Mon | May 16, 2022

Business

Published:Monday | May 16, 2022 | 5:52 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Monday with an advance/decline ratio of 37/61. The JSE Combined Index moved down by 4,753.52 points or 1.14 per cent to close at 411,621.92 points. The JSE Main Market Index declined...

Published:Sunday | May 15, 2022 | 12:08 AMKarena Bennett - Business Reporter

KLE Group Limited has segued from food services to property management and development, marking its second major makeover in a decade as a listed stock market company that has found sustainable profit elusive. But the restructuring and adoption of...

Published:Sunday | May 15, 2022 | 12:08 AM

After a month of crippling ransomware attacks, Costa Rica has declared a state of emergency. In theory, the measure usually reserved to deal with natural disasters or the COVID-19 pandemic would free up the government to react more nimbly to the...

Published:Sunday | May 15, 2022 | 12:07 AMHuntley Medley - Associate Business Editor

A senior World Bank official is seeking to assure Jamaica and other countries that they need not fear being squeezed out of the funding pipeline because of the large amounts of money the multilateral agency has had to be funnelling to the eastern...

Published:Sunday | May 15, 2022 | 12:07 AM

QUESTION: I would like to know how best to approach this matter. There is a credit card from a major bank from 2011 that’s still showing up on my credit report. The card was issued in 2011 and expired in 2015. The original balance of $260,000 on...

Published:Sunday | May 15, 2022 | 12:06 AM

The newly installed president of the Insurance Association of Jamaica, IAJ, is warning that insurance rates could rise due to a reprioritisation of reinsurance funds. Sharon Donaldson, who was recently elected president at the association’s annual...

Published:Sunday | May 15, 2022 | 12:06 AM

Your company may be one of those that build their strategic plan around an individual’s ideas. But even if the ‘Big Man’ is a brilliant entrepreneur-founder, is it a good idea to include a host of other stakeholders in the process? If the current...

Published:Sunday | May 15, 2022 | 12:06 AM

The countdown to the start of the 2022 Atlantic Hurricane Season has begun. Sixteen clear days remain until June 1. When it comes to compliance with building regulations, the drowsy municipal government for Kingston and St Andrew, the KSMAC, was...

Published:Sunday | May 15, 2022 | 12:06 AM

After a prolonged period in which Washington’s economic role and political influence in Latin America and the Caribbean has been unrivalled, fundamental questions are being asked about whether the development of institutions less dominated by the...

Published:Friday | May 13, 2022 | 3:58 PM

The Jamaica Stock Exchange (JSE) Combined Index ended the week Friday on a winning note. Moderate trading ended with an advance/decline ratio of 47/48. The JSE Combined Index advanced by 1,784.92 points or 0.43 per cent to close at 416,375.44. The...

Published:Friday | May 13, 2022 | 12:45 AM

ADVERTORIAL: MC SYSTEMS In just a few years Human Resources Management (HRM) could have very little to no paper as part of its process. This on-going transition poses questions and opportunities to make businesses more efficient and productive....

Published:Friday | May 13, 2022 | 12:09 AMHuntley Medley - Associate Business Editor

The continuing delay in bringing closure to proposed changes to tax laws and policies remains a source of irritation to the group that represents chartered accountants in Jamaica. As a result, Allison Peart, president of the Institute of Chartered...

Published:Friday | May 13, 2022 | 12:09 AM

Bonds are supposed to be the safe part of any nest egg, but they’re getting brutalised. High-quality US bonds have lost more than 10 per cent so far this year, as of Monday, on pace for one of their worst years in history. The investors feeling it...

Published:Friday | May 13, 2022 | 12:09 AM

Britain’s foreign secretary warned the European Union on Thursday that the United Kingdom will have “no choice but to act” to revoke parts of a Brexit agreement on Northern Ireland if the EU does not show flexibility. Post-Brexit arrangements for...

Published:Friday | May 13, 2022 | 12:09 AM

It’s been three years since Seprod shuttered the Golden Grove factory in St Thomas and announced its exit from sugar, but it’s still having to deal with the 3,500 acres of cane lands it holds under lease. Last year, amid conversion of the land to...

Published:Friday | May 13, 2022 | 12:09 AM

Jamaica, like the rest of the world, is facing a sharp increase in inflation arising from supply chain constraints due to the ongoing pandemic and war. There is a lingering concern that this spike in inflation could be permanent, rather than...

Published:Friday | May 13, 2022 | 12:08 AMKarena Bennett - Business Reporter

MFS Acquisition Limited, the newly formed company that’s taking over SSL Venture Capital Jamaica Limited, SSLVC, has placed an offer on the market for all the outstanding shares, but has made it clear it wants no more than a 79.08 per cent interest...

Published:Friday | May 13, 2022 | 12:08 AM

As the uproar over Elon Musk’s US$44-billion buyout of Twitter reached a crescendo, another Musk drama was back in court. That 2018 spectacle started, ironically enough, with a Musk tweet about doing an audacious deal. Weeks later, the Tesla CEO...

Published:Friday | May 13, 2022 | 12:08 AM

Argentina, on Tuesday, joined a growing list of countries trying to woo remote workers by implementing a temporary visa targeted at digital nomads, who can work anywhere in the world as long as they have a good internet connection. Interior...

Published:Friday | May 13, 2022 | 12:08 AM

Wisynco Group grew earnings by 24 per cent for its third quarter on revenues that swelled to another quarterly high at $9.7 billion. The manufacturer and distributor credited the quarterly performance to surging local and international demand from...

Published:Friday | May 13, 2022 | 12:08 AM

Pacific Airport Group, GAP, operator of Jamaica’s two largest airports, announced that it recently hedged the risk associated with its US$58 million in loans to develop the airport in Montego Bay, via an interest rate swap. The capital projects at...

Published:Thursday | May 12, 2022 | 5:26 PM

The Jamaica Stock Exchange (JSE) Combined Index continued with a second day of decline on Thursday. Moderate trading ended with an advance/decline ratio of 47/45. The JSE Combined Index declined by 2,632.86 points or 0.63 per cent to close at 414,...

Published:Thursday | May 12, 2022 | 12:07 AM

Ukraine stopped the flow of Russian natural gas through one of the hubs that feed Western European homes and industry on Wednesday, sending a fresh wave of energy jitters through Europe. The price of gas jumped – then fell. Ukraine’s natural gas...

Published:Wednesday | May 11, 2022 | 12:10 AM

Buoyed by a fourfold growth in profit for the March quarter, NCB Financial Group Limited has a favourable outlook on the periods ahead, despite the global uncertainties sparked by the Russia-Ukraine war. Its optimism rests in part on rising...

Published:Wednesday | May 11, 2022 | 12:08 AM

Amazon has fired two employees with ties to the grassroots union that led the first successful US organising effort in the retail giant’s history. The company confirmed Tuesday that it fired Michal, or ‘Mat,’ Cusick and Tristan Dutchin of the...

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