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Business

Published:Friday | April 12, 2019 | 12:24 AMHuntley Medley - Senior Business Writer

Insurance brokerage house Billy Craig Insurance Brokers Limited is talking up an ongoing value-added technology upgrade that its executives say is setting the company apart in an increasingly competitive market of insurance intermediaries. The...

Published:Friday | April 12, 2019 | 12:24 AM

While shoppers are getting everything from morning coffee to complete work wardrobes delivered to their homes, some businesses are working with ride-hailing company Uber to entice customers through their doors. Uber launched a voucher programme...

Published:Friday | April 12, 2019 | 12:23 AM

Airbnb is rescinding its plan to bar listings in Israeli settlements in the West Bank. The home-sharing company announced in November that it would remove about 200 listings in the West Bank, which is territory claimed by Palestinians. Airbnb said...

Published:Friday | April 12, 2019 | 12:22 AMNeville Graham - Business Reporter

Pulse Investments Chairman Kingsley Cooper says he’s harboured global ambitions ever since designing the Pulse logo 40 years ago. That yearning is to be realised with the launch of Pulse Global, he says. Key to the global push is a foray into...

Published:Friday | April 12, 2019 | 12:22 AMAvia Collinder - Business Reporter

Having secured the approval of the gaming regulator in March, Supreme Ventures Limited (SVL) began rolling out its mobile app to the mainstream market last month, which allows for private betting. Except for a four-hour lockdown, from 2 a.m. to 6 a...

Published:Friday | April 12, 2019 | 12:21 AMAvia Collinder - Business Reporter

The agency that insures mortgages as one of its functions is growing concerned that loan providers may be climbing too far out on a limb to secure market share, given some of the current financing deals that offer credit at or beyond the value of...

Published:Friday | April 12, 2019 | 12:20 AM

The e-payment market is now valued at around $1.3 billion annualised based on to new information from the central bank, which announced that new rules governing the providers of electronic payment solutions now includes an allowance for larger...

Published:Thursday | April 11, 2019 | 12:21 AM

Ford is recalling 327,000 F-Series pickup trucks in North America for a second time to fix problems with engine block heater cables that can cause fires. In December, the company recalled 874,000 trucks because water and contaminants can get into...

Published:Wednesday | April 10, 2019 | 12:28 AM

Federal authorities said Tuesday that they have broken up a US$1.2-billion Medicare scam that peddled unneeded orthopaedic braces to hundreds of thousands of seniors via foreign call centres. The US Justice Department announced charges against 24...

Published:Wednesday | April 10, 2019 | 12:28 AM

The St Kitts-based Eastern Caribbean Central Bank (ECCB) says the new banknotes that will go into circulation in June will contain features that will assist visually impaired persons in the subregion. The ECCB said that it will begin circulating...

Published:Wednesday | April 10, 2019 | 12:22 AMSteven Jackson/Senior Business Reporter

Whim Development Company Limited, whose two directors are attorney Hugh Hart and businessman Albert Donaldson has proposed to develop over 875 houses in a gated community in Old Harbour, St Catherine. It would become the latest development along...

Published:Wednesday | April 10, 2019 | 12:17 AM

Orders and deliveries of Boeing’s 737 Max plunged in the first quarter as the plane was grounded around the world following a second deadly crash. Boeing disclosed Tuesday that it received no new orders for the Max in March. It took 29 net orders...

Published:Wednesday | April 10, 2019 | 12:17 AM

A man who had just bought a $8-million island off Key West was arrested Saturday for participating in what police described as a scheme to steal US$300 in household items from Kmart. Officials at Kmart called Key West police on April 5 after they...

Published:Wednesday | April 10, 2019 | 12:14 AMSteven Jackson/Senior Business Reporter

The Government is aiming to raise $5.5 billion from the initial public offering (IPO) of Wigton Windfarm, which operates wind turbines in Manchester. Concurrently, lead broker Mayberry Investments has indicated that it has priced the stock at $0.50...

Published:Wednesday | April 10, 2019 | 12:11 AM

United States Treasury Secretary Steven Mnuchin said Tuesday that his department intends to “follow the law” and is reviewing a request by a top House Democrat to provide President Donald Trump’s tax returns to lawmakers. Mnuchin also revealed that...

Published:Wednesday | April 10, 2019 | 12:11 AM

Brexit may be postponed once again this week, perhaps by as much as a year. The British economy, though, will remain a prisoner of a confidence-sapping uncertainty. While the merits of Brexit have been debated endlessly during Britain’s highly...

Published:Wednesday | April 10, 2019 | 12:11 AMAvia Collinder/Business Reporter

The Jamaica Chamber of Commerce-commissioned business and consumer confidence indices indicate that optimism among businesses and consumers remains on an upward trend. The business confidence Index increased to 151 points in the first quarter of...

Published:Wednesday | April 10, 2019 | 12:00 AM

British Prime Minister Theresa May is crisscrossing Europe in search of a Brexit delay. In London, government ministers are meeting their political opponents in search of a European Union divorce deal. Meanwhile, Britain is scheduled to leave the...

Published:Wednesday | April 10, 2019 | 12:10 AM

The Trump administration wants to tax $11.2 billion worth of EU goods – from airplanes to Gouda cheese – in a move that some experts say marks another attempt by the administration to use tariffs to reshape global trade in its favour. The import...

Published:Wednesday | April 10, 2019 | 12:00 AMNeville Graham/Business Reporter

Junior market-listed company Everything Fresh experienced a steep decline in year-end profits, but Chairman Gregory Pullen says he is not fazed since he expects revenue growth and other real benefits to flow from an aggressive expansion. The...

Published:Wednesday | April 10, 2019 | 12:07 AM

The Jamaican Government did not meet the objective of its Special Early Retirement Programme (SERP) as the level of participation achieved was only 37 per cent, or 597 public-sector workers of the take-up target of 1,600. The minister of finance,...

Published:Wednesday | April 10, 2019 | 12:06 AMSteven Jackson/Business Reporter

The industrial air-conditioning supplier CAC2000 Limited reported that its sales dropped by one-third and its losses grew more than tenfold in the January quarter 2019 compared with the previous year, arising from roadwork disruptions adjacent to...

Published:Wednesday | April 10, 2019 | 12:00 AM

Property company Stanley Motta is looking to a steady income stream for the next five years now that 58 Half-Way Tree Road is complete and fully tenanted. Year-end 2018 results for the company show a more than doubling of profits, which moved...

Published:Tuesday | April 9, 2019 | 12:15 AM

Pinterest, among the gaggle of tech companies hoping to go public this year, set a conservative price range Monday for its initial public offering (IPO). It hopes to raise as much as US$1.5 billion in its initial offering of shares. The digital...

Published:Monday | April 8, 2019 | 12:00 AM

Joseph M. Matalon has been appointed chairman of RJRGLEANER Communications Group, effective May 1. Since 1987, Matalon, has been a director of The Gleaner Company Limited, now trading as 1834 Investments Limited. He will succeed Oliver F. Clarke...

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