Published:Wednesday | September 30, 2020 | 12:06 AM
A debit card backed by remittances that recently became popular in Cuba because people can use it to buy home appliances, food and replacement parts has landed on the United States government’s restricted list. US Secretary of State Mike Pompeo...
Published:Wednesday | September 30, 2020 | 12:05 AM
Uber can keep operating in London for another year and a half after winning its appeal of a decision by the British capital’s transit regulator not to renew its licence. The San Francisco-based ride-hailing company had challenged Transport for...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday again marginally losing ground, with an advance/decline ratio of 27/40. The JSE Combined Index declined by 70.83 points or 0.02 per cent to close at 369,057.00. The JSE Main Market...
Energy storage company Tropical Battery, whose initial public offering opened and closed on the same day last week, will be listing preference shares on the Jamaica Stock Exchange (JSE) tomorrow. The Gleaner understands that TransJamaican Highway,...
The European Commission says it is appealing a court decision that Apple doesn’t have to repay €13 billion (US$15 billion) in back taxes to Ireland. The appeal comes after the American tech giant scored a big, recent legal victory in its long...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am enquiring about the Jamaica Stock Exchange as I would like to invest in the market using a broker that can manage my portfolio with reasonable costs and with a level of diligence. I want...
ADVISORY COLUMN: SMALL BUSINESS In my last column, published on September 13, I shared ideas and advice on how those who’ve lost jobs to the pandemic may pivot, upskill, and strategically rebrand to find scarce job opportunities amid the crisis....
A Chinese health official said Friday that the country’s annual production capacity for coronavirus vaccines will top one billion doses next year, following an aggressive government support programme for the construction of new factories. Capacity...
Derrimon Trading is looking to roll out a new information technology system that will bring its own accounting system and that of its subsidiaries under one platform. But it’s just one of the projects being worked on by the distribution company....
Keith Duncan, chairman of the Economic Programme Oversight Committee, EPOC, government is on track to meet the quantitative performance targets for its economic reform programme for end-June 2020, based on the preliminary numbers. The Holness...
By the time Seprod Limited completes the build-out of its logistics centre, the company would have shelled out at least $2.5 billion to set up the distribution hub, according to CEO Richard Pandohie. The first tranche of $1 billion has already been...
As the world prepares for the post-pandemic era, the quest for sustainable economic growth is becoming ever more intense – especially for developing countries. It is tempting to call for these countries – the main engine of global growth in recent...
James Rawle has been named deputy executive chairman for Lasco Distributors and Lasco Manufacturing Limited, filling two of the three vacancies created by Peter Chin’s departure more than a year ago. Chin, who was managing director and deputy...
Companies that cater to the ‘new normal’ of working and shopping from home are rushing to go public. The year 2020 could turn out to be the best for the IPO market in two decades in the United States. Newly public companies have piggybacked on the...
Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for “fair treatment” in the way the tech giants run their app stores. The Coalition for App Fairness, a Washington-based non-...
An invisible workforce of millions of labourers from some of the poorest corners of Asia toil in the palm oil industry, many of them enduring various forms of exploitation, with the most serious abuses including child labour, outright slavery and...
Marine park operator Dolphin Cove says it is now earning enough to cover expenses as interest in leisure rebounds, particularly from the American market. Since reopening in July, after the COVID lockdown, the dolphin attraction has been catering...
Regional insurance powerhouse Guardian Holdings Limited, GHL, aims to raise $13.4 billion in a corporate bond offer in Jamaica that closes today, Friday. The company, based n Trinidad...
Food and logistics conglomerate Jamaica Producers Group Limited, JPG, inked a deal to sell its holdings in an associated property company for $1.9 billion. JP is offloading its 22.1 per cent interest in SAJE Logistics and Infrastructure Limited,...
Holding true to its laid-back and permissive image, Hedonism II in Negril has added a therapeutic element to its product line in the form of a medical marijuana dispensary. The herb house, called HedoWeedo, had a soft opening on July 10, making...
CAC 2000 Limited, which provides industrial air-cooling solutions, pivoted into a new revenue stream spawned by the coronavirus that has already resulted in higher earnings and the rise of its stock price. The company launched an indoor...
Rainforest Seafoods will start installing a 1.5-megawatt natural gas power plant in Kingston next week, taking another step towards energy independence. The company will set up three 500-kilowatt turbines that will feed on natural gas. The plant...
The Jamaica Stock Exchange’s Main Index, when mapped on a chart, shows the formation of the largest bearish pattern in 25 years. The formation, which takes the classic head-and-shoulder shape of a market in transition, shows Jamaican stocks...
Food marketing company Nestlé Jamaica has entered the powdered milk market under the Nestlé Everyday brand. The product will compete with two other brands of powdered milk on the market, Lasco LaSoy and Anchor. Nestlé had earlier this year re-...
