Chances are that if you’ve been to a great restaurant, bar, or hotel, you’ve snagged a coaster, matchbook, napkin, or card key. Mementoes like these are talismans that help us remember what a fun experience we had. You may hesitate before you...
Jamaica will be the host country for the International Conference on Inclusive Insurance, ICII 2022, at The Jamaica Pegasus hotel, New Kingston from October 24 to 28. The Insurance Association of Jamaica is hosting the talks, in association with...
Becoming a parent marks the beginning of a very significant life transition, which, with its many financial demands, has a very significant impact on the family budget from the prenatal period up to the early adult years of the new family member in...
The Jamaica Stock Exchange (JSE) Combined Index closed on Friday on a winning note. Moderate trading ended with an advance/decline ratio of 37/44. The JSE Combined Index advanced by 1,443.05 points, or 0.39 per cent, to close at 372,996.72. The JSE...
Spice and condiments manufacturer Spur Tree Spices Jamaica has acquired majority ownership in Canco Limited, a 36-year-old company focused on agro-processing. Earlier this week, Spur Tree, through a notice on the Jamaica Stock Exchange, announced...
Sygnus Credit Investments Limited is helping to fund a 45-mile highway road improvement project slated for Exuma in The Bahamas, under a private-public partnership with Caribbean Pavement Solutions, a member of the Bahamas Striping Group of...
Private equity firm Delta Capital Partners, or DeltaCap, has acquired 100 per cent of Massy Card Barbados’s credit card portfolio, adding a ninth asset to its portfolio. The price of the acquisition was not disclosed. DeltaCap also said Thursday...
Following an immediate and brutal reaction from financial markets, UK Prime Minister Liz Truss has, fortunately, abandoned her government’s proposal to lower the tax rate paid by the country’s highest earners. Nonetheless, the experience following...
Specialty food distributor Caribbean Producers Jamaica Limited, CPJ, is still hunting a new CEO after the departure of its last recruit three months into his appointment. It’s now looking to have a replacement in place by January. Todd Stromme of...
Property developer Stanley Motta Limited plans to spend US$12 million, or $1.8 billion, to construct another building on the grounds of its 58HWT complex in Kingston, starting in January. The new building will rise 10 storeys and will be marketed...
The Starbucks franchise in Jamaica has transitioned from a niche brand geared at tourists to a household name that now aims to build out a chain of 25 stores coffee shops. “We will have 15 stores in the short term and 25 in the long term,” said...
One of Brazil’s biggest gold refiners, which processes gold suspected of being mined illegally in the Amazon rainforest, has been stripped of an important industry seal of approval that global manufacturers from Apple to Tesla rely on to root out...
Poultry producer Jamaica Broilers Group, JBG, has discontinued operations in the troubled Haiti market. In a notice posted on the Jamaica Stock Exchange, Jamaica Broilers said that its board has accepted management’s recommendation for the...
The Jamaica Stock Exchange (JSE) Combined Index closed on Thursday, reversing some of the recent losses. Moderate trading ended with an advance/decline ratio of 36/47. The JSE Combined Index advanced by 2,508.68 points, or 0.68 per cent, to close...
Mexico’s president says his government is analysing the creation of a state-owned, army-run airline that would fly 10 leased airplanes as well as the former presidential jet. The unusual plan would further boost the army’s increasing economic role...
The Jamaica Stock Exchange (JSE) Combined Index continued its declining trend on Wednesday. Busy trading ended with an advance/decline ratio of 35/56. The JSE Combined Index declined by 4,180.07 points, or 1.12 per cent, to close at 369,044.99....
In what officials of Sagicor Group Jamaica Limited, SGJL, are describing as a deconsolidation of listed real estate investment company Sagicor X Fund from the group, SGJL has sold off all its shares in the former subsidiary and given up its two...
Online learning and exam preparation platform Edufocal Limited has acquired a $200-million loan from Mayberry Investment Limited that it will use to pay down existing debt and financing for expansion. EduFocal will be pumping funds into recently...
Portland Caribbean Fund II has realised about US$70 million or more after selling its stake in entities electricity provider InterEnergy and a subsidiary, according to director Robert Almeida. “The value of the companies in the portfolio increased...
For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies, but also negative supply shocks, and that central banks’ attempt to fight it would cause a hard economic landing. When...
A senior World Bank official on Tuesday said that the gross domestic product, or economic output, of Caribbean economies has not yet recovered to its 2019 level as the region emerges from being among the hardest-hit regions by the coronavirus...
The owner of the building that once housed Globe Fine Furniture is looking among the outsourcing and manufacturing sectors for tenants. It’s not clear how long the property has been up for rental, but its positioning on 1st Class Realtor’s website...
Jamaican Christopher Dehring, whose company Readynet offers internet services via satellite technology, says the added competition from Starlink Jamaica would be in the country’s interest. It would provide more independent means of connecting...
The Bank of Jamaica and one of the staunchest critics of its current programme of monetary tightening, the Private Sector Organisation of Jamaica, PSOJ, appear agreed on the soundness of the spending and taxation habits of the Jamaican government...
