WASHINGTON: UNITED STATES (US) President Joe Biden signed an executive order yesterday and created a federal rule aimed at better securing the nation’s ports from potential cyberattacks. The administration is outlining a set of cybersecurity...
The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by an estimated 1.9 per cent during the October to December 2023 quarter, compared with the corresponding period in 2022. Speaking during the PIOJ's quarterly briefing...
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $0.33 to sell for $166.37 per litre and a litre of E-10 90 will go down by $0.33 to...
The following content is created and paid for by General Accident Insurance Company. In the fast-paced world of today, where every turn of the wheel is accompanied by uncertainties, securing the right motor insurance is paramount...
Published:Wednesday | February 21, 2024 | 12:12 AM
BANGKOK (AP): CHINA’S CENTRAL bank announced yesterday that it cut its five-year loan prime rate (LPR), while leaving its one-year rate unchanged, in the latest move to ease pressures on the ailing property market. The five-year rate was lowered by...
The National Commercial Bank (NCB) Staff Association has triumphed in Jamaica’s final appellate court, the Privy Council. This comes as NCB lost its appeal in a long-running legal fight with workers seeking their share from the financial giant’s...
Published:Wednesday | February 21, 2024 | 12:10 AM
LOCAL, REGIONAL and international experts and stakeholders from the business community as well as legislators will gather for the inaugural Elevate Procurement Conference scheduled to run from Friday to Sunday at the Montego Bay Convention Centre....
Published:Wednesday | February 21, 2024 | 12:10 AM
Sygnus Capital Limited, a Caribbean leader in alternative investments, served as lead arranger for Tropical Battery’s recent strategic acquisition of Rose Electronics Distributing Company (Rose Batteries), based in San Jose, California. Sygnus...
Published:Wednesday | February 21, 2024 | 12:10 AM
BELMOPAN, Belize: THE NATIONAL Trade Union Congress of Belize (NTUCB) says it will boycott all further consultations with the International Monetary Fund (IMF), saying it had taken the decision to protest being treated as a ”checkbox” by the...
Published:Wednesday | February 21, 2024 | 12:10 AM
BRIDGETOWN, Barbados: THE BARBADOS-based Caribbean Development Bank (CDB) yesterday predicted that the average growth rate for the region will be 8.6 per cent this year. However, Ian Durant, the bank’s director of economics, in a review of the...
Published:Wednesday | February 21, 2024 | 12:09 AM
NEW YORK: ABOUT 40 per cent of small business owners think 2024 will be a “make or break” year for their business, according to a survey by messaging service Slack. After several years of dealing with the pandemic, rising inflation and a tight job...
Published:Wednesday | February 21, 2024 | 12:09 AM
DALLAS: AMERICAN AIRLINE is raising the cost of checking bags and it is making other changes to push customers to buy tickets directly from the airline if they want to earn frequent-flyer points. The airline said yesterday that checking a bag on a...
MPC CARIBBEAN Clean Energy made US$1.6 million in net income for its December full year, despite weather messing with its power generation. Its energy production underperformed its forecast by about 5.0 per cent. That was still enough to make...
PERSONS BASED overseas sent US$3.13 billion in remittances to Jamaicans in 2023, which equated to a 2.0 per cent fall, or the largest slide in at least a decade, according to Bank of Jamaica (BOJ) data. The decline comes within the wider growth in...
THE APPLICATION management and data automation (AMANDA) system, the management process for planning and development projects in municipalities and associate agencies -- including the National Environment and Planning Agency (NEPA) -- is bedevilled...
If you are battling a video game goblin who speaks with a Cockney accent, or asking a gruff Scottish blacksmith to forge a virtual sword, you might be hearing the voice of actor Andy Magee. Except it’s not quite Magee’s voice. It’s a synthetic...
WEST INDIES Indies Home Construction Limited (WIHCON) is building a new gated community in Westchester, Portmore, St Catherine named Chester Creek. It is to be composed of four phases of residential and commercial properties on 23 acres of land....
GENEVA: THE HEAD of the World Trade Organization (WTO) insisted on Friday that it remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump – who as United States (US) president bypassed WTO rules by slapping...
WASHINGTON: A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. The University of Michigan’s...
FINANCIAL CONGLOMERATE JMMB Group benefitted from a double windfall that resulted in the rocketing of its profit and capital. JMMB made profit of $15.1 billion for its December 2023 third-quarter, or 278 per cent more than the $4 billion it made a...
MAJOR TECHNOLOGY companies signed a pact Friday to voluntarily adopt “reasonable precautions” to prevent artificial intelligence tools from being used to disrupt democratic elections around the world. Tech executives from Adobe, Amazon, Google, IBM...
The Companies Office of Jamaica (COJ) has withdrawn its recent request for public tender for the services of a consultant to assist in setting up and operating an offshore business registry. It formed part of Jamaica’s International Financial...
The Bank of Jamaica (BOJ), now the ultimate and de facto deposit-taking institution (DTI) and non-deposit-taking institution (non-DTI) regulator, will have ‘to get in the weeds’ if it is to fulfil its mission to eventually formulate standards and...
YOUR COMPANY, like most others, has a vision or purpose statement. The initial idea was to bring inspiration, but, recently, there appears to be a decrease in excitement surrounding it. What interventions can you make to ensure your staff works...
Today’s article is inspired by feedback from a reader. Their concern is stated below. “I read your article that was published in the Sunday Gleaner on February 11, 2024 – ‘Retirement scheme another path to a pension’ – and I am grateful that I...
