Alibaba CEO backs regulating Internet firms

Gleaner on November 24th, 2020 | File Under Business News -

The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market début of its former financial services arm was suspended following criticism of them by billionaire…

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Countdown to Christmas - Businesses look to close revenue gap in busy season

Gleaner on November 22nd, 2020 | File Under Business News -

With people and traffic movement on the rise again, businesses are seeing signs that the peak commercial season will allow them to erase some of their pandemic-induced losses, and the countdown to Christmas is on. For some shopping areas, yuletide…

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Jamaica coffee commanding smaller share of Japanese market

Gleaner on November 22nd, 2020 | File Under Business News -

Jamaica hopes to keep its luxury coffee exports to Japan on par with previous years, but the latest data shows its losing ground to coffee imports from richer non-coffee producing nations. Jamaica exports most of its coffee to Japan, the world’s…

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Yaneek Page | A key lesson on business reset

Gleaner on November 22nd, 2020 | File Under Business News -

As we bring the curtains down on Global Entrepreneurship Week, GEW 2020, it is important to reflect on a lesson in enterprise, which many regard as the true opening act that will set the stage for success and endurance in business through…

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Cedric Stephens | Robust rules needed for insurance complaints

Gleaner on November 22nd, 2020 | File Under Business News -

I owe a big debt to the leaders of the Integrity Commission. They stimulated the ideas on which today’s article is based. What do these folks have to do with the topic that I write about each week? They published a four-column advertisement in last…

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IGL going after export markets as medical oxygen producer

Gleaner on November 22nd, 2020 | File Under Business News -

Industrial Gases Limited, IGL, is sole local producer of medical-grade oxygen distributed to the health sector and food-grade nitrogen distributed mostly to drinks manufacturers or otherwise used in food processing, and continues to dominate the…

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Criminal probe, legal fights await Trump after White House

Gleaner on November 22nd, 2020 | File Under Business News -

A few miles south of the namesake tower where Donald Trump began his run for president, New York prosecutors are grinding away at an investigation into his business dealings that could shadow him long after he leaves office in January. The probe…

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Edoardo Campanella | The revenge of the precariat

Gleaner on November 22nd, 2020 | File Under Business News -

Before the COVID-19 pandemic, the role of low-skilled labour in the economy was assumed to be in decline. In digitally disrupted labour markets, where fancy STEM professions – science, technology, engineering, mathematics – enjoy pride of place,…

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BOJ projects 3% growth in post-COVID rebound

Gleaner on November 20th, 2020 | File Under Business News -

Bank of Jamaica, BOJ, is projecting growth of three per cent for Jamaica by March 2022, but notes the rebound could be nearly three times that estimate. “The bank projects a partial rebound of about 3.0 per cent growth will commence in financial…

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PIOJ: Job recovery forecast at four times the pace of last crisis - Economy contracts by another 11% in Q3

Gleaner on November 20th, 2020 | File Under Business News -

Job losses arising from the COVID-19 fallout are worse than the previous crisis in 2008, but recovery should happen four times as fast, according to Planning Institute of Jamaica, PIOJ, Director General Dr Wayne Henry. That’s due to the improved…

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