The Companies Office of Jamaica, COJ, has launched an electronic Business Registration Form, the eBRF, in partnership with the Cabinet Office of Jamaica, an initiative that is expected to make it easier for entrepreneurs, particularly those...
Cable & Wireless Jamaica, which trades as Flow, added a large block of customers during the June quarter, while amassing US$99 million in sales, which translates to $13.5 billion in local currency...
Interim receiver Ken Tomlinson has reaffirmed in a second report to the court that properties owned by Arc Systems Limited were transferred over time to a company called Hilda Corporation and subsequently transferred two years ago to another...
Lasco Manufacturing Limited grew profit at double-digit levels in the June 2019 quarter and, in the process, amassed its highest-ever stockpile of cash at about $1 billion. Although Lasco Manufacturing has recorded strong operating cash flows over...
Brokerage firm Victoria Mutual Investments Limited beat market expectations with a sevenfold increase in quarterly profit, leading one of its peers to lift its target price for the stock. Large brokerage NCB Capital Markets expects the VMIL stock...
China’s currency weakened again Wednesday after hopes among financial traders that its decline was stabilising helped to calm jittery global markets. The yuan edged down to 7.0488 to the US dollar, about 0.4 per cent below its level late Tuesday....
China stabilised its currency on Tuesday, suggesting that it might hold off from aggressively letting the yuan weaken as a way to respond to United States tariffs on Chinese goods. The yuan declined to 7.0562 to the dollar before strengthening...
United States National Security Adviser John Bolton warned foreign governments and companies that they could face American retaliation if they continue to do business with Venezuela. Bolton’s comments came after the White House on Monday night...
Statistical Institute of Jamaica expects to update the inflation basket in a year’s time from the results of the last household expenditure survey, or HES, says senior statistician Hope Perkins. The survey, which provides information on the goods...
United Cannabis Corporation (UCANN), the American company that has partnered with Lasco Manufacturing for the production of cannabis-infused water among other cannabis medicinals, has been issued a licence to cultivate cannabis through a company...
Puerto Rico’s Supreme Court on Monday agreed to rule on a lawsuit that the island’s Senate filed in a bid to oust a veteran politician recently sworn in as governor. The lawsuit seeks a preliminary injunction ordering Pedro Pierluisi to cease his...
Some customers of Scotiabank have found themselves making more calls to the bank’s contact centre recently in an attempt to verify new banking details following the closure of the bank’s King Street branch in Kingston. The inconveniences,...
Finsac, the majority owner of Ciboney Group Limited, is making another try at selling its stake in the company, which has no assets. Ciboney said in a market filing last week that attempts by Finsac to sell were aborted after bids for the shares...
Jamaica’s Fair Trading Commission (FTC) has launched an investigation to determine the likely effect on competition for petroleum products from Total Jamaica Limited’s acquisition of local outfit Epping Oil Company headed by Neville Marsh. Total...
The most powerful street-legal Ford Mustang ever built will go on sale this fall. A 5.2-litre supercharged V8 will crank out 760 horsepower in the 2020 Shelby GT500. The new version has a beefed-up suspension and brakes. It also has a seven-speed...
China’s yuan fell Friday to its lowest level this year against the dollar following US President Donald Trump’s threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the US currency. The yuan...
Exxon Mobil brought in US$69 billion in revenue in the second quarter, down from last year’s US$73.5 billion. Some of the benefits of rising crude prices, up 22 per cent this year, were offset by natural gas prices, which have fallen almost 24 per...
Shareholders in Kingston Properties Limited approved a resolution to increase the authorised share capital of the company as an initial step towards raising funds via a rights issue. The real estate investment trust wants to purchase commercial...
QUESTION: What is arbitration in the context of an insurance dispute? The company that insures my car and I do not agree on which of two drivers was at fault in a recent collision. The other driver caused the accident. I have evidence to prove it...
ADVISORY COLUMN: PERSONAL FINANCE QUESTION I am an executor and my understanding is that at the time of transfer of the asset, a house, to the beneficiary, I have an entitlement of 6 per cent of the value of that house. Is my understanding...
Cargo Handlers Limited has disclosed plans to invest US$900,000 ($122.4 million) in modernising its fleet of tankers trucks, petroleum tanks, among other equipment for its associated logistics company, Bulk Liquid Carriers Petroleum Transport,...
Petrol dealer Annette Wong-Lee says growing up in a clan of nine boys and two girls not only prepared her to hold her own, but to stand out in the tough world of the auto industry. She has now delivered what is being described as Jamaica’s first ‘...
While some apps help you save money, others have a way of encouraging you to spend more. Changing how you connect with these types of apps by deleting them, not downloading them in the first place, or limiting your interaction with them can help...
