Jamaica Business News

Syndicate content
The oldest and leading newspaper in Jamaica
Updated: 44 min 50 sec ago

Software company Medullan expands to Jamaica

April 17, 2014 - 1:45pm
Software development firm and IT consultancy Medullan Inc officially launched operations in Jamaica on Wednesday and is on the hunt for creative talent.The American company focuses on digital health-care innovation,...

Study: Samsung phone durable, but iPhone has edge

April 17, 2014 - 1:45pm
Samsung's new Galaxy S5 smartphone is more durable than last year's model and other leading Android phones, but the iPhone 5s outperformed all of them in part because of its smaller size, a new study finds.The S5 scored well given its water resistance...

Will China buy everything?

April 17, 2014 - 1:45pm
China is fast becoming Jamaica's investor of last resort.Our financial strain occasioned by the country's oversized debt-to-GDP burden, the unwillingness of lenders who stuffed us with expensive loans over the last two decades...

Harvesting tax losses

April 17, 2014 - 1:45pm
This quote from Don DeLillo's 1997 novel, Underworld, succinctly expressed the reaction that the average business owner will have when properly considering the effect of the new tax regime on losses....

Some airlines drop limes from beverage service

April 17, 2014 - 1:45pm
APThis December 28, 2010 file photo shows a Moscow mule, which uses lime and ginger beer to compliment the vodka, in Concord, NH.

Oil price seesaws near US$104 amid Ukraine tensions

April 16, 2014 - 12:44am
The price of crude oil was volatile around US$104 a barrel on Monday amid escalating tensions in Ukraine. By early afternoon in Europe, benchmark US crude for May delivery was down 11 cents to US$103.63 a barrel in electronic trading on the New York...

GlencoreXstrata selling Peruvian mine to Chinese consortium

April 16, 2014 - 12:44am
A group of Chinese state-owned companies is buying a Peruvian copper mine from GlencoreXstrata Plc for US$5.85 billion, adding to a wave of Chinese resource acquisitions abroad.Glencore, based in Switzerland, said Sunday it signed an agreement to sell...

Create business enviro, says Barnswell

April 14, 2014 - 12:09pm
Scean Barnswell, mayor of May Pen, has urged residents of Rocky Point, Clarendon, to find innovative and creative ways to encourage business in their community.Mayor Barnswell was speaking at the official ceremony to hand over the newly constructed...

Jamaicans loving JPS eStore

April 14, 2014 - 12:09pm
Jamaica Public Service's (JPS) flagship eStore along Ruthven Road has been open for little over a year and has seen bright business.eStore ePro (sales rep) Kaylee Hines told The Gleaner the best-selling product is the eStore...

NHT promotes enterprise among Jamaicans

April 12, 2014 - 10:50pm
Residents in National Housing Trust (NHT) built schemes who have businesses or a business idea are being invited to enter the trust's inaugural Entrepreneurial Challenge.

Council seeks contractor for Falmouth transport centre

April 12, 2014 - 10:50pm
Councillor Garth Wilkinson, chairman of the Trelawny Parish Council and mayor of Falmouth, says the bidding process has started to find a suitable contractor for the construction of a new transportation centre and market zone, which is slated to commence in June.

LIME Jamaica makes big bet on AWS spectrum

April 11, 2014 - 10:45pm
The new 15-year licences and spectrum acquired by the top two mobile phone providers will position both to deploy fourth-generation broadband services at higher speed, but LIME Jamaica has chosen to buy spectrum at a higher frequency.Both companies plan...

Access Financial trying to oust CEO

April 11, 2014 - 10:45pm
A stock market notice on Thursday alerted investors to upheavals at Access Financial Services and efforts to oust the microfinancier's chief executive officer....

Petrojam, Customs haggle over $3b claim for re-exports

April 11, 2014 - 10:45pm
Petrojam Limited says it is still owed more than US$33 million by the Jamaica Customs Agency, for import duties that should have been refunded at re-export of petroleum products manufactured at its Kingston-based...

World Bank pressing for more productive use of remittances - But study acknowledges limits on returns

April 11, 2014 - 10:45pm
Washington, DC: Jamaica and other countries in the region that rely heavily on remittances should encourage households to use some of the money transfers for asset building, particularly through investments in health...

Digicel aims to double ICT business

April 11, 2014 - 10:45pm
Digicel Jamaica has seen a greater than 50 per cent rise in ICT revenues in the financial year just ended, with ICT now making up more than 10 per cent of the company's revenue base, according to its top executive."We see this continuing to increase...

Proven to launch renounceable rights issue

April 11, 2014 - 10:45pm
Chris Williams, president and CEO of Proven Management Limited (PML), said Wednesday that by the end of April Proven Investments Limited will offer current shareholders additional equity in the company under a rights issue...

Time to grow or stop paying lenders - Debt, salaries define Budget

April 11, 2014 - 10:45pm
Last year this time, Finance Minister Peter Phillips was at the receiving end of endless criticism for not getting the IMF deal done, and many in his party and some Cabinet colleagues were...

BCIC weathers the storm

April 11, 2014 - 10:45pm
With higher premium income, flat claims growth year-over-year and foreign exchange gains during the year, British Caribbean Insurance Company Limited (BCIC) grew net profit by 21 per cent in 2013.Net earnings at yearend...

Audi's RS 7 is answer to Porsche, Mercedes

April 11, 2014 - 10:45pm
The 2014 Audi RS 7 checks all the boxes and then some for wealthy car buyers who want a stylish, luxury sedan that looks like a coupe, delivers 500-plus turbocharged V-8 horsepower and comes with a high-brow German pedigree.With a starting retail price...