Published:Wednesday | December 21, 2022 | 12:29 AM
Often referred to as the ‘Silicon Shield’, Taiwan produces a staggering 65 per cent of the world’s semiconductors and over 90 per cent of the highest-end chips. As such, no company is more singularly important to the global economy than TSMC–Taiwan...
Published:Wednesday | December 21, 2022 | 12:28 AM
Global Financial Integrity, a think tank based in the United States, says the Caribbean has seen an uptick in financial crimes, including fraud schemes, “involving hundreds of millions if not billions of dollars in illicit proceeds each year”. In a...
Published:Wednesday | December 21, 2022 | 12:14 AM
December and Christmas in Jamaica are about sharing, and there are usually long lines of various entities, charities and individuals expecting to be the beneficiaries of the generosity of businesses. Many family-owned businesses, FOBs, in Jamaica...
Published:Wednesday | December 21, 2022 | 12:08 AM
Canadian company First Quantum Minerals Limited has claimed that the government of Panama has cut off talks with it, resulting in the closure of a huge copper mine. First Quantum said in a statement that it had been negotiating with the government...
Published:Wednesday | December 21, 2022 | 12:05 AM
Mexican President Andrés Manuel López Obrador loves big projects and hates to leave them unfinished, but that is likely what he will do when he leaves office late in 2024. The president pledges his big construction projects will be done by then....
Notwithstanding the latest inflation data showing consumer prices still on the ascent, Bank of Jamaica’s Monetary Policy Committee, MPC, held interest rate steady at 7.0 per cent in its latest decision issued on Tuesday. The central bank noted...
Negotiators reached a historic deal at a United Nations biodiversity conference early Monday that would represent the most significant effort to protect the world’s lands and oceans and provide critical financing to save biodiversity in the...
The total currency in circulation during December 2022 is expected to amount to $227.6 billion, says the Bank of Jamaica (BOJ). The projected currency stock represents a 0.3 per cent increase compared to 19.1 per cent for the corresponding period...
New data released by the Statistical Institute of Jamaica, Statin, on Thursday shows that annual inflation is back above 10 per cent, and is one point above where it stood at the end of summer. Monthly inflation in November was estimated at just 0....
Attorneys for the US bankruptcy trustee in Delaware and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public. At a brief hearing Friday, the...
During the first week of November, the cryptocurrency market went into free fall. The market, which includes big names such as bitcoin and ethereum, lost more than US$150 billion in the space of three days. The amount lost is equivalent to...
At every stage of the business life cycle, enterprises struggle with pain-points, which are challenges and obstacles that negatively impact performance. These pain-points are usually the biggest hindrance to sales and profitability and constrain...
Venezuelan President Nicolás Maduro was not invited to a summit of Western Hemisphere leaders in June. But by October, he travelled to Egypt for a conference where he joked with French President Emmanuel Macron and shook hands with John Kerry, the...
A shortage of bottles and complaints of unfair treatment have seen beer maker Red Stripe Jamaica introducing a rule that forces retailers to return empty bottles to the brewery. The rule initially affected sections of the trade, mainly bars and...
This is a time of year when many people struggle to balance their finances because it is spending time. People reach a high, which is followed by debt and headaches as they face reality and struggle to bring back order to their lives. Individuals...
The Bank of Jamaica rolled out new banknotes on Thursday that are made from polymer, or plastic-based material, with the central bank saying it would be incorporating information on how to handle the new money in the introduction campaign to come....
Eppley Caribbean Property Value Fund, CPFV, has acquired Norbrook Equity Partner’s 50 per cent interest in a three-acre property at 693 Spanish Town Road, Kingston, giving it full ownership of the industrial asset. Eppley Caribbean and Norbrook...
The European Central Bank, ECB, slowed its record pace of interest rate hikes only slightly on Thursday, joining the US Federal Reserve and other central banks around the world in reinforcing an inflation crackdown. The ECB, Bank of England and...
An American company has sealed a US$760-million deal to build two plants for using natural gas from offshore oilfields to produce electricity in Guyana. Houston-based Lindsayca and CH-4 of Puerto Rico are partnering to construct a 300-megawatt...
Massy Holdings Limited has acquired full ownership of Rowe’s IGA Group, operator of a supermarket chain in the United States, for US$47 million. Formed in 2005, Rowe’s, a member of the Independent Grocers Alliance, has seven supermarkets spread...
In April 2022, the world’s richest person, Elon Musk, asked: “Is Twitter dying?” Five days later, he launched an apparently whimsical bid to buy the social media platform. It took months of legal wrangling to complete the deal, but on October 27,...
With regulatory approval in hand since September, the Jamaica arm of CG United Insurance is looking to build its name recognition amid plans to grow its insurance business by at least one-tenth within the next year. The general insurer entered the...
Florida lawmakers are trying to fix in three days a home insurance problem that’s been stormy for three decades, approving legislation designed more to keep private insurers in the state than to immediately save property owners money. A massive...
Indies Pharma Jamaica Limited reported a marginal decline in revenue but a near fifty per cent fall-off in profit for the final quarter of the year. But CEO Guna Muppuri says the company did not do as poorly as the sluggish numbers suggest. It’s...
Sandrea Long-White is the Projects Manager at Community Based Rehabilitation Jamaica (CBRJ), which is an agency providing services and support for children and adolescents with disabilities. The organisation operates with a low budget and is unable...
