Fri | Sep 21, 2018

Business

Published:Friday | September 21, 2018 | 12:00 AM

In three years, Arthur McGowan expects his midsize business, Constitution Hill Trumpet Tree Coffee Factory Limited, will be processing around 60,000 boxes of...

Published:Friday | September 21, 2018 | 12:00 AM

The Court of Appeal has sided with the National Housing Trust, NHT, that it is obliged by law to ensure safety to life and property as the state agency appointed as undertaker of a flood-water control area in...

Published:Friday | September 21, 2018 | 12:00 AM

Shaw orders 'forensic' monitoring of refined sugar diversionsSIA wants power tool to get the job doneGeorge Callaghan, CEO of the Sugar Industry Authority, SIA, said Tuesday that if it were to play a role in monitoring leakage of imported refined or...

Published:Friday | September 21, 2018 | 12:00 AM

In a tour de force lasting close to five hours on Wednesday, JMMB Group CEO Keith Duncan and country managers in the Dominican...

Published:Friday | September 21, 2018 | 12:00 AM

An air of trepidation runs thick through Asia. The process of Chinese deleveraging is at the forefront of the collective thought.Since the onset of the US financial crisis in 2008, China has been the main driver of global...

Published:Friday | September 21, 2018 | 12:00 AM

The Renault-Nissan-Mitsubishi alliance, one of the world's top-selling automakers, has decided to go with Google's Android operating system to run its dashboard information and entertainment...

Published:Friday | September 21, 2018 | 12:00 AM

The United Kingdom (UK) and its European Union partners failed on Thursday to secure a breakthrough in Brexit talks, largely because of seemingly intractable divisions over the best way to avoid a hard...

Published:Friday | September 21, 2018 | 12:00 AM

Comcast and 21st Century Fox will settle their battle for control of broadcaster Sky through a rare auction designed to put an end to months of offers and counteroffers from the American media empires seeking a...

Published:Friday | September 21, 2018 | 12:00 AM

Indonesia's president has signed a moratorium on new palm oil development and ordered a review of existing plantations, an official said Thursday, in a blow to an industry blamed for...

Published:Friday | September 21, 2018 | 12:00 AM

Alliance Payment Services opened two outlets at both major international airports to provide services for airlines going cashless.Customers can still use credit cards, but those with only cash are now directed...

Published:Thursday | September 20, 2018 | 12:00 AM

Venezuelan President Nicol·s Maduro said Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.Already a major...

Published:Wednesday | September 19, 2018 | 12:00 AM

The United States-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on US$60 billion worth of US imports, including coffee, honey and industrial chemicals.The increases are in...

Published:Wednesday | September 19, 2018 | 12:00 AM

The Jamaica Coffee Exporters Association, JCEA, has written to Minister of Industry, Commerce, Agriculture and Fisheries head Minister Audley Shaw asking for the elimination of taxes on farm profits.In 2013, the tax exemptions on profits earned by...

Published:Wednesday | September 19, 2018 | 12:00 AMAvia Collinder/ Business Reporter

Manufacturers of styrofoam have been given more than a year to exit production, but William Mahood says his company needs a longer timeline to come up with alternatives beyond the 2020 deadline announced Monday.The options reviewed so far for...

Published:Wednesday | September 19, 2018 | 12:00 AMAvia Collinder/ Business Reporter

Microfinancing company Sprint Financial Services Limited has brokered a new partnership with the Jamaica Manufacturers and Exporters Association, JMEA, to offer 'invoice factoring' to its membership.Factoring is a financial transaction in which a...

Published:Wednesday | September 19, 2018 | 12:00 AM

Citizens of European Union countries should not have easier access to the United Kingdom after Brexit than people from other parts of the world, a government-commissioned report recommended Tuesday.EU citizens now can live and work in the UK under...

Published:Wednesday | September 19, 2018 | 12:00 AM

Scotia Group Jamaica underperformed on one of its key metrics, interest income, but was able to cauterise the bleed with outsize foreign exchange gains of more than $1.3 billion in the July quarter.Although interest income declined by $800 million...

Published:Wednesday | September 19, 2018 | 12:00 AM

More than half of all workplace tasks will be carried out by machines by 2025, organisers of the Davos economic forum said in a report released Monday that highlights the speed with which the labour market will change in the coming years.The World...

Published:Wednesday | September 19, 2018 | 12:00 AM

European Union regulators have opened an in-depth investigation into whether automakers BMW, Daimler and Volkswagen colluded to limit the development and roll-out of car emission-control systems.The EU Commission said Tuesday that it had received...

Published:Wednesday | September 19, 2018 | 12:00 AMNeville Graham/ Business Reporter

As Seprod grapples internally on whether to hang on to its sugar operation, the company is chasing a tax break to offset the losses that continue to mount in the near decade that it has owned the Golden Grove factory in St Thomas.Seprod CEO Richard...

Published:Wednesday | September 19, 2018 | 12:00 AM

Saudi Arabia's sovereign wealth fund invested over US$1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.The Saudi fund also announced it had...

Published:Wednesday | September 19, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

The fast-growing Bioprist Group, which requires more space to operate, plans to move its headquarters and subsidiary Indies Pharma Jamaica to new and separate locations in St James, following acquisition and retrofitting costs at more than US$4...

Published:Wednesday | September 19, 2018 | 12:00 AMSteven Jackson/ Senior Business Reporter

Productive Business Solutions Limited, PBS, said Tuesday that it expects to make acquisitions in the Colombian market, having become more familiar with how that country does business.PBS started from scratch in Colombia, having turned down the...

Published:Tuesday | September 18, 2018 | 12:00 AM

A school-based survey shows that nearly one in eleven American students has used marijuana in electronic cigarettes, heightening health concerns about the new popularity of vaping among teens.E-cigarettes typically contain nicotine, but many of the...

Published:Sunday | September 16, 2018 | 12:54 AM

QUESTION: I just completed reading your article "Zooming in on unit trusts", which was published in the Sunday Gleaner of August 19, 2018. While it gave a synopsis of the unit trusts available, I am interested in finding out how to best...

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