Published:Wednesday | September 21, 2022 | 12:08 AM
JN Money Services has surrendered remittance operating licences for two of its subagent locations, at Blake Street in Portland and Claremont in St Ann. Notice of JN Money Services voluntary surrender of the two remittance licences was published...
Published:Wednesday | September 21, 2022 | 12:07 AM
United Kingdom Prime Minister Liz Truss said Tuesday that she’s ready to make “unpopular decisions” such as boosting bonuses for wealthy bankers in order to get the country’s sluggish economy growing. Speaking before an emergency government budget...
Published:Wednesday | September 21, 2022 | 12:07 AM
Exchange rate risk is one of the most pernicious of business risks and academics have documented its negative effects on firms’ profitability, cost of and access to capital, and strategic decisions such as resource allocation, investment, and...
Published:Wednesday | September 21, 2022 | 12:06 AM
Rubis West Indies Limited says it is being forced to subsidise the local market for petroleum products in Dominica and has warned of job cuts. “Following our suspension of sales on September 15, if this is not resolved in a timely and meaningful...
A preferred bidder has been selected to purchase Ocho Rios-based attraction Mystic Mountain, the main asset of the bankrupt Mystic Mountain Limited, MML. However, while receiver Wilfred Baghaloo, of accounting and tax advisory firm...
Published:Wednesday | September 21, 2022 | 12:06 AM
The Jamaican Government aims to improve its disaster and development planning by upgrading its digital maps into 3D format, which that would visualise the country’s hills and valleys that are often hidden by existing maps. “Most ministries,...
Published:Wednesday | September 21, 2022 | 12:05 AM
Volkswagen has set the price range for the multibillion-euro sale of a minority stake in luxury brand Porsche as it prepares an initial public offering to fund VW’s investments in new technologies and businesses including electric cars, software...
A first-of-its-kind database for tracking the world’s fossil fuel production, reserves and emissions launched on Monday to coincide with climate talks taking place at the United Nations General Assembly in New York. The Global Registry of Fossil...
Sagicor Group Jamaica Limited has created a new position for a head of group technology and redefined the jobs of three other top executives – changes that focus in the main on the financial conglomerate’s flagship insurance business. The company,...
State agency Agro-Investment Corporation, AIC, is on the hunt for investors or farmers to plough lands spanning 586 acres in Unity, St Mary, the lease proceeds from which are expected to flow to property owner National Housing Trust. The AIC on...
The loan portfolios at Jamaica’s commercial banks have surpassed $1 trillion, fuelled by record levels of household debt but tempered by shrinking exposure to certain sectors, including agriculture and entertainment. The growth reflects the stated...
The late Queen Elizabeth was widely revered for her sense of duty, her wisdom, advice, and the continuity she provided. As Head of the Commonwealth and as Britain’s monarch, she represented selflessness and dedication rather than self-interest. She...
The Financial Gleaner of September 9, 2022, reported that, at 10.9 per cent over the 12 months to June 2022, Jamaica’s inflation rate was the ninth highest among 33 nations in Latin America and the Caribbean. Because prices directly affect how much...
QUESTION: I just read your article ‘Going Where you are Valued Pays’, and it was definitely for me. I am 32 years old and have been working for years as partner of business development but am shamefully paid and undervalued. I am at the stage...
Today’s article will highlight elements of the 13-part, 299-section, and 367-page Road Traffic Regulations 2022 that complement the new Road Traffic Act. The gestation period for the law spanned years. Many persons, including motor insurance...
You are forced to deal with email every single day, most of it arriving at odd moments. At the same time, you need to be effective, but it seems that invariably, there is a slew of messages getting in the way. You want the problem to go away so...
Microfinance company Dolla Financial has partnered with Innovative Systems on a financial agreement that will allow the tech product retailer’s customers looking to make purchases on credit. The deal marks the second financing arrangement that...
The freedom to gamble without pandemic restrictions has pushed the pot of tax earnings for the Government to $3.1 billion between April and June. The pot for the treasury was up by a quarter in the period, relative to the previous year. The Betting...
Anticipating an inflection point and the likely takeoff in electric vehicle sales, General Accident Insurance Company, GENAC, is taking first-mover position in the Jamaican market with special coverage. This after scoring success as a new player...
Victoria Mutual Investments Limited, VMIL, has purchased a commercial property for US$18 million ($2.7 billion), marking the first acquisition for its real estate portfolio, with other deals to follow. “It is a business process outsourcing...
The Biden administration said Wednesday it has approved ambitious plans by 34 states and Puerto Rico to create a national electric vehicle charging network as the United States begins in earnest its transition away from gas-powered transportation....
Amid improved profitability in its big markets, poultry producer Jamaica Broilers Group, JBG, appears to have changed its tone on the lagging Haiti business, saying its future was under review as losses double. In the first quarter ending July,...
President of the Jamaica Chamber of Commerce (JCC) Ian Neita has sounded alarm over the backlog of cargo ships at the island's port, warning that if importers do not take action to clear goods immediately, it could mean trouble for...
The Jamaica Stock Exchange (JSE) Combined Index closed on Thursday, inching up some more. The moderate to slow trading, ended with an advance/decline ratio of 42/44. The JSE Combined Index advanced by 261.49 points or 0.07 per cent, to close at 374...
