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Business

Published:Wednesday | April 21, 2021 | 12:05 AMSteven Jackson - Senior Business Reporter

Marigold Jamaica, which operates a herb house in Kingston, has bought out its Canadian partner Aphria for an undisclosed sum, market filings show. “We parted ways with Aphria,” Lloyd Tomlinson, principal owner of Marigold, confirmed in an interview...

Published:Tuesday | April 20, 2021 | 12:26 AM

Sales are steadily improving at Coca-Cola Company as vaccinations allow for the opening of restaurants and offices in many regions globally. Coke historically had booked half its sales from restaurants, stadiums and other public places. The...

Published:Sunday | April 18, 2021 | 12:18 AM

Raul Castro said Friday he is resigning as head of Cuba’s Communist Party, ending an era of formal leadership by he and his brother Fidel Castro that began with the 1959 revolution. The 89-year-old Castro made the announcement Friday in a speech at...

Published:Sunday | April 18, 2021 | 12:17 AMHuntley Medley - Associate Business Editor

In a new marker for central banking in Jamaica, the amended Bank of Jamaica Act took effect on Friday, April 16, giving the BOJ full independence to craft policy based on its priorities for the monetary system. On the eve of the new law taking...

Published:Sunday | April 18, 2021 | 12:17 AM

There have recently been reports of disputes arising in the workplace over the reluctance of employees to abide by an instruction from the employer to be vaccinated for COVID-19 or resign. So far, much has been said in various fora about the...

Published:Sunday | April 18, 2021 | 12:16 AM

Recently published visitor arrival figures indicate that Caribbean tourism has started down the long road to recovery. Following a disastrous 2020, during which governments closed borders to try to halt the spread of COVID-19 and months when the...

Published:Sunday | April 18, 2021 | 12:16 AM

If you’re the leader of an organisation, what should you do when you develop an exciting, fresh strategic direction for your company? Before you rush in, take caution. You could do more bad than good if you don’t proceed carefully. Imagine yourself...

Published:Sunday | April 18, 2021 | 12:15 AM

QUESTION: What are your thoughts on young people being financially educated? Not for the person who wants to become an accountant, but wouldn’t it be beneficial to the country if children could learn finance as part of their curriculum like...

Published:Sunday | April 18, 2021 | 12:08 AMHuntley Medley - Associate Business Editor

Two market-dominant liquor companies that are European-owned say they are abiding by the raft of laws and regulations passed by the European Union over the years to ensure not just equal pay for men and women doing similar work, but also...

Published:Sunday | April 18, 2021 | 12:07 AM

National Commercial Bank Jamaica, NCB, has split its Corporate, Commercial and Consumer Banking Division into two units, one of which will be run by returnee Sheree Martin. Effective April 12, Martin, who rejoined the bank in 2020 after several...

Published:Sunday | April 18, 2021 | 12:05 AM

Today’s column is dedicated to my late wife, Jillian. What connection does her death – which occurred last Saturday while I was at the National Arena protecting myself against the risk of getting COVID-19 – have to do with the subject of this...

Published:Friday | April 16, 2021 | 4:49 PM

The Jamaica Stock Exchange (JSE) Combined Index ended the week continuing its winning streak again, advancing marginally. After another heavy trading session, the advance/decline ratio was 37/30. The JSE Combined Index advanced by 905.85...

Published:Friday | April 16, 2021 | 12:18 AM

Jobs continue to elude Jamaicans and household incomes were slashed amid an overall contraction in the economy, the Statistical Institute of Jamaica reported on Thursday with the release of its most recent quarterly Labour Force Survey. The number...

Published:Friday | April 16, 2021 | 12:18 AMHuntley Medley - Associate Business Editor

Armed with US$30 million in fresh cash from its recent additional share offer, Proven Investments Limited has stepped up its Caribbean build-out of portfolio companies with the outright purchase of Heritage Education Funds International Inc....

Published:Friday | April 16, 2021 | 12:17 AM

Small enterprises have a new diagnostic tool to work with as they try to establish and grow their businesses. The Honey Bun Foundation has partnered with Digicel Foundation and others to develop and deploy Gapp App, through which small business, or...

Published:Friday | April 16, 2021 | 12:17 AM

The leader of Honduras' Private Business Council said on Wednesday that businessmen will try to buy as many as 1.5 million doses of coronavirus vaccines to assist in government vaccination efforts. Council President Juan Carlos Sikaffy said the...

Published:Friday | April 16, 2021 | 12:16 AM

Delta Air Lines lost US$1.2 billion in the first quarter, but executives said on Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues. CEO Ed Bastian said on Thursday that ticket sales have...

Published:Friday | April 16, 2021 | 12:16 AMNeville Graham - Business Reporter

W ith more than two thousand participating companies so far, the e-commerce platform that kept food companies and other retailers connected to customers during the three-week soft lockdown to bend the COVID curve, is soon to broaden its footprint...

Published:Friday | April 16, 2021 | 12:16 AMSteven Jackson - Senior Business Reporter

Angella Rainford, the businesswoman who conceptualised and led the development of Jamaica’s largest solar farm at Paradise Park in Westmoreland, has set up a new venture, Soleco Energy Limited, to fund solar power solutions for companies in the...

Published:Friday | April 16, 2021 | 12:15 AM

Citizens of the Caribbean are fully aware of the challenges we face. They know that governments across the region are financially stretched, which has been further accentuated by the COVID-19 pandemic. Our citizens also know we have limited access...

Published:Thursday | April 15, 2021 | 4:23 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Thursday continuing its winning streak advancing marginally. After a heavy trading session, the advance/decline ratio was 45/28. The JSE Combined Index advanced by 617.86 points or 0.16...

Published:Thursday | April 15, 2021 | 12:14 AM

In line with its ambition to make Europe a greener place, the European Union wants to drastically reduce gas emission from transport by 2050 and promote electric cars. But according to a report from the bloc’s external auditor, it is lacking the...

Published:Wednesday | April 14, 2021 | 4:12 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday continuing its winning streak. Once again, a slow trading session ended with an advance/decline ratio of 35/34. The JSE Combined Index advanced by 2,716.22 points or 0.69 per cent to...

Published:Wednesday | April 14, 2021 | 5:43 AMNeville Graham/Business Reporter

Dolphin Cove is starting a shift in customer traffic back towards more foreign visitors, but is still far from a full recovery of the most lucrative segment of its market. The company has been mostly reliant on locals for business since the COVID...

Published:Wednesday | April 14, 2021 | 5:38 AM

It is a simple question, but most people do not understand what it means. So, let us look at some basic information insurance companies need in order to evaluate whether you are approved, rated or declined for your first or subsequent policies. In...

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