At the conclusion of the recent special summit in Trinidad, Caricom heads of government issued the 'St Ann's Declaration'.It set out in the dusty language of officialese the measures being taken to breathe life into the stalled Caricom Single Market...
Once its foreign import rival in the paint market, Berger has brought the production of Penta paints in-house, a new arrangement that migrates manufacturing business formerly done in Trinidad...
Published:Wednesday | December 12, 2018 | 12:00 AM
Incomes in the United States are 12 times higher than in Jamaica.Still, many basic commodities are, on average, much more expensive here. Milk, for example, costs three times as much as in the US. This economic weakness...
Published:Wednesday | December 12, 2018 | 12:00 AM
Food and financial services conglomerate GraceKennedy Limited has big plans for the expansion of a new joint-venture food business in the United States.Patty manufacturer Majesty Foods is based in Florida...
Published:Wednesday | December 12, 2018 | 12:00 AM
Stewart's Automotive Group, one of the largest car dealers in Jamaica, plans to build a large complex spanning over 5,000 square metres on South Avenue in Kingston.The company is pumping more than US$...
Verizon's big bet on digital advertising isn't panning out.The wireless company spent more than US$4 billion to buy AOL and nearly US$5 billion to buy Yahoo as part of an effort to compete with Facebook and Google in...
The European Central Bank (ECB) is ending the stimulus programme that helped nurse the Eurozone economy back to health over the past four years - despite the emergence of new risks, including a...
Minister of Tourism Edmund Bartlett, in conversation with financial and market analysts, acknowledged criticism that the leakage of earnings from the tourism sector was as high as 70...
Published:Wednesday | December 12, 2018 | 12:00 AM
A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington.Sales of SUVs, sedans and minivans in the global industry's biggest...
Caribbean Cement Company Limited and its mining subsidiary have acquired a five-year loan from National Commercial Bank Jamaica that will be used mainly to repay older debt.The $3.096 billion loan proceeds will be distributed in the US dollar...
A new company, Regency Petroleum Limited (RPL), has entered the domestic cooking-gas market, which brings the number of players to five.RPL's entry comes months behind the debut of Yaadman LPG, which is being marketed by GB Energy Jamaica, the...
Scotia Group Jamaica Limited will distribute life insurance products on behalf of Sagicor Group Jamaica's insurance arm, for which it will earn fees, once the sale of its life insurance business is concluded.The No. 2 banking group will set up a new...
Pharmacy company Fontana Limited will wrap up the development of its sixth store next year in Kingston, but is already looking for new sites in Montego Bay and Portmore to expand the chain even further.Fontana disclosed the expansion plans as it...
The Haiti operation of the Jamaica Broilers Group are substantial enough to now be classified as its own geographic segment.That decision was put into effect over seven months ago, and now the poultry company has followed that up with an increased...
Top European Union officials on Tuesday ruled out any renegotiation of the divorce agreement with the United Kingdom, as Prime Minister Theresa May fought to save her Brexit deal by lobbying leaders in Europe's capitals.May began her quest over...
Online retailers are getting physical. A growing number of brands born on the Internet are now opening brick-and-mortar stores and moving into the suburban malls once considered doomed as more Americans shopped online.But they're taking it even...
Soap maker and lumber distributor Blue Power Group continues to operate debt-free while racking up double-digit revenue growth, having paid off its loans last year."We had a loan with Development Bank of Jamaica to install solar [power]. But when we...
The income derived from a pension plan can be very important as it may be the only source of funds or a very important supplemental income for a retiree. This becomes more critical with an increase in life expectancy.Some employers have pension...
Goodyear Tire & Rubber Company is halting production in Venezuela, making it the latest international corporation to abandon a South American nation in economic crisis, officials said Monday...
Jan Keil is an assistant professor in the Department of Economics at the University of the West Indies. He made his first contribution to this newspaper as guest columnist writing on 'Competition in the Jamaican banking...
The returns on local equities more than doubled returns on foreign currency investments during the September quarter, the Bank of Jamaica, BOJ, has reported.Equities delivered 14 per cent return over the quarter compared to six per cent for hard...
Insurance company Guardian Life Limited and its former vice-president and actuary, Catherine Allen, are locked in a legal battle in a claim she filed for wrongful dismissal.The case also involves Guardian's decision to tap $1.25 billion of its...
QUESTION: I enjoy doing garment construction/fashion designing, but I've always heard that you should dress for success, as in whatever your dreams are, dress for it and it will come to you. However, as a fashion designer I like to make clothing for...
QUESTION: I just want to know how to pick a stock. When do I buy and sell my stocks when I invest? What indicators do I use to choose a stock-broker and how do I choose which stock broker is beneficial to me?MichaelFINANCIAL ADVISER: If you want to...
Since the mid-2000s, the ability of the Caribbean tourism sector to generate rapid economic growth has been widely accepted by international financial institutions such as the IMF, World Bank and the Inter-American Development Bank.This seems to...
