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Business

Published:Wednesday | August 4, 2021 | 12:08 AM

The chairman of the US Securities and Exchange Commission says investors need more protection in the cryptocurrency market, which he said is “rife with fraud, scams and abuse”. Gary Gensler, appointed by United States President Joe Biden to lead...

Published:Wednesday | August 4, 2021 | 12:07 AM

All of us – workers, householders, business owners, whether of a factory, store or stall, and policymakers – are concerned about the recent rise in the cost of food, transportation and utilities. This rise in prices is a global phenomenon due to...

Published:Wednesday | August 4, 2021 | 12:06 AM

An unnamed financial institution has come to the rescue of the government of Grenada by purchasing a 12-month bond valued at EC$7.7 million at interest rate of three per cent. The funds will be used to settle the outstanding salary increase that...

Published:Wednesday | August 4, 2021 | 12:05 AMJorge Castañeda - Guest Columnist

In the Caribbean, summer is when things happen. As the weather heats up and hurricanes pass through, passions tend to flare and crises erupt. Yet such crises rarely occur in more than one country at a time, and the dangers they pose are generally...

Published:Sunday | August 1, 2021 | 1:33 AMKarena Bennett - Business Reporter

Berger Paints Jamaica Limited is banking on its Boldly Berger campaign to claw back revenue lost to the pandemic, by targeting hospitality businesses that are refurbishing their plants and household spruce-up projects during the peak season for...

Published:Sunday | August 1, 2021 | 1:33 AMSteven Jackson - Senior Business Reporter

NCB Financial Group Limited, Jamaica’s top banking conglomerate, announced plans Friday to release a cash app for money transfers, called Link, its latest digital initiative. Vernon James, the former head of NCB Insurance, will head the venture. “...

Published:Sunday | August 1, 2021 | 1:32 AM

A few days ago, the President of Mexico, Andrés Manuel López Obrador, delivered a speech marking the anniversary of the birth of Simon Bolivar. In it he argued that the time has come for “a new coexistence among all the countries of the Americas”...

Published:Sunday | August 1, 2021 | 1:32 AM

Are there any lessons that we in Jamaica can learn from the June 24, middle-of-the-night collapse of the 40-year-old Florida apartment building, Champlain Towers South? The building was a 12-storey oceanfront condominium. Nearly 100 persons lost...

Published:Sunday | August 1, 2021 | 1:31 AM

Food and financial service conglomerate GraceKennedy Limited increased earnings by a third in the April-June quarter, further demonstrating its capacity to withstand the pandemic. All its operating segments reported improved results, leading to 33...

Published:Sunday | August 1, 2021 | 1:31 AM

QUESTION: Thank you for your great advice throughout the years. Do you have any tips for growing a service-based business in this pandemic? I actually provide multiple services now, however, I do not want you to publish the details. It was hard to...

Published:Sunday | August 1, 2021 | 1:31 AM

QUESTION: I was reading your article that mentioned the NHT Fifteen Plus Loan. As a public-sector employee who seeks to acquire a new house (previous house to be sold as a result of divorce), will I be entitled to the full loan amount available to...

Published:Friday | July 30, 2021 | 4:33 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Friday with an advance/decline ratio of 41/31. The index moved up by 3,153.67 points or 0.75 per cent to close at 426,032.61. The JSE Main Market Index advanced by 3,248.02 points or 0.77...

Published:Friday | July 30, 2021 | 12:12 AM

F uelled by vaccinations and government aid, the United States economy grew at a solid 6.5 per cent annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the...

Published:Friday | July 30, 2021 | 12:10 AM

Robinhood made its own leap into the stock market on Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its shares were falling in their first day of trading. Robinhood Markets’ stock was at US$36.16 as...

Published:Friday | July 30, 2021 | 12:10 AM

American Airlines plans to invest in a Chilean budget airline and sell seats on each other’s flights to help American extend its reach in South America. American said on Thursday that it has signed a letter of intent for the deal with JetSmart....

Published:Friday | July 30, 2021 | 12:10 AM

O utsourced Management Limited, which trades as itel, has acquired Emerge BPO, a regional firm with operations in Guyana and Honduras. Emerge was founded by Adrian Collins and his wife Carole Fletcher in 2008 and currently represents various...

Published:Friday | July 30, 2021 | 12:10 AMKarena Bennett - Business Reporter

Food distributor Everything Fresh Limited, EFresh, has exited the business of animal slaughter and processing of meats after more than two years of negative returns from subsidiary Meat Experts. The company is back to focusing resources on its...

Published:Friday | July 30, 2021 | 12:10 AMHuntley Medley - Associate Business Editor

K enneth Tomlinson of Business Recovery Services Limited has been appointed receiver and empowered by the Supreme Court to recover and distribute the Venezuelan assets in Jamaica — which are mainly monies owed to Caracas and state enterprises — to...

Published:Friday | July 30, 2021 | 12:09 AMKarena Bennett - Business Reporter

Pure National Limited, PNL, the joint venture company formed from the merger of Pure National Ice, Kingston Ice and Happy Ice, says it has poured $120 million into technology and infrastructure to grow the business, adding to the investment...

Published:Friday | July 30, 2021 | 12:09 AMSteven Jackson - Senior Business Reporter

The Jamaica Stock Exchange, JSE, announced that two companies have gained broker licences, upping the network to 15. The JSE also expects by next year to start allowing investors to make money from the fall in prices of certain stocks, otherwise...

Published:Friday | July 30, 2021 | 12:09 AMKarena Bennett - Business Reporter

W eighed down by the lagging effects of its sugar misadventure, manufacturing and distribution company Seprod Limited experienced a narrow one per cent dip in quarterly profit in the second quarter. But it is the unyielding supply chain...

Published:Friday | July 30, 2021 | 12:08 AM

Of the two million people clogging airport security lines and gate areas again each day, one crowd is still largely missing: business travellers. Their absence is noteworthy because they are a key source of revenue and profit, underpinning a...

Published:Thursday | July 29, 2021 | 5:13 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Thursday with an advance/decline ratio of 42/39. The index moved down by 321.07 points or 0.08 per cent to close at 422,878.94. The JSE Main Market Index declined by 405.69...

Published:Thursday | July 29, 2021 | 12:10 AM

Three tech companies that have amassed unparalleled influence while reshaping the way we live released strong earnings results in a flurry late Tuesday. Although Apple, Microsoft and Google owner Alphabet Inc make their money in different ways, the...

Published:Wednesday | July 28, 2021 | 4:48 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Wednesday with an advance/decline ratio of 31/40. The index moved up by 3,456.66 points or 0.82 per cent to close at 423,200.01. The JSE Main Market Index advanced by 3,966.51...

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