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Business

Published:Wednesday | November 27, 2019 | 12:00 AMKarena Bennett/ - Business Reporter

A plan by the Jamaica Association for Microfinancing, or JamFin, to modernise the operations of the microfinance sector and improve market share for its members was put into action last month after it inked a deal with Cayman Islands-based...

Published:Wednesday | November 27, 2019 | 12:24 AM

Mike Maddaloni went to Amazon.com knowing exactly what he wanted to buy. But instead of showing him the Synology router he was searching for at the top of his results, Amazon bombarded him with ads for hard drives and routers that he didn’t want....

Published:Wednesday | November 27, 2019 | 12:23 AMSteven Jackson/ - Senior Business Reporter

Issa Construction, headed by realtor Andrew Issa, will be developing a $300-million commercial complex at Hope Road in Kingston, the former location of his realty firm. The realtor says he plans to create an entity similar to a real estate...

Published:Wednesday | November 27, 2019 | 12:18 AM

London’s transit authority has refused to renew Uber’s operating licence over concerns about imposter drivers, with the ride-hailing company vowing to appeal the decision as it struggles to secure its future in the British capital. It’s the latest...

Published:Wednesday | November 27, 2019 | 12:00 AM

QUESTION: I have just started working at this company where they have devotions regularly. I don’t have anything against them having devotions, per se. I don’t have a problem attending either, as it is during work hours. But a couple of times my...

Published:Wednesday | November 27, 2019 | 12:13 AMMcPherse Thompson/ - Assistant Business Editor

A Jamaican company which began producing desserts under the name Bliss cakes and bars seven years ago has asked the Jamaica Intellectual Property Office, JIPO, to revoke the trademark registered by Caribbean Brands International Inc, a Barbados-...

Published:Wednesday | November 27, 2019 | 12:09 AM

Eppley Caribbean Property Fund Limited-Value Fund has posted full-year profit of BDS$4 million, erasing losses from the previous period. The fund now holds 11 properties, up from six, including three in Jamaica at Empire Shopping Centre, Angels...

Published:Wednesday | November 27, 2019 | 12:08 AM

Chinese e-commerce giant Alibaba’s shares jumped 6.6 per cent in their debut on the Hong Kong stock exchange on Tuesday, an auspicious start at a time when the former British colony is reeling from political unrest. Alibaba closed at HK$187.60 (US$...

Published:Tuesday | November 26, 2019 | 12:26 AM

Charles Schwab is buying rival TD Ameritrade in a US$26 -billion stock swap, a blockbuster agreement accelerated by massive disruption in the online brokerage industry. Competitive pressure has already forced brokerages to make it free for...

Published:Sunday | November 24, 2019 | 12:00 AM

QUESTION: I would like to know if I can be a contributor to the NHT even though I am a self-employed person. – April FINANCIAL ADVISER: As a self-employed person, you are legally required to contribute to the National Housing Trust (NHT) but...

Published:Sunday | November 24, 2019 | 12:00 AM

QUESTION: I really admire the great work you have been doing to support entrepreneurs like me, I have never had a mentor or adviser, and your advice has really helped me in my business, so please keep up everything. My question for you is that I am...

Published:Sunday | November 24, 2019 | 12:00 AM

A health tip published in this newspaper by a private hospital cited age as a major risk factor for a variety of life-altering diseases. “Getting regular health screenings can help … by detecting a specific disease or condition early even when...

Published:Sunday | November 24, 2019 | 12:00 AM

Although the statistics vary, reliable Caribbean and international entities suggest that tourism is now delivering, directly and indirectly, about 40.6 per cent of Caribbean GDP, earned the region US$62 billion in 2018, and employs at least one in...

Published:Sunday | November 24, 2019 | 12:25 AMNeville Graham - Business Reporter

Energy finance company MPC Capital expects a series of projects it is backing to come on stream within two years in various regional markets, including Jamaica. The German company, which is keenly overseeing a US$23 million rights issue by its...

Published:Sunday | November 24, 2019 | 12:23 AMKarena Bennett - Business Reporter

In the six years since a quintet of local fuel dealers launched their own petroleum marketing business, Future Energy Source Company, they have built a network of 13 service stations, branded as Fesco, all of which are owned by their dealers. By...

Published:Sunday | November 24, 2019 | 12:21 AM

Oregon’s state employee pension fund is invested in an Israeli company whose smartphone spyware has been used against dissidents, human-rights defenders and journalists by repressive regimes. It’s also invested in two prison companies that run...

Published:Friday | November 22, 2019 | 12:00 AM

China is working to resolve conflicts with Washington over trade, a commerce ministry official said Thursday, dismissing speculation the talks might be in trouble as inaccurate “rumours”. Ministry spokesman Gao Feng said he had no new information...

Published:Friday | November 22, 2019 | 12:00 AM

The American federal agencies that make and enforce offshore oil and gas leases say they’ll encourage new wells in shallow Gulf of Mexico waters by allowing some reduced-royalty or even royalty-free production if owners can prove they need it....

Published:Friday | November 22, 2019 | 12:00 AMHuntley Medley - Senior Business Writer

Peter Melhado’s board-level association with Sagicor dates back 15 years, time in which he has become well acquainted with the business of the financial services conglomerate, particularly on the investment and commercial banking sides. It’s that...

Published:Friday | November 22, 2019 | 12:00 AMHuntley Medley - Senior Business Writer

Luis Prata has a reputation as a turnaround manager. But that is not his mission in Jamaica. The new managing director of Desnoes...

Published:Friday | November 22, 2019 | 12:00 AMSteven Jackson - Senior Business Reporter

Brokers expect the Mailpac stock to increase by around 40 per cent in price in the short run, once the shares list on the market. The initial public offering for Mailpac Group Limited, a courier company, comes to market today, Friday, at $1 per...

Published:Friday | November 22, 2019 | 12:23 AMKarena Bennett - Business Reporter

Lumber Depot Limited, a company formed from the demerger of the hardware business from soapmaker Blue Power Group, will come to market with capitalisation of $706 million, under its initial public offering of shares, which hits the market today,...

Published:Friday | November 22, 2019 | 12:20 AM

The American Medical Association, AMA, has called for an immediate ban on all electronic cigarettes and vaping devices. The group adopted the sweeping stance at a policymaking meeting in San Diego. It aims to lobby for state and federal laws,...

Published:Friday | November 22, 2019 | 12:20 AM

New England shrimp are still in bad shape despite a fishing shutdown that is unlikely to end soon, new data show. The region’s shrimp fishing industry, long based mostly in Maine, has been shut down since 2013 because of concerns about the health...

Published:Friday | November 22, 2019 | 12:00 AM

In 1976, Robert Lucas, an economist at the University of Chicago, wrote a seminal paper challenging some of the tenets of modern macroeconomic theory. Economics had undergone a significant revolution during the post-war period, as theorists cobbled...

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