Productive Business Solutions Limited (PBS), which sells the products and services of large technology providers, is working on a series of projects including a regional acquisition to complement and grow its business. The company is also exploring...
QUESTION: I took out a loan in 2008 from a major commercial bank. They used my dad’s land as collateral. In 2012, the loan went bad and they took my dad’s land and put it up for sale. I thought that was the end of it. Little did I know that the...
Realpolitik is a political philosophy. The Encyclopaedia Britannica says it is a form of politics that is “based on practical objectives” not on ideals. ‘Real’ connotes things. Hence it is “a politics of adaptation to things as they are (and not...
Sometime next month, Russian Prime Minister Dmitry Medvedev is expected to travel to Cuba. His visit is likely to cement the two nations’ future bilateral relations. It comes after months of high-level exchanges on deeper economic and political...
QUESTION: Recently, I interviewed for a technical post and thought I had done enough to land the job. But I was terribly disappointed when I was informed that the company had picked someone else. There is just one nagging doubt at the back of my...
A new legislative bill in the United States is paving the way for banks to do business with marijuana companies, a development that has sparked hope among Jamaican ganjapreneurs that correspondent banking issues and other roadblocks to business may...
Distribution and manufacturing conglomerate Cari-Med Limited is consolidating its widely spread warehousing network at a new complex to be developed at Tamarind Farm on the outer fringes of the Bernard Lodge Estates in St Catherine, the Financial...
Adventure tour company Mystic Mountain is close to completing the US$570-million upgrade it began last year, and is now set for unveiling in December. The expansion project was facilitated by a $1.1-billion bond issued by the company last October...
Telecom provider Flow raised its cable rates in September and plans to raise mobile data rates come next month, while Digicel hiked its internet and cable fees in July which, according to regulatory data, reflects a wider shift across the sector...
Japanese automakers on Thursday urged the government to do more to support the industry after their government signed a trade deal with the United States that kept auto tariffs unchanged. Japan’s Prime Minister Shinzo Abe and President Donald Trump...
China’s government is releasing pork from stockpiles for the second time this month to help cool surging prices ahead of next week’s celebration of the Communist Party’s 70th anniversary in power. The government said Thursday it will auction off 10...
The United States House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a long-standing headache for the industry. The bill, called the SAFE Banking Act,...
In August, the Caribbean Court of Justice, CCJ, upheld COTED’s classification decision of rock hard cement as ‘other hydraulic cement’ and held that its decision was binding on all member states. The court found that COTED was entitled to rely on...
Few local businesses in urban centres have ever accessed a business loan or even have internet connectivity, according to new findings from the Jamaica Survey of Establishments conducted by the Statistical Institute of Jamaica (Statin) and...
Executive Chairman Lascelles Chin is giving himself another six months to fill the managing director vacancy at Lasco Distributors, which was created by the resignation of Peter Mark Chin on April 30. Peter, who was also deputy chairman of...
Lasco Financial Services 50 per cent tax waiver comes to an end a year, from now but the company is already making plans to offset the expected impact on its bottom line by aggressively growing revenue. Its new LascoPay-branded Mastercard, RIA...
Jamaica’s large telecoms have until the end of September to explain their unlimited plans that have been the subject of complaints by consumers, who decry the restrictions. The Fair Trading Commission (FTC) is investigating the complaints as...
Managing Director of Sweet River Abattoir Valdence Gifford says the company is making headway in staunching its losses, but needs to make changes to its business model for its long-term health. In the quarter ending June, the Westmoreland-based...
The takeover of Gentry’s Poultry in the United States last week marks Jamaica Broilers Group’s entry into chicken production in that market. “This is the first that we are selling processed chicken in the USA. Prior to...
Published:Thursday | September 26, 2019 | 12:22 AM
As the United Auto Workers’ strike against General Motors stretches into a second week, it’s not just the company and striking workers getting pinched. With many replacement part warehouses shut down, dealers are beginning to run short of...
Published:Wednesday | September 25, 2019 | 12:35 AM
German prosecutors dealt a blow to Volkswagen’s efforts to put the 2015 emissions-cheating case behind it, charging the automaker’s chief executive, chairman, and former CEO with stock manipulation for not telling investors at the time that the...
Published:Wednesday | September 25, 2019 | 12:35 AM
WeWork CEO Adam Neumann is stepping aside amid questions about the company’s finances and his personal antics. The New York-based company, which runs trendy communal office spaces, said that Neumann will remain on its board as non-executive...
Published:Wednesday | September 25, 2019 | 12:34 AM
Robust cybersecurity, training, and a culture change are key to growth and adaptability, says KPMG Jamaica in the wake of the release of the new Global CEO Outlook Survey. The report by KPMG International says that CEOs are confronting an era of...
Published:Wednesday | September 25, 2019 | 12:30 AM
British tour operator Thomas Cook fell victim to multiple setbacks, including shifting travel habits, the rise of online booking sites, the sinking pound, and even unusually hot summer weather at home that discouraged Northern Europeans from...
Published:Wednesday | September 25, 2019 | 12:00 AM
Google won a major case in the European Union (EU) on Tuesday when the bloc’s top court ruled that the United States (US) Internet giant doesn’t have to extend the EU’s ‘right to be forgotten’ rules to its search engines outside the region. The...
