Published:Sunday | December 5, 2021 | 12:07 AM

The Indian Supreme Court “rejected a request from insurance companies for more time to develop a mobile application for use nationwide by victims of road accidents, police, motor accident claims tribunals and insurance companies for the speedy...

Published:Sunday | December 5, 2021 | 12:06 AM

Large brokerage NCB Capital Markets Limited issued a positive short-term outlook for the economy, but cautioned that the new omicron variant of the COVID-19 coronavirus could derail growth. “On the positive side, doctors have indicated that...

Published:Sunday | December 5, 2021 | 12:05 AM

Caribbean Cement Company Limited appears to see the royalty payment to Cemex partly as payback, noting that for five years it has benefited from the intellectual property and internal systems of its Mexican parent Cemex for which is received value...

Published:Friday | December 3, 2021 | 4:48 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Friday with an advance/decline ratio of 33/44. The JSE Combined Index advanced by 1,317.16 points or 0.34 per cent to close at 394,477.66. The JSE Main Market Index advanced by 1,523.01...

Published:Friday | December 3, 2021 | 12:09 AM

OPEC and allied oil-producing countries have decided to maintain the amount of oil they pump to the world even as the new omicron variant casts a shadow of uncertainty over the global economic recovery from the coronavirus pandemic. Officials from...

Published:Friday | December 3, 2021 | 12:08 AM

Creditors of indebted The Marketing Counselors Limited are set to receive a final bankruptcy payment in mid-December as part of a proposal to settle debts that originally surpassed $100 million. The company, formerly a top-tier marketing and...

Published:Friday | December 3, 2021 | 12:07 AM

Investors can extract oil in commercial quantities from Jamaica at less than half the most conservative price point needed to break even on new ventures, according to United Oil and Gas Plc, the company currently exploring one of the most...

Published:Friday | December 3, 2021 | 12:07 AM

Adventure park Wata Land Limited, along with its assets, is up for sale for US$2 million, or about $312 million in Jamaican currency. The property spanning 40 acres, half of which is used for the water park, has been on the market for roughly a...

Published:Friday | December 3, 2021 | 12:07 AM

Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic, are being rattled again as countries throw up new barriers to travel in an effort to contain the omicron variant. From...

Published:Friday | December 3, 2021 | 12:07 AMHuntley Medley - Associate Business Editor

Anglin Global Affiliates, AGA, has acquired the multistorey Advantage General building at Market Street in Montego Bay, where the five-year-old Montego Bay-based turnkey property and equipment rental company founded by CEO Omar Anglin, once rented...

Published:Thursday | December 2, 2021 | 4:33 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Thursday with an advance/decline ratio of 29/51. The JSE Combined Index declined by 6,478.30 points or 1.62 per cent to close at 393,160.50. The JSE Main Market Index declined by 6,677.31...

Published:Thursday | December 2, 2021 | 12:07 AM

The United Nations migration agency says the coronavirus pandemic appears to have accelerated “hostile rhetoric” against migrants in the world and “radically altered” mobility, projecting in a new report that travel and other COVID-19-fighting...

Published:Wednesday | December 1, 2021 | 4:53 PM

The Jamaica Stock Exchange (JSE) combined index declined on Wednesday with an advance/decline ratio of 45/31. The JSE Combined Index declined by 2,451.92 points or 0.61 per cent to close at 399,638.80. The JSE Main Market Index declined by 2,729.98...

Published:Wednesday | December 1, 2021 | 2:28 PM

Scotiabank today announced the appointment of Audrey Tugwell Henry to the role of Senior Vice President of its Caribbean North and Central operations effective January 1, 2022. The region includes the islands of The Bahamas, Cayman, Turks...

Published:Wednesday | December 1, 2021 | 12:07 AMKarena Bennett/Business Reporter

Guardsman Armoured Limited, the security, logistics and cash management arm of the Guardsman Group, has rebranded to Beryllium Limited, as it repositions as a more serious player in the outsourcing and technology sectors. Beryllium will be offering...

Published:Wednesday | December 1, 2021 | 12:07 AM

United States Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring, while also raising uncertainty about inflation. The recent increase in delta cases and the emergence of the...

Published:Wednesday | December 1, 2021 | 12:07 AM

The European Union is set to unveil a multibillion-euro plan today, Wednesday, aimed at bolstering the 27-nation bloc’s worldwide infrastructure and influence. The programme is expected to mobilise up to €300 billion (US$341 billion) in public and...

Published:Wednesday | December 1, 2021 | 12:07 AM

France’s government is offering to discuss some autonomy for the French Caribbean island of Guadeloupe, which has been racked by virus-related rioting and strikes that reflect long-running frustrations over inequality with the French mainland. The...

Published:Wednesday | December 1, 2021 | 12:07 AM

Hotel Four Seasons, a long-standing part of Kingston’s hospitality landscape, has been placed on the market for sale by its owners, who are seeking US$16 million, or about $2.5 billion in Jamaican currency, for the property located on Ruthven Road...

Published:Wednesday | December 1, 2021 | 12:07 AM

Rum sales at Worthy Park Estate are above pre-pandemic levels, due to increased distribution locally and overseas. The producer of Rum-Bar products generated 15 per cent more rum sales than in 2020, the start of the coronavirus pandemic, and about...

Published:Wednesday | December 1, 2021 | 12:06 AMKarena Bennett/Business Reporter

Six years after an initial attempt by the Ministry of Agriculture and Fisheries to increase the gene bank of cattle and goats, it has again embarked on a three-year livestock genetic improvement programme, but this time with stricter measures to...

Published:Wednesday | December 1, 2021 | 12:05 AM

From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fuelled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising...

Published:Wednesday | December 1, 2021 | 12:05 AM

Before the COVID-19 pandemic very few of us gave any thought to the global supply chain. Our first indication that something had gone wrong was the rapid increase in the price of consumer goods. Our supermarket bills started a steep climb and items...

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