Stocks Round Up | 29 stocks advance, 40 decline and 13 trade firm

Gleaner on July 14th, 2020 | File Under Business News -

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 29/40. The index moved down  by 3,306.08 points or 0.90 per cent to close at 366,023.21. The JSE Main Market Index declined by 3,207.50 points…

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Stocks Round Up | 29 stocks advance, 40 decline and 13 trade firm

Gleaner on July 14th, 2020 | File Under Business News -

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 29/40. The index moved down  by 3,306.08 points or 0.90 per cent to close at 366,023.21. The JSE Main Market Index declined by 3,207.50 points…

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Report: New players help Maduro evade tanker sanctions

Gleaner on July 14th, 2020 | File Under Business News -

As United States sanctions scare away the world’s largest shippers from Venezuela’s oil industry, new players are willing to brave the heightened risks and help keep leader Nicolás Maduro afloat, according to a new report. In the first year since…

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Brazil asks investment firms to adopt protected Amazon areas

Gleaner on July 12th, 2020 | File Under Business News -

Brazil’s government on Thursday proposed that global asset managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditional use of fire to clear land and brush. Vice President…

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LNG supplier sources cheaper gas to feed Jamaica

Gleaner on July 12th, 2020 | File Under Business News -

New Fortress Energy, the sole natural gas supplier to Jamaica, announced in July that it would buy gas on the open market after terminating a deal to buy more expensive gas contracts, but it is not clear whether it will result in cheaper light…

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Ruthven Towers to hit the market June 2021

Gleaner on July 12th, 2020 | File Under Business News -

Phase one of Ruthven Towers, the residential development that sparked concerns over unit prices that were more expensive than those normally set by the National Housing Trust, NHT, will soon be placed on the market. The NHT subsequently returned to…

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NCB staff prevails in profit-sharing battle

Gleaner on July 12th, 2020 | File Under Business News -

Unless it further appeals and is successful, National Commercial Bank Jamaica, NCB, will have to fork over hundreds of millions to the NCB Staff Association, which has prevailed in a long-running battle over a profit-sharing arrangement. In the…

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Francis Wade | The shock of low standards

Gleaner on July 12th, 2020 | File Under Business News -

ADVISORY COLUMN: PRODUCTIVITY There are a few moments in your employees’ careers when they go into shock. However, it is not because too much is demanded of them – in fact, it is the very opposite. In prior columns, I shared what sometimes…

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Malaysian palm oil giant hit with forced labour allegations

Gleaner on July 12th, 2020 | File Under Business News -

An anti-trafficking organisation has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labour on plantations that supply American food and cosmetics…

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Oran Hall | Understanding the money market

Gleaner on July 12th, 2020 | File Under Business News -

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER The money market is the market for marketable financial instruments with a maturity of up to one year. Some are issued by Government and some by corporations, but in our market, most are government-…

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