Jamaica Business News

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Updated: 12 hours 11 min ago

The Searchable NSIPP Registry - The way forward

February 25, 2015 - 12:00am
The shock and outrage at the personal information that was visible on a public search of the online National Security Interests in Personal Property Registry - the NSIPP Registry - dominated recent media headlines, notably The Gleaner's article...

Eurozone backs Greek reforms; key hurdle - to extend bailout

February 25, 2015 - 12:00am
Greece's creditors in the 19-country eurozone on Tuesday approved a list of reforms Athens proposed to get a four-month extension to its bailout, which should keep the country afloat over the coming months.An encouraging reaction from the so-called...

Historic US-Iran nuclear deal could be taking shape

February 25, 2015 - 12:00am
Edging toward a historic compromise, the United States (US) and Iran reported progress Monday on a deal that would clamp down on Tehran's nuclear activities for at least 10 years, but then slowly ease restrictions on programmes that could be used to...

Pork in short supply - Processors push for imports; consumers unaffected

February 24, 2015 - 11:04pm
Local pork consumption has improved over the years amid the Ministry of Agriculture's push to stave off imports, but the sector is now facing a shortfall of supplies to processors, who are calling for a relaxation of import permits.Since last...

Time to go green

February 24, 2015 - 12:43pm
Minister of Water, Land, Environment and Climate Change, Robert Pickersgill urged regional policymakers and the private sector alike to embrace the possibilities inherent in effecting green economy activities. Embracing the so-called “triple...

Greece readies new list of bailout reforms

February 24, 2015 - 12:00am
ATHENS, Greece (AP): Caught between its own defiant campaign pledges and pressure from creditors, Greece's left-wing government will deliver a list of reforms today, Tuesday, to debt inspectors for final approval of extended rescue loans,...

Medical Disposables grows revenue, profit

February 24, 2015 - 12:00am
Medical Disposables and Supplies Limited (MDS) has reported increased revenues of $848 million for the nine months ending December, a 27 per cent increase year on year.The medical supply company also reported a 60 per cent rise in net profit...

Surging dollar takes bite out of corporate profits

February 23, 2015 - 12:00am
NEW YORK (AP): The biggest obstacle for Coca-Cola and Pepsi these days isn't tied to taste tests, the declining popularity of sugary drinks or even their century-long rivalry. It's the surging US dollar.

No truth in PSOJ allegation regarding Petrojam - Cargill

February 22, 2015 - 12:00am
Chris Cargill, the chairman of the Petroleum Corporation of Jamaica, dismissed allegations that subsidiary Petrojam Limited might be massaging pricing data to make itself more profitable and more attractive to a potential buyer.

JSE online trading platform coming

February 22, 2015 - 12:00am
Jamaica Stock Exchange (JSE) predicts that its new online trading platform, set for possible launch in April, will eventually grow trading volumes by 10 per cent. The online portal, said JSE General Manager Marlene Street Forrest, will be available...

Deadline for new business online registrations uncertain

February 22, 2015 - 12:00am
Judith Ramlogan, CEO of the Companies Office of Jamaica (COJ), said on Friday that while it has been announced that online registration of new companies will be in place by December 2015, the COJ was unable to provide assurances that it will happen....

Charlton Palms placed on the market by receiver

February 22, 2015 - 12:00am
Charlton Palms, an apartment complex developed by Oneil Clarke's construction firm OCH Developers, is being sold en bloc under receivership. The complex was initially financed by Jamaica Mortgage Bank but the mortgage was later transferred to...

The dos and don'ts of investing in unit trusts

February 22, 2015 - 12:00am
I am a farmer and I recently joined the NCB Capital Market Fund. I really do not understand much about investments and the hidden terms and conditions that they come with.I am, however, willing to learn by investing small amounts of money. I would...

Prostate cancer treatment, a health insurance enigma

February 22, 2015 - 12:00am
I bought a health insurance policy about 15 years ago. One of its most attractive features was the major medical (MM) coverage. It had a lifetime limit of $2.5 million which was quite a lot of money at that time. MM comes into play after thelimits...

10 signs you're ready to be an entrepreneur

February 22, 2015 - 12:00am
One question I get asked often, especially by young persons, is: "Do I need a university degree to become a successful entrepreneur?" My answer is no.You do not need a college education to transform an idea into a viable business. There is no...

CARICOM confab becoming a sideshow

February 22, 2015 - 12:00am
When the prime minister of the Bahamas, Perry Christie, opens the 26th CARICOM Heads of Government Intersessional meeting on February 26 in Nassau, one might be forgiven for wondering if this regional summit will be perceived any more positively...

Career Photo

February 21, 2015 - 11:01pm

Fitch more positive about Jamaica

February 21, 2015 - 12:00am
Fitch Ratings Agency has revised the outlook for Jamaica from stable to positive and reaffirmed the long term foreign currency and local issuer default ratings at ‘B-‘ and the short-term foreign currency rating at ‘B’, with...

Greece and eurozone reach deal on extension

February 21, 2015 - 12:00am
BRUSSELS (AP): Following weeks of recrimination and distrust, Greece and its creditors in the 19-nation eurozone reached an agreement Friday on extending the country's rescue loans, a move that should dramatically ease concerns it was heading...

Venezuela allows sale of dollars at near black market rate

February 20, 2015 - 11:00pm
Venezuelans lined up Thursday for their first chance in years to change bolivars into dollars without having to justify why they need foreign currency.The socialist South American country launched a new exchange system last week that allows...