KAYA GROUP, one of the largest ganja chains on the island, generated US$2.2 million ($330 million) for its December 2022 year end, or 25 per cent higher year on year with details emerging of its celebrity minority shareholders. The company...
ENTERTAINMENT BRAND builder and restaurateur Chad Williams is spreading his wings to the Dominican Republic, DR, and simultaneously opening a new restaurant in Kingston. The entrepreneur is capitalising on more than a decade’s worth of experience...
THE FINANCIAL Services Commission (FSC) indicates that it has concluded a reclassification exercise for Jamaican private pension plans, with changes based on specific plan benefit type and in line with Organization for Economic Cooperation and...
ROSEAU, Dominica (CMC): GRENADA, ST VINCENT and the Grenadines, and St Kitts and Nevis are expected to benefit from a three-day study tour of Dominica’s geothermal energy project as part of the efforts to foster regional cooperation and...
WASHINGTON (CMC): GUYANA IS expected to record the highest growth among Caribbean Community (CARICOM) countries this year, while Haiti will record under one per cent growth in 2023, according to the latest World Economic Outlook, released by the...
GENEVA (AP): SWITZERLAND’S PARLIAMENT opened a special session yesterday to scrutinise the state-imposed takeover of Swiss bank Credit Suisse by rival UBS – and consider strengthening the legal arsenal to better gird against financial blowups. The...
WASHINGTON (AP): THE OUTLOOK for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. That’s the view of the International...
MUSIC LICENSING Inc, a small US-based music rights firm with a big catalogue, wants to cross-list on the Jamaica Stock Exchange, JSE, while adding Jamaican music to its repertoire. The company has informed its shareholders, but has not filed...
The Jamaica Stock Exchange (JSE) Combined Index reversed some of the recent gains on Tuesday. The bustling trading ended with an advance/decline ratio of 50/50. The JSE Combined Index declined by 139.10 points or 0.04 per cent to close at 342,936....
FLORIDA (CMC): THE CARIBBEAN Hotel and Tourism Association (CHTA) says international arrivals to the Caribbean for the first two months this year are behind by only one per cent when compared to the same period in 2019. The CHTA said, in contrast,...
ONE OF the ugly secrets in business is that there are many wealthy and well-established companies, government entities and organisations that are profiting handsomely from the ignorance of small business owners, who in turn are suffering...
TOURISM INDUSTRY food purveyor Caribbean Producers Jamaica (CPJ) has retired its largest chunk of long-term debt. In a late-Thursday notice to the Jamaica Stock Exchange (JSE), CPJ said the aggregate J$500 million in “bonds will be completely...
TWO WOMEN contacted me last week about their motor insurance claims. One is a small business operator. She lives in the capital of a mid-island parish. Her route taxi was destroyed in a collision in which her driver was knocked unconscious. The...
CARIBBEAN CEMENT Company (CCC), the sole manufacturer of cement in Jamaica, revealed a lukewarm outlook amid making a record $5.3 billion in profit for its December 2022 year-end. The profit haul was 24 per cent more year on year amid ongoing...
TWO YEARS after ostensibly losing its major investor, Proven Investments Limited (PIL), Dream Entertainment Limited indicates that it expects this year to supersede 2019 results. “We are expecting to surpass 2019 numbers in terms of the number of...
Business Reporter DESPITE RAKING in record premiums for the financial year ended December 2022, Junior Market-listed insurance company IronRock only managed less than a half of the profit earned in 2021. Gross premiums written (GPW) was just over $...
STAGING A comeback after five years, the 2021-2022 Global Entrepreneurship Monitor (GEM) Report, released in March 2023, shows significant changes in the entrepreneurial ecosystem in Jamaica. The report indicates that Jamaica’s early-stage Total...
DETROIT (AP): TESLA CUT prices on its entire United States electric vehicle model line-up for the third time this year, in an apparent effort to lure more buyers amid rising interest rates. The largest of the cuts that appeared on Friday on Tesla’s...
ANKARA, Turkey (AP): RUSSIA MAY pull out of a wartime deal that allows the export of Ukrainian grain to global markets, if the West fails to remove obstacles to Russian agricultural exports, Moscow’s top diplomat suggested on Friday. The deal,...
BEIJING (AP): ASIAN STOCK markets followed Wall Street higher on Friday ahead of a United States (US) job market update that 236,000 jobs were added, a situation traders hope might encourage the Federal Reserve to ease off plans for more interest...
Published:Sunday | April 9, 2023 | 12:22 AMOran Hall -
ALTHOUGH THERE are some institutional arrangements in place to protect the funds of people who entrust them to financial institutions, people must do all they can to reduce the risk of losing their money. The Jamaica Deposit Insurance Corporation (...
BRIDGETOWN, Barbados (CMC): CIBC FirstCaribbean said yesterday it is acquiring BDS$100 million (1 Barbados dollar=US$0.50 cents) in the Barbados Optional Savings Schem, BOSS, Plus investment instrument that officials say represents the return of...
April 5, 2023 In Wednesday’s trading session the following reflects the movement of the JSE Indices: • The JSE Index declined by 1,159.46 points (0.35%) to close at 330,217.61 points and the volume traded amounted to 12,992,157 valued at $42,746,...
