C hina’s auto sales plunged in January, deepening a painful downturn in the industry’s biggest global market and adding to economic pressures as the country fights a virus outbreak. Sales of SUVs, sedans and minivans fell 20.2 per cent from a...
It is anxious days for Jamaican shipping interests as the financial fallout from the trade disruptions and shipping decline caused by the outbreak of the COVID-19 disease reached an estimated US$350 million a week, as reported by global news...
P aramount Trading (Jamaica) Limited has sealed a manufacturing and private labelling services agreement with local fuel marketer Future Energy Source Company Limited, Fesco, for its line of lubricants. The $216-million deal runs for three years...
Virus outbreak blamed for forecast fall in oil demand The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the first quarterly...
The publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country has filed for bankruptcy protection in the US Bankruptcy Court for the Southern District of New York. The newspaper industry has been...
OP-ED CONTRIBUTION: EMERGING MARKET ADVISER The environment is one of the most polemic topics of our day. From the New Green Deal to the Australian wildfires to the impassioned declarations of Greta Thunberg, there is plenty of fodder for vitriol...
Puerto Rico's government has lost more than US$2.6 million after falling for an email phishing scam, according to a senior official. The finance director of the island's Industrial Development Company, Rubén Rivera, said in a complaint filed to...
S hares of Tesla rose about 1.5 per cent in trading Thursday morning after the electric vehicle and solar panel maker said it would sell over US$2 billion worth of additional shares. The sale takes advantage of the company’s meteoric stock rise in...
A rgentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment, and simmering anger towards the International Monetary Fund, IMF. This is a big week for one of Latin...
Brokerage firms rate the TransJamaican Highway, TJH, initial public offering of shares as a buy, with expectations that the stock price will rise in the short term. That’s despite disclosures in the IPO prospectus indicating the toll operator was...
New Fortress Energy, NFE, has locked up a 10-year offtake agreement to procure natural gas from an unnamed supplier, which will fortify its inventory of LNG amid expansion into new markets. Under its new gas sourcing contract, New Fortress will...
S panish hotel company Princess Hotels and Resorts Limited has signalled plans for a casino resort in Jamaica through a megaproject to be undertaken at Green Island in the parish of Hanover. The casino would augment its previously announced 2,000-...
T wo name brand Jamaican companies, one a food and logistics conglomerate, another a financial group, are holding steadfast to their operations in the United Kingdom, UK, even as the uncertainty persists around trade in the post-Brexit era. The UK...
The Jamaican Government has to absorb the $2.13 million it spent on a national innovation awards ceremony because the International Bank for Reconstruction and Development, IBRD, which provided financing for the digital and animation industries...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday with an advance/decline ratio of 30/33. The index advanced by 3609.59 points or 0.76 per cent to close at 476,255.96. The JSE Main Market Index advanced by 4335.34 points or 0.90...
Organisers of the world’s biggest mobile technology fair are pulling the plug over worries about the viral outbreak from China. GSMA said Wednesday that this year’s edition of Mobile World Congress will no longer be held as planned in Barcelona,...
The Jamaica Stock Exchange (JSE) combined index declined marginally on Wednesday with an advance/decline ratio of 21/41. The index moved down by 853.75 points or 0.16 per cent to close at 472,646.37. The JSE Main Market Index declined by 565.71...
Published:Wednesday | February 12, 2020 | 12:16 AM
OP-ED CONTRIBUTION: COMPANY FINANCING Franco Modigliani and Merton Miller, who were highly instrumental in the development of modern capital structure theory hypothesised that in a perfect capital market, the issue of debt and/or equity is...
Published:Wednesday | February 12, 2020 | 12:00 AM
QUESTION: I am a recent graduate of the University of the West Indies, UWI, who have done fairly well, except in English. I admit, I did just enough to pass. The thing is that I find it impossible when I am to go and prepare my résumé, cover...
Proven Investments Limited will now be going after US$50 million, in its pending offer of new shares in the company, saying the recalibrated target was set after feedback from the market. Sagicor Investments Jamaica Limited will co-arrange and...
The new owners of Sweet River Abattoir hope to turn around the loss-making operation through additions to the product range, meat outlets and new markets in the region. Sweet River, which has struggled to generate big revenues and and deliver...
Newcomer Sygnus Capital and Sagicor Investments Jamaica have partnered to form a private equity firm that will be unveiled later tonight. The new outfit, called Sygnus Deneb Investments Limited, marks the two companies’ first-time entry into the...
Herboo Corporation, which launched into business with a single product but has since grown to three lines of cosmetics, is preparing to take on more foreign markets. The Mandeville, Manchester-based small business is already in almost 200 stores...
Published:Wednesday | February 12, 2020 | 12:12 AM
The Caribbean Development Bank, CDB, has estimated that the blue economy was responsible for about seven per cent of gross domestic product, GDP, or just over US$1 billion in Jamaica in 2017, according to director of economics at the institution,...
Published:Wednesday | February 12, 2020 | 12:08 AM
Oil production from United States (US) government-managed lands and waters topped a record one billion barrels last year, federal officials said on Tuesday, as technological advances helped drive development in new areas and the Trump...
