The pandemic has slashed the share of profit that PanJam Investments Limited would normally earn, but some of that decline was offset by steady income from real estate. Property usually accounts for 15 per cent of PanJam’s income, but for the June...
Taiwan declared an e-commerce platform linked to Chinese company Alibaba Group a potential security risk and told its operator on Monday to register as a company from the rival mainland or dispose of its ownership stake. The order adds to mounting...
The Jamaica Stock Exchange (JSE) combined index advanced on Monday with an advance/decline ratio of 25/40. The index moved up by 3,992.41 points or 1.09 per cent to close at 369,645.41. The JSE Main Market Index advanced by 4,093.95 points or 1.11...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I just came across an article online where you responded to a National Housing Trust, NHT, contributor's question and thought I would reach out to you with mine. I live overseas and own an NHT...
ADVISORY COLUMN: PRODUCTIVITY How does a Jamaican executive create a culture of accountability in his or her company? While it is clear that this trait is deeply correlated with success, why is it so hard to inculcate? I remember returning home...
American Airlines will drop flights to 15 smaller United States cities in October when a federal requirement to serve those communities ends. The airline blamed low demand during the coronavirus pandemic, which has triggered a massive slump in air...
Coffee producer Salada Foods Jamaica Limited is again being pressured by the Jamaica Agricultural Commodities Regulatory Authority (JACRA) to add another 20 per cent local coffee to its blended Mountain Peak brand of instant coffee, for which the...
When ride-hailing heavyweights Uber and Lyft and delivery giants Grubhub and Instacart began making shared rides and meals available with a few taps on a smartphone, they transformed the way people work, travel and get food delivered to their homes...
Lasco Financial’s microfinance arm has booked losses of $650 million on impaired loans, a disclosure made in its newly released annual report that better defined the scope of the fallout from the coronavirus that the company first warned about a...
Jamaica’s oldest stockbrokerage is looking to investment banking as its frontier for growth. Barita Investments Limited is looking to raise as much as $13.5 billion on the stock market through an additional public offer, APO, its third big fund...
The Jamaica Stock Exchange (JSE) Combined Index closed Friday on a winning note, with an advance/decline ratio of 38/28. The index advanced by 1,300.76 points or 0.36 per cent to close at 365,653.00 The JSE Main Market Index was up 1,787.12 points...
F our traders at the Bank of Nova Scotia, working from New York, London and Hong Kong, were able to manipulate metals futures contracts for personal and professional gain for eight years. Earlier this week, the Canadian bank, which trades as...
Airbnb filed preliminary paperwork to sell company stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business. The San Francisco company said it submitted a draft registration statement to the...
Earnings for big companies in the United States were historically bad last quarter, and yet still much better than expected. CEOs across the country are almost finished telling investors how their companies fared from April through June, when...
Market investors have already priced in a slower-than-expected recovery for hotel investor Sagicor Real Estate X Fund, which this week posted widening losses of $3.6 billion for the April-June quarter. The company wrote down assets in the quarter,...
Early signs of re-energised sales at Jetcon Corporation were erased with the emergence of the COVID-19 disease. The pre-owned car dealer has now descended into losses, but has a game plan to reverse the bleed that includes putting in fewer orders...
Chief actuary at Actman International Limited, St Elmo Whyte, says the Government should make pension contributions compulsory for Jamaicans as security in their retirement. Contributions to the national pension scheme is compulsory for employed...
FosRich Company Limited has adjusted its credit terms for some customers and implemented a seven-day limit for payment of goods bought on credit across several of its business lines to lower its risk of impairments. The lighting company, which on...
At first glance, they seem like an odd couple. Yet Turkey, a Mediterranean power that often chafes at what it calls Western interventionism, and Venezuela in Latin America, rich in oil and gold but in perpetual crisis and under United States...
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday again on a losing note with an advance/decline ratio of 33/37. The JSE index moved down by 151.37 points or 0.04 per cent to close at 364,352.24 The JSE Main Market Index was down 383....
Target reported recorded-setting sales growth online and at established stores over the past three months, more evidence that big box retailers have become essential points of supply during the pandemic. Online sales surged 195 per cent and same-...
BERKELEY, California (AP) — Apple has become the first US company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like instruments...
Equipment rental and fleet management company Ameco Jamaica is now a part of the Stewart’s Automotive Group, which has rebranded it as JAMECO. The transaction was announced by the seller, American company Fluor, as a US$22 million deal in market...
