Wed | May 23, 2018

Business

Published:Wednesday | May 23, 2018 | 12:56 AM

  The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. That means...

Published:Wednesday | May 23, 2018 | 12:00 AM

The National Housing Trust, NHT, says new loan management software resulted in more than a $1-billion boost in collections of mortgage payments, while cutting loan defaults to new lows.In the fiscal year ending March 2017, mortgage collections...

Published:Wednesday | May 23, 2018 | 12:00 AM

Blossom O'Meally-Nelson, chairman of Jamaica Association of Micro Financing, JAMFIN, says the association has launched new services for its membership, including legal services and a new training...

Published:Wednesday | May 23, 2018 | 12:00 AM

I have a question to ask, which may seem infantile, but I was asked and I stammered through and managed to formulate an answer. I should have known the answer. But I wasn't too confident in my response at all. I was asked: "Why should I hire you?" I...

Published:Wednesday | May 23, 2018 | 12:00 AMMcPherse Thompson/Assistant Editor - Business

Despite the Bank of Jamaica (BOJ) reducing interest rate five times since last July, Governor Brian Wynter says further and more robust downward adjustments may be needed to overcome the sluggishness of the economic recovery.Last week, the central...

Published:Wednesday | May 23, 2018 | 12:00 AM

Construction company Gore Developments Limited has set up its own quarry on lands in St Catherine, a $400-million investment that Chairman Phillip Gore says should lead to a reduction in the price of homes it sells in two years.Gore Developments...

Published:Wednesday | May 23, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

The mining and quarrying industry, which grew by 25.5 per cent, contributed the lion's share to a 1.2 per cent expansion of the Jamaican economy during the March 2018 quarter.For fiscal year 2017-18, however, the growth rate was anaemic as the...

Published:Tuesday | May 22, 2018 | 10:56 AMSteven Jackson

  Technology service provider tTech Limited wants to acquire or partner with entities in order to grow. CEO Christopher Reckord sees opportunities to partner with overseas operators who want to avoid risk but grow in the region, and to acquire...

Published:Monday | May 21, 2018 | 11:02 PM

A growing rostor of nations on Monday decried Venezuela's presidential election as a farce, with the United States leading the charge in announcing new financial restrictions aimed at further isolating President Nicol·s Maduro's embattled...

Published:Sunday | May 20, 2018 | 12:06 AM

QUESTION: Thank you for your invaluable service and the body of knowledge that you share each week. An insured submitted the required documents to the insurer within 7-14 days after an accident. The company took a further 33 days to investigate and...

Published:Sunday | May 20, 2018 | 12:00 AMNeville Graham

Profit at Salada Foods Jamaica Limited is up nearly 80 per cent halfway through the company's financial year. Sales revenue are also up 19 per cent.But General Manager Dianna Blake-Bennett is not inclined to celebrate, not now, due to expectations...

Published:Sunday | May 20, 2018 | 12:00 AM

What's wrong with holding interviews? Plenty, it turns out. Most companies rely on a series of informal chats with several prospects that ends with a hiring decision. However, there's strong evidence that this approach needs to be retired in favour...

Published:Sunday | May 20, 2018 | 12:00 AMSteven Jackson

PanJam Investment Limited acquired six acres of land for a hotel and shopping centre in Freeport, Montego Bay, one of a series of new investments being pursued by the property conglomerate.The hotel targeted at business travellers will be developed...

Published:Sunday | May 20, 2018 | 12:00 AM

For some years now, China has sought to deepen its relations with the countries of Latin America and the Caribbean. It has done so as a part of a long-term geopolitical strategy that is accompanying its rise to superpower status.Its objective in...

Published:Sunday | May 20, 2018 | 12:00 AM

QUESTION: I am 23 years of age and I am trying to build my wealth by investing; however, I am not sure where to start or where the best start for me is. I currently have a Sagi-Gold Accumulator policy but from my understanding, this is more of a...

Published:Sunday | May 20, 2018 | 12:00 AMSteven Jackson

Community & Workers of Jamaica Co-operative Credit Union Limited (CWJCCU) launched a deferred share offer on Friday that seeks to raise $900 million from investors and other cooperatives...

Published:Friday | May 18, 2018 | 12:04 AM


Stationery & Office Supplies Limited, SOS, a furniture and equipment provider for offices, surpassed the $100 million mark in monthly sales for the first time in half-century of operations...

Published:Friday | May 18, 2018 | 12:03 AM

NCB Financial Group and contesting parties will seek to resolve their impasse over the Jamaican bank's takeover bid for Trinidadian insurance conglomerate Guardian Holdings Limited...

Published:Friday | May 18, 2018 | 12:00 AM

A Jamaican company with properties in Florida got a boost from the tax cut passed by the Trump administration last year."The so-called Trump tax cuts actually helped us ... we benefited from deferred...

Published:Friday | May 18, 2018 | 12:00 AM

Chilly reception to US poultry pitchA lobby group representing American broiler companies is pushing Jamaicans to buy more poultry and eggs from the United States, but the agriculture ministry is not keen on the pitch, saying Jamaica is already self...

Published:Friday | May 18, 2018 | 12:00 AM

Restarting the Norman Manley International Airport, NMIA, after a major accident, or the threat of rival airports pinching away passengers are concerns that the Airports Authority of Jamaica, AAJ,...

Published:Friday | May 18, 2018 | 12:00 AM

GraceKennedy Limited, a large buyer of agricultural crops as inputs for its food manufacturing operations, is taking a more direct interest in farming under a new partnership with...

Published:Friday | May 18, 2018 | 12:00 AM

The Privy Council has restored a Supreme Court judgment handed down four years ago in favour of Sagicor Bank Jamaica Limited over a disputed multimillion-dollar loan.The bank's customer, Marvalyn Taylor-Wright,...

Published:Friday | May 18, 2018 | 12:00 AM

The resident representative for the International Monetary Fund in Jamaica says labour productivity in Jamaica, as represented by the real value of what is produced in the economy, continues to decline...

Published:Friday | May 18, 2018 | 12:00 AM

Ensconced on the western edge of the Andes, Chile is a country that is often forgotten.This neglect is not due to any mismanagement or fault. On the contrary, the country is so well run that its assets do not provide the yields and...

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