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Business

Published:Friday | June 14, 2019 | 12:00 AM

Advertising agency, The LAB, is going public and plans list to the junior arm of the Jamaica Stock Exchange by September. NCB Capital Markets will act as the lead arranger of the company’s initial public offering (IPO) of shares. Listing would...

Published:Friday | June 14, 2019 | 12:00 AM

For the past two decades, Brazil has been the rising star of Latin America. Representing the first letter of an acronym that would define an investment era, it became the top destination for foreign direct and portfolio investment. The BRICS...

Published:Friday | June 14, 2019 | 12:00 AMNeville Graham - Business Reporter

Arc Manufacturing has struck a deal with Chinese firm Biola to produce a range of forklifts to be sold under the ARC name. Executive Chairman Norman Horne says he spent about three months touring facilities and looking at different models before...

Published:Friday | June 14, 2019 | 12:31 AMKarena Bennett - Business Reporter

SOL Petroleum Jamaica Limited has begun selling off its stock of Shell lubricants, days before the official closure of its bunkering and lubricant business. In a notice to the public on Wednesday, SOL invited interested parties to view and make...

Published:Friday | June 14, 2019 | 12:30 AMKarena Bennett - Business Reporter

GK General Insurance, GKI, has partnered with London-based company Tokio Marine Kiln and global reinsurance advisers Willis Tower Watson to bring a cyber insurance product to market. The product, called Cyber Control, which becomes available on...

Published:Friday | June 14, 2019 | 12:30 AM

Sagicor Investments Jamaica Limited intends to create a fund seeded with well over $1 billion that will finance infrastructure projects. The fund, which the brokerage plans to list on the Jamaica Stock Exchange, JSE, will invest in both new and...

Published:Friday | June 14, 2019 | 12:30 AM

The Honda Pilot has always been a strong choice for a midsize three-row crossover SUV. But Kia has recently introduced an all-new model known as the Telluride, that it hopes will attract shoppers with its bold styling and value. The basics are...

Published:Friday | June 14, 2019 | 12:29 AM

European Union (EU) finance ministers urged Italy Thursday to respect its pledges to bring its blown-out deficit back into line with EU rules amid threats of possible legal action against the country. “We need to reassure everyone – Italian...

Published:Friday | June 14, 2019 | 12:00 AM

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Published:Friday | June 14, 2019 | 12:00 AMMcPherse Thompson - Assistant Editor-Business

The Jamaica Used Car Dealers’ Association, JUCDA, says it is strongly opposed to a new directive by the Trade Board for importers of used motor vehicles to pay a Jamaica government agent based in Japan to sanitise each auto at a cost of up to US$...

Published:Friday | June 14, 2019 | 12:28 AM

When states legalise pot for all adults, long-standing medical marijuana programmes take a big hit, in some cases losing more than half their registered patients in just a few years, according to a data analysis by The Associated Press (AP). Much...

Published:Thursday | June 13, 2019 | 12:00 AMKarena Bennett/Business Reporter

  Construction of the long-planned Morant Bay Urban Centre in St Thomas, contracted to China Harbour Engineering Company, will be launched officially on June 26. The US$49.8 million ($6.5 billion) centre, spearheaded by the Factories...

Published:Thursday | June 13, 2019 | 12:22 AM

Uber is testing restaurant food deliveries by drone. The company’s Uber Eats unit began the tests in San Diego with McDonald’s and plans to expand to other restaurants later this year. Uber says the service should decrease food delivery times. It...

Published:Wednesday | June 12, 2019 | 12:20 AMKarena Bennett/Business Reporter

Power utility Jamaica Public Service Company, JPS, will be installing electric vehicle, or EV, charging stations at ­selected locations later this year as it gears up for a run on the market amid expectations that global EV sales will hit 2.6...

Published:Wednesday | June 12, 2019 | 12:15 AMNeville Graham/Business Reporter

Year-end profits at tobacco marketing company Carreras Limited were flat despite a mild uptick in revenues up to March 2019. The company made $3.5 billion in net profit, but that was down by $56.8 million or 1.6 per cent relative to the 2018 period...

Published:Wednesday | June 12, 2019 | 12:14 AM

The outlook for the British economy may remain murky amid the Brexit impasse, yet the country continues to post impressive jobs growth, which is helping wages rise back to the levels they were before the global financial crisis more than a decade...

Published:Wednesday | June 12, 2019 | 12:14 AMSteven Jackson/Senior Business Reporter

SSL Venture Capital Jamaica announced a new board at the weekend following three resignations, which was followed up with notice of two management changes. Separately, the company’s auditor, Baker Tilly Strachan Lafayette, avoided giving an opinion...

Published:Wednesday | June 12, 2019 | 12:12 AM

Attention is turning to a possible meeting of United States President Donald Trump with Chinese President Xi Jinping at a summit in Japan later this month as the next step in the vexing trade stand-off between the two biggest economies. The Chinese...

Published:Wednesday | June 12, 2019 | 12:12 AM

The price for a share of Beyond Meat almost tripled on the first day of trading in May, and that was just a taste of what was to come. The price has surged between 570 per cent and 650 per cent and on Tuesday, industry analysts with JP Morgan had...

Published:Wednesday | June 12, 2019 | 12:12 AMHuntley Medley/ - Senior Business Writer

Jamaican rum company J. Wray...

Published:Wednesday | June 12, 2019 | 12:11 AMSteven Jackson/Senior Business Reporter

Proven Investments Limited, PIL, is projecting significant profit growth this year when its investment in financial conglomerate JMMB Group would be fully factored into its financials. JMMB contributed US$1.3 million to Proven’s bottom line for the...

Published:Wednesday | June 12, 2019 | 12:10 AM

Chairman of the Economic Growth Council, Michael Lee-Chin is calling on all investors at home and abroad to take advantage of the opportunities that exist in the Jamaican economy for investment. He says Jamaica has set itself on a path for growth...

Published:Wednesday | June 12, 2019 | 12:06 AM

Salesforce, a maker of customer-management software, is buying Tableau Software in an all-stock deal valued at US$15.7 billion. By scooping up Tableau, which provides easy-to-use tools for visualising and organising data, Salesforce is the latest...

Published:Wednesday | June 12, 2019 | 12:05 AM

Federal regulators are moving to require that brokers provide their customers with detailed disclosures of their potential conflicts of interest when dispensing advice for retirement planning and other investments. But critics say the US Securities...

Published:Tuesday | June 11, 2019 | 12:19 AM

Nissan chief executive Hiroto Saikawa criticised the Japanese automaker’s French alliance partner, Renault, on Monday for trying to block changes to strengthen corporate governance following the arrest of former Nissan chairman Carlos Ghosn. Nissan...

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