Business

Visitors to Dolphin Cove’s marine parks more than doubled in the second quarter ending June, leading to a 81 per cent spike in revenue to US$3.8 million. But the dramatic climb at the top line was not enough to keep earnings on par with their 2021...

Construction materials company Arc Manufacturing Limited is adding five times more retail space for customers looking to purchase items for home improvement projects. The upgrade, aimed at improving retail consumers’ overall shopping experience,...

Saudi energy company Aramco said its profits jumped 90 per cent in the second quarter compared to the same time last year, helping its half-year earnings reach nearly US$88 billion. The increase is a boon for the kingdom and the crown prince’s...

Warren Buffett’s company bet more on high-tech darling Apple during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments on...

American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying. Neither American nor the manufacturer Boom Supersonic would provide...

Less than a year after the St Lucia government warned that poor quality bananas shipped to the United Kingdom may result in the loss of new contracts in Europe, the island has resumed shipping the fruit and now reporting being able to restore...

Barita Investments Limited pumped another $1 billion into MJR Real Estate Holdings Limited between April and June this year, and has started to offer investments in its property fund, its latest financial report shows. The boost to its real estate...

Japan’s economy grew at an annual rate of 2.2 per cent in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions. After keeping its borders closed to most travellers...

Sean Scott is leaving his job as CEO of Canopy Insurance to take on a new role as deputy CEO of the Wisynco Group Limited, another step in the succession planning of the multigenerational beverage and consumer products business. Scott has headed...

QUESTION: Persons I have been interacting with have been asking which company or to whom should they go and sell a business idea in Jamaica. I am also interested in knowing that as well. In all honesty, there are millennials who have great...

At the management level, more than half of the leadership at Victoria Mutual Investments Limited, VMIL, are women. But the numbers thin out at the board level, where only three of the eleven directorships are held by females. “We have been very...

With inflation raging near its highest level in four decades, Congress is poised to approve President of the United States Joe Biden’s signature Inflation Reduction Act. Its title raises a tantalising question: Will the measure actually tame the...