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Business

Informal economy may pose problem to plastic ban

Published:Wednesday | January 2, 2019 | 12:00 AMNeville Graham

Key retailers are charging for alternative carrier bags following the Jamaican Government's ban on single-use plastic bags. At the same time, at least one businessman has cautioned that while...

Everything Fresh to acquire meat processor

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

Kingston-based Everything Fresh Limited, which mainly sells imported food to the hotel trade, said a pending acquisition of a meat processor will more than double its staff to 65 while allowing it entry into...

Jamaica’s trade deficit with CARICOM widens

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

Jamaica's trade deficit with the Caribbean Community, (CARICOM), increased to US$351.2 million during the period January to October last year, according to the figures released by the Statistical Institute...

Poor controls led to fraud at Dunn's River Falls, says audit

Published:Thursday | January 3, 2019 | 12:00 AMAvia Collinder

The Urban Development Corporation (UDC) has revealed that missing documentation and poor controls have led to fraud at the development company's main revenue driver, Dunn's River Falls, Ocho...

JMMB CEO for Jamaica operations resigns

Published:Thursday | January 3, 2019 | 12:00 AMsteven jackon

JMMB Group (JMMB) has advised that Kisha Anderson will leave office as country manager for Jamaica following her resignation, which becomes effective on March 31.She resigned in order to pursue other interests. JMMB...

Day 13: New Congress, same old impasse over Trump's wall

Published:Thursday | January 3, 2019 | 12:00 AM

WASHINGTON (AP):The partial government shutdown entered a 13thday Thursday with House Democrats prepared to pass their plan to reopen government and President Donald Trump accusing them of...

Even 'safe' funds fell in 2018

Published:Thursday | January 3, 2019 | 12:00 AM

The past year felt dismal for investors. Even worse, the gloom was all-encompassing.Mutual funds of all types sank. Even those funds that are typically steadier during turbulent markets struggled through what became the...

St. Vincent to establish medical marijuana industry

Published:Thursday | January 3, 2019 | 12:00 AM

The St Vincent and the Grenadines Parliament was expected to approve on Thursday laws establishing a medical marijuana industry in the country.The bills are expected to become law amid concerns among...

$23.6B circulated in December 2018, says BOJ

Published:Thursday | January 3, 2019 | 12:00 AM

During the last six days of December 2018, the Bank of Jamaica (BOJ) recorded net currency issue of $5.45 billion to financial institutions, substantially above its projection.The currency issue for the...

Stocks start 2019 on back foot after weak Chinese data

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

BEIJING:Stock markets started the new year with a tumble as disappointing Chinese economic data on Wednesday renewed concerns that a global trade war is weighing on growth.In Europe, France's CAC 40 fell 1.6 per cent to 4,653 and Germany's DAX...

Japan proclaims January 9 Blue Mountain Coffee Day

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

The Japanese have legislated that January 9 be proclaimed Jamaica Blue Mountain Coffee Day in Japan in recognition of that date on which the largest shipment of the product left Kingston to the Asian country in 1967.That followed the first direct...

Court extends detention for Nissan ex-chair Ghosn by 10 days

Published:Monday | December 31, 2018 | 12:00 AM

Former Nissan chairman Carlos Ghosn will be detained at least through January 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall.Ghosn, who led Nissan Motor Co....

US Ambassador: Major trade deal with UK may not be possible

Published:Monday | December 31, 2018 | 12:00 AM

The US ambassador to Britain has cast doubts on whether a major bilateral trade deal can be reached if Parliament approves the Brexit proposal from Prime Minister Theresa May.Robert 'Woody'...

Barita delays non-renounceable rights issue

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

Barita Investments Limited has delayed its non-renounceable rights issue in order to get shareholders' approval at an extraordinary general meeting, EGM, on January 17.In a new notice on December 21, board directors said that "while we are assured...

Eppley graduates to main JSE market

Published:Monday | December 31, 2018 | 12:00 AMSteven Jackson/Senior Business Reporter

Investment company Eppley Limited, which provides financing for businesses, has become the first company to transition from the junior market of the Jamaica Stock Exchange (JSE) to the main market in a move described as net positive.Eppley's...

ECB may raise interest rates

Published:Tuesday | January 1, 2019 | 12:00 AM

The European Central Bank ECB, could raise interest rates for the first time since 2011.The bank, which has already closed out its bond-buying stimulus programme, has signalled no increase in rates before the fall. That...

World stocks rise on last day of turbulent year

Published:Monday | December 31, 2018 | 12:00 AM

Stock markets mostly rose Monday on the last day of a volatile year, after US President Donald Trump said he expected to resolve trade friction with China after speaking with Chinese President Xi Jinping.In Europe, the CAC 40 of France rose 1.1 per...

When it comes to natural gas, US is ‘open’ for business

Published:Friday | December 21, 2018 | 12:00 AM

Last November, diplomats from Brazil to Japan joined oil and gas executives at the headquarters of Washington's largest lobbying group to christen a new partnership.Inside the marble walls of...

Plastics maker to cut jobs, after rejection of ban alternative

Published:Thursday | December 27, 2018 | 12:00 AMNeville Graham

The plastics ban, which takes effect on January 1, will see Agri & Industrial Packaging Limited cutting a fifth of its workforce...

Proven buys large stake in JMMB, as NCB exits

Published:Thursday | December 27, 2018 | 12:00 AMSteven Jackson

Proven Investments Limited has acquired a 20 per cent stake in financial conglomerate JMMB Group Limited for $9.2 billion."We are now the largest individual shareholder in JMMB," said Christopher Williams, the president and CEO of Proven Management...

JAMT reshapes retail holdings in Bay City deal

Published:Thursday | December 27, 2018 | 12:00 AM

Jamaican Teas Limited said its retail subsidiary says that JRG Shoppers Delite Enterprise Limited, has signed a sale-and-purchase agreement that will result in the disposal of its minority stake in Bay City Foods Limited, a supermarket operation in...

Stacey-Ann Mighty Whyte | Benefits of pension funds

Published:Friday | December 28, 2018 | 12:00 AM

Retirement should be a time of happiness. It should be a time when you get to catch up on some of the things that you had always wanted to do but didn't had the time to.Recently, my church sister retired from teaching at a prep school in Kingston,...

Francis Wade | How your business can sell a transformation

Published:Friday | December 28, 2018 | 12:00 AM

It's obvious in hindsight. Our very best customer service memories happened when something special left us different than we were before.As a result, when we approached the seller again, we were not the same person. We had been transformed.Lest you...

You don't have to live by these money myths

Published:Friday | December 28, 2018 | 12:00 AM

We're told that experiences are supposed to make us happier than stuff - turns out that may apply mostly to the affluent. The famous marshmallow test that predicts future success, based on which kids can resist an immediate treat?That research has...

Wells Fargo to settle fake accounts case

Published:Friday | December 28, 2018 | 12:00 AM

(AP):Wells Fargo will pay US$575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating fake accounts opened without the knowledge of customers and a string of other dodgy practices....

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