Business

The value of pension assets under the control of fund managers fell by $15 billion in the span of three months, amid aggressive interest rate hikes in Jamaica and foreign markets that have served to carve yields off bonds and other investment...

The government of Trinidad...

Fewer customers complained about poor service last year, but utility providers still paid out $157 million, according to data released by the regulator on Wednesday. The Office of Utilities Regulation, OUR, received 20 per cent fewer complaints...

Last year, the Nobel Prize in economics went to two economists who study the dynamics of bank runs, as well as to former US Federal Reserve Chair Ben Bernanke for his work analysing how central banks have dealt with some of history’s worst banking...

When two tech-linked American banks failed this month, among the investors who lost millions were public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. The pension funds, like...

Alibaba is splitting itself into into six business groups as the Chinese e-commerce company attempts to become more nimble in reacting to changes in the market and increase the value of those units. Alibaba Group Holding Limited said in a...

Telecommunications provider Digicel announced on Monday that it has transitioned its Trinidad Consumer Contact Centre to a consolidated regional centre in Jamaica, resulting in more than a hundred workers losing their jobs. “As a company, we are...

Electrical lighting company FosRich is pulling back from its plan to raise funds on the equity market. In July 2022 shareholders had given the go-ahead for FosRich engage in a rights issue or an additional public offering, and the company had been...

After 33 years at the helm of a company mainly concerned with cleaning and sanitation, Audrey Hinchcliffe has handed over leadership of Manpower...

The plan by the Strategic Public Sector Transformation Project, SPSTP, to overhaul the Companies Office of Jamaica for the ease of doing business has been put on hold again. The SPSTP previously invited proposals from qualified firms to offer...

FTX founder Sam Bankman-Fried was charged with directing US$40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday. The charge of conspiracy...