Sat | Nov 17, 2018

Business

Published:Friday | November 16, 2018 | 12:00 AM

In the past five years,the Bank of Jamaica, BOJ,has spent US$2.5 billion defending the local currency.That's according to Dr Uma Ramakrishnan, International Monetary Fund, IMF, mission chief...

Published:Friday | November 16, 2018 | 12:00 AM

Get serious. That's the plea from the International Monetary Fund, IMF, which wants the Government of Jamaica to looking more closely at the burden on the public purse and workforce size when prioritising...

Published:Friday | November 16, 2018 | 12:00 AM

Telecommunications company Flow Jamaica, which is turning to so-called hybrid plans meant to have subscribers spend more on its services, is already seeing a six per cent gain in...

Published:Friday | November 16, 2018 | 12:00 AM

Wisynco Group has found a way to carve out additional business from new rules governing sugary drinks, as seen in increased volume sales of water and its flavoured variations, but it...

Published:Friday | November 16, 2018 | 12:00 AM

Come month end, GraceKennedy Remittance Services Limited, GKRS, is headed to court to challenge a decision by the tax authorities in Guyana that it underpaid taxes there by more than $240...

Published:Friday | November 16, 2018 | 12:00 AM

Telecommunications provider Digicel Group has delayed yet again the deadline for its offer to bondholders, aimed at extending the timeline for repayment on US$3 billion of its debt by two years.Separately, Jamaican...

Published:Friday | November 16, 2018 | 12:00 AM

Port company Kingston Wharves Limited, KWL, has pumped a total of more than half-billion dollars into SSL REIT, the property investment vehicle of Stocks and Securities Limited, for an undisclosed stake in the company...

Published:Friday | November 16, 2018 | 12:00 AM

The International Monetary Fund, IMF, said on Thursday its executive board will meet in the "coming weeks" to discuss the failure of the Venezuelan government to provide updated figures on its troubled economy...

Published:Thursday | November 15, 2018 | 2:44 PM

Salada Foods Jamaica Limited, local manufacturer of instant coffee products, announced today that it would support the local market with a $100 million purchase of beans from small farmers. Salada stated in a filing to the Jamaica...

Published:Thursday | November 15, 2018 | 12:00 AM

German automaker Volkswagen will convert three factories in Germany to manufacture electric cars, ramping up production of zero-local emission cars ahead of tougher European emissions standards, the company said Wednesday.Wolfsburg-based Volkswagen...

Published:Wednesday | November 14, 2018 | 12:04 AM

Amazon Inc, which has grown too big for its Seattle hometown, has confirmed that it will split its much-anticipated second headquarters between New York City and Arlington, Virginia.Its New York location will be in the Long Island City neighbour-...

Published:Wednesday | November 14, 2018 | 12:00 AMAvia Collinder/ Business Reporter

The International Monetary Fund (IMF) sees emerging fiscal risks for Jamaica - the top three of which relate to the bauxite and energy sectors - which it says will have to be managed carefully so as not to derail the economic programme under way....

Published:Wednesday | November 14, 2018 | 12:00 AM

The Fair Trading Commission (FTC) has determined that adequate safeguards are in place to mitigate the potential anti-competitive effects that may arise from the divestment of Jamaica's two international airports to the same entity.Last month, the...

Published:Wednesday | November 14, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Telecommunications provider Cable & Wireless Jamaica, C&WJ, which trades as Flow Jamaica, confirmed that its parent company aims to take 100 per cent control of outstanding shares...

Published:Wednesday | November 14, 2018 | 12:00 AM

New Fortress Energy, the American company that develops gas infrastructures and supplies natural gas to Jamaica, has considered listing its shares on the Nasdaq stock exchange, but has redacted the pricing and amount set for the initial public...

Published:Wednesday | November 14, 2018 | 12:00 AMNeville Graham/Business Reporter

A foreign investor in Jamaica's largest solar farm under construction in Westmoreland will be floating shares on the Jamaica Stock Exchange, via an initial public offering likely by month-end, as part of a regional plan to raise US$200 million in...

Published:Wednesday | November 14, 2018 | 12:00 AM

Higher oil prices are helping to offset increases in public spending by the Middle East's oil-exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by US$77 billion, the International Monetary Fund (IMF) said...

Published:Wednesday | November 14, 2018 | 12:00 AM

A JetBlue flight from Boston landed in Havana on Saturday, as the United States airline expanded its routes to Cuba despite a drop in American visitors amid tensions between the countries.The plane with more than 120 passengers on board was received...

Published:Wednesday | November 14, 2018 | 12:00 AM

Audit and accounting KPMG has invested US$3 million ($380 million) to set up a new outsourcing office in Kingston, formalising a service that it has been offering for two years.Its sole client since 2016 has been KPMG in US, but even with Tuesday's...

Published:Tuesday | November 13, 2018 | 12:00 AM

OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as one million barrels of oil a day, to rebalance the market after US sanctions on Iran failed to cut Tehran's output, Saudi Arabia's energy minister...

Published:Sunday | November 11, 2018 | 12:00 AMMcPherse Thompson

Cable & Wireless Jamaica, C&WJ, is appealing the decision of the Supreme Court on a preliminary point of law that there is nothing precluding a Jamaican court from granting permission for the hearing of a claim outside of the country...

Published:Sunday | November 11, 2018 | 12:00 AMAvia Collinder

Sugar marketer Jamaica Cane Products Sales Limited (JCPS) is laying off its entire staff as it contemplates winding down the business, Chairman Karl James confirmed on Friday, even as it looks to the Government for help.James blames the agency's...

Published:Sunday | November 11, 2018 | 12:00 AM

For some years now, several smaller Caribbean governments have been interested in increasing the number of shared embassies overseas in which one ambassador jointly represents several nations.The idea principally arises out of a desire to make cost...

Published:Sunday | November 11, 2018 | 12:00 AMSteven Jackson

NCB Financial Group has been solidly ensconced at the top of Jamaica's commercial banking market for several years, but having just hit another profit milestone and with nearly $980 billion in assets, its managers believe they are well placed to...

Published:Sunday | November 11, 2018 | 12:00 AM

Dr Alfred Dawes is a medical doctor. More precisely, he is a general laparoscopic and weight-loss surgeon.Grammarly, a digital writing assistant, has rated me as being among the top 10 per cent of its subscribers who use unique words. Should I be...

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