The Financial Services Commission (FSC) was brought into existence by the Financial Services Commission Act, August 2001, as the single regulatory organisation for institutions offering financial services in insurance, securities, and pensions. Its...
Flooring contractor Caribbean Industrial Systems, CIS, has raised $100 million from a new bond amid a postponement of its plans to list on the stock market. The company last tapped the debt market in 2019, raising $65 million at 10 per cent...
The Jamaica Stock Exchange (JSE) Combined Index closed the week Friday on a losing note. Slow trading ended with an advance/decline ratio of 37/44. The JSE Combined Index declined by 1,141.14 points or, 0.32 per cent, to close at 352,014.14. The...
Telecommunications provider Flow Jamaica said that copper theft and vandalism cost it at least US$10 million, or $1.5 billion, in lost revenue this year following hundreds of incidents of vandalism, including one in St Andrew this week. “This is...
International reinsurers, the finance companies that cover risks taken on by local insurance companies, are moving to other markets to do business or otherwise demanding that Jamaican insurance companies increase insurance coverage rates. Senior...
BPM Financial Limited, a privately held company offering investment and pension fund management services, has acquired the property neighbouring its head office at 1A Holborn Road in Kingston for US$900,000, or about $140 million in local currency...
The United States will increase exports of liquefied natural gas to the United Kingdom under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine. US...
For years, Mark Hager’s job as an observer aboard New England fishing boats made him a marked man, seen as a meddling cop on the ocean, counting and scrutinising every cod, haddock and flounder to enforce rules and help set crucial quotas. On one...
Education and training, which was the primary area of iCreate’s focus when it went public nearly four three years ago, has now fallen to around 30 per cent of the business. But the digital media company and operator of iCreate Institute wants to...
The Jamaica Stock Exchange (JSE) Combined Index was down marginally Thursday. Heavy and busy trading ended with an advance/decline ratio of 50/45 The JSE Combined Index advanced by 3,166.88 points or, 0.90 per cent, to close at 354,008.38. The JSE...
Italian confectioner Ferrero said on Wednesday it is acquiring Wells Enterprises, one of the largest US ice cream makers, in a deal that will broaden both companies’ offerings. Wells, a 100-year-old family-owned company based in Le Mars, Iowa,...
The Jamaica Stock Exchange (JSE) Combined Index reversed some losses Wednesday. Moderate trading ended with an advance/decline ratio of 47/43 The JSE Combined Index advanced by 3,166.88 points or 0.90 per cent to close at 354,008.38. The JSE Main...
Express Catering Limited plans to expand beyond its captive airport operations at Sangster International in Montego Bay by launching two US franchises inland – Cinnabon and Auntie Anne’s. “We are excited about this new strategic direction. We are...
Caribbean Dreams Foods Limited, the newly created manufacturing division of Jamaican Teas Limited will be spun off by March 2023, having secured rights to produce Tetley brand of teas. The new company was expected to become operational around March...
Canadian mining company C3 Metals Inc has received approvals from the National Environment and Planning Agency to begin exploration drilling for gold, silver and copper at Arthur’s Seat in Clarendon, lands which have been untouched since 1992. C3...
Major Western measures to limit Russia’s oil profits over the war in Ukraine took effect on Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy...
The United States federal government has illegally broken a promise to pay off the debts of a group of black farmers, according to a class-action lawsuit. The group hopes to put pressure on officials to keep their word and to restore funding that...
Mexico’s troubled Maya Train tourist project will now include a 45-mile (72-kilometre) stretch of elevated trackway through the jungle, President Andrés Manuel López Obrador said Monday. López Obrador has changed his mind a number of times on his...
The US Environmental Protection Agency, EPA, on Monday ordered the owners of an oil refinery in the US Virgin Islands to remove thousands of pounds of chemicals from the site, warning that its pipes and valves are severely corroded and in disrepair...
There is growing expert consensus that the physical effects of climate change are contributing to more frequent and extreme weather events, including floods and droughts. The COVID-19 pandemic showed us how wide and varying countries’...
The World Bank is on the cusp of a major transformation. Led by the United States, G20 governments have pushed it to increase support for the fight against climate change. Following recommendations by a G20-created independent panel on how to...
Hess Corporation, a consortium partner in Guyana’s offshore oil sector, has agreed to buy US$750 million worth of carbon credits from the South American nation in the next decade as it works to ensure Guyana’s almost-intact Amazonian rainforests...
The United States and Argentina agreed on Monday to have their tax agencies automatically share data about citizens’ banking and investments in each other’s countries. The government in Buenos Aires hopes this will lead to an estimated US$100...
The Development Bank of Jamaica, DBJ, has engaged two new partners – Kingston Creative and TBR Lab – as business services intermediaries, BSIs, to channel grant funds to micro and small enterprises. It takes the number of BSIs to seven and comes...
