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Business

Published:Wednesday | January 15, 2025 | 12:11 AM

The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday. Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs...

Published:Wednesday | January 15, 2025 | 12:10 AM

A federal appeals court says the Securities and Exchange Commission of the United States, SEC, needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector — although the judges...

Published:Wednesday | January 15, 2025 | 12:07 AMLuke Douglas/Senior Business Reporter

Having gotten predictions wrong in the recent past, the country’s egg farmers are being cautious in saying when they think the shortage of eggs will end. President of the Jamaica Egg Farmers Association Mark Campbell says he does not know when the...

Published:Wednesday | January 15, 2025 | 12:07 AM

AS Bryden and Sons Holdings Limited, ASBH, as the new majority owner of purveyor and food manufacturer Caribbean Producers Jamaica Limited, has made a mandatory offer for outstanding minority CPJ shares, but only intends to take up just over 51.78...

Published:Wednesday | January 15, 2025 | 12:06 AM

Innovative Energy Group Limited, IEG, is targeting big market share gains in the commercial, residential and utility scale business segments as it projects over US$100 million in total revenues over the next five years. In announcing the target,...

Published:Wednesday | January 15, 2025 | 12:05 AMNeville Graham/Business Reporter

Automotive distributor Louis Industrial, LIG, is making a big push to further its Jamaican and regional business. The supplier of lubricants has announced a new partnership with the Orlen Group as sole distributor of its premium lubricants line....

Published:Tuesday | January 14, 2025 | 1:44 PM

GraceKennedy Limited has named Frank James as its new Chief Executive Officer (CEO) as it announced the retirement of Don Wehby from the post. In October last year, Wehby announced he was taking temporary leave from his role to focus on his health...

Published:Tuesday | January 14, 2025 | 12:15 AM

The administrator of the Panama Canal said on Friday that the vital waterway will remain in Panamanian hands and open to commerce from all countries, rejecting claims by United States President-elect Donald Trump that the United States should take...

Published:Monday | January 13, 2025 | 7:29 PM

The deal to sell the NCB Jamaica subsidiary, NCB Cayman, has fallen through just about a year after it was first announced. In early February 2024, National Commercial Bank Jamaica Limited, NCBJ, announced the execution of a sale agreement with...

Published:Sunday | January 12, 2025 | 12:09 AM

Increased restrictions on product returns by major global retailers, including Amazon, could reshape consumer and business dynamics, and spell good news for some local enterprises. The controversial policy changes are expected to cause deepening...

Published:Sunday | January 12, 2025 | 12:09 AM

The angels have stopped their singing, but there are heralds from 2024 that 2025 will not be all rosy; it will be good for some but not for others. While there will be challenges for those reaping the bad, there is no guarantee that those...

Published:Sunday | January 12, 2025 | 12:09 AM

A turbulent world demands game-changing strategies. Companies need to stand out, but executives quickly learn that setting exaggerated goals has its limits. Is there a way to engage staff and board with big aspirations while retaining credibility?...

Published:Sunday | January 12, 2025 | 12:17 PM

National Rums of Jamaica Limited has sought the intervention of the Jamaica Fair Trading Commission, FTC, to address alleged anti-competitive practices by large players, including J. Wray...

Published:Sunday | January 12, 2025 | 12:05 AM

The news gods coaxed me to write today’s article. First, there were my two condo-owning friends. They independently sought advice about insurance of properties that are governed by the Strata Titles Act. Our discussions took place in the context of...

Published:Sunday | January 12, 2025 | 12:05 AMLuke Douglas - Senior Business Reporter

Following a devastating fire at the production plant of Pure National in Kingston last November that hobbled the dominant player in the market for block ice, eyebrows were raised when the Jamaican government granted permission for the importation...

Published:Friday | January 10, 2025 | 12:08 AM

Main Event Entertainment Group Limited, a provider of stage and lighting for large events, reported a two-thirds decline in annual profit to $70.1 million from $207 million in the previous year. It was a challenging year for the entertainment...

Published:Friday | January 10, 2025 | 12:08 AM

CIBC Caribbean Bank Jamaica Limited grew its capital by 39 per cent to nearly $20 billion following the issuance of shares to its parent, its year-end financial report shows. Concurrently, the bank reported a two-thirds drop in profit. CIBC said...

Published:Friday | January 10, 2025 | 12:07 AMNeville Graham - Business Reporter

Pension funds and other institutional investors snapped up a long-term bond placed on the Jamaican market by the University of the West Indies, Mona, to raise $3 billion. UWI Mona Principal, Professor Densil Williams, said the private placement of...

Published:Friday | January 10, 2025 | 12:07 AM

Interior lighting aimed at reducing motion sickness. Shiny holographic dashboards displayed on windshields. And AI-powered voice assistants paired with infotainment systems to keep you company on long drives. Automakers pulled out all the stops to...

Published:Friday | January 10, 2025 | 12:06 AMRuti Teitel - Guest Columnist

US President-elect Donald Trump clearly does not intend to pursue a ‘good neighbour’ policy. He has been mocking Canadian Prime Minister Justin Trudeau by calling him ‘governor’, while proclaiming that a country of 40 million people should become...

Published:Friday | January 10, 2025 | 12:06 AM

Cargo Handlers Limited, operator of port services in Montego Bay, continues to work through a container backlog. “The Port of Montego Bay is carrying over a backlog of full container loads, less than full, or consolidated containers into January,”...

Published:Friday | January 10, 2025 | 12:06 AM

Passenger movements through the Kingston international airport was up, but traffic was down for Montego Bay in 2024. Overall, the country’s two largest airports recorded a decline in passenger traffic by about two per cent. New airlift, hype...

Published:Thursday | January 9, 2025 | 12:06 AM

Amid a looming ban on TikTok in the United States, content creators have been pushing the platform’s sister app. Lemon8 resembles an amalgamation of the types of short-form videos found on TikTok and the picture-perfect aesthetic of Instagram and...

Published:Thursday | January 9, 2025 | 12:06 AM

President-elect Donald Trump said Tuesday that he would move to try to rename the Gulf of Mexico to the “Gulf of America”, a name he said has a “beautiful ring to it.” It’s his latest suggestion to redraw the map of the Western Hemisphere. Trump...

Published:Wednesday | January 8, 2025 | 4:46 PM

Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $1.78 to sell for $154.13 per litre and a litre of E-10 90 will also go up by $1.31 to sell for $162.58....

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