Mayberry Investments Limited has confirmed that it was a victim of a cyberattack. The investment firm says it has not experienced any disruption as a result of the attack, and is seeking to assure clients that their financial portfolios have not...
The European Union is pushing online platforms like Google and Meta to step up the fight against false information by adding labels to text, photos and other content generated by artificial intelligence, a top official said Monday. EU Commission...
QUESTION: I am messaging you here because I have run out of options. I have been trying to get some current information about owning and operating a hot dog food cart business in Jamaica. All the information I am seeing is over five years old. Do...
A federal judge overseeing the First Amendment lawsuit that Walt Disney Parks filed against Governor Ron DeSantis and others is disqualifying himself, but not because of bias claims made by the Florida governor. Chief US District Judge Mark Walker...
Some people do not invest because they know little about investing or feel that they do not have enough money to do so, but there are others who have some knowledge and reasonable resources who choose not to because they do not have the time to do...
Microlender Dolla Financial has set aside plans for a second branch in Guyana, and instead will put more muscle behind growing the Georgetown operation launched two years ago. CEO Kadeen Mairs made the disclosure during the company’s annual general...
There was a significant omission from my May 14 article, ‘FSC Rolls Out Insurance Market Rules, Version 2.0’. It did not say that I have been preaching for 25 years about the absence of market-conduct practices from the local insurance regulatory...
More than a decade after a law was passed to regulate the management of residential complexes and other properties that operate as strata corporations, compliance with the regulations that support their proper management remains low. Stratas are...
The size and scope of the so-called roots drinks market in Jamaica remains largely cloaked by the informal nature of the trade. But having experienced a downturn during the health crisis, the market is regaining strength as sole trader DTOS...
The latest round of corporate earnings has brought a confounding sense of relief and lingering anxiety to Wall Street. Companies are in the midst of an ‘earnings recession’, meaning profits have contracted for two straight quarters, starting with a...
Gaming and entertainment company Supreme Ventures Limited is looking to subsidiary Supreme Ventures Entertainment Limited, SVREL, to be a driver of profit this year. Since its takeover of the Caymanas Park horse racing track through SVREL six...
With much of the developing world teetering on the edge of a debt crisis, the calls for a new issuance of Special Drawing Rights, or SDRs, the International Monetary Fund’s reserve asset, have grown louder and more urgent. But to have the desired...
The United States government’s auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards within three years. Wednesday’s...
Jamaica Special Economic Zone Authority is finalising a new policy that will allow all firms it licenses, including outsourcing companies, to implement remote work arrangements for nearly a third of their workforce. But it will come at a cost to...
Banking experts are now warning of a rise in so-called BIN attacks in which hackers use computer programmes to essentially ‘guess’ the full card number, CVV code and other information linked to debt and credit cards. As such, JMMB Bank, for...
Sagicor Real Estate X Fund Limited has bumped up its investments in the Sigma Real Estate unit trust fund, pushing the value of those holdings close to $1.3 billion last year. Sagicor X Fund is primarily invested in a single hotel property in...
GraceKennedy Group CEO Don Wehby continues to scan the food and financial services conglomerate for ways to combat expenses and supply chain snarls. In the meantime, it's investing in technology and production upgrades to make its businesses more...
The United States and Europe are drawing up a voluntary code of conduct for artificial intelligence, a top European Union official said Wednesday, as the developing technology triggers warnings about the risks it poses to humanity and growing calls...
Jamaica grew for eight consecutive quarters to pull itself out from under the coronavirus, but planners want a larger skilled workforce to guard against a return to low growth. The economy grew 2.7 per cent in the March quarter 2023 compared to the...
Concerns about preventing sand theft and squatting have surfaced on lands set for resort development next year by government-led Harmonisation Limited. The company is seeking drones and security guards to canvas the 2,400 acres of land at Harmony...
Petrol trader Future Energy Source Company Limited maintained its growth momentum for the fourth quarter ending March, despite a fall-off in oil and wholesale gas prices. The company, which trades as Fesco, reported 51 per cent improvement in...
Tropical Battery to upsize listed shares Energy storage company, Tropical Battery, will seek shareholder approval to issue and list another 3.75 million voting shares on June 13. At Monday’s closing price the new shares would be worth $7.3...
The Accountant General’s Department, AGD, will relocate staff to the agency’ own quarters starting in June, exiting borrowed facilities at National Heroes Circle that the Ministry of Finance and the Public Service has said it wants back. The...
Sagicor Investments, a subsidiary of the Sagicor Group Jamaica, has joined other Jamaican firms hunting business in booming Guyana, now an oil-exporting country. However, Sagicor does not intend to establish a physical presence in the country,...
