JAMAICA GLEANER - BUSINESS

  1. Competition review for banking sector

    Jamaica's commercial banking regulations that impact access to financing are to undergo a review, with recommended measures to be adopted by midyear.The terms of reference for the study were developed by a team from the Bank of Jamaica led by...
  2. Ja to package food as tourist attraction

    The Ministry of Tourism wants to raise the profile of Devon House among food enthusiasts, while also creating a series of culinary tours across Jamaica in a bet that the country's gastronomic delights, and its rum, can draw additional business from...
  3. Therapedic makes inroads in hotel market

    Bedding company Therapedic Caribbean has been contracted to outfit the Hilton Rose Hall Hotel in Montego Bay, an arrangement that is expected to run for another two years.The 489-room hotel is locally owned by Sagicor Real Estate X Fund, a member of...
  4. Jamaica's energy diversification gains world attention

    Jamaica improved six spots to 92 worldwide to become a global case study for energy diversification, according to the annual study produced by the World Economic Forum (WEF).Trading partner and oil-producer Trinidad...
  5. Manufacturer: Drones should transmit identifier for security

    The world's largest manufacturer of civilian drones is proposing that the craft continually transmit identification information to help government security agencies and law enforcement figure out which might belong to rogue operators.DJI, a Chinese...
  6. Scottish lawmakers back independence referendum call

    Scottish lawmakers voted yesterday to seek a new referendum on independence, presenting the British government with an unwelcome distraction as it prepares to push the European Union exit button. The Edinburgh-based legislature voted 69-59 to ask...
  7. Biggest EU group warns Brexit timetable too tight

    The European Parliament's biggest group says it will not be possible to negotiate Britain's divorce proceedings and a new relationship at the same time, and warns that the two-year negotiation time frame will be too short to have a full Brexit...
  8. North Korean airline starts new route to China

    North Korea's national airline has started a new flight service to Dandong in China, bringing the total of its regularly scheduled international destinations to five.The first Air Koryo flight for the new service, a 73-seat Antonov AN148 carrying a...
  9. AA buys stake in China Southern Airlines

    American Airlines has agreed to pay US$200 million for a stake in China Southern Airlines, the biggest of China's three major state-owned carriers, in a bid for a bigger share of the country's growing travel market.American and China Southern will...
  10. Aramco tax rate cut to 50% ahead of IPO

    The new code, rolled out by royal decree from King Salman, taxes Aramco at 50 per cent on income retroactively, starting January 1.Aramco CEO Amin Nasser thanked the king in a statement for the decree reducing the company's tax rate from what he...
  11. TripAdvisor ranks Jamaica among world's best destinations

    TripAdvisor Travelers’ Choice, among the world’s largest travel site, has ranked Jamaica number 12 on the World’s Best Destinations list. It has been ranked number one in the Caribbean. It ranked Jamaica among destinations such as...
  12. Caymanas Golf and Country Club sold

    The Urban Development Corporation (UDC) has divested the Caymanas Golf and Country Club to a group of investors, according to well-placed sources, who said the staff there were advised of the deal last week.Gleaner Business understands that the new...
  13. Culinary trail for coffee country

    A weekend jaunt into the foothills of the Blue Mountains by hiking or off-roading enthusiasts, coffee aficionado and gourmands who like food served in nature's cradle is a well-known pastime of Kingston's adventure seekers.They don't see a lot of...
  14. Barita reaps from diversification

    A shift from repos to fee-based services has generated solid income for Barita Investments Limited, but adjustments to support services and products as the realignments occur have also led to big expenses.The upshot is that while Barita made net...
  15. Floored by broker fee

    QUESTION: I renewed one of my two motor policies recently. It, like the other policy, was placed by an insurance broker with an insurance company. I was most surprised to find out that the broker had charged a service fee of $5,000 to handle my...
  16. Oran Hall | Small investors can buy stocks

    QUESTION: Is there a minimum amount of money required to open an account at the brokers or to buy stock?LouisFINANCIAL ADVISER: The small sums required to open investment accounts or buy stocks and some other investment instruments convey a clear...
  17. Francis Wade | Managing employee boredom

      ADVISORY COLUMN: PRODUCTIVITY To managers and older colleagues, new, millennial employees seem to be permanently stuck in a state of disinterest. Afflicted with short attention spans they appear to be unable to summon the drive and...
  18. What would you do with a cash windfall?

    A friend was relating an experience he had at the University of the West Indies (UWI), Mona, the week of March 13, 2017. It speaks to young people and their career prospects.He overheard a group of female students talking. They were talking about...
  19. The changing face of Caribbean rum

    In a few weeks' time, the European Union's (EU) long running programme to support the development of the Caribbean rum industry will come to an end.It has been one of the most successful private sector related undertakings ever to be supported by...
  20. More big brands pull ads from YouTube in widening boycott

    An advertising boycott of YouTube is broadening, a sign that big-spending companies doubt Google's ability to prevent marketing campaigns from appearing alongside repugnant videos.PepsiCo, Wal-Mart Stores and Starbucks on Friday confirmed that they...