Jamaica Business News

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The oldest and leading newspaper in Jamaica
Updated: 16 hours 40 min ago

Fed ends bond buying

October 30, 2014 - 4:07pm
The United States Federal Reserve plans to keep a key interest rate at a record low to support a US job market that's improving, but still isn't fully healthy, and help lift inflation from unusually low levels.

NHT diversifies into attractions market Acquires Outameni for $180m

October 29, 2014 - 2:35pm
In what appears to be a tweaking of its business model, Jamaica's premier housing and mortgage agency has diversified into attraction ownership with the acquisition of Outameni Experience in Trelawny from Lennie Little-White.

Historic leap: Jamaica surges 36 places in Doing Business rankings

October 29, 2014 - 2:35pm
Jamaica has achieved the Caribbean region's highest ranking on the ease of doing business, and has jumped 36 places to 58 among 189 economies worldwide, according to the just-released Doing Business 2015 report.

Finance ministry to sort out non-payment of deductions

October 29, 2014 - 2:35pm
The government will be moving to address the vexed issue of non-payment of salary deductions to various institutions, within the next six months...

Eppley goes back to market

October 29, 2014 - 2:35pm
Eppley Limited will go back to the market on November 4 to raise $250 million via an offer of 4.666 million redeemable preference shares at $6 each.

Trade Board holds firm to revised auto import policy

October 29, 2014 - 2:35pm
Trade Board Limited is holding firm to the provisions of the revised Motor Vehicle Import Policy (MVIP) which was effected in April, following Cabinet approval, and is actively enforcing all aspects of the revisions, said chief executive officer Victor Cummings.

JUTC becomes transparent

October 29, 2014 - 2:35pm
What a welcome surprise! And an even a bigger surprise as it comes from the Jamaica Urban Transit Company (JUTC).

More business in brief

October 29, 2014 - 2:35pm
CCRIF SPC, formerly the Caribbean Catastrophe Risk Insurance Facility, will likely pay out about US$500,000 to Anguilla under that country's excess rainfall insurance policy.

Jamaica weighs damaged car repair, export under logistics hub

October 29, 2014 - 2:35pm
The Trade Board Limited is weighing the lifting on the moratorium on damaged car imports, under a new policy that ties the business into the larger logistics hub programme.

Lloyds axes 150 branches, 9,000 jobs

October 29, 2014 - 2:35pm
Lloyds Banking Group has confirmed plans to to close 150 branches and cull 9,000 jobs in a move to cut costs and focus on digital services.

The Silver Economy: Life insurers take strain of ageing population

October 29, 2014 - 2:35pm
No industry has borne the brunt of the world's rapidly ageing population like life insurance. As well as selling protection to family members against the premature death of a wage earner, these companies have built a healthy business insuring human lifespan.

Barbados plans CLICO bailout

October 29, 2014 - 2:35pm
The Barbados government is contemplating a rescue package for cash-strapped CLICO International Life, Finance Minister Chris Sinckler has said.

Toyota tops 'Consumer Reports' reliability rankings

October 29, 2014 - 2:35pm
Toyota continues its winning streak atop Consumer Reports' annual reliability rankings.

Chiquita okays US$681m Brazilian bid

October 28, 2014 - 1:55pm
Chiquita has sealed a deal to be acquired by two Brazilian companies for about US$681 million, with the US-based banana producer expected to go private by the end of this year or early next.

Oil slips below US$80 then recovers

October 28, 2014 - 1:55pm
The price of oil dipped below US$80 a barrel Monday, after a major investment bank lowered its forecast for crude prices this year and next.

MultiLink a near $100b network

October 27, 2014 - 1:08pm
Edmundo Jenez, managing director of JETS Limited, the company that manages the MultiLink network and operates the Automated Clearing House (ACH) system, says transactions fees remain relatively cheap for Jamaicans, even as its owners pump massive capital into the system.

Business Events

October 27, 2014 - 1:08pm
OCTOBER 28 Eppley Limited extraordinary general meeting, at 58 Half-Way Tree Road, Kingston, 9 a.m.

Snapshots

October 27, 2014 - 1:08pm
See the photos ...

Green Village to go on the market next year

October 27, 2014 - 1:08pm
A new set of energy-efficient homes are under development in Greendale, St Catherine, and may hit the market next year.

The changing, more assertive Caribbean diaspora

October 27, 2014 - 1:08pm
About 10 days ago some 600 invited participants from the United Kingdom's Caribbean diaspora gathered at a venue near the British Parliament.