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Business

Published:Sunday | August 7, 2022 | 12:08 AM

Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately US$1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from anti-monopoly and privacy...

Published:Sunday | August 7, 2022 | 12:08 AM

Near-record amounts of seaweed are smothering Caribbean coasts from Puerto Rico to Barbados, killing fish and other wildlife, choking tourism and releasing stinky, noxious gases. More than 24 million tons of sargassum blanketed the Atlantic in June...

Published:Sunday | August 7, 2022 | 12:08 AM

Just as one generation gives way to the next, global challenges are superseded by a new cohort. The once-in-a-century COVID-19 pandemic – and the risk that other dangerous new viruses may emerge at any time – is far from the only example. Extreme...

Published:Sunday | August 7, 2022 | 12:08 AM

The number of microfinancing institutions legally operating in the sector has remained steady despite concerns at the onset of the passage of the Micro Credit Act that some – particularly the smaller operators – would have to merge with larger...

Published:Sunday | August 7, 2022 | 12:08 AM

Rum and other spirit sales in Jamaica for brands held by the Campari Group grew by one-third over six months to June compared to a year ago. “Jamaica recorded an increase in sales, driven by the strong growth of Campari, Appleton Estate, Wray...

Published:Sunday | August 7, 2022 | 12:07 AM

How has the country’s risk transfer or insurance industry performed since Jamaica gained political independence 60 years ago? Justice David Batts, in his recently published book, The Law, and Constitution for Every Jamaican, provides the historical...

Published:Sunday | August 7, 2022 | 12:07 AM

Jamaica’s largest banking conglomerate NCB Financial Group believes it has found the right formula for its digital wallet as a market disruptor that won’t end up cannibalising its own business. The wallet known as Lynk offers mostly free payment...

Published:Monday | August 8, 2022 | 12:06 AM

With the advent of credit bureaux in Jamaica, borrowers have had to be more careful in how they borrow and how they service their debt. Consumers, though, should note that while their credit practices cannot now be hidden and may affect them...

Published:Monday | August 8, 2022 | 12:05 AM

Have you ever played a part in crafting a useless strategic plan? You thought it was a good product, but it ended up languishing on the shelf or in unread email. However, you believed in the process followed, but something was missing; maybe from...

Published:Friday | August 5, 2022 | 12:11 AM

JMMB Holding Company SRL, a subsidiary of JMMB Group Limited, has acquired 100 per cent shareholding in Dominican Republic-based Banco Múltiple Bell Bank SA, marking its entry into the Spanish-speaking market’s commercial banking sector. Details...

Published:Friday | August 5, 2022 | 12:10 AM

Argentina’s third economy minister in a month was sworn in on Wednesday, and as his first order of business, Sergio Massa sought to bring down sky-high expectations for his tackling of the country’s economic troubles. He made clear he would not...

Published:Friday | August 5, 2022 | 12:10 AM

Former Puerto Rico Governor Wanda Vázquez was arrested on Thursday on bribery charges related to the financing of her 2020 campaign, marking the first time that a former leader of the island faces federal charges. Two other unidentified people were...

Published:Friday | August 5, 2022 | 12:10 AMHuntley Medley - Associate Business Editor

Business interests advocating for the redevelopment of downtown Kingston and other urban centres say they are still awaiting word from the government on the promised redesign of the programme of tax incentives to encourage the renewal of blighted...

Published:Friday | August 5, 2022 | 12:09 AM

Sagicor Group Jamaica is nearing completion of the New Brunswick Village commercial and residential complex in Spanish Town, St Catherine, the first project it has undertaken through Bailey Williams Limited, a company it co-owns with minority...

Published:Friday | August 5, 2022 | 12:09 AMNeville Graham - Business Reporter

Riding on the back of a fourfold rise in revenue, First Rock Real Estate Investment Limited, FREI, reported its best quarter since going public as a start-up. At US$2.42 million, or 0.8 cent per share, the real estate investment company’s earnings...

Published:Thursday | August 4, 2022 | 4:14 PM

The Jamaica Stock Exchange (JSE) Combined Index closed today halting its losing streak. The busy session ended with an advance/decline ratio of 49/43. The JSE Combined Index advanced by 625.49 points or 0.16 per cent to close at 382,871.73. The JSE...

Published:Thursday | August 4, 2022 | 12:09 AM

A bipartisan group of senators on Wednesday proposed a bill to regulate cryptocurrencies, the latest attempt by the United States Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked by collapsing prices...

Published:Wednesday | August 3, 2022 | 12:10 AM

Caribbean Assurance Brokers Limited, CAB, is back in the safe zone for the three months up to June 2022, having spun from losses of $13 million to profit of $2.6 million. Revenue also rose 13 per cent year-on-year to $91.5 million. CEO Tania...

Published:Wednesday | August 3, 2022 | 12:09 AM

One on One Educational Services, a provider of online study courses to a Caribbean market, is hunting fresh capital from the sale of shares on the Jamaica Stock Exchange in pursuit of its plan to grow its bottom line. The edtech company, founded by...

Published:Wednesday | August 3, 2022 | 12:08 AM

The developer of a geothermal power plant facing legal challenges in Nevada agreed on Monday to suspend construction, just hours after a United States appeals court had refused to halt the project that opponents say would harm an endangered toad...

Published:Wednesday | August 3, 2022 | 12:08 AM

Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the United States’ computer chip sector, worried that it could be in peril. After 18 months, the bipartisan effort...

Published:Wednesday | August 3, 2022 | 12:08 AM

Chinese e-commerce firm Alibaba said on Monday that it wants to keep its shares listed in both New York and Hong Kong, days after US regulators included it in a list of companies that may be delisted for not complying with auditing requirements....

Published:Wednesday | August 3, 2022 | 12:07 AM

Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far back as 2003, according to the results of an investigation released on Tuesday. President Satoshi Ogiso bowed deeply at a...

Published:Wednesday | August 3, 2022 | 9:54 AMHuntley Medley / - Associate Business Editor

Former Prime Minister Bruce Golding has delivered a sharp rebuke of private sector interests that have been vocal in their criticism of the central bank’s consistent increases in interest rates since September last year, as a monetary policy...

Published:Wednesday | August 3, 2022 | 12:07 AM

Bestselling author Stephen King gingerly stepped up to the witness stand Tuesday in a federal antitrust trial. Tracing his own history, he laid out a portrait of a publishing industry that has become increasingly concentrated over the years while...

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