Port operator Kingston Wharves Limited plans to increase its yard space by 25 per cent over the next 18 months to handle one million containers. It is part of the ongoing US$60-million investment in the terminal and logistics operations at the port...
The European Central Bank pressed ahead with another interest rate hike Thursday, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations even after the US Federal Reserve took a break from its own...
The global food system is broken. Largely dominated by multinational corporations, it enables and encourages unsustainable and unhealthy production and consumption patterns and generates enormous waste across all stages of production and...
Lasco Financial Services Limited, LasFin, reported a 30 per cent dip in earnings for year ending March 2023, largely due to a reset in the remittance market from COVID-19 highs, the company said. The company, which is in the business of money...
Businessman Steve Dunn has secured permit from the National Environment and Planning Agency, NEPA, to construct a 10-storey building on Derrymore Road in Kingston. Dunn received approval in April for a mixed-use development to be constructed on 1,...
Construction company Tank-Weld is deepening its lumber operations through a new lumber treatment plant that’s expected to be commissioned by December. Tank-Weld is developing the treatment facility at Rio Bueno, Trelawny, at a cost of about $500...
The Statistical Institute of Jamaica (STATIN) has reported that inflation for May was 6.1 per cent following a 0.6 per cent increase. STATIN said the upward movement was influenced mainly by increases in the index for the divisions 'Housing,...
The NCB Financial Group Limited (NCBFG) says majority shareholder Michael Lee-Chin continues to maintain confidence in the company despite the recent sale of a block of shares held by the businessman and his associated entities. The 22,708,700...
Lawmakers in Europe signed off Wednesday on the world’s first set of comprehensive rules for artificial intelligence, clearing a key hurdle as authorities across the globe race to rein in AI. The European Parliament vote is one of the last steps...
The Jamaica Stock Exchange (JSE) Combined Index retreated marginally Wednesday. The heavy and busy trading, ended with an advance/decline ratio of 40/50. The JSE Combined Index declined by 1,534.67 points or 0.45 per cent, to close at 340,641.18....
Motorists will pay more for gas when they go to the pumps on Thursday, following a $0.25 increase. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $170.45 per litre and a litre of E-10 90 will sell for $173.98. Automotive diesel...
Pension valuations are recovering but require stronger oversight to detect fraud, according to the acting director general at the Financial Services Commission, Major Keron Burrell. “Recent scandals have shown that the framework for fighting...
In recent decades, the world’s wealth has soared – at least on paper – as low interest rates drove up asset prices. But the global balance sheet remains rife with fragilities, which recent financial-sector turbulence has exposed. Now, how the world...
Wages in the United Kingdom spiked sharply in April, official figures showed Tuesday, a development that is set to cement expectations that the Bank of England will raise interest rates once again next week, to the likely dismay of many homeowners...
The Suriname government says it remains confident of reaching an agreement with China to reschedule its US$537-million debt, in the wake of a similar deal announced by Paramaribo last week over its US$39-million debt to India. “Although it is not...
European Commission President Ursula von der Leyen met with Brazilian President Luiz Inácio Lula da Silva on Monday in a bid to get a free trade deal moving again. The 27-member EU completed negotiations in 2019 on a wide-ranging trade deal with...
A new study by the Inter-American Development Bank has found that the value of exported goods from Latin America and the Caribbean grew at an estimated rate of 2.9 per cent year-on-year in the first quarter of 2023, after increasing by 16.4 per...
Power utility Jamaica Public Service Company is installing another twelve EV charging stations this year, with the Spanish Court Hotel in New Kingston and the Juici Patties complex in Clarendon Park among the new locations. “Both the supermarket...
More than 98 per cent of ginger produced in Jamaica is consumed locally, with export markets constrained by high pricing, says General Manager of the Exports Division of the Ministry of Agriculture, Byron Henry. “Local ginger is overpriced because...
Following the decision by the Court of Appeal on Friday, in which an injunction against its mining operation in parts of St Ann was lifted, bauxite mining company Noranda says shipments to the Gramercy refinery in the United States are likely to...
Online travel agency Expedia Group is benefiting as travellers continue to make up for trips they skipped during the worst of the pandemic, and Wall Street expects it to post a solidly profitable 2023 after a money-losing first quarter. The Seattle...
Scotia Group Jamaica made $4.2 billion profit for the April 2023 quarter, reflecting a 75 per cent rise year on year. The banking group’s outlook remains positive despite the challenging economy. “We saw significant growth in our core business...
Two affiliated Lasco companies have broken through the $500-million ceiling on share capital for junior stock market companies, and are paying fees applicable to main market listings as a result. But whether they will eventually migrate or remain...
A growing number of companies are pledging to cut their greenhouse gas emissions to ‘net zero’ as part of global efforts to tackle climate change, but that goal is rarely supported by a credible plan, according to a report published on Monday. The...
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland’s...
