ADVISORY COLUMN: PRODUCTIVITY As a result of the pandemic and the recession, are many of your staff members unconsciously ‘working to rule’? In other words, have they reverted to doing the minimum possible to keep their jobs? If so, what can you,...
Virgin Atlantic completed its €1.2 billion (US$1.6 billion) restructuring plan and cut 1,150 jobs on Friday as the airline sought to rebuild following the devastation caused by the COVID-19 pandemic. The deal had been approved by the High Court in...
Investors tend to trade stocks lower during the month of general election, but not so this time around. There was a rise in the JSE Combined Index both on the day of polls and the day after, albeit marginal movements that amounted to less than a...
Developer 138 Student Living Jamaica is considering another arrangement with the Ministry of Health to utilise the room it manages at The University of the West Indies (UWI) as a quarantine zone, as an alternative revenue generator to the business...
The United States trade deficit surged in July to US$63.6 billion, the highest level in 12 years, as imports jumped by a record amount. The US Commerce Department reported that the July deficit, the gap between what America buys and what it sells...
The sight of a huge oil tanker that has taken on water and is leaning to one side off a remote stretch of Venezuela’s coast has triggered international calls for action. After years of neglect, the FSO Nabarima , a rusting hulk full of thick crude...
Food and wine distributor Caribbean Producers Jamaica, CPJ, is holding on to optimism that the fight against the coronavirus will soon yield results. The company, seen as the largest supplier of goods to the tourism and hospitality sector, suffered...
The recent sharp depreciation of the US dollar has led to concerns that it may lose its role as the main global reserve currency. After all, in addition to the US Federal Reserve’s aggressive monetary easing – which threatens to debase the world’s...
Commissioning of the first phase of Pulse’s Villa Ronai expansion was planned for this summer, but the opening has now been pushed back to early 2021. That and other areas of the company’s operations have been disrupted by the coronavirus that...
P harmacy chain Fontana Limited, in an effort to snatch back lost opening hours due to stricter curfews measures, has been depending on e-commerce traffic to drive sales. So far, the strategy is working, so Fontana has ditched its other option of...
Manufacturing and distribution company Wisynco Group Limited will be taking a shot at Jamaica’s beer market as distributor of Budweiser and other foreign brands owned by Anheuser-Busch InBev. This comes as a fourth-quarter dip in revenues put a...
Shareholders have given the nod to PanJam Investment Limited’s plans for an additional public offering of shares, APO, through which the company aims to raise US$100 million ($15 billion). The vote on Tuesday clears the way for the property and...
The Jamaica Stock Exchange, JSE, eked out trading gains on election day within the wider context of the stock market and real economy in decline, due to the contractionary effects of the COVID-19 pandemic. It came amid news from the JSE after...
Virgin Atlantic’s £1.2-billion (US$1.6-billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after the devastation caused by the coronavirus pandemic...
Tuesday, September 1, should have seen Salada changing the formulation of its instant coffee to include 30 per cent Jamaican beans, up from the 10 per cent that its products now incorporate. Instead, the company has turned to the courts for an...
Published:Wednesday | September 2, 2020 | 12:22 AM
Flower growers in Ecuador are trimming back their fields, cutting plants at the root and, in some cases, tossing out piles of colourful blooms entirely as the pandemic delivers a devastating blow to one of the nation’s biggest export industries....
Money transfers to Jamaica are projected to have grown 14 per cent for the June quarter, reflecting a recovery from the initial onslaught of the pandemic, based on Bank of Jamaica, BOJ, preliminary estimates. For the month of June alone,...
The coronavirus pandemic has had a devastating impact on middle-income countries, MICs. With the exception of the United States, the 10 countries with the highest number of COVID-19 cases to date are all MICs. And the same is true for new daily...
Published:Wednesday | September 2, 2020 | 12:20 AM
South Korean prosecutors on Tuesday indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up what could be a protracted legal battle to determine whether the 52-year-old billionaire illegally...
Published:Wednesday | September 2, 2020 | 12:16 AM
A day after its 5-for-1 stock split took effect, Tesla announced plans on Tuesday to sell up to US$5 billion worth of common shares. The electric car and solar panel maker says in a filing with securities regulators that it intends to sell up to 10...
Brokerage house JN Fund Managers Limited last week recommended that its clients participate in the Barita Investments Limited additional public offering of new shares, or APO, but controversy brewed online when a series of tweets implied that the...
The Jamaica Stock Exchange (JSE) Combined Index declined by 6628 points or 1.8 per cent to close at 360,752.6 points with an advance/decline ratio of 26/37 on Tuesday. The JSE Index declined by 6,792.78 points ( 1.83 per cent) to close at 363,489....
On the cusp of a crucial month of negotiations on a post-Brexit trade deal between the European Union, EU, and the United Kingdom, France has lambasted British Prime Minister Boris Johnson’s government for what it sees as deliberate stalling and...
