Jamaica Special Economic Zone Authority, JSEZA, is going digital, a shift it expects will cut back on the turnaround time for the issue of licences. JSEZA, the state agency responsible for promoting investments via special economic zones, began...
Private hospital Andrews Memorial Hospital is expanding its bed capacity by two-thirds, a project to be led by new CEO Donmayne Gyles. The expansion plans include a fifth operating theatre, 40 new beds which will grow capacity to 100 beds, a new...
The Housing Microfinance Loan Programme, a facility launched by the National Housing Trust, NHT, back in 2017 in partnership with credit unions to lighten the burden on contributors funding home purchase fees and incidentals upfront, has been...
High-speed internet is no longer a luxury but an “absolute necessity, US President Joe Biden said on Monday said as he pledged that every household in the nation would have access by 2030 using cables made in the United States. “These investments...
The Jamaica Cocoa Farmers Association, JCFA, which represents more than two thousand growers, agro-processors and traders, has written to the agriculture minister demanding a rollback of the cess imposed on cocoa beans bound for export. They also...
Participants at a Paris summit stopped short Friday of a deal to create a tax on greenhouse gas emissions produced from international shipping, leaving climate NGOs and activists lamenting the lack of ambitious responses to fight climate change and...
A few days ago, I read that retired sports legend Usain Bolt was appointed to the board of directors of a company listed on the Jamaica Stock Exchange. It reminded me of when some of my work colleagues and I were named to the board of a JSE-listed...
There are several types of cases in which people earn income that does not come to them in regular, equal or consistent streams. Regardless of the size of such income streams, their effective management is key to how well the income earner fares....
Your company has once again begun to look to the future. It’s shaken off the post-COVID blues and must now position itself in its industry with a fresh strategy. But all of your executives are not convinced that hard choices must be made. How can...
PAC Kingston Airport Limited, the Mexican-owned operator of the Norman Manley International Airport, wants assets valued at over $300 million belonging to Flight Connections Limited removed from the airport grounds despite an ongoing legal battle...
Onions have now climbed to $400 per pound on the local market, doubling the price since April, when farmers were almost giving the crop away. Then they faced competition, diminished markets, and limited storage capacity. Now the traders benefiting...
In April, Alphabet CEO Sundar Pichai predicted that artificial intelligence would have an impact “more profound” than any other human innovation, from fire to electricity. While it is impossible to know precisely what that impact will be, two...
Directors of Stationery and Office Supplies Limited on Wednesday approved a 9:1 stock split of the company’s ordinary shares, aiming to drive up demand and trading of the shares by making them cheaper to acquire. A day after the board decision,...
The rights issue planned by electrical lighting company FosRich has been held up for the three months while the company’s financial advisers try to clear a path for a particular block of owners, who acquired their shares through Stocks...
In the midst of transition, KLE Group is currently a company without core income. But in an in interview with the Financial Gleaner this week, Chairman David Shirley says the company that began as Kingston Live Entertainment Limited is clear-eyed...
Cuba says it is reaffirming its alliance with Russia through a series of agreements considered key for the island nation, including on the supply of oil, the sale of wheat, and the resumption of flights between both countries that were halted by...
In a soft period for private pensions when portfolios declined, fund manager Sagicor Life Jamaica Limited turned out to be one of the big drags on the market’s performance last year. As the largest pension fund manager, the insurance company closed...
The Federal Trade Commission of the United States sued Amazon on Wednesday for what it called a years-long effort to enrol consumers without consent into its Prime program and making it difficult for them to cancel their subscriptions. In a...
Motorists will pay $0.25 less for gas on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $170.20 per litre and a litre of E-10 90 will sell for $173.73. Automotive diesel oil will go up by $0.25 per litre to...
Stocks pulled back Tuesday in their first trading after a five-week rally carried Wall Street to its highest level since the spring of last year. The S...
Charitable giving in the United States declined in 2022 – only the fourth time in four decades that donations did not increase year over year – according to the Giving USA report released Tuesday. Total giving fell 3.4 per cent in 2022 to US$499.3...
Project STAR, a Private Sector Organisation of Jamaica initiative, is aiming to bend the trajectory on major crimes while inducing 6,500 jobs in vulnerable communities. The aim is to curtail crime by 40 per cent in five years, and in so doing...
Robert Almeida, manager of investment fund Portland JSX Limited, thinks that its multimillion-dollar financing of fast-growing online grocer Merqueo might go to nought, following the lapsed initial public offering, which would have provided a way...
As soon as Bridget Mosanya went to get a book from her bag to study, it started to rain. The power immediately went out, as it virtually always does in Nigeria, even if it is barely drizzling. “NEPA has taken light,” the 17-year-old said in her now...
China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies. The moves also are aimed at spurring growth at a time when the...
