Business

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S. Korea prosecutors seek arrest of Samsung heir

South Korean prosecutors on Monday sought the arrest of the heir to the Samsung empire over a scandal that has seen the country’s president impeached, in the latest setback for the giant conglomerate. Samsung, the world’s largest smartphone maker, is already reeling from the international debacle over its Galaxy Note 7, which was recalled after […]

JCPenny Store

JC Penney gears up for closures as department stores sales continue to deteriorate

It’s starting to look like J.C. Penney (JCP) will be the next department store chain to put its physical footprint under the shrink ray. Just one week after Macy’s (NYSE:M) and Sears (SHLD) detailed the upcoming closures of a combined 218 stores , Cowen and Company analyst Oliver Chen said that Penney’s could ultimately chop […]

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Auditor General uncovers high level of non-performing loans at JMB

A performance audit of Jamaica Mortgage Bank (JMB) conducted by the Auditor General’s Department has found that during the financial years 2010 to 2016 the bank carried a non-performing loan (NPL) portfolio that averaged 68 per cent of its total loans. Auditor General Pamela Monroe Ellis noted in a report tabled in the House of […]

Jamaican Business

Jamaica Projected To Grow Faster Than Latin America In 2017

Jamaica will grow its economy at a faster rate in 2017 than the wider Latin American and Caribbean region – LAC – as a whole, according to projections in a new World Bank report released on Tuesday. The local economy should see growth of 2 per cent in 2017 compared to 1.2 per cent for […]

dormant bank accounts

National Security Budget Increased By $2.7B Not $5B, Says Shaw

Minister of Finance and the Public Service, Audley Shaw has dismissed as inaccurate, reports that the supplementary budget for the Ministry of National Security has been increased by upwards of $5.5 billion. He says that the increase in the allocation to the Security Ministry is a natural outcome of the process of reallocating resources from […]

Jamaica Mortgage Bank

Jamaica Mortgage Bank ‘Not As Bad’ As AG Says – GM

General manager of Jamaica Mortgage Bank (JMB) Courtney Wynter is rejecting the findings of the auditor general (AG) that the state bank has a poor credit assessment process. Wynter said via email to the Financial Gleaner that the mortgage bank was “prudent” in its lending practices. In a report released this week, the auditor general […]

Power Company Wants To Introduce Sea Water A/C System To Jamaica

Jamaican Power Company Wants To Introduce Sea Water A/C System To Jamaica

Jamaican power and conservation solutions company, New Leaf Power said it is desirous of introducing sea water air conditioning technology (SWAC) to Jamaica following a 12-member public and private sector study tour of two alternative energy systems in Canada. This is against the background that in the Caribbean, according to the Caribbean Development Bank (CDB), […]

Glenford Smith | How To Answer The Interview Question: "Tell Me About Yourself"

Glenford Smith | How To Answer The Interview Question: “Tell Me About Yourself

The most innocuous job interview question that may seem like an interviewer wants to settle you down and get to know you better is: Tell me about more about yourself. This seems innocent enough, but you should be careful that you don’t go the way of the unwitting applicant. If a candidate is not prepared […]

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Samsung shows off electric car battery that gives a 310 mile range on a 20 minute charge

Samsung has unveiled a battery that can give electric cars a driving range of up to 500 kilometers (310.7 miles) on a 20 minute charge, promoting technology that could be key to the future of autonomous driving. The South Korean conglomerate’s battery division known as Samsung SDI (Korea Stock Exchange: 640-KR), announced the cell on […]

Justice Centres

Minister Delroy Chuck setting up Justice Centres in Each Parish

Justice Centres: the objective is to better enable the JPs to peacefully resolve conflicts outside of the court system and promote harmony in communities. Chuck was speaking with JIS News following a meeting with custodes at his Constant Spring Road office in St Andrew on Thursday. He said the justice centres will also serve as […]

Caricel (1)

Caricel fighting to keep their telecommunications license

The Supreme Court is to rule January 24 on the application from telecoms provider Symbiote Investments Limited seeking to block the Government from taking back the domestic mobile spectrum licence which it issued to the company last September. Final submissions were heard by Justice Leighton Pusey yesterday from lawyers representing the embattled mobile phone company, […]

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Victory for Megyn Kelly

Victory for Megyn Kelly She’s leaving Fox News for NBC News. Whether this is good or bad seems quaintly and spectacularly beside the point. As news spread of Megyn Kelly’s move from her 12-year stint at Fox News to NBC News, what struck me was how eager everyone was to pronounce the change a Good […]