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Business

Britain testing ‘no-deal’ scenario as Brexit vote nears

Published:Monday | January 7, 2019 | 12:00 AM

LONDON (AP):Britain is testing how its motorway and ferry system would handle a 'no-deal' Brexit by sending a stream of trucks from a closed local airport to the port of Dover - even as some legislators try to pressure the government to rule out the...

No words: Mastercard to drop its name from logo

Published:Monday | January 7, 2019 | 12:00 AM

What's in a name?For 'MasterCard', not enough to keep it in the logo.The company is removing the word Mastercard from the pair of interlocking red and yellow circles where it has resided for more than 50 years.Mastercard Inc joins a small stable of...

NCB Group to grow revenues to US$1.5 B with GHL assets

Published:Monday | January 7, 2019 | 12:00 AMSteven Jackson/Senior Business Reporter

Jamaica-based NCB Financial Group (NCBFG) has indicated that its consolidated revenues with Trinidad-based Guardian Holding Limited (GHL) would surpass US$1.5 billion, or just under J$200 billion, provided GHL shareholders accept the offer now...

Knutsford Express to acquire Florida bus company

Published:Tuesday | January 8, 2019 | 12:00 AMSteven Jackson/ Senior Business Reporter

Knutsford Express Services Limited (KEX), the luxury passenger and courier transportation company, plans to acquire a United States-based bus company as part of the effort to expand its locally based cross-country bus service."KEX has advised that...

Can Trump declare emergency to build his wall?

Published:Tuesday | January 8, 2019 | 12:00 AM

WASHINGTON (AP):The Trump administration is weighing using a national emergency declaration to circumvent Congress and the budget stalemate and force construction of the president's long-promised southern border wall."We're looking at a national...

Nissan’s ex-chair Ghosn appears in court, asserts innocence

Published:Tuesday | January 8, 2019 | 12:00 AM

TOKYO (AP):The former chairman of Japan's Nissan Motor Co, Carlos Ghosn, denied any wrongdoing and proclaimed his loyalty to the company at a court hearing in Tokyo on Tuesday.It was Ghosn's first public appearance since he was arrested on November...

Eppley to acquire more property to boost investment

Published:Tuesday | January 8, 2019 | 12:00 AMSteven Jackson/ Senior Business Reporter

Eppley Limited, which manages real estate assets mainly in Barbados through a listed entity, Eppley Caribbean Property Fund Limited, is contemplating acquiring more properties valued at up to US$20 million to bolster its return on investment.The...

World Bank President Jim Yong Kim announces his departure

Published:Monday | January 7, 2019 | 12:00 AM

WASHINGTON (AP):Jim Yong Kim, the president of the World Bank, announced on Monday that he is resigning at the end of January.Kim's unexpected departure nearly three years before his term was set to expire is likely to set off a fierce battle...

David Jessop | Complex int'l outlook reinforces need for regional integration

Published:Friday | January 4, 2019 | 12:00 AM

On New Year's Day, Jair Bolsonaro, Brazil's new neo-conservative President took office. Populist, avowedly anti-communist, strongly pro-business, and not enamoured with Mercosur, his approach to foreign policy shows every sign of polarising an...

NCB's offer for Guardian shares closes February 7

Published:Tuesday | January 1, 2019 | 12:00 AMSteven Jackson

NCB Financial Group (NCBFG) last week announced its bid to acquire additional shares in Guardian Holding Limited (GHL) in an offer that will close on February 7.The lead broker for the offer is Republic Securities Limited."Full acceptance of the...

Realtors expect increase in property sales this year

Published:Friday | January 4, 2019 | 12:00 AMAvia Collinder

Realtors say they expect an increase in demand for first-time homebuyers in 2019 even as they indicate that those who rent homes are experiencing harder times as property owners list with Airbnb, the online community marketplace that connects people...

Oran Hall | Bonds and preference shares for income, safety of principal

Published:Friday | January 4, 2019 | 12:00 AM

I read your column published in The Gleaner yesterday, and I must say that it was quite enlightening as it answered some of the questions that I had regarding investing in stocks. I currently have savings that I would like to invest but would like...

Old Media Careers Are Obsolete In the Digital Landscape

Published:Friday | January 4, 2019 | 12:00 AMCaren Waugh

Globally, a career in journalism today is more than just writing, editing, and reporting. According to research, many students who graduated from college a few years ago with a degree in journalism or related fields thought that their degrees would...

Yaneek Page | Here's why every business partnership needs a prenup

Published:Friday | January 4, 2019 | 12:00 AM

Question: Good day, Ms Page, I was part of the development of a business called xxxxxx.It ideally never started as that name, and we went through a lot of transition to be where it is now. It was a partnership along with my friend and his relative....

Main Event earns $63m in revenues from weddings

Published:Friday | January 4, 2019 | 12:00 AM

Main Event Entertainment Limited, the event management, production, promotions, and digital signage solutions company, earned more than $63 million from the wedding market in its first year of venturing into that market.The wedding division, called...

Cedric Stephens | Time is ripe to overhaul motor accident compensation system

Published:Friday | January 4, 2019 | 12:00 AM

Ten years ago, I wrote that "... victims and dependents of those who were injured or killed in the Portland (market truck) accident are unlikely to get any compensation ..." Sadly, the prediction was spot-on. Last month's review by this newspaper of...

JSE MARKET SUMMARY

Published:Saturday | January 5, 2019 | 12:00 AM

JSE WEEKLY MARKET SUMMARYIn Friday 's trading session the following reflect the movement of the JSE Indices: -The JSE Combined Index declined by 4,286.82 points ( 1.11 %) to close at 381,219.54.The JSE Index declined by 4,552.15 points ( 1.20 %) to...

Recapitalisation will provide BOJ with steady income stream

Published:Monday | December 31, 2018 | 12:00 AMAvia Collinder

The central bank's authorised capital is to be increased to $28 billion based on the revision to the Bank of Jamaica (BOJ) Act. Of that amount, $22.6 billion is expected to be paid up based...

Gaza cafe owner offers fish pedicures to improve business

Published:Wednesday | January 2, 2019 | 12:00 AM

When Mahmoud Othman tried to figure a way to save his cafe business in the beleaguered Gaza Strip, he was amazed by online videos of tourists in Turkey getting fish pedicures.That got him...

Bad policy decisions in the Jamaican electricity market

Published:Wednesday | January 2, 2019 | 12:00 AM

When it comes to the regulation of the electricity sector, we really know today what works and what does not.What does not work, for example, is simply privatising a public utility monopoly...

St. Vincent calls for united CARICOM approach to EU demands

Published:Wednesday | January 2, 2019 | 12:00 AM

St Vincent and the Grenadines is calling for a Caribbean Community (CARICOM) response to the move by the European Union (EU) regarding the establishment of international businesses in the...

... Attorney wants EU brought before international courts

Published:Wednesday | January 2, 2019 | 12:00 AM

A St Vincentian opposition legislator, incensed at the move by the European Union to force Caribbean Community, (CARICOM) countries to adopt measures regarding the establishment of international...

Expect 2019 to be quiet in Congress for small business

Published:Wednesday | January 2, 2019 | 12:00 AM

Small business issues often win bipartisan support on Capitol Hill, but given the divisions in the incoming 116th Congress, advocates for companies have low expectations.Even after lawmakers...

Why slowing economies could prod US and China to reach deal

Published:Wednesday | January 2, 2019 | 12:00 AM

The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness.The import...

Sports betting may seem easy. It’s not. Here’s why

Published:Wednesday | January 2, 2019 | 12:00 AM

Wanna bet on sports?First, make sure you know what you're doing - and the odds against you.Seven US states now offer legal sports gambling, and as many as 30 more will consider jumping on board in...

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