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Business

Published:Sunday | October 27, 2019 | 12:00 AM

At each Mass, Catholics include among their intercessory prayers an invocation for God’s protection. This is to prevent or minimise the threats to this and other islands in the region from of natural disasters. The prayer takes on more significance...

Published:Sunday | October 27, 2019 | 12:00 AM

Getting a stream of income from investment instruments is, without doubt, highly desirable. This is particularly true for individuals who need additional income to supplement their pensions or financial resources to realise other important goals....

Published:Sunday | October 27, 2019 | 12:00 AM

QUESTION: Hi, Yaneek. I want your advice on a cheap way to promote my shop to make serious money this Christmas coming. I am a hairdresser with over eight years in the business. I am certified, and all my documents are up to date and so forth. The...

Published:Sunday | October 27, 2019 | 12:00 AM

Speaking over a week ago in Pittsburg, American president Donald Trump all but confirmed that the United States was withdrawing from the 2015 Paris climate change agreement. “The Paris accord would have been shutting down American producers with...

Published:Sunday | October 27, 2019 | 12:16 AMMcPherse Thompson - Assistant Editor-Business

The Court of Appeal has again declared as unconstitutional a section of the Judicature (Rules of Court) Act that bars defendants in civil proceedings from actively participating in hearings during assessment of damages. Rule 12.13 of the Civil...

Published:Sunday | October 27, 2019 | 12:13 AM

Retailer PriceSmart plans to open its second location in Jamaica by next October. The company confirmed in filings that its complex will span more than 210,000 square feet, which would equate to roughly three football pitches. “Our first club,...

Published:Friday | October 25, 2019 | 12:00 AM

Gassan Azan, the businessman behind the planned $11-billion Lakes Pen agricultural project, wants to integrate a farmer’s market in the venture as a retail hub that would replicate Coronation Market in downtown Kingston. Azan has already earmarked...

Published:Friday | October 25, 2019 | 12:15 AMHuntley Medley - Senior Business Writer

Neither Andrae Lynch nor Tamara Lynch has a degree in chemistry, Andrae’s university studies in the subject having been cut short by illness some years ago. But the enterprising Jamaican couple have drawn on a shared passion for experimentation...

Published:Friday | October 25, 2019 | 12:15 AM

American Airlines executives promised Thursday that next year will be better than this one because the airline will get its grounded Boeing planes back and resolve a caustic fight with unions, both of which contributed to thousands of cancelled...

Published:Friday | October 25, 2019 | 12:14 AM

Southwest Airlines said Thursday that third-quarter profit rose seven per cent on record revenue, despite taking a hit from the grounding of its Boeing 737 Max aircraft fleet. CEO Gary Kelly said Southwest is in discussions with Boeing about...

Published:Friday | October 25, 2019 | 12:14 AM

Loss-making general insurance company Key Insurance wants to generate sufficient profit in the medium term to at least grow in line with inflation. Rising claims, however, continue to hold back the company, which has recorded losses for at least...

Published:Friday | October 25, 2019 | 12:14 AM

Disappointing third-quarter profit and revenue at Twitter overshadowed strong user growth, sending shares of the social media company plummeting more than 17 per cent at the opening bell for stock market trading Thursday. The San Francisco company...

Published:Friday | October 25, 2019 | 12:00 AM

A US$100 million fund aimed at boosting small to medium enterprises is up and running, and looking for target companies in Jamaica and the Caribbean region in which to invest. Sagicor Group Jamaica, through subsidiary Sagicor Investments Jamaica...

Published:Friday | October 25, 2019 | 12:00 AMKarena Bennett - Business Reporter

Haiti Broilers SA, the Haitian operation of poultry producer Jamaica Broilers Group, JBG, has steadily grown the business over the past five years. For the financial year ending April 2019, the gains continued with growth in revenue by $150...

Published:Friday | October 25, 2019 | 12:00 AM

In many ways, Chile and Hong Kong are as different as night and day. Chile is a Spanish-speaking Roman Catholic country, with an extended landmass in South America. Hong Kong is a small Cantonese-speaking outpost on the fringe of mainland China....

Published:Friday | October 25, 2019 | 12:12 AM

The city of New York and the state of California sued the US Postal Service Tuesday to stop tens of thousands of cigarette packages from being mailed from foreign countries to United States residents, saying the smugglers are engaging in “cigarette...

Published:Thursday | October 24, 2019 | 1:16 AM

Google said it has achieved a breakthrough in quantum computing research, saying an experimental quantum processor has completed a calculation in just a few minutes that would take a traditional supercomputer thousands of years. The findings,...

Published:Wednesday | October 23, 2019 | 12:00 AMHuntley Medley/Senior Business Writer

The glass ceiling is still intact at J Wray...

Published:Wednesday | October 23, 2019 | 12:25 AM

UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the weakening global economy is contributing to disappointing revenue growth. The delivery giant said Tuesday that third-quarter profit...

Published:Wednesday | October 23, 2019 | 12:00 AM

If they can close our plant, they can close yours, too. That’s the message from workers at three shuttered General Motors factories that did not get new products under the tentative contract agreement reached last week between GM and the United...

Published:Wednesday | October 23, 2019 | 12:00 AM

QUESTION: Thanks for your advice and comments to K. Thompson’s question in The Sunday Gleaner of September 28, 2019. To help interviewers in general, I was thinking maybe you could broaden your advice by suggesting the avoidance of potentially...

Published:Wednesday | October 23, 2019 | 12:00 AM

A client, a small one-man company, recently received a letter from Tax Administration Jamaica, TAJ, concerning fuel benefits given to the director. The director is using his own vehicle for business purposes. He charges all his fuel to his credit...

Published:Wednesday | October 23, 2019 | 12:00 AM

Lubricants company Paramount Trading has doubled profits in the first quarter ending August, a performance that comes six months after the company put the brakes on spending and began reconsidering some of its new hires. Paramount made $16.7...

Published:Wednesday | October 23, 2019 | 12:16 AM

The Supreme Court has upheld a decision of the Industrial Disputes Tribunal, IDT, that an employee of National Commercial Bank, NCB, who was dismissed five years ago be reinstated in her employment with the bank. Justice Kirk Anderson also sided...

Published:Wednesday | October 23, 2019 | 12:00 AM

A new World Bank grant of nearly US$15 million has put the Jamaican Government a step closer to inviting investors to take part in a catastrophe bond that could become active before the next hurricane season. The funds put Jamaica in a better...

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