Wed | Nov 14, 2018

Business

Published:Wednesday | November 14, 2018 | 12:04 AM

Amazon Inc, which has grown too big for its Seattle hometown, has confirmed that it will split its much-anticipated second headquarters between New York City and Arlington, Virginia.Its New York location will be in the Long Island City neighbour-...

Published:Wednesday | November 14, 2018 | 12:00 AMAvia Collinder/ Business Reporter

The International Monetary Fund (IMF) sees emerging fiscal risks for Jamaica - the top three of which relate to the bauxite and energy sectors - which it says will have to be managed carefully so as not to derail the economic programme under way....

Published:Wednesday | November 14, 2018 | 12:00 AM

The Fair Trading Commission (FTC) has determined that adequate safeguards are in place to mitigate the potential anti-competitive effects that may arise from the divestment of Jamaica's two international airports to the same entity.Last month, the...

Published:Wednesday | November 14, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Telecommunications provider Cable & Wireless Jamaica, C&WJ, which trades as Flow Jamaica, confirmed that its parent company aims to take 100 per cent control of outstanding shares...

Published:Wednesday | November 14, 2018 | 12:00 AM

New Fortress Energy, the American company that develops gas infrastructures and supplies natural gas to Jamaica, has considered listing its shares on the Nasdaq stock exchange, but has redacted the pricing and amount set for the initial public...

Published:Wednesday | November 14, 2018 | 12:00 AMNeville Graham/Business Reporter

A foreign investor in Jamaica's largest solar farm under construction in Westmoreland will be floating shares on the Jamaica Stock Exchange, via an initial public offering likely by month-end, as part of a regional plan to raise US$200 million in...

Published:Wednesday | November 14, 2018 | 12:00 AM

Higher oil prices are helping to offset increases in public spending by the Middle East's oil-exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by US$77 billion, the International Monetary Fund (IMF) said...

Published:Wednesday | November 14, 2018 | 12:00 AM

A JetBlue flight from Boston landed in Havana on Saturday, as the United States airline expanded its routes to Cuba despite a drop in American visitors amid tensions between the countries.The plane with more than 120 passengers on board was received...

Published:Wednesday | November 14, 2018 | 12:00 AM

Audit and accounting KPMG has invested US$3 million ($380 million) to set up a new outsourcing office in Kingston, formalising a service that it has been offering for two years.Its sole client since 2016 has been KPMG in US, but even with Tuesday's...

Published:Tuesday | November 13, 2018 | 12:00 AM

OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as one million barrels of oil a day, to rebalance the market after US sanctions on Iran failed to cut Tehran's output, Saudi Arabia's energy minister...

Published:Sunday | November 11, 2018 | 12:00 AMMcPherse Thompson

Cable & Wireless Jamaica, C&WJ, is appealing the decision of the Supreme Court on a preliminary point of law that there is nothing precluding a Jamaican court from granting permission for the hearing of a claim outside of the country...

Published:Sunday | November 11, 2018 | 12:00 AMAvia Collinder

Sugar marketer Jamaica Cane Products Sales Limited (JCPS) is laying off its entire staff as it contemplates winding down the business, Chairman Karl James confirmed on Friday, even as it looks to the Government for help.James blames the agency's...

Published:Sunday | November 11, 2018 | 12:00 AM

For some years now, several smaller Caribbean governments have been interested in increasing the number of shared embassies overseas in which one ambassador jointly represents several nations.The idea principally arises out of a desire to make cost...

Published:Sunday | November 11, 2018 | 12:00 AMSteven Jackson

NCB Financial Group has been solidly ensconced at the top of Jamaica's commercial banking market for several years, but having just hit another profit milestone and with nearly $980 billion in assets, its managers believe they are well placed to...

Published:Sunday | November 11, 2018 | 12:00 AM

Dr Alfred Dawes is a medical doctor. More precisely, he is a general laparoscopic and weight-loss surgeon.Grammarly, a digital writing assistant, has rated me as being among the top 10 per cent of its subscribers who use unique words. Should I be...

Published:Sunday | November 11, 2018 | 12:00 AM

The last quarter of the year is the period during which many companies and organisations are engaged in strategic planning for the new financial year.Unfortunately, for many companies, the strategic planning process is so laser focused on expanding...

Published:Sunday | November 11, 2018 | 12:00 AM

QUESTION: I am wondering how to transfer my mother's house to her daughter's name. My mother and father had a joint house title, but my father has died. My mother is in her 80s with some form of dementia. My father did not make a will and she has...

Published:Sunday | November 11, 2018 | 12:00 AMA federal judge has blocked a permit for construction of the Keystone XL oil pipeline from Canada and ordered officials to complete an environmental review.

A federal judge has blocked a permit for construction of the Keystone XL oil pipeline from Canada and ordered officials to complete an environmental review...

Published:Friday | November 9, 2018 | 6:09 PMAP

  The leaders of Vietnam and Cuba on Friday pledged to deepen relations between two of the world's few remaining communist countries. President Nguyen Phu Trong and his Cuban counterpart Miguel Diaz-Canel witnessed the signing of trade and...

Published:Friday | November 9, 2018 | 12:08 AM

More than half the foreign interest in regional real estate, whether to buy or lease, emanates from the United States, a new study has found.The report also ranks Jamaica as the third most sought...

Published:Friday | November 9, 2018 | 12:00 AM

The Ministry of Finance and the Public Service has now advised Auditor General Pamela Munroe Ellis that Chinese outfit Jinquan Iron and Steel Company, which operates the Alpart plant in St...

Published:Friday | November 9, 2018 | 12:00 AM

The project to create a social stock exchange in Jamaica will be executed in two phases, the second of which requires the passage of...

Published:Friday | November 9, 2018 | 12:00 AM

The central bank has maintained its policy rate at two per cent for the last two rate decision cycles, and treasuries are yielding even lower rates, reason enough, says the...

Published:Friday | November 9, 2018 | 12:00 AM

Seprod expanding warehousing spaceSeprod is building out new warehouse space at its main complex in Kingston's industrial zone, which is said to be part of a larger hub that the company will build out over time.Seprod has not disclosed the size of...

Published:Friday | November 9, 2018 | 12:00 AM

Distribution of the newest line of Appleton Estate aged rum pushed Jamaican spirits sales globally beyond €62 million over nine months, according to the brands owners, Campari Group.The drive for increased...

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