Earlier this week, The Gleaner reported that Prime Minister Andrew Holness had expressed concerns regarding a shortage of skilled labour in the Jamaican marketplace and that the country may soon be forced to import skilled workers for the...
Dr Garth Rattray, a medical doctor with a family practice and newspaper contributor, authored a piece on April 11 about his experiences with, what he called, one of the popular health insurance providers. More generally, he also described health...
ATL Automotive, a distributor of multiple car brands, is getting more serious about the electric vehicle market. Ahead of a big expansion of the number of EVs dealerships in the group will offer to customers, the company is launching a site online...
Kingston Properties Limited, KPREIT, is investing US$16 million in properties that are under construction in Jamaica and The Cayman Islands, projects that underscore its diversification into ground-up real estate development. The structures are due...
Airlines have banned several thousand passengers since the pandemic started for refusing to wear masks. Now they want most of those passengers back. American, United and Delta have all indicated that they will lift the bans they imposed now that...
The boards of 1834 Investments Limited and Radio Jamaica Limited are announcing that they have entered into a Scheme Implementation Agreement which will lead to the amalgamation of both companies. The amalgamation will be done by way of a Court-...
The Jamaica Stock Exchange (JSE) Combined Index closed the week Friday on a winning note. The moderate trading session ended with an advance/decline ratio of 46/38. The JSE Combined Index advanced by 5,194.97 points or 1.27 per cent to close at...
Elon Musk says he has lined up US$46.5 billion in financing to buy Twitter, putting pressure on the social media platform’s board to negotiate a sale deal. Last week, Musk announced an offer to buy the social media company for US$54.20 per share,...
Jam-Dex, Jamaica’s newly minted central bank digital currency, or CBDC, ranked fourth among a group of 10 leading countries that are issuing CBDCs in retail form for use as money, according to a new report by PricewaterhouseCoopers. The report “...
Omar Brown, at 41 years old, says heading up Alliance Financial Services Limited, AFSL, which he has been doing since April 1, was never specifically in his plans. But heading up an organisation as chief executive officer certainly was. That’s why...
Shareholders of soapmaker Blue Power Group Limited will vote in two weeks on whether to expand the company’s board. It currently has eight seats filled by Kenneth Benjamin, Felice Campbell, Major Noel Dawes, Catherine Goodall, Jeffrey Hall, Peter...
Electrical products distributor and pipe manufacturer FosRich hopes to approach the market by August for a fresh round of equity funding. Its board will decide next week on whether to do an additional public offering of shares, APO, or a rights...
Oil prices are still flirting with US$100 per barrel, leading to more expensive petrol for motorists around the world. In Jamaica, gasolene prices are near or touching $200 per litre, but for Knutsford Express Limited, notwithstanding the expected...
The heads of the International Monetary Fund and the World Bank warned on Wednesday that rising interest rates are squeezing the world’s poorest countries as they struggle with the coronavirus and soaring food prices. There is “a huge build-up of...
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday reversing Wednesday's losses. The moderate trading session ended with an advance/decline ratio of 41/47. The JSE Combined Index advanced by 6,472.00 points or 1.60 per cent...
Elon Musk’s lawyer says a federal judge would trample on the Tesla CEO’s free speech rights if he ordered Musk to stop talking about 2018 tweets saying he had the funding to make Tesla a private company. In a court document filed Wednesday, lawyer...
Amid soaring prices for building materials and increased labour costs for workers, who had to be housed on-site amid the raging COVID-19 pandemic, businessman and real estate developer Manoj Ramchandani recently put on the market his maiden...
The Melrose Village and Yam Park in Manchester will officially relaunch under new management during the Jamaica 60 celebrations in August. The popular rest stop, famous for roasted yam, presently features 15 food and drink kiosks, 14 of which are...
The International Monetary Fund, IMF, on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies, and increasing...
Sprawled like a gigantic swimming pool atop a bluff overlooking Lake Michigan is an asphalt-and-clay pond holding enough water to produce electricity for 1.6 million households. It’s part of the Ludington Pumped Storage Plant, which uses simple...
Travellers shed their masks and cheered as pilots and conductors announced that a federal judge in Florida had struck down a national mask mandate on airplanes and mass transit. “Feel free to burn them at will,” a New Jersey conductor told...
Mexican President Andrés Manuel López Obrador failed to find enough votes to pass a constitutional reform limiting private and foreign firms in the electrical power industry, marking the first major legislative setback for the president. However,...
Authorities in Puerto Rico said Tuesday that an electronic toll collection system was the target of a cyberattack over the weekend, the latest such incident in recent years. The system, known as AutoExpreso, is run by a private operator called...
