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Business

Published:Wednesday | November 6, 2019 | 12:22 AM

Chinese President Xi Jinping promised more gradual market-opening steps at the start of an import fair Tuesday but no initiatives on technology policy and other irritants that underpin a tariff war with Washington. The second China International...

Published:Wednesday | November 6, 2019 | 12:18 AMHuntley Medley/ - Senior Business Writer

With an investment of more than US$4 million, or approximately J$560 million, and boasting a cannabis oil-processing facility, a dispensary, consultation rooms, guest rooms and a built-in saltwater pool, Apollon Formularies Jamaica and Doc’s Place...

Published:Wednesday | November 6, 2019 | 12:16 AM

Cherry Hill Developments Limited, a real estate company affiliated with both Mayberry Investments and the Musson Group, plans to raise up to US$10 million through a bond bearing interest of eight per cent per annum. The unsecured notes, which will...

Published:Wednesday | November 6, 2019 | 12:13 AM

Apple on Monday said it will put up US$2.5 billion towards easing California’s housing crisis. The sum from Apple eclipses pledges by fellow Silicon Valley giants Google and Facebook for addressing the lack of affordable housing in a region where...

Published:Wednesday | November 6, 2019 | 12:00 AM

The US trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The United States Commerce Department said Tuesday that the September gap between...

Published:Wednesday | November 6, 2019 | 12:00 AMKarena Bennett/Business Reporter

Canco Limited, a manufacturing operation based in Seaforth, St Thomas, is looking for at least a 10 per cent jump in revenues from a decision to diversify into co-packing products for both local and international businesses. A producer of canned...

Published:Wednesday | November 6, 2019 | 12:11 AM

PAC Kingston, the new operator of Norman Manley International Airport, NMIA, is already considering renegotiating contracts with vendors at the airport to ramp up revenue PAC is the subsidiary created by Pacific Airport Group of Mexico to hold the...

Published:Wednesday | November 6, 2019 | 12:11 AM

CIBC FirstCaribbean is not saying either way whether the reports of a pending takeover of the bank by the Gilinski group of Colombia are true, but has also not denied them outright. “As a publicly traded company in the Caribbean, there has always...

Published:Wednesday | November 6, 2019 | 12:10 AMSteven Jackson/ - Senior Business Reporter

Proven REIT began pitching its latest residential development to prospective buyers at the weekend, with starting prices of $21 million for the smallest studio units. The project, slated for Braemar Avenue in New Kingston, is to be called VIA....

Published:Tuesday | November 5, 2019 | 12:31 AM

Investors and sports betting companies are running up the score when it comes to sports betting, predicting the fast-growing industry will be a US$7-billion to US$8-billion business in the United States within five years. But not all the many...

Published:Sunday | November 3, 2019 | 12:38 AMNeville Graham - Business Reporter

In Jamaica’s capital city, home buyers who dream of yard space, their own boundary wall or fence, and all that comes with a stand-alone residence now have to worry about more than just the mortgage in single house property. Land space is...

Published:Sunday | November 3, 2019 | 12:37 AM

Fitbit is being acquired by Google for about US$2.1 billion, a deal that enables the Internet company to step back into the hotly contested market for smartwatches and health and fitness trackers. Fitbit is a pioneer in wearable technology, but it’...

Published:Sunday | November 3, 2019 | 12:00 AMMcPherse Thompson - Assistant Editor-Business

Spirit company J. Wray & Nephew Limited, JWN, a subsidiary of the Campari Group, has entered the retail sugar market under a 50:50 partnership with Worthy Park Estate to package and market the sweetener under the Jamaica Gold brand...

Published:Sunday | November 3, 2019 | 12:00 AMSteven Jackson - Senior Business Reporter

The Jamaican operations should have been the larger component of a US$240 million deal to sell Scotiabank’s life insurance operations in two regional markets to Sagicor Financial Group. But on Friday, Sagicor Financial announced the cancellation...

Published:Sunday | November 3, 2019 | 12:00 AM

Have you ever been presented with a strategy document that appeared to be nothing more than a list of projects? If so, the good news is that you aren’t crazy if you thought that something was missing. A sound plan is more than a grab bag; it should...

Published:Sunday | November 3, 2019 | 12:00 AM

QUESTION: I need your help. I am a 26-year-old woman who is a graduate of the University of Technology, Jamaica. I resigned after two years with a good company to join what I considered a better one a little over five months ago. I learnt of the...

Published:Sunday | November 3, 2019 | 12:20 AM

Europe’s economy is losing steam. Top officials at the European Central Bank (ECB) are at odds over policy. And it’s even unclear whether they can do much to help anyway. It adds up to a full in-tray for Christine Lagarde as she takes over as ECB...

Published:Sunday | November 3, 2019 | 12:16 AM

Britain is to hold a general election on December 12. It is a decision that the country’s political class hope will end once and for all the damaging debate and procedural manoeuvres about how, when or whether the United Kingdom will leave the...

Published:Sunday | November 3, 2019 | 12:00 AM

QUESTION: I am a millennial, and I strongly believe that one should aim to not only learn but to implement – that’s critical. I have implemented your investment, saving, debt, and credit card advice, so much so that I have built a portfolio of...

Published:Sunday | November 3, 2019 | 12:00 AM

Today’s piece originated from ideas that were expressed last Thursday by another columnist, Jaristotle, in an article titled ‘Stop this madness, this taxi-mania’. Jaristotle is a pseudonym. I suspect that it is a combination of the two-letter...

Published:Friday | November 1, 2019 | 12:32 AM

National Commercial Bank Jamaica, NCB, and the US Agency for International Development, USAID, have partnered on a US$25-million ($3.4-billion) loan facility to fund renewable energy projects. The loan, facilitated by USAID, will be offered across...

Published:Friday | November 1, 2019 | 12:32 AMHuntley Medley - Senior Business Writer

The Jamaican Government recently celebrated the belated certification of the now divested Norman Manley International Airport, NMIA, in Kingston as an aerodrome operation to international level. The accomplishment comes some 80 years behind the...

Published:Friday | November 1, 2019 | 12:31 AM

T he United States Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signalled that it plans no further cuts unless it sees clear evidence that the economic outlook has...

Published:Friday | November 1, 2019 | 12:31 AM

T he 19-country eurozone economy grew at a subdued pace in the third quarter, continuing a shaky upswing amid trade disputes and uncertainty over Brexit. At the same time, weaker inflation figures cast a shadow over the outlook and presented a...

Published:Friday | November 1, 2019 | 12:30 AM

F iat Chrysler and France’s PSA Peugeot said Thursday they have agreed to merge to create the world’s fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless...

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