Sat | Aug 18, 2018

Business

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The Court of Appeal has effectively put aside a near $4-billion claim against Sagicor Bank Jamaica Limited in favour of contractor York P....

Published:Friday | August 17, 2018 | 12:00 AMAvia Collinder

Worker representatives are not convinced that Jamaica's labour code needs revamping, notwithstanding the battle plan that companies have devised and are executing in a pitch for changes to...

Published:Friday | August 17, 2018 | 12:00 AMSteven Jackson

The fire that gutted a section of Wisynco Group's complex two years ago cost the company close to $120 million in business disruptions, but it also pocketed nearly $600 million as net insurance proceeds.The insurance inflows...

Published:Friday | August 17, 2018 | 12:00 AMSteven Jackson

Blue Power Group Limited will be increasing the prices for its soaps due to the effects of currency movements on its cost of business, but that's after making millions in currency gains from its...

Published:Friday | August 17, 2018 | 12:00 AMAvia Collinder

Telecommunications company Digicel Group and partners are expected to announce the launch of a mobile money app this month that is usable internationally, more than a year after the product...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The majority of foreign exchange transactions done on a daily does not include cash and the Bank of Jamaica, BOJ, has been making a point of informing the public about it.Senior Deputy Governor John...

Published:Friday | August 17, 2018 | 12:00 AM

Warren Buffett is still finding new places to invest decades after he started, even though his basic approach of finding businesses selling for less than they are worth hasn't changed much.Buffett...

Published:Friday | August 17, 2018 | 12:00 AM

Whether it's spiced in the Spanish style or sliced as Japanese sashimi, octopus as a dish is becoming a victim of its own popularity.Prices for the tentacled mollusc have about doubled in the past two years...

Published:Friday | August 17, 2018 | 12:00 AM

Why are investors around the world so worried about Turkey's economy, when it's smaller than Florida's? Because of the possibility that somebody bigger will be next.Investors have been pulling out of...

Published:Friday | August 17, 2018 | 12:00 AM

Turkey's finance chief tried to reassure thousands of international investors on a conference call Thursday, in which he pledged to fix the economic troubles that have seen the country...

Published:Friday | August 17, 2018 | 12:00 AM

Walmart raised its financial outlook for the year after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores.The upbeat...

Published:Friday | August 17, 2018 | 12:00 AMMcPherse Thompson

The mining and quarrying industry, which grew by 30 per cent, contributed the lion's share to the estimated 1.8 per cent expansion in the Jamaican economy for the April to June 2018 quarter, according to the...

Published:Friday | August 17, 2018 | 12:00 AM

Karl Gordon's introduction to business was at Coronation Market in downtown Kingston, where he once transported goods for vendors and shoppers for a fee.Now the...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/ Business Reporter

For the first time in its 32-year history, The National Export-Import, EXIM, Bank of Jamaica is rolling out a loan sale to gin up business and pull in clients.EXIM's general manager for trade and commercial lending, Lenworth Tracey, says the board...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/Business Reporter

The new basket of goods and services that will be used to track the movement of the Consumer Price Index (CPI) will be ready by early 2020.Director general of the Statistical Institute of Jamaica (Statin), Carol Coy, says the agency's technicians...

Published:Wednesday | August 15, 2018 | 12:00 AM

I suspect you might be reading this article because of the title. Correct?Coming to an important decision is often very difficult; coming with much anxiety, hand-wringing and 'if and but-ing'. Oftentimes, we just can't be bothered and fail to decide...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/ Business Reporter

Richard Lake's Premium Farms in now the exclusive distributors for National Flour Mills, NFM, an agreement that covers eight products made by the Trinidadian company, initially, with more to be added later this year.The deal expands on the business...

Published:Wednesday | August 15, 2018 | 12:00 AMAvia Collinder/Business Reporter

With Cabinet approval in hand, the Ministry of Labour and Social Security disclosed on Monday that it is pursuing an overhaul of public pension fund manager National Insurance Fund (NIF) that will result in its merger with the National Insurance...

Published:Wednesday | August 15, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Telecommunications provider Cable & Wireless Jamaica, which trades as FLOW, earned US$183 million ($23 billion) in revenue over six months ending June, derived in part from price increases...

Published:Wednesday | August 15, 2018 | 12:00 AM

Google wants to know where you go so badly that it records your movements even when you explicitly tell it not to.An Associated Press investigation found that many Google services on Android devices and iPhones store your location data even if you've...

Published:Wednesday | August 15, 2018 | 12:00 AM

Turkey's president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Tuesday that his country will boycott US-made electronic goods....

Published:Wednesday | August 15, 2018 | 12:00 AM

Sangster flying high on increased airlifts MBJ Airports Limited is attributing increased airlift at Sangster International Airport for its revenue gains in the first half of this year."Traffic performance for the first half of 2018 shows notable...

Published:Tuesday | August 14, 2018 | 12:00 AM

Saudi Arabia's sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk's grand plan to take the company private, but the deal isn't done yet, Musk disclosed in a blog on Monday.The fund approached Musk about going private...

Published:Sunday | August 12, 2018 | 12:00 AMMcPherse Thompson

More than two years after the official opening of the North-South Highway, and a decade since the Government compulsorily acquired land at Moneague, St Ann as part of the project, businessman Magnus Mullings is still engaged in a struggle to get...

Published:Sunday | August 12, 2018 | 12:00 AM

QUESTION: I would love to acquire my own home through the NHT by age 26. Can you assist me?- G. GrayFINANCIAL ADVISER: I get questions similar to yours quite often. You did not state your age, but it is clear that you want to own your home soon. I...

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