INFORM is a multistakeholder forum for developing shared, quantitative analysis relevant to humanitarian crises and disasters. It includes organisations across the multilateral system, including the humanitarian and development sector, donors, and...
The Financial Sector Adjustment Company, better known as Finsac, has sold Ciboney Group to Wiltshire Consulting and Advisory Limited afters years of trying trying to offload its majority stake. The cost of the transaction was not disclosed. However...
GulfRay Americas Manufacturing Limited, a multioccupancy developer who was said to be an integral part of Jamaica’s logistics hub initiative, has shuttered its Spanish Town-based operations and has taken its business out of the country. GulfRay...
In a world beset by rising temperatures, extreme weather patterns, and escalating natural disasters, the urgency of decisive action on climate change and the threat of future pandemics has never been more apparent. Both threats will affect us all....
The Bureau of Standards Jamaica, BSJ, released new draft standards for the US$56-million ($9-billion) rice importation sector following reports of inconsistent grain and moisture content. The national standards body will allow the public to comment...
Halfway into 2023, little on Wall Street has gone according to plan. Earlier this year, many investors thought the United States economy would be falling into a recession by now, the US Federal Reserve would have to start cutting interest rates and...
Showing surprising resilience in the face of higher interest rates, the United States economy grew at a two per cent annual pace from January through March as consumers spent at the fastest pace in nearly two years. Thursday’s revised figure from...
The second-largest electric vehicle fast-charging network in the United States says it will add Tesla’s connector to its charging stations, another step toward adopting Tesla’s plug as the industry standard. Electrify America, with 800 direct-...
The Urban Development Corporation, UDC, is hunting investors to acquire and develop nearly 70 acres of land on the property known as Success Estate as a resort/residential project. The estate falls within Montego Bay’s ‘elegant resort’ belt at Rose...
Electric vehicle and duty-free European imports are being eyed by Key Insurance Company Limited as growth segments in the motor insurance market. Key Chairman Don Wehby said at the company’s annual general meeting on Wednesday that he expected the...
There are currently four scenarios for the global economic outlook. Three of these entail potentially serious risks with far-reaching implications for markets. The most positive is a soft landing, where central banks in the advanced economies...
Other deadlines have come and gone, but the Jamaica Stock Exchange, JSE, is again promising that this year will be the year that short-selling becomes a feature of local stock market investing. The exchange says it is now finalising the rules,...
Cocoa industry players are once again complaining that they are forced to sell their beans to the Jamaican government, currently at less than half the market price, but the commodities regulator has a simple answer: growers should ‘step up’ and go...
Musicians Ana María Torres and María Carla Puga started making bracelets and necklaces at home in Cuba during the pandemic, and they now have a flourishing business. On an island that for decades prohibited private enterprise, they have had an...
Leading global central bankers asserted Wednesday that they are not backing off their steep interest rate increases, pointing to inflation being more persistent than expected but still downplaying fears of recession from their hikes. The clear...
Scammers have tried using the reputation of Kingston Wharves Limited and its managers to solicit funds from car buyers. The wharf, which is the central conduit for auto imports into Jamaica, was made aware of the re-emergence of the scam last week...
Half a century ago, the Bretton Woods system collapsed, and by March 1973 the world’s major currencies had floating exchange rates. Starting in the 1990s – and faster since 2000 – emerging market economies also floated their currencies, hoping to...
Regional security Amalgamated Security Services Limited has acquired a 51 per cent stake in ECHE Limited, a cash management and digital payments company founded by seasoned security professional, Lititia Myers-Gray. The equity deal with Amalgamated...
Family-owned businesses, FOBs, are present in most sectors in Jamaica, including the retail and wholesale, agriculture, entertainment and tourism sectors. The agriculture sector has a high representation of family in business and FOBs, and...
Investments in wind and solar power generation need to grow at least eightfold to hit and surpass the target of 50 per cent renewables, new documents from power utility Jamaica Public Service Company show. “In order to achieve this target, there...
When it comes to flying, going green may cost you more. And it’s going to take a while for the strategy to take off. Sustainability was a hot topic at the Paris Air Show, the world’s largest event for the aviation industry, which faces increasing...
Mexico on Saturday began imposing a 50 per cent tariff on white corn imports, a move, the president says, which aims to boost national production and prevent imports of genetically modified corn. The measure, published late Friday in the Mexican...
Mystic Mountain case delayed to August The hearings in the Mystic Mountain Limited bankruptcy case have been pushed back to August while the presiding judge attends to an unconnected constitutional case, which was set for conflicting dates....
