Condos that violate building codes and an increasing number of unsold apartments are being seen as possible manifestations of the downside of sustained interest rate hikes. That’s according to a panel of experts that weighed the impact of the...
Microlender ISP Finance Services Limited has raised $570 million in fresh capital on the bond market to part-fund the expansion of its loan portfolio, as well as refinance existing debt. The debt raise, which was arranged by Sterling Asset...
International urban development expert Professor Greg Clark is recommending a decade of what he calls sustained place leadership as an imperative for the redevelopment of downtown Kingston. Place leadership is joint endeavour between governments,...
As Haiti rapidly spirals into chaos, its island neighbour, the Dominican Republic, has responded with crackdowns on migrants and a military build-up the government claims will “guarantee border security”. But some fear those moves will only deepen...
The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 41/42. The index declined by 1,947.06 points or 0.52 per cent to close at 371,435.30 points. The JSE Main Market Index declined by 1,835.87...
Johnston Development Group, JDG, a year-old company in which private equity outfit Dequity Capital Management Limited has a stake, is undertaking a $1.2-billion residential development in Kingston called Cardinal Residence. It’s the first in a...
Winter is coming! And not in the Game of Thrones sense. The big news in currency markets on September 26 was the British pound’s record slump against the US dollar. It seems unfathomable now that years ago one UK pound sterling was worth US$2. Then...
Palace Amusement Company is still a far way from recovery but its ticket sales have climbed back to around half of their pre-pandemic peak levels, driving down annual losses at the cinema company in the process as Jamaicans returned to its movie...
The International Monetary Fund, IMF, is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia’s war against Ukraine, chronic inflation pressures, punishing interest rates, and the lingering...
United Kingdom Treasury chief Kwasi Kwarteng says he will bring forward the publication of the government’s full fiscal statement after facing widespread criticism for not providing details about a multibillion-pound, tax-cutting stimulus package...
The sanctions violation charges slapped on the Russian billionaire Oleg Deripaska will not affect bauxite-alumina producer Windalco in Jamaica, experts say. Russia-based UC Rusal, which owns Windalco, has indicated that political tensions in parts...
The ability of receiver Wilfred Baghaloo to advance the sale of assets of bankrupt Mystic Mountain Limited, MML, operators of the Mystic Mountain attraction, will turn on the outcome of the hearing of an injunction application in the commercial...
The Bank of England on Tuesday expanded its emergency effort to quash upheaval on financial markets unleashed by the government’s plan to slash taxes, saying fluctuations in bond prices posed a “material risk” to the United Kingdom’s fiscal...
Solar panel theft in Jamaica and bad regional weather negatively affected MPC Caribbean Clean Energy during its June second quarter. The company operates a management firm that takes full or partial ownership in renewable energy power plants in the...
The Jamaica Stock Exchange (JSE) combined index advanced on Tuesday with an advance/decline ratio of 39/54. The JSE Combined Index advanced by 136.18 points or 0.04 per cent to close at 373,382.36 points. The JSE Main Market Index advanced by 293....
It’s hard to tell from his serious demeanour, but Akky International Corp Chief Executive Hideyuki Abe can barely contain his excitement. Foreign tourists are coming back, those money-laden visitors from abroad who used to flock into his colourful...
Former United States Federal Reserve Chair Ben Bernanke, who put his academic expertise on the Great Depression to work reviving the American economy after the 2007-2008 financial crisis, won the Nobel Prize in economic sciences along with two...
For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low, and average pay rose. Yet for the US Federal Reserve, the jobs figures highlight how little...
QUESTION: I operate a daycare in St Catherine and really need your help on managing my money and how to gain more publicity and be competitive in the market. — Daycare Owner BUSINESSWISE: You have touched on five extensive business disciplines:...
Before year end, Seprod Group will take its new Trinidadian subsidiary public and list it on the main market of the Jamaica Stock Exchange. AS Bryden...
Brokerage and investment banking firm Mayberry Investments Limited plans to raise up to $2 billion to replace debt due this month. The two-year bond due to mature in October 2024 will result in Mayberry paying higher interest on the new debt at 10...
The cotton harvest is about to get under way in the Texas High Plains, the windswept region that grows most of the crop in the nation’s top cotton-producing state. But Barry Evans, like many others, has already walked away from more than 2,000...
The value of an internship is unmistakable. It teaches marketable skills, it builds professional networks, and it helps students test-drive careers. But the benefits are not available to all: Close to half of all internships are unpaid, putting...
