Jamaica Business News

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Updated: 10 hours 16 min ago

Mobile termination rates versus value products

10 hours 16 min ago
Jamaicans talked for more than 11 billion minutes on their mobile phones in less than two years after the initial reduction of mobile termination rates, according to analysis by the Fair Trading Commission (FTC).

Movements

10 hours 16 min ago
Craig Mair has replaced Norm Stevenson as senior vice-president for corporate and commercial banking at Scotiabank Jamaica, effective November 1.

Wendy's expanding near residential locations

10 hours 16 min ago
Wisynco Foods is adding two new Wendy's outlets in Portmore and Manor Park next year, amid recognition of the franchise as the most improved operation in the Latin America and Caribbean region by the sandwich shop's American owners.

Repo trust still under development as sector weakens

10 hours 16 min ago
The Financial Services Commission (FSC) has indicated that it is making progress on the technical details and administrative framework of the new retail repo transaction structure, which is intended to reduce risk to securities dealers.

OPEC at a crossroads as oil prices fall

10 hours 16 min ago
These are the moments for which OPEC exists: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly US$1 billion a day.

The Nicholson apology

10 hours 16 min ago
On Friday, November 21, 2014 the former long-serving attorney general, and our foreign minister for the past three years, made a sublime apology in the Senate.

Argentina and Mexico: Energy reformers

10 hours 16 min ago
Energy reforms have recently been at the top of the Argentine and Mexican political agendas, and they will have an important impact on their economic development.

OPEC keeps oil output on hold

10 hours 16 min ago
OPEC oil ministers decided Thursday to keep their production target at 30 million barrels a day, despite an oversupply of crude and plunging prices.

Airbag dispute escalates

November 27, 2014 - 9:22pm
A dispute between United States safety regulators and airbag maker Takata Corp escalated Wednesday when the government threatened fines and legal action if the company fails to admit that driver's side airbag inflators are defective and agrees to a...

EU proposes US$380b investment plan

November 27, 2014 - 9:22pm
The European Union's executive has proposed a plan to boost investment in the bloc's flagging economy by €315 billion (US$380 billion) by attracting reluctant private investors with guarantees and seed money.

Clampdown on bootleg Blue Mountain coffee

November 26, 2014 - 9:08pm
Chairman of the Coffee Industry Board (CIB), Delano Franklyn, yesterday announced the formation of a new Brand Infringement and Enforcement Task Force to combat the rising problem of fraudulent Blue Mountain coffee brands on the local market, as well as unlicensed imports of coffee.

Property developer 138 Student Living Jamaica Ltd prices IPO at $4

November 26, 2014 - 9:08pm
The initial public offering (IPO) of real-estate company 138 Student Living Jamaica Limited aims to raise $562.9 million from a float of ordinary and redeemable preference shares on the stock market, starting Thursday.

'Too early to relax primary surplus target'

November 26, 2014 - 9:08pm
Three technocrats have suggested that it would be unwise for the Government to deviate from the 7.5 per cent of gross domestic product (GDP) primary surplus target agreed under Jamaica's economic support programme with the International Monetary Fund (IMF).

SEC issues subpoena to Brazil's Petrobras

November 26, 2014 - 9:08pm
The US Securities and Exchange Commission has issued a subpoena to Brazil's Petrobras for documents relating to an investigation into the state-controlled oil company.

Spice island offers case study in debt traps

November 26, 2014 - 9:08pm
The small Caribbean island of Grenada offers a salutary lesson on the dangers of loading up with debt for governments tempted by easy money.

FSC sets $1m minimum for retail repo purchases

November 26, 2014 - 9:08pm
The Financial Services Commission (FSC) will phase in new minimum transaction values for retail repos over the next year - $1 million for local-currency purchases and US$10,000 for foreign-currency repos.

No egg shortage for Christmas

November 26, 2014 - 9:08pm
The Jamaica Egg Farmers Association (JEFA) says egg production is comfortably above the 11.5 million needed to satisfy local demand this Christmas and that the market is unlikely to face another shortage as happened last year.

Island Grill Sovereign to reopen mid-December

November 26, 2014 - 9:08pm
Thalia Lyn, the owner and chief executive officer of the Island Grill quick-service restaurant chain, is eyeing the second week of December to reopen the fire-damaged outlet at the Sovereign Centre mall in Liguanea in time for the usual Christmas rush.

ACB $10m travel bill

November 26, 2014 - 9:08pm
The last accounts for the Agricultural Credit Board (ACB) are audited by Grant Thornton for the period ending March 31, 2013.

Equities underperform money market, USD securities

November 26, 2014 - 9:08pm
Continued weak investor interest in the equities market is linked to competing higher returns on money-market instruments and capital gains on foreign currency investments, according to the Bank of Jamaica (BOJ).