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Business

Published:Monday | June 22, 2020 | 5:22 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Monday with an advance/decline ratio of 36/25. The index moved up by 2,657.51 points or 0.71 per cent to close at 376,278.56 The JSE Main Market Index advanced by 3,133.74 points or 0.83...

Published:Sunday | June 21, 2020 | 12:33 AM

ADVISORY COLUMN: RISKS...

Published:Sunday | June 21, 2020 | 12:33 AM

ADVISORY COLUMN: SMALL BUSINESS Never waste a crisis. It’s a saying that has gained popularity in some quarters since the COVID-19 pandemic has gripped the world and one that every business should consider. One of the most important questions...

Published:Sunday | June 21, 2020 | 12:32 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: What do you think about family indemnity plans? – Kemoy FINANCIAL ADVISER: A family indemnity plan is a group insurance plan that provides a lump-sum payment on the death of up to six family...

Published:Sunday | June 21, 2020 | 12:21 AM

Jeffrey Hall, managing director of Jamaica Producers Group Limited, JPG, has hinted at two acquisitions that the company is looking to close in Europe and the Caribbean. The conglomerate has been chasing leads since at least last year after...

Published:Sunday | June 21, 2020 | 12:19 AM

President and CEO of the Victoria Mutual Group, Courtney Campbell, said COVID-19 will have a financial impact on the group, but they have put in place cost saving measures to ameliorate any fallout. “If our members and clients are impacted it will...

Published:Sunday | June 21, 2020 | 12:14 AM

Jamaicans are paying more for light as a share of disposable income than in most developing countries, according to a new report. Jamaica ranked 14th among 115 countries, but the highest among developing nations, according to the report titled...

Published:Friday | June 19, 2020 | 10:00 AM

The Jamaica Stock Exchange (JSE) Combined Index again regained lost ground on Thursday in moderate trading, with an advance/decline ratio of 39/24. The JSE Combined Index ticked up 972.05points or 0.26 per cent to close at 379,320.44. The JSE Main...

Published:Friday | June 19, 2020 | 12:26 AM

Chairman of Kingston Wharves Limited, KWL, Jeffrey Hall says the port company’s capital base and liquidity are strong, and is confident they can sustain all core operations for the likely duration of the worst effects of the COVID-19 pandemic. At...

Published:Friday | June 19, 2020 | 12:22 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER New York Governor Andrew Cuomo has repeatedly said that the wearing of face masks is an act of love. Although it will not protect the person from contracting the coronavirus, it reduces the chances that...

Published:Friday | June 19, 2020 | 12:19 AM

European countries are slamming the Trump administration’s withdrawal from negotiations on a major digital services tax. French Finance Minister Bruno Le Maire, speaking on France Inter, called it a “provocation” and said France will still...

Published:Friday | June 19, 2020 | 12:19 AM

The Panama Canal reported a 21 per cent drop in the number of ships crossing the waterway in May amid the coronavirus pandemic, compared to projections for traffic. Just 937 ships used the canal last month, while there were 260 cancellations of...

Published:Friday | June 19, 2020 | 12:19 AMKarena Bennett - Business Reporter

Investment promotion agency Jampro has pushed agriculture to the top of its agenda as a first step in getting foreign direct investments, FDI, flowing back into Jamaica post COVID-19. Over the past three years, Jampro has largely secured...

Published:Friday | June 19, 2020 | 12:11 AM

Toll collections in June is up over May but still trailing last year, TransJamaican Highway Limited said in a market filing. The toll road operator expects gradual recovery in business for the first half of the year, but provided no outlook beyond...

Published:Friday | June 19, 2020 | 12:08 AMNeville Graham - Business Reporter

Bread maker Consoli-dated Bakeries, which trades as Purity Bakery, racked up $12.49 million in losses last year, despite a six per cent gain in revenues. It represented a near 200 per cent decline in earnings for the company that made a profit of...

Published:Thursday | June 18, 2020 | 4:45 PM

Having secured approval from the court in Bermuda of its debt-restructuring scheme, and the sanction of an American court giving recognition to it in the United States, Digicel Group said it expects to finalise the bond swap next week. The company...

Published:Thursday | June 18, 2020 | 9:24 AM

The Jamaica Stock Exchange (JSE) Combined Index regained lost ground on Wednesday in heavy trading, with an advance/decline ratio of 29/30. The JSE Combined Index ticked up 4,048.48 points or 1.08 per cent to close at 378,348.39. The JSE Main...

Published:Thursday | June 18, 2020 | 12:06 AM

Inflation in the United Kingdom fell to its lowest level in four years in May following a big coronavirus-related drop in prices at the pump, official figures showed Wednesday in a development that’s bolstered expectations of another sizeable...

Published:Wednesday | June 17, 2020 | 9:32 AM

The Jamaica Stock Exchange (JSE) Combined Index ticked down slightly on Tuesday with an advance/decline ratio of 38/25. The index was barely down 262.09points or 0.07 per cent to close at 374,299.91. The JSE Main Market Index was down 520.97 points...

Published:Wednesday | June 17, 2020 | 12:18 AM

The Port Authority of Jamaica, PAJ, aims in the medium term to lease lots at the Kingston Port to logistics companies willing to invest. PAJ Vice-President for Business Development Edmond Marsh said at a webinar on Tuesday that the agency would be...

Published:Wednesday | June 17, 2020 | 12:16 AM

Sagicor Real Estate X Fund Limited posted nearly $4.5 billion in losses for the March first quarter, mainly due to a write-down of the value of its investment in the Playa Hotels...

Published:Wednesday | June 17, 2020 | 12:15 AM

Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially disrupting global trade, the International Transport...

Published:Wednesday | June 17, 2020 | 12:15 AM

Federal Reserve Chairman Jerome Powell warned Tuesday that the United States economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery. He cautioned that the longer the recession lasts, the worse the...

Published:Wednesday | June 17, 2020 | 12:13 AM

Two weeks ago, US Secretary of State Mike Pompeo issued a strongly worded announcement that the Trump administration was prohibiting business with Fincimex, a Cuban state corporation that works with foreign credit card and money-transfer businesses...

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