The ongoing Supreme Court case relating to stock market pioneer Rita Humphries-Lewin will not impede the reorganisation of Cornerstone and its affiliated companies into a single financial group, says interim CEO of Barita Investments Limited and...
Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the...
A more diversified Pan Jamaica Group Limited grew its earnings by one-fifth in the June quarter, due to its absorption of the food and logistics operations of Jamaica Producers Group. Shareholder profit rose to $1.08 billion in the quarter, or 80...
Ecuadoreans voted against drilling for oil in a protected area of the Amazon, an important decision that will require the state oil company, Petroecuador, to end its operations in a region that’s home to isolated tribes and is a hotspot of...
A new chief executive has been found for Caribbean Assurance Brokers Limited, but the candidate won’t take up the position until January. Executive Chairman Raymond Walker, who has been holding down the fort since the resignation of former CEO...
Seven years after partnering on the mobile money wallet branded as NCB Quisk, the National Commercial Bank Jamaica says it is discontinuing its use effective September 30. Its decision comes just ahead of the expiration of its current contract with...
Jamaica Producers Group booked one-off profit of $11.4 billion for the June quarter, nearly all of which was due to the gain it made from the sale of its subsidiaries to Pan Jamaica Group. The near century-old company, which was once a banana...
Global food security is already under threat since Russia halted an agreement allowing Ukraine to export wheat and the El Nino weather phenomenon, which is hampering rice production. Now, rice prices are soaring – Vietnam’s rice export prices, for...
At the end of World War II, the United States accounted for more than half the world’s economic output and gold reserves. The United Kingdom was effectively bankrupt, with the remnants of the sterling area bound together by capital and trade...
The amount of Jam-Dex digital currency in circulation remains static at $257 million, due to what Bank of Jamaica Governor Richard Byles says is the slow rollout of mobile wallets by commercial banks. But large merchants also need to make...
In the face of a tight labour market, the Bank of Jamaica, BOJ, is wary of the potential effect on prices. Specifically, BOJ Governor Richard Byles is hoping that companies won’t resort to large wage increases, saying it would put upward pressure...
The coral reef off southeast Florida in the United States is experiencing an unprecedented and potentially deadly level of bleaching this summer because of rising ocean temperatures caused by climate change, federal scientists said last Thursday....
Shares in technology company iCreate Limited cannot be traded at this time. This as the Jamaica Stock Exchange (JSE) has taken the decision to immediately suspend trading in the company pending the submission of its 2022 audited financial...
Child welfare advocates filed a federal lawsuit in the United States last Tuesday asking a judge to force the Biden administration to block imports of cocoa harvested by children in West Africa that can end up in America’s most popular chocolate...
American Airlines is suing a travel website that sells tickets that let people save money by exploiting a quirk in airline pricing. American sued Skiplagged Inc in federal court in Fort Worth, Texas, last week, accusing the website of deception. It...
Justice David Batts has approved the sale of Mystic Mountain Limited, MML, operator of an adventure park in Ocho Rios that went bankrupt. It paves the way for the secured creditor, Sky High Holdings Limited, and potentially unsecured creditors, to...
“I am happy to say that today, as the executive chairman, I have my hands firmly on the wheel. Therefore, what it means, the buck stops here. I’m 100 per cent responsible as the executive chairman for the direction, the fate, and the outcomes of...
A dividend is the portion of the profits of a company that is paid to the shareholders. The dividend may be paid from the profit of the current year or from profits accumulated from previous years, which makes it possible for a company to pay...
You are a local HR professional who yearns to have the same career prospects as your colleagues in finance. Why? They can see a clear growth path: from accounting analyst, to manager, to director, to CFO, to CEO. But the same isn’t true for you....
Jamaican stocks sank to new depths last week, pushing the market beyond its lowest point during the height of the coronavirus pandemic. It’s the second time it’s done so since this year. Investors are shifting funds towards fixed-income investments...
The value of limestone exports has been on the decline in recent years, but state marketing agency Jampro sees a path to a turnaround that rests on enticing investors to manufacture intermediate products from the mineral-rich aggregate. Jamaica...
The Supreme Court today granted approval for the sale of the business and assets of bankrupt Mystic Mountain Limited, a major tourist attraction in Ocho Rios, St Ann. Karibukai Limited is the owner and operator of Mystic Mountain. Northjam Island...
The Jamaica Stock Exchange (JSE) Combined Index closed the week marginally down on Friday. The slow trading ended with an advance/decline ratio of 41/48. The JSE Combined Index declined by 414.94 points or 0.12 per cent, to close at 334,232.98. The...
The Planning Institute of Jamaica, PIOJ, has reduced by one percentage point the upper end of growth projections for gross domestic product, the measure for economic output, for this fiscal year ending March 2024. It comes despite industry recovery...
China’s yuan dipped briefly to a 16-year low against the dollar on Thursday, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump. The Chinese currency slid to CN¥7.32...
