Business

More than a thousand persons have so far signed up for Starlink’s satellite-based internet serve, following the green light for its operation in Jamaica in October. The company has no known store presence in Jamaica. Subscriptions are done online...

Lasco Distributors Limited, LASD, has waved the white flag on its long-running battle with American multinational pharmaceutical and biotechnology corporation Pfizer Limited, saying it would accept the court’s November decision and end its appeals...

For the economy, 2022 was a throwback year. And not in a good way. At times, it felt like the 1970s or early 1980s. Inflation running rampant. The United States and its European allies engaged in a not-so-Cold War with Russia. A bleak outlook...

Minority shareholders should get separate meetings to discuss and vote on mergers and acquisitions, rather than them being lumped with majority shareholders wherever interests diverge, according to a decision handed down by the Court of Appeal on...

Financial services company MoneyMasters Limited is readying one of its companies, MoneyMasters Securities Limited, MMS, for listing on the Jamaica Stock Exchange, and expects to float the shares to market investors by the end of the year. The MMS...

Central banks’ unwavering determination to increase interest rates is truly remarkable. In the name of taming inflation, they have deliberately set themselves on a path to cause a recession – or to worsen it if it comes anyway. Moreover, they...

Enrvate, a company jointly formed by CAC 2000 and Tropical Battery Limited, has secured $50 million in debt financing to be used as working capital while it takes on two projects lined up for next year. It’s the first of what Enrvate CEO Steven...

Elections, coups, disease outbreaks and extreme weather are some of the main events that occurred across Africa in 2022. Problems brewed thousands of miles away – climate change and the war in Ukraine – have been devastating to the continent, say...

Sygnus Deneb Investments Limited, SDI, the private equity arm of Sygnus Capital, has acquired a minority stake in regional logistics firm CS...

Amazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options, European Union regulators said Tuesday. The...

Image Plus Consultants Limited, which trades as Apex Radiology, wants to buy new biomedical equipment as well as acquire a property in Kingston to relocate its largest operation, and is looking to stock market investors to fund its ambition. Apex...

Alliance Financial Services Limited, AFSL, whose cambio and remittance arm was acquired by Sagicor Group Jamaica, generated US$2.7 million in revenue and profit of US$122,000 over six months ending September. The disclosure was made to Canadian...