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Business

Published:Sunday | March 8, 2020 | 12:27 AM

World stocks and the price of oil dropped sharply again Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus outbreak. Rumours that Chinese officials might be overstating the extent to...

Published:Sunday | March 8, 2020 | 12:26 AM

ADVISORY COLUMN: PRODUCTIVITY As an executive, you must make an annual decision about your organisation’s strategic plan. Should the exercise be done as a team, hire outsiders to perform a study, or simply fall back on the CEO’s thinking? While...

Published:Sunday | March 8, 2020 | 12:25 AM

ADVISORY COLUMN: INSURANCE HELPLINE Last Wednesday night my wife unexpectedly shared with me a message she received from a WhatsApp group. It originated from the Catholic Media Services Limited, CAMSEL, the communication arm of the Archdiocese of...

Published:Sunday | March 8, 2020 | 12:24 AM

COLUMN: FOREIGN POLICY Two weeks ago, Caribbean heads of government passed a resolution critical of United States policy towards Cuba. Under normal circumstances this would not be worthy of comment as the region is known for its long-standing...

Published:Sunday | March 8, 2020 | 12:00 AMKarena Bennett - Business Reporter

GraceKennedy expects to take control of Key Insurance this week after closing a cash offer for the general insurer on March 2. The level of subscriptions was not disclosed, but it’s clear the conglomerate achieved sufficient take-up of its $2.01...

Published:Sunday | March 8, 2020 | 12:15 AM

The Court of Appeal agrees that Amy Hyacinth Bogle deserves to be compensated for the illegal seizure of her car by the Transport Authority, TA, which then lost the vehicle somehow. But it diverged from the Supreme Court on the degree of the...

Published:Sunday | March 8, 2020 | 12:13 AM

Jamaica’s telecom companies collected $25.6 billion in revenue for the July-September 2019 period, according to the most recent data released on the sector. That’s up 25 per cent from $20.4 billion in the similar quarter of 2018. The members of the...

Published:Friday | March 6, 2020 | 4:30 PM

The Jamaica Stock Exchange (JSE) Combined Index ended the week down on Friday with an advance/decline ratio of 20/53. The index dropped 7,429.27 points or 1.72 per cent to close at 424,781.35. The JSE Main Market Index lost 6,632.94 points or 1.51...

Published:Friday | March 6, 2020 | 12:26 AM

Brazil’s economy expanded by 1.1 per cent in 2019, marking a third straight year of frustrating activity following a massive recession, according to data released Wednesday. The 1.1 per cent growth in 2019 was less than half the forecast at the...

Published:Friday | March 6, 2020 | 12:26 AMHuntley Medley - Senior Business Writer

T echnology company Zed Jamaica, in business since 2003, is now branded as Zed-Makeyla, following its merger with a Canadian affiliate. Zed Jamaica has for the past 12 years been a dealer in Jamaica for the Renweb student information system,...

Published:Friday | March 6, 2020 | 12:24 AMKarena Bennett - Business Reporter

GraceKennedy wants to double the network for its Western Union money transfer service by year end, through a mix of acquisitions and expansion. Western Union falls under the conglomerate’s GK Money Services umbrella, which also includes FX Trader...

Published:Friday | March 6, 2020 | 12:20 AM

A nd back down goes the US stock market. The S...

Published:Friday | March 6, 2020 | 12:19 AM

The oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging due to the spread of the coronavirus. The proposal, however, assumes that non-member allies like...

Published:Friday | March 6, 2020 | 12:19 AM

P rivate equity firm Proven Investments Limited’s additional public offering of shares, or APO, will hit the market on March 11. The company wants to raise at least US$50 million from investors, but its prospectus, released this week, indicates it...

Published:Friday | March 6, 2020 | 12:19 AM

OP-ED CONTRIBUTION: EMERGING MARKET ADVISER The recent sell-off in Ecuadorean bonds has been the most notable collateral damage produced by the Argentine debacle. Having missed the post-PASO collapse, the credit rating agencies tried to make up...

Published:Friday | March 6, 2020 | 12:18 AMKarena Bennett - Business Reporter

Just as reports are indicating that China, the epicentre of the coronavirus, is seeing improvements in cases, the United States, which is Jamaica’s largest trading partner, is reporting rising fatalities and the possibility of more cases. But two...

Published:Friday | March 6, 2020 | 12:17 AM

G eneral Motors, GM, trying to refashion itself as a futuristic company with technology to compete against Tesla, rolled out plans Wednesday for 13 new electric vehicles during the next five years. The company touted an exclusive new battery...

Published:Friday | March 6, 2020 | 12:17 AM

New Fortress Energy, the sole supplier of natural gas to Jamaica, made operating profit of US$1.3 million in the quarter ending December, hitting break-even on its operations for the first time. The American company still made a net loss in the...

Published:Thursday | March 5, 2020 | 5:01 PM

The Jamaica Stock Exchange (JSE) Combined Index plunged on Thursday with an advance/decline ratio of 19/57. The index sank by 21,152.18 points or 4.67 per cent to close at 432,210.62. The JSE Main Market Index lost 21,798.25points or 4.73 per cent...

Published:Thursday | March 5, 2020 | 12:29 AM

The US Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to impact tourism and disrupt manufacturing chains in parts of the United States. The survey compiled by the Fed’s 12...

Published:Wednesday | March 4, 2020 | 3:36 PM

The Jamaica Stock Exchange (JSE) Combined Index continued to decline on Wednesday with an advance/decline ratio of 17/55 The index sank by 5,542.17 points or 1.21 per cent to close at 453,362.80. The JSE Main Market Index lost 4,932.90 points or 1....

Published:Wednesday | March 4, 2020 | 12:00 AM

Continued complaints about the level of bank charges in Jamaica, highlight a key aspect of the country’s digital divide, with some accessing financial services at low or no cost, while others find themselves spending substantially more time and...

Published:Wednesday | March 4, 2020 | 12:27 AM

People with iPhones could get US$25 from Apple after the company agreed to pay up to US$500 million to settle claims over intentionally slowing down older phones to preserve older batteries. Apple and lawyers representing iPhone consumers agreed to...

Published:Wednesday | March 4, 2020 | 12:23 AMKarena Bennett/Business Reporter

GraceKennedy has hit and surpassed its revenue target of $100 billion, a goal that was initially aligned with its centenary. The company closed its 2019 financial year with a top-line gain of nearly six per cent across its financial and food...

Published:Wednesday | March 4, 2020 | 12:19 AM

SSL Growth Equity Limited, which trades as SSL Group, is creating a subsidiary for its new private equity operations that is expected to become operational by mid-year. In the meantime, the company has US$270 million worth of deals under review,...

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