Stock Round Up | 49 stocks advance, 25 decline and 6 trade firm

Gleaner on March 27th, 2020 | File Under Business News -

The Jamaica Stock Exchange (JSE) Combined Index ended the week up on Friday with an advance/decline ratio of 49/25 The index advanced 9,372.72 points or 2.72 per cent to close at 354,007.88. The JSE Main Market Index gained 9,599.14 points or 2.74…

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Guest houses look to stranded visitors for business

Gleaner on March 27th, 2020 | File Under Business News -

GUEST HOUSE operator Shelly-Ann Johnson is looking to stranded visitors to fill rooms that are being emptied by travel restrictions to stem the spread of the coronavirus. “We want to be a beacon of hope for travellers currently in the island,”…

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BOJ takes pre-emptive measures to keep financial system humming - Expects economy to contract 3%, led by tourism fallout

Gleaner on March 27th, 2020 | File Under Business News -

T he Bank of Jamaica, BOJ, is taking pre-emptive measures to maintain liquidity in the Jamaican market, and keep the system humming, amid expectations that the economy will contract by about three per cent over the next year. So far, the central…

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My Old Man Leathercraft, homage to a ‘master’ crafter

Gleaner on March 27th, 2020 | File Under Business News -

THEY BOTH work full-time jobs, but Zeelah and Marvine Davis are deeply committed to their baby – a business making and selling genuine leather products. Zeelah, an information technology systems infrastructure manager with a major distribution…

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Playa Resorts downgraded

Gleaner on March 27th, 2020 | File Under Business News -

RATINGS AGENCY Moody’s downgraded the corporate rating of hotel operator Playa Resorts, and revised its outlook from stable to negative. Playa, which is part-owned by Sagicor Group Jamaica, operates hotels in Jamaica, Mexico, and the Dominican…

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J’can court clears path for Panama company lawsuit against Free Form

Gleaner on March 27th, 2020 | File Under Business News -

THE SUPREME Court has ruled that the lawsuit brought by a Panamanian company to recover commercial debt can proceed in the local court, having rejected a challenge to the case that spun on the omission of a suffix from the claimant’s name….

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Justine Collins | Impact of the coronavirus pandemic on commercial contracts

Gleaner on March 27th, 2020 | File Under Business News -

OP-ED CONTRIBUTION: COVID…

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Virus could cut lottery jackpots

Gleaner on March 27th, 2020 | File Under Business News -

HOPING TO escape all the coronavirus-caused economic uncertainty by winning a giant lottery jackpot? Think again. Those jackpots are going to shrink as the pandemic tamps down lottery sales. The group that oversees the Powerball game announced…

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Auto companies seek to restart factories

Gleaner on March 27th, 2020 | File Under Business News -

F ORD, FIAT Chrysler, Honda, and Toyota took steps Thursday to restart North American factories that have been closed to protect workers from the coronavirus pandemic. The plants would reopen in early or mid-April, restoring the largest source of…

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Smartphone location data being eyed to stem virus spread

Gleaner on March 27th, 2020 | File Under Business News -

SEVERAL EUROPEAN nations are evaluating powerful but potentially intrusive tools for fighting the coronavirus pandemic, a move that could put public health at odds with individual privacy. The tools in question are apps that would use real-time…

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