Jamaica Business News

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Updated: 12 min 53 sec ago

Pan-Jam projecting $6.5b spend on Oceana

May 29, 2016 - 12:00am
Pan-Jamaican Investment Trust and its Canadian partner is shelling out an initial $1.5 billion primarily to ready the first floor of their newly acquired Oceana property on the Kingston waterfront, space which has already been leased to the...

NCB granted approval for mobile money

May 29, 2016 - 12:00am
National Commercial Bank Jamaica (NCB) has obtained approval from the central bank to launch its suite of mobile money services.The bank has been securing partnerships over the last few months in preparation.It is expected to be the first to roll...

Construction company offers payment plan to build homes

May 29, 2016 - 12:00am
Developer Firmway Enterprise International says it has seen more than a doubling of its client base since it decided to allow customers to pay for construction of their homes in monthly instalments.The company has tailored payment plans, which...

Financial Adviser | Finding the best-performing mutual fund

May 29, 2016 - 12:00am
QUESTION: I am interested in investing in a mutual fund in Jamaica. What would you say is the best one at the moment that will give me good returns? Is there any way I could get a side-by-side comparison of the currently available ones?-...

Businesswise | Bittersweet lessons from Golden Krust on 'Undercover Boss'

May 29, 2016 - 12:00am
Last Sunday evening, social media was abuzz with excitement and sentiments of national pride as we prepared to watch Jamaican entrepreneur Lowell Hawthorne take centre stage on CBS's popular business reality television series Undercover Boss.If you...

Insurance Helpline | Negotiating a personal-injury claim from overseas

May 29, 2016 - 12:00am
QUESTION: I am writing you in the hope that you can advise me about a situation that occurred while I was in Jamaica as a visitor. I live in the Albuquerque, New Mexico in the United States. While there, I was a back-seat passenger in the vehicle of...

Hot new trend in Cuban ID photos: digital suits and blouses

May 29, 2016 - 12:00am
It wasn't yet 10 a.m., but Juan Carlos Espinosa was sweating when he exited his Soviet-era Lada sedan in front of a photo studio in the middle-class Havana neighbourhood of 10 de Octubre.With temperatures in the 80s and humidity lying thick over the...

David Jessop | The urgency of now

May 29, 2016 - 12:00am
There is no shortage of astute advice or practical thinking about the region's future.In the last two weeks alone, speeches from significant regional figures have again made clear what, practically, is required if the anglophone part of the region...

Advertorial: JMMB Capital Markets seek to boost economic growth with increased Junior Market listings

May 27, 2016 - 12:30pm
The Junior Market, of the Jamaica Stock Exchange (JSE) has seen robust activity since the start of 2016, as companies rushed to meet the then March 31 deadline to qualify for the five-year tax incentive.  This activity resulted in six...

Sagicor Group targeting double-digit growth

May 27, 2016 - 12:00pm
For the last 16 years, President and CEO Richard Byles has delivered consistent growth in profit for the Sagicor Group. But he’s not resting on his laurels. Now Byles says he plans to deliver double-digit growth, year over year, for the...

SVL vows to deliver mobile betting service this year

May 27, 2016 - 12:50am
Supreme Ventures Limited (SVL) says it will roll out its mobile betting platform as soon as its selected banking partner, National Commercial Bank Jamaica (NCB), obtains approvals from the central bank. The company otherwise reported at its annual...

IATA writes to Henry on air travel taxes

May 27, 2016 - 12:39am
A taxation study conducted by the International Air Transport Authority (IATA) concludes revealed that a removal of aviation taxes would yield significantly high passenger benefits for Jamaica. The study to be made public this weekend estimates...

Recent decline in exchange rate excessive, sparked by bond rumour — Wynter

May 27, 2016 - 12:00am
A bond offer from a top American bank, Goldman Sachs, has proven disruptive to Jamaica's foreign exchange market in recent weeks,...

GraceKennedy to add 100 acres of pepper farmlands, weighs stock split

May 27, 2016 - 12:00am
Food and finance conglomerate GraceKennedy Limited plans to increase pepper farmlands that feed its factory with raw material by 50 per cent...

Honey Bun gets shareholder nod for stock split, now HACCP certified

May 27, 2016 - 12:00am
Shareholders of Honey Bun Limited have given the company permission to increase its authorised capital from 97.5 million shares to 487.5 million shares...

Purity nearly doubles profit, expects growth to continue

May 27, 2016 - 12:00am
Consolidated Bakeries Limited, the maker of Purity and Miss Birdie baked goods, which trades as Purity Bakery, nearly doubled its net income due to sales from new and existing products for its...

JPS profit spikes on lower oil bill

May 27, 2016 - 12:00am
Lower oil prices in the first quarter of 2016 contributed to reducing consumer light bills, which translated to a US$32-million dip in revenues for the monopoly power distributor, Jamaica Public Service Company (...

Walter Molano | Brazil: The samba revolution

May 27, 2016 - 12:00am
There is an old saying, 'Conflict is the midwife of change', that prescribes what could be Brazil's subtle revolutionary transformation.The past 18 months have been traumatic. The implosion of the commodity bubble, the...

Jury sides with Google in closely watched copyright case

May 27, 2016 - 12:00am
A federal jury has sided with Google in a US$9-billion legal battle with tech industry rival Oracle, a complex copyright case that was closely watched in Silicon Valley.Oracle had said Google...

Rescue package for Atlantic City goes to Christie

May 27, 2016 - 12:00am
New Jersey lawmakers on Thursday sent Governor Chris Christie legislation to keep Atlantic City from running out of cash, throwing the financially-strapped resort a life preserver just before the...