Mon | Jan 22, 2018

Business

Published:Sunday | January 21, 2018 | 12:59 AM

QUESTION: I crave information on the subject of default on loans from microfinance companies, as they see death also as defaulting. My question is, does death of a borrower amounts to him defaulting? Bear in mind that death cheated him/her of a...

Published:Sunday | January 21, 2018 | 12:25 AM

These days the average young adult spends more time engaged with social media than any other social or economic activity, including work, sleep, and interaction with family. It is estimated that individuals aged 18 to 36 years spend as much as 18...

Published:Sunday | January 21, 2018 | 12:00 AMAvia Collinder

Jamaica's cruise tourism market is expected at the very least to match last year's unexpected performance, but there is hope that the number of visitors could edge even closer two million passengers if current growth trajectories are maintained.The...

Published:Sunday | January 21, 2018 | 12:00 AM

National Housing Trust, NHT, says the pool of private lenders under the Joint Finance Mortgage Programme has grown to seven with the addition of National Commercial Bank Jamaica Limited.Jamaica's largest bank joined the pool of 'participating...

Published:Sunday | January 21, 2018 | 12:00 AMAvia Collinder

Coffee processor Jamaica Standard Products Company Limited will begin retailing single serve coffee capsules under the Island Blue and High Mountain brands this year, according to General Manager John O. Minott, who is looking to reinvigorate volume...

Published:Sunday | January 21, 2018 | 12:00 AM

Laurence D. Fink, the founder and chief executive of the investment firm BlackRock, says: "Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial...

Published:Sunday | January 21, 2018 | 12:00 AM

QUESTION: I'm overwhelmed by student loan and credit card debt, and I'm embarrassed to admit it to my partner. Should I come clean?BRIANNA: Some secrets are harmless, like eating the last slice of your partner's favourite cake. Or saying you're sick...

Published:Sunday | January 21, 2018 | 12:00 AM

Earlier this month, Exxon announced that it had made a major new oil find off Guyana. It was, it said, the largest since it began exploration there in 2015.The company's statement followed one last June advising of a 'world-class discovery' on...

Published:Sunday | January 21, 2018 | 12:00 AM

On a sweltering early summer afternoon in Miami's Little Havana, Donald Trump told a cheering Cuban-American crowd that he was rolling back some of Barack Obama's opening to Cuba in order to starve the island's military-run economy of United States...

Published:Sunday | January 21, 2018 | 12:00 AM

Former Brazilian President Luiz Inacio Lula da Silva derided the judicial system that convicted him of corruption and extolled his accomplishments in office on Thursday, just days before a ruling on the appeal of his conviction.In July, Lula was...

Published:Sunday | January 21, 2018 | 12:00 AM

Top financial officials in Puerto Rico offered a peek last Friday into why the United States territory is mired in an 11-year recession as a federal control board demanded more transparency and information about the island's finances.Officials said...

Published:Friday | January 19, 2018 | 12:00 AM

Completion of the first phase of The Orchards will miss its February deadline, but the developer says it's already sold out, and is about to start marketing the next set of residences to be...

Published:Friday | January 19, 2018 | 12:00 AM


One year after its most recent merger, the Community & Workers of Jamaica Co-operative Credit Union Limited, C&WJCCU, is reporting a 300 per cent increase in profit, and a $1 billion increase in assets...

Published:Friday | January 19, 2018 | 12:00 AM

European shipping interests converged at the Jamaica Conference Centre in Kingston last week for the auction of Malta-registered bulk carrier, Trading Fabrizia, at which a Greek shipper scored the...

Published:Friday | January 19, 2018 | 12:00 AM

Nearly three years after completing its new downtown landmark, the Festival Marketplace in Kingston, the Urban Development Corporation, UDC, is still hunting lessees for empty shops.The scenic development,...

Published:Friday | January 19, 2018 | 12:00 AM

Riots in Tehran, political unrest in Saudi Arabia and chaos in Venezuela - all of these problems seem to have domestic explanations.Iranian experts point to rampant corruption, the effect of international sanctions and the unmet...

Published:Friday | January 19, 2018 | 12:00 AM

The Middle East's largest airline, Emirates, is throwing Airbus a lifeline for its troubled A380 jumbo jet.The carrier said on Thursday that it struck a deal with Airbus to buy 20 of its A380...

Published:Friday | January 19, 2018 | 12:00 AM

Amazon, which is on the hunt for a second home, said on Thursday that it narrowed its choices to 20 locations from the 238 proposals it received.The online retailer kicked off its hunt for a place to...

Published:Friday | January 19, 2018 | 12:00 AM

Dan Theoc, who up until last November was chief financial officer for power utility Jamaica Public Service Company, has been hired by Mayberry Investments Limited, effective January 15.In his new job as senior vice-president...

Published:Friday | January 19, 2018 | 12:00 AM

China's economy gained steam in 2017, expanding at a 6.9 per cent pace in 2017 in its first annual increase in seven years, according to data released on Thursday that exceeded economists' forecasts and...

Published:Friday | January 19, 2018 | 12:00 AMHuntley Medley

Last year, the Jamaican Government raised the tax on cigarettes from $14 to $17 per stick, with the intent of raising $876 million of additional tobacco revenue for the Treasury.But the...

Published:Friday | January 19, 2018 | 12:00 AM

Seprod Limited has advised that it conducted a transfer of shares that shifted ownership of diary assets directly to itself from large shareholder Musson Jamaica.The transaction occurred on January 1, 2018, where...

Published:Friday | January 19, 2018 | 12:00 AMHuntley Medley

Diversified food manufacturer Seprod Limited is pumping up to US$40 million or approximately $5 billion into a new venture to produce palm oil in Jamaica with plans to build a new processing plant and establish a network of farmers to grow palm trees commercially and sell the fruits to the company for crushing...

Published:Friday | January 19, 2018 | 12:00 AM

The developer of the Keystone XL pipeline announced Thursday that it hopes to begin construction next year following an alternative route approved by Nebraska authorities, but an opponent voiced...

Published:Thursday | January 18, 2018 | 2:19 PM

The Jamaica Manufacturers’ Association (JMA) has come out in full support of Prime Minister Andrew Holness’ declaration of a state of emergency in St. James. “The escalation of violent criminal activities is taxing on the entire...

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