Sun | Jul 5, 2026

Business

Published:Tuesday | March 3, 2020 | 12:10 AM

The Organisation for Economic Cooperation and Development, OECD, says the spreading of the new virus could make the world economy shrink this quarter, for the first time since the international financial crisis more than a decade ago. In a special...

Published:Monday | March 2, 2020 | 12:00 AM

The Jamaica Stock Exchange (JSE) combined index opened the week down on Monday with an advance/decline ratio of 28/44 The JSE Combined Index fell by 3,561.95 points or 0.75 per cent to close at 471,534.15. The JSE Main Market Index lost 3,791.47...

Published:Sunday | March 1, 2020 | 12:30 AM

COLUMN: FOREIGN POLICY No case of the coronavirus COVID-19 has been reported in the Caribbean. Despite this, misinformation continues to swirl. Amplified by social media and the willingness of some to ignore the facts provided by public health...

Published:Sunday | March 1, 2020 | 12:29 AM

ADVISORY COLUMN: SMALL BUSINESS Financial markets around the world are crashing, Japan ordered a nationwide shut down of all schools, Turkey closed its border with Iran, travel bans are in effect in almost every country around the world, the...

Published:Sunday | March 1, 2020 | 12:28 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am very interested in the market. I have been for a while. For a novice, how much in your opinion would be a practical amount as a beginner in the local stock market, and what's the...

Published:Sunday | March 1, 2020 | 12:28 AM

ADVISORY COLUMN: INSURANCE HELPLINE This column began in June 1997. It started by offering independent advice and information about insurance. During its 22.5 years, it has expanded beyond insurance to include the much broader topic of risks....

Published:Sunday | March 1, 2020 | 12:16 AM

Kia is recalling more than 193,000 cars and minivans in yet another move to fix nagging problems that could cause engine fires. The largest of two US recalls released by the government last Thursday covers nearly 142,000 2013 and 2014 Optima...

Published:Sunday | March 1, 2020 | 12:16 AM

Stocks sank again Friday after another wild day on Wall Street, extending a rout that handed the market its worst week since October 2008 at the height of the financial crisis. The market clawed back much of its intraday losses in the last 15...

Published:Sunday | March 1, 2020 | 12:13 AMKarena Bennett - Business Reporter

Floyd Green, the Minister of State for industry, commerce and agriculture, expects the tabling of regulations around the commercial export of cannabis in Parliament to happen by late April. The first draft of export regulations for the commercial...

Published:Sunday | March 1, 2020 | 12:11 AMKarena Bennett - Business Reporter

Tropical Battery hopes to open the doors to its new home in Ferry, Kingston during the first two weeks of March, after about a year constructing the facility at cost of $60 million. Its also a step closer to approaching the market for equity...

Published:Sunday | March 1, 2020 | 12:11 AM

Although Cable...

Published:Friday | February 28, 2020 | 12:19 AMHuntley Medley - Senior Business Writer

F rom the long list of products it sells and the extensive network of private and public pharmacies and stores that stock its merchandise, Medimpex Jamaica Limited appears to command a sizeable share of the local prescription and over-the-counter...

Published:Friday | February 28, 2020 | 12:17 AM

M argaritaville Caribbean Group plans to raise up to US$6 million (J$853 million) through a bond placement to refinance its debt, amid plans to expand. “We have lots of exciting new things happening, so we are getting ready to execute,” said CEO...

Published:Friday | February 28, 2020 | 12:16 AM

The United States economy grew at an annual rate of 2.1 per cent in the final quarter of last year, but damage from the spreading coronavirus is seen as likely depressing growth in the current quarter and for 2020 as a whole. The US Commerce...

Published:Friday | February 28, 2020 | 12:16 AM

C ampaigners won a court ruling Thursday to block the plan for a third runway at Heathrow Airport on environmental grounds, setting the stage for a new fight over whether to make Europe’s biggest airport even bigger. The ruling by the UK’s Court...

Published:Friday | February 28, 2020 | 12:16 AMHuntley Medley - Senior Business Writer

O n one level, development bankers are satisfied with the continuing maturity of the private equity and venture capital markets, which the Development Bank of Jamaica, DBJ, has spent the last seven years nurturing. But at another level, they...

Published:Friday | February 28, 2020 | 12:09 AM

The impact of the ongoing outbreak of the coronavirus COVID-19, from an economic perspective, would primarily be transmitted through two main mechanisms, namely trade and financial flows, according to an assessment by the Planning Institute of...

Published:Friday | February 28, 2020 | 12:09 AMSteven Jackson - Senior Business Reporter

Michael Riley, who sells vape pens within the burgeoning cannabis trade in Negril, holds a cash card that provides him with flexibility, but only to a certain degree. He doesn’t have a bank account, but uses ePay, a Mastercard-branded cash card...

Published:Thursday | February 27, 2020 | 12:00 AM

The Jamaica Stock Exchange JSE Combined Index declined by 1,198.84 points Thursday to close at 476,795.83 with an advance/decline ratio of 36/37. Winners Salada Foods 14.3 per cent to $32.57 Everything Fresh $12.35 to $0.91 Derrimon Trading up 10...

Published:Thursday | February 27, 2020 | 2:27 PMNeville Graham - Business Reporter

Caribbean Producers Jamaica will report back to bondholders Friday on progress made in bringing its financial ratios back into compliance with debt covenants, in a follow up to a meeting held six months ago. CPJ Chairman and interim CEO Mark Hart...

Published:Wednesday | February 26, 2020 | 12:00 AM

Scotia Group Jamaica, SGJ, paid out $14.68 billion in dividends for 2019, which was greater than its annual profit. The banking group affirmed that it was the highest dividend ever paid to shareholders since its founding in 1889. Scotia Group said...

Published:Wednesday | February 26, 2020 | 12:15 AMHuntley Medley/Senior Business Writer

The roll-out of the controversial national identification system, NIDS, is receiving strong support from the umbrella private sector group, the Private Sector Organisation of Jamaica, PSOJ. In fact, Christopher Reckord was recently named the group’...

Published:Wednesday | February 26, 2020 | 12:14 AM

A steep decline in the mining and quarrying industry due to the continued closure of the Alpart aluminium plant in St Elizabeth, and a slowdown in construction activities have been cited as the main contributors to the anaemic 0.1 per cent growth...

Published:Wednesday | February 26, 2020 | 12:12 AM

Amazon is aiming to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up the US$800 billion grocery industry. At the new store,...

Published:Wednesday | February 26, 2020 | 12:12 AMKarena Bennett/Business Reporter

Future Energy Source Company, Fesco, will need another two weeks to determine a new date for its initial public offering of shares on the stock market, says vice chairman Hugh Coore, a setback caused by a deadly weekend fire at one of the fuel...

Pages

Subscribe to Business