UDC capital projects ongoing Urban Development Corporation, UDC, says its capital projects are ongoing amid the pandemic, inclusive of the development of Closed Harbour Beach Park in Montego Bay on which it is spending $1.3 billion. The 16-acre...
Nicaraguan President Daniel Ortega blamed new coronavirus-related health monitoring measures taken by neighbouring Costa Rica for his country’s decision Monday to close their two border crossings. In a nationally televised address, Ortega said more...
AT&T said Tuesday it will immediately abandon Venezuela’s pay TV market as American sanctions prohibit its DirecTV platform from broadcasting channels that it is required to carry by the socialist administration of Nicolás Maduro...
FRANKFURT, Germany (AP): Germany’s agreement to share debt with other European Union countries to finance an economic recovery plan is being greeted as an overdue sign of unity in the face of the worst downturn the bloc has ever seen and as a...
Japan plunged into recession in the first quarter as the coronavirus pandemic battered manufacturing, exports and spending, and economists expect worse damage lies ahead. The world’s third-largest economy contracted at a 3.4 per cent annual,...
The Digicel Group says the decision to liquidate one of its affiliates will not affect day to day operations. "It is business as usual,” said a Digicel spokesperson in a statement Monday. Digicel today disclosed details of...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: Corporate and sovereign bonds are getting less and less attractive to individual investors due to the inability of the issuers of bonds to honour their obligations (pay interest and close out...
The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. As part of its reorganisation, the 118-year-old company said late Friday it will be...
Salada Foods Jamaica’s recent success from a spray-drying test on tomatoes has given the company insight into a new line of revenue – offering fruits and vegetable-preservation services on a commercial scale to offset a portion of the losses it...
On Friday, financial conglomerate Sagicor Group Jamaica announced that it would pay a dividend to small shareholders, whose ownership in the company amounted to one per cent or less, taking immediate advantage of the decision by the central bank to...
Dawkins Brown, the executive chairman of Dawgen Global, was struck off the list of accountants in March allegedly for professional misconduct, but he is now waging a legal battle for reinstatement that pits him against the Public Accountancy...
Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island. But first, assessing all your financing options can save you money. As the...
ADVISORY COLUMN: PRODUCTIVITY Is your company being undermined by obsolete assumptions held by some of your leaders? To move forward, they must be challenged. In our work to develop clients’ breakthrough strategies, we try to highlight such hidden...
The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 31/34. The index moved down by 1,923.06 points or 0.52 per cent to close at 371,399.39. The JSE Main Market Index declined by 2,003.95 points or 0....
J AMAICA’S TOP coffee roasters have signalled to the commodity regulator that one of their own, Salada Foods Jamaica Limited, would buy built-up inventory of beans at US$3 per pound. But well-placed sources say that Salada has been buying beans at...
MARINE ATTRACTION Dolphin Cove Limited hopes to reopen for business in mid-July, but says the plan rides on the extent to which the Government will allow visitors to enter the island and the destinations to which most of the tourists are bound. The...
OP-ED CONTRIBUTION: EMERGING MARKET ADVISER SELF-INTEREST IS a tenet of capitalism. In 1776, Adam Smith, the father of market-based economics, wrote: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our...
TOLL ROAD operator TransJamaican Highway Limited, TJH, experienced losses in the March quarter, continuing the trajectory from last year, and is anticipating even more fallout in business due to the impacts of the pandemic on travel and commute....
PLAYA RESORTS, which operates hotels in Jamaica, Dominican Republic and Mexico, plans to reopen in July with the pitch of the resorts being a safe space away from the pandemic. The closure of the 23 hotels in its chain since late March will cost...
UNITED STATES Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and...
THE FAIR Trading Commission, FTC, has adopted four key actions devised by the United Nations Conference on Trade and Development, to protect competition in the Jamaican market during the COVID-19 pandemic. These include ensuring equitable...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday with an advance/decline ratio of 33/32. The JSE index moved up by 1,968.80 points or 0.53 per cent to close at 373,322.45. The JSE Main Market Index advanced by 2,275.43 points or...
The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 42/25. The index declined by 915.22 points or 0.25 per cent to close at 371,353.65. The JSE Main Market Index declined by 981.01 points or 0.26...
MAJOR BUSINESS groups in Germany, France and Italy are urging European governments to ramp up their joint fiscal stimulus efforts against the economic downturn caused by the virus outbreak, saying that the EU response “must be of an unprecedented...
