Proven Group Limited is chasing new debt capital at around the same rate it did a year ago, notwithstanding the pressures that inflation and rate hikes have been putting on bond yields. The company placed a two-year bond on the market on January 10...
Plans for the rehabilitation and upgrade of the Melrose Hill yam park are on hold. This as a delay in the completion of the Williamsfield leg of Highway 2,000 has halted progress on the upgrade, according to concessionaire Kevin Frith. Through one...
The Jamaica Stock Exchange (JSE) Combined Index declined marginally on Tuesday. Moderate trading ended with an advance/decline ratio of 42/54. The JSE Combined Index declined by 2,089.31 points, or 0.60 per cent, to close at 346,481.08. The JSE...
Automakers Renault and Nissan on Monday formalised their reboot of a relationship that had grown rocky, culminating in the spectacular fall of top executive Carlos Ghosn, who had led successful turnarounds at both companies before his arrest and...
BRIDGETOWN, Barbados (CMC): The Central Bank of Barbados has announced the appointment of Dr Kevin Greenidge as its eighth Governor, effective March 1. Dr Greenidge was most recently a Senior Economist at the International Monetary Fund (IMF)....
The management of NCB Financial Group Limited, NCBFG, lashed out against staff fraud at the financial institution while signalling that it will compensate any client affected. “NCB will reimburse our customers who are victims of internal employee...
A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead. Analysts say China’s easing of restrictions on companies like e-...
ChatGPT, the new artificial-intelligence chatbot developed by the San Francisco-based research laboratory OpenAI, has taken the world by storm. Already hailed as a milestone in the evolution of so-called large language models – LLMs – the world’s...
Ethics is a set of moral values, such as honesty and trustworthiness, which guide behaviour, so ethical conduct is conforming to the general rules and standards of general conduct. Ethical conduct is about operating at the highest standard of...
We all know what it’s like to be inspired by a vision of the future. It feels good, as if we are responding to a higher purpose. But why do corporate visions often fall flat? In 1991, I led a vision statement exercise for my AT...
Information overload – also known as infobesity, infoxication, information anxiety, and information explosion, according to free online encyclopaedia Wikipedia – is the difficulty one has in understanding an issue and effectively making decisions...
Global aviation services company Menzies has acquired a majority stake in AJAS Limited, a privately owned provider of ground and cargo handling services in operation for 82 years. The terms of the transaction between Menzies and AJAS owner Caricom...
GraceKennedy Group and American insurtech firm Haven Technologies recently announced a partnership that will shift some of the accounts of insurance clients to a new online processing platform. The conglomerate has several insurance businesses that...
Shuttered windows are a permanent fixture in Salinas, an industrial town on Puerto Rico’s southeast coast that is considered one of the United States territory’s most contaminated regions. For years, toxic ash and noxious chemicals from coal-fired...
The Cannabis Licensing Authority, CLA, is set to appoint its fourth CEO in two years. The office holders since 2021, of which two were interim bosses, were Daenia Ashpole, Faith Graham, and Lincoln Allen. “As my tenure as CEO of the CLA comes to...
The Bank of England announced another “forceful” increase in interest rates Thursday, saying it was too soon to declare victory against inflation that has slowed slightly but is still fuelling a cost-of-living crisis, public-sector strikes and...
Massy Group, a Trinidad-based investment holding company with businesses spanning the Caribbean and the United States, turned 100 years old on Wednesday. Locally, it kicked off the celebration with an announcement that it would be gifting shares in...
The Government of Jamaica plans to divest its stake in National Rums of Jamaica Limited, NRJ, via the stock market but has a hurdle to clear prior to making the offer. To facilitate the sale, the Government wants a fresh valuation done on its...
A friend recently questioned why he was not able to participate in NCB’s US$300-million debt issue secured by international credit card receivables (The Gleaner, August 19, 2022). After all, he has a long and satisfactory relationship with National...
Before the artificial intelligence tool ChatGPT was unleashed, the novelist Robin Sloan was testing a similar AI writing assistant built by researchers at Google. It didn’t take long for Sloan, author of the bestseller Mr. Penumbra’s 24-Hour...
The Bank of Jamaica, BOJ, is urging the institutions it regulates to ensure that their internal audit systems are robust and well-resourced. In the wake of allegations that the seepage of funds from Stocks...
Image Plus Consultants Limited is on the hunt for a new location, having outgrown its Winchester Road, Kingston complex, which is one of four sites it operates. “We want to upgrade our nuclear medicine services, but we can’t do that because the...
For the first time in over eight years since it entered the stock market as a start-up business in December 2014, 138 Student Living Jamaica Limited will pay a dividend, amounting to nearly $54 million at 13 cents per share. The distribution of...
First Rock Group says it has acquired a majority stake in Deborah Cumming’s company, Heave Ho Properties Limited, the local franchise holder for real estate brokerage Century 21. The acquisition of the business was done through First Rock Century...
FRANKFURT, Germany (AP) — The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more will follow, underlining its drive to subdue inflation even as the economy slows and the US Federal...
