Micro-Financing Solutions Limited, the new owner of SSL Venture Capital Jamaica Limited, SSLVC, will meet at the board level to discuss the operational direction of the shell company it acquired for $30 million. The discussions are pointing to a...
A firm that advises investors on proxy voting said Tuesday that Spirit Airlines shareholders should oppose Frontier Airlines’ bid to buy Spirit, saying that a competing offer by JetBlue is better. Institutional Shareholder Services Inc. conceded...
Cruise ships will no longer start their journeys from Charleston by the end of 2024, the South Carolina Ports Authority said. The authority decided to not renew a deal with Carnival Cruise Line that allowed cruises to begin and end from the Union...
Caribbean Cement Company Limited, CCCL, operator of Jamaica’s sole cement manufacturing plant, expects some amount of economic uncertainty but will keep its capital expenditures flat at $1.7 billion for 2022. “The capital expenditure is $1.7...
The World Economic Forum’s first meeting in more than two years was markedly different from the many previous Davos conferences that I have attended since 1995. It was not just that the bright snow and clear skies of January were replaced by bare...
Stagflation. It was the dreaded ‘S’ word of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories, and President Gerald Ford’s much-ridiculed ‘Whip Inflation Now’ buttons....
Telecommunications provider Flow Jamaica raked in US$105 million ($16 billion) in quarterly revenue to March, a 7.2 per cent gain year on year, that resulted from rising mobile phone subscribers. Home-related services cooled in the period, however...
The Jamaica Stock Exchange (JSE) Combined Index continued the winning trend on Tuesday. The moderate trading ended with an advance/decline ratio of 55/35. The JSE Combined Index advanced by 2,497.38 points 0.62 per cent to close at 406,578.74. The...
China fell short on Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries, as some in the region expressed deep concerns. But there have been plenty of smaller wins for...
The Jamaica Stock Exchange (JSE) Combined Index opened the week on Monday on a winning note. The moderate trading ended with an advance/decline ratio of 55/35. The JSE Combined Index advanced by 4,415.18 points or 1.10 per cent to close at 404,081...
MOSCOW (AP) — Russia said Monday it may use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts. The Vedomosti business daily quoted Finance Minister Anton Siluanov as saying that...
The Bible teaches that there is one true God – “the God and Father of our Lord Jesus Christ” (1 Pet. 1:3; Eph. 1:3; 2 Cor. 11:31). The one true God is Jesus' God – the one to whom Jesus prayed and said: “And this...
“Timing is everything. If it is meant to happen, it will, at the right time, for the right reasons.” This quotation from an unknown author is appropriate for today’s essay. Now is the right time to write it, after months of thought. The topic is...
Jamaica will import more molasses this year to meet rising demand from rum companies. The sector projects it will need five times more of the cane by-product than Jamaica’s sugar factories can churn out. The local supply of molasses has been...
Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond...
So, we are to see more mutual funds in Jamaica. The GraceKennedy Group expects to add calypso to reggae on the local investment landscape with its impending partnership with the Trinidad and Tobago Unit Trust Corporation, the largest operator and...
After two lean years, Caribbean tourism is recovering. As travel restrictions are removed, there is widespread optimism about the coming summer and winter season. Industry reports suggest that 2022 got off to a good start. The World Travel and...
You are the member of an executive suite who has battled the COVID-19 pandemic alongside your colleagues. As the world adjusts to accommodate the virus, it’s high time to look beyond the mere survival of your company. But surprise! Not everyone on...
Renewed uncertainty will weigh on stocks, according to the managers of the two Sagicor Select funds that track the performance of two sectors on the Jamaica Stock Exchange. “Things are getting better, but market fears still have a chokehold on the...
Jetcon Corporation’s planned rollout of an electric vehicle sales programme is being stalled, but not for want of cars to sell. The company says it has cars in-bond and is awaiting more from cargo shipments that are already under way. The hold-up...
Shareholders of iCreate Limited voted their approval on Friday of a plan to convert debt owed to two financial backers to common shares, which will free the training company of nearly $70 million in loans. Dequity Investment will end up with a 20...
Computer chip and software maker Broadcom will spend about US$61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. The proposed deal...
Sagicor Real Estates X Fund Limited, which holds real estate assets in tourism and warehousing, plans to buy commercial real estate with the US$58 million it received from the sale of Playa shares. Its targeting real estate in Jamaica and the...
In 2021, the big debate about the outlook for the global economy focused on whether the rising inflation in the United States and other advanced economies was transitory or persistent. Key central banks and most Wall Street researchers were on ‘...
