Keystone pipeline resumes pumping after oil leak

Gleaner on November 12th, 2019 | File Under Business News -

Canadian crude oil is once again moving through a pipeline nearly two weeks after the line leaked an estimated 383,000 gallons (1.4 million litres) of oil in North Dakota. Calgary, Alberta-based TC Energy, formerly known as TransCanada, said in a…

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NCBIC aims to dominate pension market in five years

Gleaner on November 10th, 2019 | File Under Business News -

NCB Insurance Company, NCBIC, is laying claim to being the oldest continuing pension fund in Jamaica, but they fall second behind the top fund manager Sagicor Life in terms of market dominance. The private pension market is valued above $600…

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NCB profit tops $30b - Jamaican bank announces plans to grow further in the region

Gleaner on November 10th, 2019 | File Under Business News -

Jamaica’s top banking conglomerate, NCB Financial Group, plans to enter into new markets as part of its five-year growth aspirations. The bank, which has been growing through acquisition, racked up another year of record profit for the fiscal…

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David Jessop | Time to transform the CSME and Caricom

Gleaner on November 10th, 2019 | File Under Business News -

In the past few days, Barbados Prime Minister Mia Mottley has reiterated her belief that to progress, the region must make the Caribbean Single Market and Economy, the CSME, fit for purpose. Ms Mottley suggested that if the region is not to be…

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Cedric Stephens | The rules of client engagement

Gleaner on November 10th, 2019 | File Under Business News -

QUESTION: I submitted a claim to my motor insurer three months ago. Since then, I have tried many times to contact them by telephone and email to find out when payment will be made. Those attempts ended in failure. On one occasion a few weeks ago…

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Yaneek Page | Viability of a nanny service in Jamaica

Gleaner on November 10th, 2019 | File Under Business News -

QUESTION: I am a 43-year-old single mother and a university graduate who, for years, has searched for a business idea and finally came up with one when my son was ill. I always look forward to reading your articles and I appreciate the insightful…

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Oran Hall | Treatment of NHT lump sum payments

Gleaner on November 10th, 2019 | File Under Business News -

QUESTION: I prepaid on my NHT loan for several months and noticed that my loan amount was actually increasing instead of decreasing. I am not in arrears. When I investigated, I was told that because there was no activity (payment) in the account…

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Public bodies to pilot test preferential procurement system

Gleaner on November 10th, 2019 | File Under Business News -

The new procurement regime that is meant to give Jamaican suppliers a better fighting chance at winning public contracts will be put to the test, starting this week. The Public Procurement (Domestic Margin of Preference) Order, a system designed to…

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Honda cuts profit outlook as sales slip

Gleaner on November 10th, 2019 | File Under Business News -

Honda has become the latest automaker to report weaker earnings as global demand softens. The company said Friday that its profit in the July-September fell 6.7 per cent from a year earlier to ¥196.5 billion (US$1.8 billion) as vehicle and…

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Juul halts sales of top-selling e-cigarette flavour

Gleaner on November 10th, 2019 | File Under Business News -

Juul Labs said Thursday it will halt sales of its bestselling, mint-flavoured electronic cigarettes as it struggles to survive a nationwide backlash against vaping. The voluntary step comes days after new government research showed that Juul is the…

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