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Business

Published:Sunday | April 7, 2019 | 12:00 AM

COLUMN: FOREIGN POLICY In almost every country in the Caribbean, tourism has been transformative. As an economic driver it has largely outpaced other sectors to the extent that in much of the region the industry now generates the largest national...

Published:Sunday | April 7, 2019 | 12:00 AM

ADVISORY COLUMN: INSURANCE HELPLINE Cyber scammers, says Philadelphia journalist Jared Shelly, tricked leading US tech companies, Facebook and Google, into “wiring away millions by simply asking for the money via email”. The main perpetrator, a...

Published:Sunday | April 7, 2019 | 12:20 AM

OP-ED CONTRIBUTION: PRODUCTIVITY If you manage an extremely high number of tasks, it's a mistake to accept productivity advice from just about anyone. Instead, you should use special solutions tailored for people like you. CEOs I have worked with...

Published:Monday | April 8, 2019 | 9:43 AM

I am a 24-year-old registered nurse who has been working for almost two years. My dream is to own a home within five years’ time, but I’m making a small amount of income that is mostly used to pay student loans and rent. Could you provide me with...

Published:Sunday | April 7, 2019 | 12:09 AM

Proven REIT Limited will be developing middle-class housing in St Ann, where the ­company aims to build about 100 apartments. “Negotiations are ongoing to acquire the land,” said President...

Published:Sunday | April 7, 2019 | 12:07 AMAvia Collinder - Business Reporter

Fearing that sales were being ­cannibalised by two stores being located too closely together, Fish Pot Restaurant operators have closed the outlet located at Half-Way Tree Square in Kingston ­despite its popularity. Simultaneously, the fast-food...

Published:Friday | April 5, 2019 | 9:58 AM

The rise of Alexandria Ocasio-Cortez, and the introduction of her controversial New Green Deal, has convulsed both sides of the political aisle in Washington. She has been attacked with slurs of being socialist and communist – words that carry...

Published:Friday | April 5, 2019 | 12:28 AMHuntley Medley - Senior Business Writer

The five Russell siblings of Montego Bay, owners of the all-inclusive three-star Deja Resort on the western city’s famed ‘Hip Strip’, are satisfied that they have brought their property and brand to a level where it can be now be successfully...

Published:Friday | April 5, 2019 | 12:00 AM

China’s expansion in Latin America of its Belt and Road initiative to build ports and other trade-related facilities is stirring alarm in Washington over Beijing’s ambitions in a region that American leaders, since the 19th century, have seen as...

Published:Friday | April 5, 2019 | 12:00 AM

Facial recognition technology was already seeping into everyday life – from your photos on Facebook to police scans of mugshots – when Joy Buolamwini noticed a serious glitch: Some of the software could not detect dark-skinned faces like hers....

Published:Friday | April 5, 2019 | 12:00 AMSteven Jackson - Senior Business Reporter

Trinidadian businessman Arthur Lok Jack, a key shareholder in Guardian Holdings Limited, GHL, is giving consideration to adjusting a three-year loan arrangement with NCB Financial Group in a bid to appease the finance ministry in Trinidad and...

Published:Friday | April 5, 2019 | 10:02 AMSteven Jackson - Senior Business Reporter

J amaicans will, in a few weeks, be able to buy cryptocurrencies through their local brokers in the second trial of the Blockstation platform by the Jamaica Stock Exchange, JSE, which comes amid a 25 per cent rise in the value of Bitcoin since...

Published:Friday | April 5, 2019 | 12:17 AM

T rade tensions between China and the United States, US, are putting a drag on economies in the region, with growth likely to continue to slow in the coming two years, the Asian Development Bank, ADB, says in a report released Wednesday. The...

Published:Friday | April 5, 2019 | 12:15 AM

Britain’s huge services sector contracted in March for the first time since the immediate aftermath of the vote in June 2016 to leave the European Union, EU, as firms put off new investments until the fog of Brexit has been lifted, a survey found...

Published:Friday | April 5, 2019 | 12:00 AMAvia Collinder - Business Reporter

Construction company Tank-Weld Metals Limited is more than halfway through a large warehousing project at Ferry, on the Kingston-St Catherine border, that will deliver 320,000 square feet of storage space for lease to other companies. The 10-acre...

Published:Friday | April 5, 2019 | 12:00 AMAvia Collinder/ Business Reporter

Now that the Government of Jamaica has eased the tax burden on real estate transactions, mortgage providers are already jockeying for market share with new financing deals. At the same time that private banks are making it easier for property...

Published:Friday | April 5, 2019 | 12:14 AMNeville Graham - Business Reporter

W orthy Park Estates is looking to rum for more revenue, saying its reputation as Jamaica’s most efficient estate is not enough to overcome changes in the sugar market that are driven by external events. In a continued tweak of its more than 300-...

Published:Friday | April 5, 2019 | 12:00 AMMcPherse Thompson/Assistant Editor - Business

The Court of Appeal has sided with John Jackson’s firm Bridgeton that its margin trading contract dispute with Mayberry Investments should be resolved through arbitration. The appellate decision handed down in March upheld a Supreme Court ruling...

Published:Friday | April 5, 2019 | 12:13 AMNeville Graham - Business Reporter

C OK Sodality Co-operative Credit Union is moving to shore up its capital base and finance a new core banking system by issuing a five-year deferred share offer to its membership that seeks to raise about $600 million. The year-long subscription...

Published:Thursday | April 4, 2019 | 12:29 AM

Legal troubles are piling up for Carlos Ghosn after French carmaker Renault said Wednesday it had flagged to judicial authorities serious problems with his expenses during his time as chairman of the company. Renault’s statement suggests the...

Published:Thursday | April 4, 2019 | 12:23 AMSteven Jackson - Senior Business Reporter

A financing deal struck between Jamaica’s NCB Financial Group and large shareholders of Guardian Holdings Limited, GHL, is turning out to be an impediment to the Jamaican banking conglomerate’s takeover of the regional insurance giant based in...

Published:Wednesday | April 3, 2019 | 11:00 AM

UK lawmakers on Friday rejected the government’s divorce agreement with the European Union (EU) for a third time, leaving Britain just two weeks to decide between a long delay to Brexit and an abrupt no-deal departure from the bloc. The House of...

Published:Wednesday | April 3, 2019 | 12:00 AMSteven Jackson/ - Senior Business Reporter

A financing deal struck between Jamaica’s NCB Financial Group and large shareholders of Guardian Holdings Limited, GHL, is turning out to be an impediment to the Jamaican banking conglomerate’s takeover of the regional insurance giant based in...

Published:Wednesday | April 3, 2019 | 12:16 AM

Panama sees a “big opportunity” in China’s massive ‘Belt and Road’ infrastructure initiative, President Juan Carlos Varela said Tuesday during a visit to Hong Kong amid ambitious plans and proposals for Chinese-built bridges and rail lines. Varela...

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