Business

Cinema operator Palace Amusement Company is contemplating a stock split, an issue to be debated first by the board of directors on December 20. If the board approves, the company, which is majority owned by Charles ‘Douglas’ Graham and family,...

Jamaica Broilers Group, JBG, has posted $842 million in earnings for the second quarter ended October, a more than forty per cent gain despite a write-off of $1.04 billion during the quarter for the discontinuation of operations in Haiti. The...

Victoria Mutual Investments Limited, VMIL, has acquired commercial property utilised as a call centre at the Barnett Technology Park, an outsourcing hub in Montego Bay. The investment company first announced the purchase earlier this year but not...

The COVID-19 pandemic laid bare for the District of Columbia and other major cities that public transit was a lifeline for essential workers, and that even modest fares could be a burden to them. So the nation’s capital is introducing a...

Inflation in the United States slowed again last month in the latest sign that price increases are cooling, despite the pressures they continue to inflict on American households. Consumer prices rose 7.1 per cent in November from a year ago, the...

After a decade of unconstrained growth, when it seemed that a new billionaire was minted every day, the tech industry has finally hit a rough patch. Elon Musk’s erratic behaviour following his takeover of Twitter has left the financially leveraged...

The United States government charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others,...

Amgen is spending US$26.4 billion to dive deeper into rare-disease treatments with a deal for drugmaker Horizon Therapeutics. The biotech drug developer said on Monday that it will pay US$116.50 in cash for each share of Horizon, which makes a...

The Ministry of Agriculture and Fisheries, MOAF, is roping in farmers on its efforts to safeguard the country’s watersheds. Called Jamaican Path from Hills to Ocean, or H2O, the initiative aims to tamp down on malpractices in farming techniques...

Guyana on Friday opened bidding on 14 new offshore oil and gas blocks, hoping to capitalise on interest in lucrative fields that are expected to make the South American nation a major oil producer. Guyana is home to one of the largest oil...

Rum maker J. Wray...