The 80-year-old Shipping Association of Jamaica, SAJ, is at a crossroads of sorts and its leadership recognises this fact. Formed as a trade union of employers of port workers in 1939, the SAJ has been supplying labour to Kingston’s two major port...
The Ministry of Finance in Trinidad and Tobago approved a licence for NCB Financial Group’s acquisition of Guardian Holdings Limited, GHL, with ‘best wishes’ for the parties to a transaction that has buy-in from shareholders but has been held up by...
Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travellers away from rivals like Airbnb. The world’s biggest hotel company will soon start taking reservations...
Published:Monday | April 29, 2019 | 12:00 AMSteven Jackson
One of the three licences needed by NCB Financial for the takeover of Guardian Holdings Limited has been granted by Trinidad’s Finance Minister Colm Imbert under the Foreign Investment Act. There were no updates on the other two...
ADVISORY COLUMN: BUSINESSWISE QUESTION: I'm 25 years old and I've been wanting to start a business but I'm not sure what to do. I've been contemplating a liquor/beverage store or a restaurant since I already have a certificate in restaurant...
ADVISORY COLUMN: INSURANCE QUESTION: I had an extended stay in the United States recently. The best part was using a family member’s self-driving vehicle. Despite my strong desire not to cede control to the automated systems, I allowed the vehicle...
COLUMN: FOREIGN POLICY Just before Easter, the Trump administration announced multiple new sanctions on Cuba. In doing so, senior United States officials made clear that Washington was not just trying to break Havana’s close economic and political...
NCB Financial Group, which operates Jamaica’s largest bank, expects the second half of its financial year to yield positive returns, with or without the closure of the Guardian deal. The banking group said on Friday that it is awaiting approval on...
Nine years after the Jamaican Government put in place legislation to prevent leakage of taxpayers’ funds by creating a single account at the Bank of Jamaica, more than $40 billion of the state’s resources are still being held in commercial banks....
The Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) has 300 project proposals in hand for new farms on the Bernard Lodge lands in St Catherine. Minister Audley Shaw said that the projects would be executed under the...
Year two of Christopher Zacca’s tenure as president and CEO of Sagicor Group Jamaica brought record profit amid a restructuring of the accounting for resort investment Playa. But just in case anyone thought otherwise, Zacca is declaring he is...
The number of applicants for shares in the Wigton Windfarm IPO has exceeded the 10,000 goal set by the Jamaican Government. But a representative of lead broker Mayberry Investments Limited, who confirmed the level of subscriptions, said “public...
Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced Wednesday. Fotmer Life Sciences of Uruguay and Clever Leaves of Colombia will export cannabis...
Germany’s Deutsche Bank and Commerzbank said Thursday they were halting talks on a possible merger that aimed to create a stronger global banking player, saying it would be too risky and costly. Deutsche Bank CEO Christian Sewing said in a...
Who’s minding the store? In the not-too-distant future it could be cameras and sensors that can tell almost instantly when bruised bananas need to be swapped for fresh ones and more cash registers need to open before lines get too long. Walmart,...
Sygnus Credit Investments, SCI, is looking to real estate and going beyond Jamaica’s boundaries to make more money for its investors. A property fund is being created for the purpose, but Berisford Grey, CEO of SCI’s management company Sygnus...
While it will not share the percentage of the remittance market which it currently controls in Jamaica, American company PayPal, which owns remittance company Xoom, is not being coy about its desire to increase market share in one of the Caribbean’...
IMF officials have opted not to weigh in on the implications of the court ruling on Jamaica’s National Identification System, NIDS, even though it forms part of the policies for implementation under the social safety net reforms being undertaken by...
Tesla has lost nearly US$6 billion since setting out to revolutionise the auto industry 15 years ago, but CEO Elon Musk foresees a profitable future fuelled in part by a ride-hailing service made up of electric cars driven by robots. The mind-...
Clinton Reid took on his former employer, Jamaica National Building Society, JNBS, in a five-year battle, and won. But the 50-year-old chartered accountant says the $8.5 million award granted by the Industrial Disputes Tribunal, IDT, is cold...
It’s a project in its nascent stage and Cabinet is yet to approve its structure, but the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) plans to tie down deals with private sector companies on a logistical network for farm...
Boeing estimates that it will spend US$1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The estimate was...
Proven Wealth Limited has launched a platform that allows Jamaican investors more options to live-trade US stocks at cheaper prices, becoming the second local broker known to offer such services. “Customers are demanding this,” said Johann Heaven...
OP-ED CONTRIBUTION: LEGAL AFFAIRS Companies considering a merger with or acquisition of a competitor in their market should consider whether that transaction may run afoul of the competition legislation. Such a transaction could potentially...
United States auto safety regulators have expanded an investigation into malfunctioning airbag controls to include 12.3 million vehicles because the bags may not inflate in a crash. The problem could be responsible for as many as eight deaths....
