Business
Michael Lee-Chin broke his silence on recent bond matters on Friday, telling NCB Financial Group shareholders that the asset tax has diverted US$100 million from his investment company that otherwise could have funded debt payment. Lee-Chin traced...
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Hyatt Hotels Corp lowered its 2026 earnings forecast by US$10 million following the extended closure of seven Jamaica all-inclusive resorts damaged by Hurricane Melissa. Executives, however, said the forced downtime would enable comprehensive...
As an executive, you are mystified by the source of corporate failures. How does a well-managed company make bad decisions that run the firm out of business? Do you lack insider information? Or was the system actually designed to generate the wrong...
African Export-Import Bank (Afreximbank) has extended a US$100-million receivables discounting facility to Bahamas Striping Group of Companies (BSGC), marking the Pan-African lender’s deepening engagement in Caribbean infrastructure finance. “This...
Tropical Battery Company Limited expects sales from its merged TRE KAYA renewable division to reach about $500 million annually on the low end over the next two to three years, underscoring the unit’s growing role in the group’s revenue mix. The...
Artificial intelligence (AI) is now embedded in nearly every conversation about the future of customer experience (CX). Across Jamaica’s business process outsourcing (BPO) sector, providers are feeling increasing pressure from client and global...
The Bank of Jamaica, according to a recent report, said “it is waiting on the Ministry of Finance and the Public Service and Cabinet to advance the implementation of the Twin Peaks regulatory framework.” Senior Deputy Governor Dr Wayne Robinson...
Atlantic Hardware and Plumbing Co Ltd (Atlantic) has expanded into...
Manufacturer and distributor Wisynco Group paid $2.45 billion for its 30 per cent stake in Ringtail Holdings, the parent company of spirits distributor Select Brands, its latest financials revealed. The transaction values Ringtail at some $7.5...
Lasco, which manufactures and distributes locally and overseas, has secured $1.7 billion in new loans over 15 months to fund investments, including property acquisition on Red Hills Road. The operations also continue to make gains. “The growth...
The government borrows from the local and international markets to help fund its budget. Individuals and organisations with funds available to lend short term, medium term, and long term are able to earn safe, reliable income. The government is...
Fitch Ratings affirmed Jamaica’s credit rating at BB with a stable outlook, betting the island nation can withstand hurricane damage without derailing its decade-long effort to reduce government debt. “Despite considerable uncertainty regarding...
Christopher Berry, executive chairman of investment bank Mayberry Group, wants the Jamaica Stock Exchange (JSE) to restore public access to detailed shareholder data, arguing that recent restrictions undermine market transparency despite corporate...
Indian pharmaceutical brand Dr Reddy’s Laboratories shipped its first batch of exports from Jamaica to Trinidad...
In every democratic society, at every level of government, almost every dollar spent by the State tells a story. It is a confession. In fact, if you study a country’s procurement records closely enough, you will expose the memoirs of that...
