Investors can buy telecommunications company Digicel bonds at roughly 30 per cent cheaper than in January this year as downgrades put pressure on prices. The discounted prices have created yields above 30 per cent. But the relatively high yield...
China said Monday it will reduce tariffs January 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development. The announcement followed an interim trade agreement with...
Boeing’s CEO is stepping down with no end in sight for a crisis that has enveloped the manufacturer and its marquee aircraft, the Max 737. The Chicago manufacturer said Monday that Dennis Muilenburg will depart immediately. The board’s current...
JANUARY 1 Tax Administration Jamaica introduces sixth phase of Mandatory e-Filing Requirement to incorporate Individual Income Tax Returns, including employed individuals, self-employed persons and pensioners. communications@taj.gov.jm...
Jamaican sugar producers are not participating in a planned injection of some US$300 million to produce refined white sugar and more of the semi-refined product known as plantation white sugar, as the Caribbean sugar sector celebrates a Caribbean...
Wade Holcomb has a lot to be grateful for this year. In addition to graduating college and getting a job, he also has a beautiful 4-month-old girl – who will be celebrating her first Christmas with her dad clearly wrapped around her tiny fingers. “...
FirstRock Capital Holdings aims to raise roughly US$12.3 million in its in initial public offering (IPO) in January as part of plans to finance a series of real estate deals that includes acquiring the Shoppes at Rose Hall in St James. The amount...
Taken at face value, the outcome of Britain’s December 12 general election could not have been clearer. The substantial parliamentary majority obtained by the country’s Conservative Party guarantees that the UK will leave the European Union in...
The tourism workers pension scheme should make a significant difference to the workers in the industry who, up to now, have generally not been in a position to make formal arrangements for life after retirement. The scheme will operate in a way...
Productive Business Solutions Limited (PBS), the distributor of Xerox printing products, has acquired the 100 per cent shareholding in El Salvador-based company, Hightech Corporation (HTC). Hightech Corporation offers business architecture, web...
In creating its financial plan, a company has several options for sourcing funding. Among these are equity capital, subordinated shareholder debt, commercial bank loans, and bonds. Regarding bonds, a further choice is to be made between offering...
In Thursday ‘s trading session the following reflect the movement of the JSE Indices: - • The JSE Combined Index advanced by 3,614.52 points (0.72%) to close at 502,508.22. • The JSE Index advanced by 4,008.03 points (0.80%) to close at 507,066.04...
A fter a year of nirvana, investors may need to get ready for something a little more normal. Markets are coming off a fabulous 2019, where stocks and bonds around the world climbed in concert. But for the next year – and decade, in fact – Wall...
A revamped North American trade deal is nearing passage in Congress, giving both the White House and House Democrats cause to claim victory. There is relief, too, for farmers and businesses that wanted clearer rules governing the vast flow of goods...
The Financial Intelligence Unit, FIU, is reporting that an estimated TT$749 million (TTS1 dollar = US$0.16 cents) in “dirty money” got laundered as “clean currency” in the months leading up to changeover of the new TT$100 bills. Newsday newspaper...
Manufacturing and distribution conglomerate Wisynco Group has identified a property in Trelawny to house its second distribution outlet. Details about the new outlet are still being worked out between the property owner and company executives,...
A thief stuffed a total of 30 bags of frozen shrimp down his pants in back-to-back burglaries of a Southern California grocery store, police said on Wednesday. The man took the shrimp from a Vons market in the city of Riverside by entering the...
The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving...
The size of the Chinese investments in Jamaica is said to be around US$3 billion and growing, leading many persons to wonder what is the attraction. It turns out that it is easy for Chinese firms to set up shop in Jamaica, and they are loving it –...
This year has turned out to be a dark chapter for Latin America. The year started off on a good note. Brazil had a new pro-reform president. Argentina was on track for the re-election of its pro-market chief executive. It had unwavering...
The Mexican-owned Pacific Airport Group, GAP, which operates Jamaica’s two international airports in Kingston and Montego Bay, plans to spend US$213 million over the next five years to upgrade the runways and buildings, but it will come with...
