JAMAICA GLEANER - BUSINESS

  1. Saudi minister expects extension of oil production cut

    Saudi Arabia's energy minister said on Monday that he does not expect any objections to a nine-month extension to the existing output cut deal between OPEC and non-OPEC members - an agreement that would extend the deal through March 2018.Late last...
  2. JSE regulator denied injunction ... Court defers to IDT hearings

    The Supreme Court has refused to grant an injunction barring the Jamaica Stock Exchange Limited (JSE) from convening a disciplinary hearing against its chief regulatory officer, Wentworth Graham, pending the outcome of proceedings at the Industrial...
  3. Ja's primary surplus overperforms by $12.8b

    Jamaica's primary balance for fiscal year ended March 2017 has over-performed by $12.8 billion to come in just shy of $140 billion, the Economic Programme Oversight Committee (EPOC) reported on Friday.That represents about 7.7 per cent of gross...
  4. Oran Hall | NHT loan for house under construction

    Q: I am interested in an NHT loan, but I have already started the building and would like to do an expansion on my house. Please advise.ShenaA: If you are a contributor to the National Housing Trust (NHT), and have never received a benefit from it,...
  5. Cedric Stephens | Prosecution the best remedy in some motor accidents

    QUESTION: On March 3, 2016, I was driving my Toyota RAV4 along the Mavis Bank Road and stopped to pick up a passenger. After driving off, I saw a yellow Toyota Hiace truck ahead of me. It started to reverse and so I stopped and blew the horn to...
  6. Francis Wade | Why leaders need to develop productive superpowers

    In a recent speech, Inter-American Development Bank official Therese Turner-Jones understated that "firms in Jamaica are not particularly efficient" that and "private sector workers are as inefficient as the Government".As a business leader, this is...
  7. David Jessop | Jamaica-DR accord should give pause for thought in CARICOM

    A few days ago, the prime minister of Jamaica, Andrew Holness, and the president of the Dominican Republic, Danilo Medina, agreed to work towards a closer relationship.Beyond the widely reported desire of both nations to increase trade and...
  8. Putin pledges food for Venezuela

    Russia is pledging to send several thousand tons of wheat to Venezuela on a monthly basis, potentially helping alleviate the troubled South American country's food crisis and further tightening relations between the long-time allies.In a telephone...
  9. What Twitter's privacy changes mean for you

    Twitter's new privacy policy suggests ambitions of becoming more like Facebook - more tracking of users and more targeting of ads to rake in more money.Twitter recently reported its first quarterly revenue decline since going public. That should...
  10. Uber threatens to fire key exec in self-driving car dispute

    Uber is threatening to fire a key executive accused of stealing self-driving car technology from a Google spin-off unless he waives his constitutional right against self-incrimination so the ride-hailing service can comply with a court order.The...
  11. Trade Winds diversifies into dairy - New milk products, cattle farm to be rolled out

    Trade Winds Citrus Limited (TWC) will show off a new production line at the end of the month, a new investment that marks the company's entry into the manufacture of dairy products...
  12. KPREIT eyes bargains in US cities

    Kingston Properties Limited (KPREIT), which earns from commercial and residential real estate investments, is now eyeing Michigan, Georgia, and Texas for further incursions into...
  13. Businesses not overly uneasy about dollar at $130

    The Jamaican dollar hit another psychological mark at $130 to the United States currency a week ago, but there does not appear to be any heightened concern...
  14. TEF, CHASE, Civil Aviation revenue bound for Consolidated Fund

    The decision to divert revenues from the Tourism Enhancement Fund (TEF) into the government's main account is part of a new structural...
  15. Everald Dewar | Taxation and directorships

    For taxation, most directors are office holders. An office holder and an employee are one and the same thing. Notwithstanding, the office and duties of a director are distinct from those imposed upon a person under a contract of service, that is, employment...
  16. Walter Molano | Colombia: Steady course despite strong headwinds

    Like many of its emerging markets peers, Colombia is fighting strong headwinds.The collapse of oil prices was a heavy blow. Although it represented only three per cent of GDP, in 2013 it accounted for...
  17. Record year expected for US passport applications

    The US State Department expects 20.5 million applications for new and renewed passports this year, and that will be a record number.The busy year is no surprise. Adult United States passports must be...
  18. Brazil crisis deepens with probe of president, top senator

    Brazil's political crisis deepened sharply on Thursday with corruption allegations that threatened to topple the president, undermine reforms aimed at pulling the economy from recession and...
  19. Talks on airplane laptop ban end with no ban

    Talks on a proposed United States ban on laptops and tablets in flights from Europe ended Wednesday with no ban - and a promise of more talks and better intelligence sharing.For days now, European Union...
  20. Anheuser-Busch boosts spending

    Anheuser-Busch is upgrading its United States breweries and plans to build two new distribution centres as it adapts to an increasingly fragmented beer market.The maker of Budweiser, Bud Light and Stella Artois says...