The Guyana government on Tuesday launched the first-ever crop insurance programme for rice farmers, with President Irfaan Ali saying that it will provide free coverage for 6,000 rice farmers across Guyana, particularly those most vulnerable to the...
Caribbean Assurance Brokers Limited registered net profit of $6.4 million for the first six months of 2025, marking a sharp turnaround from the prior year’s losses. Describing 2024 as a tough year for the insurance brokerage, in which it racked up...
The Hershey Company and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice. Hershey, the maker of Reese’s, Whoppers, barkThins and other chocolate candies, said on Wednesday that it will be...
More than 200 local companies are in various stages of preparation for listing on the proposed micro market of the Jamaica Stock Exchange. It will facilitate the raising of $10 million to $49.9 million in equity capital for micro companies that are...
Telecommunication services provider Digicel Group plans to raise US$2.9 billion, most of which is aimed at refinancing existing debt. Rating agency Fitch assigned a ‘B’ rating and a recovery rating of ‘RR4’. Fitch ranks recovery ratings in five...
Faced with declining net asset values, QWI Investments Limited is looking to boost its prospects through portfolio expansion and further risk diversification. The company is 46 per cent owned by Jamaican Teas Limited, which basically curates its...
The United Nations’ top court, in a landmark advisory opinion on Wednesday, said countries could be in violation of international law if they fail to take measures to protect the planet from climate change, and nations harmed by its effects could...
American automakers are concerned about US President Donald Trump’s agreement to tariff Japanese vehicles at 15 per cent, saying they will face steeper import taxes on steel, aluminium and parts than their competitors. “We need to review all the...
The Economic Commission for Latin America and the Caribbean, ECLAC, says flows of FDI or foreign direct investments to Latin America and the Caribbean totalled US188.962 billion last year. The figure represents a 7.1 per cent increase over the...
The largest shareholder in Innovative Energy Group Limited, IEG, will start selling down shares over the next six months, starting in August, to restore compliance with Jamaica Stock Exchange rules governing public ownership of a listed company. “...
Unpredictable weather patterns may affect agricultural output in Jamaica for the rest of the year, even as farmers seek to grow varieties of crops that are more resilient to extreme weather events. President of the Jamaica Agricultural Society Owen...
Derillion Energy Jamaica Limited is constructing a 50-megawatt floating solar facility at the Mona Reservoir that will supply power to the National Water Commission, NWC, and the national electricity grid operated by Jamaica Public Service Company...
Jamaica’s remittances continue to rise despite uncertainty in key source markets, the latest data from the Bank of Jamaica show. The flows so far this year have topped US$1 billion. “We’re seeing growth from both the US and UK markets,” said...
At a time when political instability dominates the MENA region, which encompasses the Middle East and North Africa, climate change, floods, and fires tend to get less attention than usual. And the problems of desertification and droughts almost...
A county’s diaspora plays an important role in forming a bridge between home and host countries. The traditional role of diasporas is multifaceted, including being economic contributors, as advocates for different issues and cultural ambassadors....
As cryptocurrencies become more intertwined with the traditional financial system, industry heavyweights are racing for a long-sought goal of turning real-world assets into digital tokens. “Tokenisation is going to open the door to a massive...
Darren Walker’s post-Ford Foundation future is starting to take shape, as the outgoing president is now set to join The Obama Foundation’s board of directors. The Obama Foundation, the Chicago-based non-profit of former President Barack Obama and...
Three months after US President Donald Trump announced plans to impose sweeping new tariffs on most countries, the United States’ economy appears surprisingly resilient. The stock market has rebounded from its initial slump, inflation remains under...
ADVISORY COLUMN: WORKPLACE PRODUCTIVITY As a leader, you must find ways to communicate a new strategic plan to employees, the board and other stakeholders. But should you send the usual long, dry report? Can AI transform this high-stakes chore?...
United States Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of two of its buildings is in compliance with plans approved by a local commission, disputing a White House suggestion that they may have violated the law by...
A coalition of funders, including the Gates Foundation and Ballmer Group, will spend US$1 billion over 15 years to help develop artificial intelligence tools for public defenders, parole officers, social workers and others who help Americans in...
Chevron has scored a critical ruling in Paris that has given it the go-ahead for a US$53-billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly...
Buttressed by a near one-third growth at the bottom line, toll road operator TransJamaican Highway Limited is looking to technological upgrades to drive efficiency and deliver even more profit. It’s aiming for 80 per cent usage of its T-tags, for...
QUESTION: I was encouraged to purchase a few stocks, but I have no clue of the financial market. Hence, I am seeking your assistance. – Noel FINANCIAL ADVISER: Although it is a good idea to participate in the financial market, which includes...
Risks and insurance were part of the national conversation last week. Prime Minister of Barbados Mia Mottley provided the geopolitical context. She spoke about the Caribbean’s dependence on foreign nations for vital information gathered and...
