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Business

Published:Wednesday | November 3, 2021 | 12:08 AMHuntley Medley/ - Associate Business Editor

A year ago, in the midst of the COVID-19 pandemic, then 31-year-old entrepreneur and computer programmer Kareem Jennings diversified his party-promoting and printing business, launching The PLUG online platform designed to drive sales and improve...

Published:Wednesday | November 3, 2021 | 12:07 AM

The Jamaican company, AMJ, has signed a five-year agreement with the National Agricultural Research and Extension Institute, NAREI, for the processing and packaging of spices and seasonings at Hope Estate in Demerara, Guyana. The agreement, signed...

Published:Wednesday | November 3, 2021 | 12:07 AMMaureen Santos and Linda Schneider/Guest Columnists

It may seem as if the world is finally taking the climate crisis seriously, judging by the number of pledges to reach ‘net-zero emissions’. Among the major emitters, both the United States and the European Union have promised to achieve this goal...

Published:Wednesday | November 3, 2021 | 12:06 AM

World leaders promised to protect the world’s forests, cut methane emissions and help South Africa wean itself off coal at the United Nations climate summit Tuesday – part of a flurry of deals intended to avert catastrophic global warming. Britain...

Published:Wednesday | November 3, 2021 | 12:06 AM

China’s Huawei Technologies Company is providing smart services and 5G technology to industries such as healthcare, creating new revenue streams that might offset the damage to its smartphone business from United States sanctions. In the southern...

Published:Wednesday | November 3, 2021 | 12:06 AM

The Jamalco refinery recorded a US$7.6-million loss, or about $1.2 billion in local currency, in the September quarter, when its alumina plans at Hayes, Clarendon, was hobbled by fire. Production dropped by half to 300,000 tonnes during the July-...

Published:Wednesday | November 3, 2021 | 12:06 AM

Yahoo Inc said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company’s services were already blocked by China’s digital censorship. But recent...

Published:Wednesday | November 3, 2021 | 12:06 AM

Belize has resumed shipment of corn to Guatemala, 13 years after the last shipment, even though the two countries have signed a preferential trade agreement in 2006 that came into effect four years later. A consignment of grain destined for...

Published:Wednesday | November 3, 2021 | 12:06 AM

Barbados is to establish a green bank that will facilitate private investment in domestic low-carbon, climate-resilient infrastructure. “We’ve started the discussions with them [officials of the Green Climate Fund] on the absolute necessity for a...

Published:Wednesday | November 3, 2021 | 12:06 AM

The Guyana government says the China Railway Group Limited, which was initially selected to construct the Amaila Falls hydropower project in 2012, has now been granted approval to construct the renewable energy project. A statement issued by the...

Published:Wednesday | November 3, 2021 | 12:06 AM

The International Monetary Fund, IMF, says that the impact the COVID-19 pandemic on the economy of St Kitts-Nevis has been “severe”, and will need a resurgence of tourism activity to recover. Following consultations with twin-island federation, the...

Published:Tuesday | November 2, 2021 | 4:45 PM

The Jamaica Stock Exchange (JSE) Combined Index continued its weeks-long bear run on Tuesday, inching down on moderate trading, with an advance/decline ratio of 43/35. The JSE Combined Index declined by 372.62 points or 0.09 per cent to close at...

Published:Tuesday | November 2, 2021 | 12:09 AM

World leaders turned up the heat and resorted to end-of-the-world rhetoric on Monday in an attempt to bring new urgency to sputtering international climate negotiations. The metaphors were dramatic and mixed at the start of the talks, known as...

Published:Monday | November 1, 2021 | 4:38 PM

The Jamaica Stock Exchange (JSE) Combined Index continued its bear run on Monday, ending marginally down on active trading with an advance/decline ratio of 50/39. The JSE Combined Index declined by 1,131.94 points or 0.28 per cent to close at 407,...

Published:Sunday | October 31, 2021 | 12:09 AM

Jamaica Broilers Group, JBG, has backed out of a decision to acquire the assets of a US-based poultry processor, with the single reason given to shareholders by President and CEO Chris Levy being that the process was “complicated”. The poultry...

Published:Sunday | October 31, 2021 | 12:08 AMKarena Bennett - Business Reporter

The National Housing Trust, NHT, state provider of affordable homes and mortgages, came under heavy criticism when it first proposed to sell the long-waited Ruthven Towers apartments for $16 million to $22 million, prices that were seen as more...

Published:Sunday | October 31, 2021 | 12:07 AM

The United States wants to deepen its relationship with Taiwan, the self-ruled island that has become a major point of conflict in the strained US-China relationship, and will work to counter Beijing’s “malign” influence, a US diplomat said Friday...

Published:Sunday | October 31, 2021 | 12:07 AM

Prime Minister Boris Johnson on Friday renewed Britain’s threat to break from part of the Brexit divorce deal that he signed with the European Union unless a dispute over Northern Ireland trade is resolved. The United Kingdom has threatened to...

Published:Sunday | October 31, 2021 | 12:07 AM

If you have been asked to create a multiday, online event, you may want it to be everything a live event should be. But you could also be wondering: Should it try to mimic a face-to-face experience? And what does success even look like in this...

Published:Sunday | October 31, 2021 | 12:07 AM

QUESTION: How do you estimate the rate of return on your entire portfolio given the different asset classes? While bonds, rental real estate, cumulative preference shares are easy to estimate, what about stocks where the rate of return is based on...

Published:Sunday | October 31, 2021 | 12:06 AM

Resilience is a word that Prime Minister Andrew Holness often uses. He picked that expression in a November 2017 climate change speech. He used it again in June 2018 when he spoke at the Outreach Session of the G7 Summit in Quebec, Canada. “...

Published:Sunday | October 31, 2021 | 12:06 AMHuntley Medley - Associate Business Editor

NCB Financial Group (NCBFG) has created a new fintech company, TFOB (2021) Limited, staffed with tech-savvy IT and data analytics professionals, to build out its newest project, the Lynk payment platform that will be a conduit for the bank’s...

Published:Friday | October 29, 2021 | 12:10 AM

The Belize government says it will be able to wipe away a significant amount that the country owes external creditors by retiring all of its US dollar bonds due in 2034. The Caribbean country is looking to restructure a US$572 million superbond...

Published:Friday | October 29, 2021 | 12:10 AM

An Idaho company that successfully brought genetically modified potatoes to the market announced an agreement on Thursday to help a California-based, plant-breeding company grow strawberries they say will stay fresh longer and have a longer...

Published:Friday | October 29, 2021 | 12:09 AM

ExxonMobil’s chief executive said on Thursday that his company “does not spread disinformation regarding climate change,″ as he and other oil company chiefs countered congressional allegations that the industry concealed evidence about the dangers...

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