Tue | Aug 14, 2018

Business

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 AMAvia Collinder

National Commercial Bank Jamaica, NCB, has rolled out a second loan product on its digital platform, this time a pay advance loan that has no interest charge attached but comes with a monthly flat fee and is repayable in a month.The bank said on...

Published:Sunday | August 12, 2018 | 12:00 AMSteven Jackson

Garfield Sinclair joined the embattled Bahamas Telecommunications Company (BTC) this month with an explicit mission to grow revenues in the affluent Caribbean territory.BTC owner Liberty is attempting to turn around the telecom amid rising...

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...

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

In my line of work, I meet lots of employees who aren't sure they matter.Logically, they say they should be valuable due to their role, background, responsibilities, and pay. Yet, in terms of their emotional experience, they draw a disturbing blank....

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

QUESTION: A family member who lives with me suffers from mental illness. The person, who is over 25, is being treated by a psychiatrist and has been on medication for more than five years. He holds a private driver's licence. Is it okay for him to...

Published:Sunday | August 12, 2018 | 12:00 AMAvia Collinder

Derrimon Trading Company Limited on Friday announced a definitive agreement to purchase the entire shareholding of pallets manufacturer Woodcats International Limited.Financing has been arranged by Mayberry Investments Limited and the transaction is...

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

A Canadian gold mining company on Thursday won the right to go after Venezuela's prized oil refineries in the United States and collect US$1.4 billion it lost in a decade-old takeover by the late president Hugo Chavez.Chief Judge Leonard P. Stark of...

Published:Friday | August 10, 2018 | 12:00 AM

Millennials are driving demand for data services, in Jamaica and across the region, leading to a fivefold growth in usage on Digicel Jamaica's network in half a decade, according to CEO Justin Morin....

Published:Friday | August 10, 2018 | 12:00 AM

Seprod Limited is investing nearly a billion dollars in the construction of two gas-powered energy plants on-site two of its subsidiary companies that will...

Published:Friday | August 10, 2018 | 12:00 AM

Jamaica Stock Exchange Limited, JSE Group, doubled its net profit in the June quarter buttressed by new listings that are tracking ahead of target, with more to come.JSE Group made $90 million in June, up 97 per...

Published:Friday | August 10, 2018 | 12:00 AM

Bakery operator Honey Bun Limited entered two new markets in the Caribbean within the quarter ending June, but CEO Michelle Chong is keeping the country's identities close to her chest.Other...

Published:Friday | August 10, 2018 | 12:00 AM

Proven Investments Limited, PIL, said Wednesday that its real estate subsidiary will be developing an 80-unit residential complex on Braemar Avenue, which was the original home of Red Bones Blues Cafe...

Published:Friday | August 10, 2018 | 12:00 AM

Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a US$72-billion buyout of the electric carmaker, but he may be acquiring new headaches with his...

Published:Friday | August 10, 2018 | 12:00 AM

China's exports to the United States surged last month, shrugging off President Trump's tariff hike in a dispute over technology.Shipments to the United States climbed 13.3 per cent from a year earlier...

Published:Friday | August 10, 2018 | 12:00 AM

Tribune withdrew from its US$3.9-billion buyout by Sinclair, ending a bid to create a massive media juggernaut that could have rivalled the reach of Fox News.Tribune Media Company, which is on the hook for a US$...

Published:Friday | August 10, 2018 | 12:00 AM

Virgin Group founder Sir Richard Branson is planning to create the world's first climate-smart zone in the Caribbean and has secured the backing of the Inter-American Development Bank, IDB, for...

Published:Thursday | August 9, 2018 | 12:51 PMMcPherse Thompson

  Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic energy in agriculture and industry as a means of stimulating economic growth. This marks their second programme and...

Published:Thursday | August 9, 2018 | 12:00 AM

Republican US Repres-entative Christopher Collins of western New York state was arrested Wednesday on charges he fed inside information he gleaned from sitting on the board of a biotechnology company to his son, helping themselves and others dodge...

Published:Wednesday | August 8, 2018 | 12:18 PM

Being your own boss has many perks, and many persons harbour the hope of being an entrepreneur. The upside of being an entrepreneur includes being able to determine the pace of your day, having the opportunity to transform your vision into reality...

Published:Wednesday | August 8, 2018 | 12:00 AM

Food and financial services conglomerate GraceKennedy Limited expects to book $150 million as redundancy costs relating to job cuts that have already begun.Under programme to drive up revenue and returns, the company announced the elimination of 70...

Published:Wednesday | August 8, 2018 | 12:00 AMAvia Collinder/ Business Reporter

It's now 21 years since bailout agency Finsac was established to address problems of insolvency in the financial sector, but plans to wind up the company are hostage to unresolved court cases.The Ministry of Finance told the Financial Gleaner that...

Published:Wednesday | August 8, 2018 | 12:00 AM

Real estate developer Lloyd Williams is taking on his first venture in Jamaica, Kensington Gate, a seven-storey residential complex costing $500 million.The principal owner of J.M.D Williams Innovative Homes...

Published:Wednesday | August 8, 2018 | 12:00 AMAvia Collinder/ Business Reporter

New data indicate some measure of success in the rehabilitation of insolvent pension schemes.At the end of last year, insolvent schemes represented seven per cent of active pension plans, and accounted for 1.07 per cent of the pension assets under...

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