Thu | Nov 23, 2017

Business

Published:Thursday | November 23, 2017 | 12:00 AM

Venezuelan authorities detained the acting president of Citgo, the state-owned oil company's US subsidiary, and five other executives for their alleged involvement in a corruption scheme, officials said Tuesday. Jose Pereira and five Citgo vice-...

Published:Wednesday | November 22, 2017 | 12:00 AMAvia Collinder

John Jackson, chairman of KIW International, indicated this week that the company's plan to re-enter the stock market via introduction of its shares on the Jamaica Stock Exchange has been nixed by the authorities.KIW had planned to list its shares...

Published:Wednesday | November 22, 2017 | 12:00 AMAvia Collinder

ARC Manufacturing has sunk $200 million into an automated fabric mesh wire plant, and is now looking to quintuple exports to the United States.Chairman Norman Horne says the new plant at Bell Road in Kingston should grow overall sales at the...

Published:Wednesday | November 22, 2017 | 12:00 AMSteven Jackson

Jamaican banks are more stable than they were two years ago, but their regulatory oversight is 'weak' and 'reactive', according to ratings agency Standard...

Published:Wednesday | November 22, 2017 | 12:00 AMSteven Jackson

The operators of Barnett Tech Park, which provides space for operators in the business process outsourcing or BPO sector, spent US$10 million this year to construct two buildings spanning 100,000 square feet. It will take the total productive...

Published:Wednesday | November 22, 2017 | 12:00 AM

Caribbean Coffee Baristas Limited, led by Ian Dear and Adam Stewart, opened its first Starbucks store in Jamaica on Tuesday and is expected to launch 14 more in five years.Jamaica becomes the American coffee chain's 76th market.The first cafÈ is...

Published:Wednesday | November 22, 2017 | 12:00 AM

Seeing an attempt to block its buyout out of Time Warner as a "radical" departure by the United States government, AT...

Published:Wednesday | November 22, 2017 | 12:00 AM

Decades after they were banned from the airwaves, Big Tobacco companies return to prime-time television this weekend but not by choice.Under court order, the tobacco industry for the first time will be forced to advertise the deadly, addictive...

Published:Wednesday | November 22, 2017 | 12:00 AM

The United Kingdom is reportedly planning to offer more money to settle its bill with the European Union in a bid to unblock stalled Brexit negotiations but only if the EU agrees to start discussing a future free-trade deal.The size of the bill,...

Published:Wednesday | November 22, 2017 | 12:00 AM

China's former top Internet regulator and censor is being investigated by the ruling Communist Party's anti-corruption arm, the agency said Tuesday.The party's anti-graft watchdog agency said in a brief statement on its website that Lu Wei is...

Published:Wednesday | November 22, 2017 | 12:00 AMSteven Jackson

Electrical and lighting company FosRich plans to raise $200 million from a share float on the junior arm of the Jamaica Stock Exchange in December.The offer is priced at $2 a share for general public. It's being brokered by Stocks...

Published:Tuesday | November 21, 2017 | 12:00 AM

Nebraska regulators approved an alternative route Monday for the proposed Keystone XL pipeline. It was the last major regulatory hurdle facing project operator TransCanada Corp., though opponents say another round of federal approval may now be...

Published:Sunday | November 19, 2017 | 12:04 AM
Published:Sunday | November 19, 2017 | 12:02 AMAvia Collinder

Having last month let go 40 older employees with the shuttering of four dozen rooms as part of a major upgrading project, Half Moon hotel in Montego Bay says it will be hiring anew when the build-out is completed next October."With the opening of 57...

Published:Sunday | November 19, 2017 | 12:00 AMMcPherse Thompson

The Office of Utilities Regulation (OUR) has established a new meter-testing protocol to provide an appropriate framework for the verification and testing of existing and future meters used in the Jamaican electricity and water sectors.The protocol...

Published:Sunday | November 19, 2017 | 12:00 AMSteven Jackson

Stewarts Automotive group launched the Velar, the newest line to the luxury Range Rover family, last Tuesday and indicated that it already has preorders for 10 clients.Jamaica joins the world in launching the highest-end Velars in its introduction...

Published:Sunday | November 19, 2017 | 12:00 AMAvia Collinder

Knutsford Express Services Limited will, in the coming year, be increasing its fleet of luxury buses from the current 27, which undertakes 300 trips weekly, chief executive officer and director Oliver Townsend said last week."We are continuing...

Published:Sunday | November 19, 2017 | 12:00 AM

Just over a week ago, the United States administration published new regulations governing travel and trade between the US and Cuba. Their effect is to partially reverse elements of the more liberal policy towards Cuba adopted by President Obama and...

Published:Sunday | November 19, 2017 | 12:00 AM

Question: I am a Jamaican and I would like to invest. I want to spread my investments to achieve my short, medium and long-term goals. I prefer a tax-free option. My long-term goal is financial independence, having my money work for me while I...

Published:Sunday | November 19, 2017 | 12:00 AM

Richard Byles wears many hats. Two are germane to this article. His role as chairman, Sagicor Group - owners of Sagicor Life Jamaica - and former co-chair of the Economic Programme Oversight Committee (EPOC).He made the news at a recent ceremony...

Published:Sunday | November 19, 2017 | 12:00 AM

Recently one of my young readers wrote for help with his idea for a product he was working on. Let's call him George, to keep his identity confidential. The conversation went like this:George: My name is George. I am 22 years of age. I would like...

Published:Sunday | November 19, 2017 | 12:00 AM

On Monday, October 27, 2017, the United States District Court for the District of Columbia handed down a 12-count indictment against Paul Manafort, the former Trump campaign manager, as follows:Count 1, conspiracy against the United States; count 2...

Published:Sunday | November 19, 2017 | 12:00 AMSteven Jackson

Cargo Handlers Limited (CHL) and New Fortress Energy (NFE) have announced that both entities have commenced dealings which will see Cargo Handlers deliver product to the liquefied natural gas (LNG) provider.Cargo Handlers, which is based in Montego...

Published:Sunday | November 19, 2017 | 12:00 AM

The ultra-wealthy, especially those with dynastic businesses - like President Donald Trump and his family - do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed last week by the House.Want to toast...

Published:Friday | November 17, 2017 | 12:00 AMAvia Collinder

NCB Capital Markets, the investment and securities trading arm of Michael Lee-Chin's NCB Financial Group, says it will soon be expanding the...

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