Barnett Tech Park adds more BPO space, reclaims title

Gleaner on November 21st, 2017 | File Under Business News -

The operators of Barnett Tech Park, which provides space for operators in the business process outsourcing or BPO sector, spent US$10 million this year to construct two buildings spanning 100,000 square feet. It will take the total productive…

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KIW shifts focus to investments - Reassessing market entry strategy

Gleaner on November 21st, 2017 | File Under Business News -

John Jackson, chairman of KIW International, indicated this week that the company’s plan to re-enter the stock market via introduction of its shares on the Jamaica Stock Exchange has been nixed by the authorities.KIW had planned to list its shares…

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Fifteen Starbucks stores in five years

Gleaner on November 21st, 2017 | File Under Business News -

Caribbean Coffee Baristas Limited, led by Ian Dear and Adam Stewart, opened its first Starbucks store in Jamaica on Tuesday and is expected to launch 14 more in five years.Jamaica becomes the American coffee chain’s 76th market.The first cafÈ is…

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ARC expands mesh wire operation - Plans fivefold increase in US exports

Gleaner on November 21st, 2017 | File Under Business News -

ARC Manufact-uring has sunk $200 million into an automated fabric mesh wire plant, and is now looking to quintuple exports to the United States.Chairman Norman Horne says the new plant at Bell Road in Kingston should grow overall sales at the…

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Big Tobacco to run antismoking ads

Gleaner on November 21st, 2017 | File Under Business News -

Decades after they were banned from the airwaves, Big Tobacco companies return to prime-time television this weekend but not by choice.Under court order, the tobacco industry for the first time will be forced to advertise the deadly, addictive…

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Reports: UK preparing to increase ‘Brexit bill’ offer

Gleaner on November 21st, 2017 | File Under Business News -

The United Kingdom is reportedly planning to offer more money to settle its bill with the European Union in a bid to unblock stalled Brexit negotiations but only if the EU agrees to start discussing a future free-trade deal.The size of the bill,…

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China’s former Internet regulator under investigation

Gleaner on November 21st, 2017 | File Under Business News -

China’s former top Internet regulator and censor is being investigated by the ruling Communist Party’s anti-corruption arm, the agency said Tuesday.The party’s anti-graft watchdog agency said in a brief statement on its website that Lu Wei is…

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Fosrich prices junior IPO at $2

Gleaner on November 21st, 2017 | File Under Business News -

Electrical and lighting company FosRich plans to raise $200 million from a share float on the junior arm of the Jamaica Stock Exchange in December.The offer is priced at $2 a share for general public. It’s being brokered by Stocks…

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J’can banks stable but need better oversight - S&P

Gleaner on November 21st, 2017 | File Under Business News -

Jamaican banks are more stable than they were two years ago, but their regulatory oversight is ‘weak’ and ‘reactive’, according to ratings agency Standard…

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AT&T prepares to fight - for Time Warner, citing ‘radical’ US action

Gleaner on November 21st, 2017 | File Under Business News -

Seeing an attempt to block its buyout out of Time Warner as a “radical” departure by the United States government, AT…

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