Wed | Jan 16, 2019

Business

Published:Wednesday | January 16, 2019 | 12:09 AM

NEW YORK (AP):A hedge fund-backed bid to buy Gannett Co, the publisher of USA Today and several other major dailies, is renewing fears of consolidation and job losses - as well as a decline in the quantity and quality of news coverage - in the...

Published:Wednesday | January 16, 2019 | 12:08 AM

SHENZHEN, China (AP):The founder of Huawei said Tuesday that his company would refuse to disclose secrets about its customers and their communication networks, trying to lay to rest concerns that the Chinese tech giant might spy for the Communist...

Published:Wednesday | January 16, 2019 | 12:00 AM

BRIDGETOWN, Barbados (CMC):The Barbados government has put a temporary freeze on borrowing even as it reported an improvement in the island's economic position."Over the next four years the Barbados government will not borrow any new funds. To put...

Published:Wednesday | January 16, 2019 | 12:00 AMNeville Graham/Business Reporter

Financial investigations in Jamaica are receiving a boost with a programme aimed at training investigators in using the Proceeds of Crime Act to go after criminals' ill-gotten gains.Participants drawn from the Major Organised Crime and Anti-...

Published:Wednesday | January 16, 2019 | 12:00 AM

AMG Packaging & Paper (AMG), the cardboard paper maker, released its first set of improved financials from core operations following its disposal of its toilet tissue business...

Published:Wednesday | January 16, 2019 | 12:00 AMSteven Jackson/ Senior Business Reporter

Caribbean Cream, which makes the Kremi brand of ice cream, has announced that it completed the installation of its $180-million ammonia refrigeration plant in its latest quarter, which will increase its production capacity by 20 per cent.The plant...

Published:Wednesday | January 16, 2019 | 12:00 AMAvia Collinder/Business Reporter

Members of the Caribbean Community (CARICOM) budget committee, which met in Guyana last December, found that members states are in arrears to the tune of more than US$99 million as at May 31, 2017, in terms of their contributions.A paper, titled '...

Published:Wednesday | January 16, 2019 | 12:00 AM

HAVANA (AP):President Donald Trump's Cuba policy is driving millions of dollars from the island's private entrepreneurs to its state-run tourism sector, the opposite of its supposed goal, according to new government figures.Trump announced in June...

Published:Wednesday | January 16, 2019 | 12:00 AM

WASHINGTON (AP):No city experiences a shutdown quite like Washington. Besides the economic impact, a shutdown warps the nation's capital on a cultural, recreational and logistical level - touching everybody from garbage collectors and young parents...

Published:Wednesday | January 16, 2019 | 12:00 AM

With the US government mired in shutdown week four, President Donald Trump is rejecting a short-term legislative fix and digging in for a fight, declaring he will "never, ever back down".Air travellers endured waits of more than an hour to...

Published:Tuesday | January 15, 2019 | 12:00 AM

NEW YORK (AP):Stock markets around the world are down Monday after China reported a drop in exports in December. Fears about the health of China's economy and the global economy overall were a major contributor to the stock market's plunge in late...

Published:Sunday | January 13, 2019 | 12:28 AM

Speaking on January 10  after being sworn in for a second six-year term, Venezuela’s President, Nicolás Maduro declared that his country would “construct 21st century socialism” was “a democracy under...

Published:Sunday | January 13, 2019 | 12:10 AM

Federal workers received pay stubs Friday with nothing but zeroes on them as the effects of the government shutdown hit home, deepening anxieties about mortgage payments and unpaid bills.All told, an estimated 800,000 government employees missed...

Published:Sunday | January 13, 2019 | 12:00 AMAvia Collinder

Gusland McCook, acting director general of the Jamaica Agricultural Commodities Regulatory Authority (JACRA), has confirmed that business consultant Dennis Boothe has been appointed chairman of the board of JACRA.JACRA's first chairman, Richard...

Published:Sunday | January 13, 2019 | 12:00 AM

We Jamaicans have a difficulty noticing high standards, even when they hit us right in the face. This habit ruins organisations when leaders are the worst culprits.For example, even our savviest business leaders sometimes fall for hucksters who...

Published:Sunday | January 13, 2019 | 12:00 AM

Are the contractors who are undertaking roadworks in connection with the Major Infrastructure Development Programme (MIDP) paying enough attention to managing the risks associated with the works? Are their efforts to prevent injuries or deaths to...

Published:Sunday | January 13, 2019 | 12:00 AM

Question:I am in bad debt on two angles. I have an outstanding credit card debt, and I also have a bad debt, with a company in the micro finance sector. The latter was a loan I stupidly took for my boyfriend at the time, and he has made no payment...

Published:Sunday | January 13, 2019 | 12:00 AMSteven Jackson

PanJam Investment has declined to say whether it will raise funds in the short term amid its first-ever rating by regional rating agency Caribbean Information and Credit Rating Services Limited (CariCRIS)."We intend to be rated going forward...

Published:Sunday | January 13, 2019 | 12:00 AM

The Inter-American Development Bank (IDB) says exports from Latin America and the Caribbean, including Jamaica, hit their highest level in six years as a result of a 9.9 per cent increase in 2018, albeit amid growing downside risks in the future.A...

Published:Sunday | January 13, 2019 | 12:00 AM

Exports of Jamaica increased 17.6 per cent year-on-year in the first quarter of 2018, according to an Inter-American Development Bank (IDB) report which said that sales from Latin America and the Caribbean to overseas markets were the highest in six...

Published:Friday | January 11, 2019 | 12:07 AM


Fraser Fontaine & Kong (FFK) has transformed to FFK 'N ROLL, a complete online process that will offer quick access to status reports about insurance policies to all employed Jamaicans who are FFK clients...

Published:Friday | January 11, 2019 | 12:05 AM

A U.S. supplier of t-shirts and other team apparel to college bookstores cut its ties Wednesday with a Chinese company that drew workers from an internment camp holding targeted members of ethnic minority groups. In recent years, authorities in the...

Published:Friday | January 11, 2019 | 12:00 AM

GB Energy, the marketing company that holds the Texaco brand in Jamaica, will be undertaking a $2-billion expansion drive to increase the number of petroleum service stations from 72 a year ago to 87 by the end of 2019,...

Published:Friday | January 11, 2019 | 12:00 AM

A number of the biggest names in technology - Apple, Microsoft, Google, etc - are among some of the top 100 publicly traded companies having profits that appeared to be generated in offshore tax...

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