Main Event Entertainment Group Limited, MEEG, recorded a net loss for its April second quarter, which it blamed on the economic downturn. “As a business closely tied to consumer activity and discretionary spending, MEEG’s performance is inevitably...
Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March. The Fed kept its key rate unchanged for the fourth straight...
Motorists will pay more for gas and diesel on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $3.06 to sell for $159.68 per litre and a litre of E-10 90 will go up by $3.84 to sell for $166.78. Automotive diesel...
Agostini Limited, which trades in pharmaceuticals, consumer products and energy, has made a bid for full acquisition of food service company Prestige Holdings Limited, PHL, via a share swap. “Prestige Holdings is a major part of Caribbean...
A judge in Mali on Monday ordered Barrick Gold’s Loulo-Gounkoto gold complex to be placed under provisional administration for six months in an ongoing dispute between the Canadian mining company and the West African nation’s military government...
US President Donald Trump and British Prime Minister Keir Starmer said on Monday that they had signed a trade deal that will slash tariffs on United Kingdom auto and aerospace industry imports — but they are still discussing how to handle steel...
Earlier this month, after completing his stint as a ‘special government employee’, Elon Musk wasted no time criticising US President Donald Trump and congressional Republicans’ One Big Beautiful Bill Act. The deficit-heavy spending and tax-cut...
Cargo that should have materialised in April but did not arrive until May impacted sales and profit at Indies Pharma Jamaica Limited. For the second quarter ended April, profit dipped by nine per cent to just under $64 million, while revenue fell...
The Government of Jamaica plans to bolster its cybersecurity defences with the creation of a cyber incident response team and a security operations centre – but first it’s trying to determine the availability of expertise for the job within the...
Food flavours company Caribbean Flavours and Fragrances Limited, CFF, recorded net profit of $35.55 million for the first quarter of 2025, an increase of 185 per cent over the $12.43 million for the corresponding period in 2024. Revenue jumped...
Real estate investment trust Kingston Properties Limited, KPREIT, says its acquisitions in the United Kingdom have been performing slightly better than its holdings in Jamaica and the Cayman Islands and are contributing to the overall positive...
France’s government ordered black partition walls erected around Israeli defence industry exhibits displaying offensive weapons at the Paris Air Show, because of the war in Gaza and rising tensions in the Mideast. Israel’s Defence Ministry demanded...
Although much has changed as many households now rely on dual incomes, the traditional model of fathers being the primary source of household income has not died. But fathers are more than providers. Theirs is the critical role of shaping the...
Meta is making a US$14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark...
QUESTION: What do you think the effect will be, if any, that an influx of deportees will have on the economy? – Reader BUSINESSWISE: What will happen to Jamaica if they all come home? That is a timely and constructive question, which demands our...
Today’s article is a gift to the people of Jamaica – especially to those families that struggle with tragic losses caused by hit-and-run drivers and the thousands of other victims of road accidents who wrestle to get compensation but end up empty-...
VM Investments Limited, VMIL, will be pursuing a more aggressive expansion programme and digital transformation as the two key pillars to drive business, CEO Rez Burchenson has said. VMIL wants to grow the company’s asset-management operations at...
The sale of JN General Insurance Company Limited, JNGI, to British Caribbean Insurance Company Limited and ICD Group Holdings Limited was finalised on June 6, paving the way for its rebranding. Over the next few months, JNGI will be renamed BCIC...
A few years ago, there was an overarching global consensus on trade: the freer, the better. Only nerdy economists spent much time agonising over the details of trade policy, and special interest groups were pretty much alone in advocating...
The truck divisions of Japan’s Toyota and Daimler of Germany have agreed to merge to form “a new strong Japanese truck powerhouse” to work together in vehicle development, procurement and production. Details, including the scope and specifics of...
Nearly one million books published as early as the 15th century — and in 254 languages — are part of a Harvard University collection being released to AI researchers. Also coming soon are troves of old newspapers and government documents held by...
The majority of justices on Brazil’s Supreme Court have agreed to make social media companies liable for illegal postings by their users, in a landmark case for Latin America. Brazil’s top court decided to rule on two different cases to reach an...
Illicit cigarettes now account for roughly one in four cigarettes on the market, which generates earnings of around US$1 million per container shipment for the importers, Carreras has said. “They have a lot of wiggle room for pricing,” said...
Caribbean countries need to digitalise government and banking services to reduce the cost of financing and doing business in the region, says Deputy Managing Director of the International Monetary Fund Dr Nigel Clarke. Noting that the region has...
The Lasco affiliated companies, individually engaged in manufacturing, distribution and financial services, experienced mixed financial results for the year ending March, and have a cautious outlook on the current period. Lasco Manufacturing...
