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  • Customs extends operating hours for peak season

    December 12, 2018 5:51 AM 5

    The Jamaica Customs Agency (JCA) wishes to advise its valued customers and stakeholders that in light of the approaching Christmas holiday season, the entity, in collaboration with its partners, has adjusted its operating hours at the ports of Kingston and Montego Bay, at Public bonded warehouses and Customs House, Kingston. Extended hours for full container

  • Protecting your legacy via estate planning

    December 12, 2018 5:51 AM 4

    ESTATE planning can be daunting, but it is one of the most important aspects of life preparation. It helps you to arrange, manage and dispose of assets during your life. Therefore, when you begin acquiring assets it's necessary for you to decide on the who, what and how. Proper estate planning can save your beneficiaries a great deal of money. Believe

  • VM sets up new Strategic Investments Unit after tough restructure

    December 12, 2018 5:51 AM 4

    A seven-month long restructuring exercise at Victoria Mutual Group has culminated in the development of a Strategic Investments Unit within the financial institution's investment arm, placing even more focus on the execution of potential mergers and acquisitions by the institution in the coming year. Victoria Mutual Group Chief Investment Officer, CEO and Managing

  • Barita considers rights issue

    December 11, 2018 5:13 PM 5

    Barita Investments Limited (BIL) will consider and if thought fit, recommend a rights issue to BIL's ordinary shareholders during a Board of Directors meeting scheduled for Thursday, December 13, 2018. The announcement, which was posted on the Jamaica Stock Exchange, will allow existing shareholders to purchase additional shares in the company at a discounted

  • Difficulties paying back overdue loan with the SLB

    December 9, 2018 5:31 AM 10

    I am writing to you with deep frustration regarding my loan from the Students' Loan Bureau (SLB). I graduated from Caribbean Maritime University (CMU) in 2009. However, due to financial and other circumstances I did not get a job to repay my loan. When I was unable to get a job after graduating, I made contact with the SLB and told them that I did not have a job. I got a minimum

  • Marlboro maker places big bet on marijuana

    December 9, 2018 5:00 AM 5

    One of the world's biggest tobacco companies is diving into the cannabis market with a US$1.8-billion buy-in. Marlboro maker Altria Group Inc is taking a 45 per cent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday. The agreement includes a warrant to acquire additional shares over the next four years that could

  • China's Xi in Panama on mission to bolster clout in Latin America

    December 7, 2018 8:03 AM 7

    PANAMA CITY, Panama (AFP) — China's President Xi Jinping and his Panamanian counterpart Juan Carlos Varela signed a string of cooperation agreements Monday as Beijing aims to extend its political and economic influence in Latin America. Xi arrived in the Central American country late Sunday, fresh from striking a 90-day truce deal in the trade war with US President

  • MBCCI launches member-to-member discount programme

    December 7, 2018 8:03 AM 7

    MONTEGO BAY, St James- The Montego Bay Chamber of Commerce and Industry (MBCCI) officially launched its member-to-member discount card at their Overton Plaza headquarters on Tuesday. Providing an overview of the Membership Discount Programme, director and chair of the MBCCI Gabrielle Lee explained that the participating members provide an agreed discount

  • Altria weighing investment in cannabis company

    December 5, 2018 5:03 AM 14

    Curiosity from one the world's largest tobacco companies about the marijuana business sent shares of a Canadian cannabis company five per cent higher in early trading Tuesday. Cronos Group confirmed talks late Monday with Marlboro maker Altria about a possible investment. Altria Group Inc, based in Richmond, Virginia, owns Philip Morris USA, the largest

  • Puerto Rico completes its first debt restructuring deal

    November 30, 2018 8:41 AM 10

    SAN JUAN, Puerto Rico (AP) — Puerto Rico has completed its first debt-restructuring deal since the government announced it was bankrupt more than three years ago. The agreement was finalised with creditors holding nearly US$4.2 billion in debt issued by the now defunct Government Development Bank. The bank once issued loans and oversaw debt transactions