Jamaica Business News

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Updated: 3 hours 42 min ago

Ministry of Lands concerned that ... - Land divestment lacks transparency - New policy takes aim at speculators

11 hours 35 min ago
A new, streamlined land divestment policy was tabled in Parliament last month that aims to speed up privatisations for development purposes but also to deter speculation.The properties involved include some 35,000 parcels of landing ranging in size...

Haircare company Ettenio makes bigger push for exports

11 hours 35 min ago
Local skin and hair-care company, Ettenio, is boosting production ahead of a push into exports to the Caribbean to tap a growing demand for herbal and natural products in the Caribbean.Launched in 2012, Ettenio, which plays on the name of its...

Blooms from Colombia

11 hours 35 min ago
Jamaica imported fresh flowers valued at US$407,361 from Colombia for the period January to November 2014, and that country's trade promotion agency is aiming to gin up even more business.Carlos Gonzalez, the director for the Caribbean at...

GraceKennedy USA signs distribution deal with AriZona Beverages

11 hours 35 min ago
GraceKennedy USA LLC has struck a deal with American company AriZona Beverages USA, to distribute its Grace line of beverages.The partnership will expand the Grace line into convenience stores, restaurants and bars across New York and New Jersey,...

A sequence of unfortunate events versus claims sceptics

11 hours 35 min ago
QUESTION: While on my way to Kingston on January 8 to service my vehicle, I was attacked. An object was thrown into the windscreen of my car. The windscreen shattered. I panicked and crashed the vehicle into a small wall. Unable to move, I came out...

Unit trusts, - a better option

11 hours 35 min ago
As commercial bank deposit rates for relatively small sums struggle to beat one per cent per annum, money market unit trusts are presenting themselves as a better option.The above table illustrates the 12-month growth rate, calculated on a...

Some truth-telling about tax on wages

11 hours 35 min ago
Someone once said there are two types of taxpayers in Jamaica: those who operate under the 'pay as you earn' or PAYE system, and those who 'pay as you like'.The PAYE group are those wage workers selling their labour to the 'capitalist'. To the...

Executives must make it easy to get direct feedback

11 hours 35 min ago
High-level executives live in a rarefied world of extreme competition and ambition, but the longer they stay at the top, the harder it becomes to get the kind of advice that overturns their thinking.Here's what they can do early in their careers to...

Dominican Republic going its own way

11 hours 35 min ago
Last month, Danilo Medina, the president of the Dominican Republic, made clear that it was time to reset his country's foreign policy to better reflect its development objectives and the process of change and modernisation now underway.His views...

Google teams with three wireless carriers to combat Apple Pay

11 hours 35 min ago
Aiming to undercut Apple's latest hit service, Google is teaming up with three major US wireless carriers to prod more people into using its mobile wallet.The counterattack announced Monday is just the latest example of how the competition between...

Cuban youth build secret - network despite Internet ban

11 hours 35 min ago
Cut off from the Internet, young Cubans have quietly linked thousands of computers into a hidden network that stretches miles across Havana, letting them chat with friends, play games and download hit movies in a mini-replica of the online world...

Fiat Chrysler recalls 467,000 SUVs for possible stalling

11 hours 35 min ago
Fiat Chrysler recalls 467,000 SUVs for possible stallingFiat Chrysler is recalling more than 467,000 Dodge and Jeep SUVs worldwide to fix a faulty fuel pump relay at the root of a potential stalling problem.It's the same problem that caused the...

Honda to replace its CEO amid air bag crisis, sales drop

11 hours 35 min ago
Honda to replace its CEO amid air bag crisis, sales dropHonda Motor Company, hurt by falling sales and embroiled in a crisis over defective air bags, is replacing its CEO.The Japanese automaker said Monday that Takanobu Ito, its president and chief...

Death toll from General Motors ignition switches rises to 57

11 hours 35 min ago
Death toll from General Motors ignition switches rises to 57The death toll from crashes involving General Motors cars with defective ignition switches has climbed to 57.The total is one more than last week. It was posted Monday on an Internet site...

Puerto Rico seeks protection of federal bankruptcy code

February 27, 2015 - 12:00am
Puerto Rico government officials sought Thursday to convince US legislators that the island's financially struggling public corporations should be allowed to restructure their debt under the federal bankruptcy code.The push comes weeks after a...

The stage is set: It is now time to build - Wynter

February 27, 2015 - 12:00am
Growth in the economy is expected to strengthen for the remainder of the fiscal year and over the medium term, Bank of Jamaica Governor Brian Wynter has assured, notwithstanding two consecutive quarters of decline which has technically put the...

Appleton back with the Dream

February 27, 2015 - 12:00am
After a two-year hiatus J. Wray...

CDB projects two per cent growth for region in 2015

February 27, 2015 - 12:00am
The Caribbean Development Bank (CDB) is forecasting average regional growth of two per cent in 2015.Economic expansion is currently being projected for all 19 borrowing member countries, with most set to once again grow by between one and three per...

Consumer prices plunge 0.7 per cent on cheaper gas costs

February 27, 2015 - 12:00am
A plunge in gas prices last month lowered consumer prices by the most in six years. But excluding the volatile food and energy costs, prices rose.The Labor Department said Thursday that the consumer price index fell 0.7 per cent in January, the...

Credit union segment gets smaller as mergers continue

February 27, 2015 - 12:00am
Group chief executive officer of the Jamaica Co-operative Credit Union League (JCCUL), Glenworth Francis, said the number of the member-owned financial cooperatives will likely be decreased to 34 from the current 37 by year end as more unions...