Business

Former Sagicor Investments CEO Kevin Donaldson has invested $94.5 million to take a 42 per cent take in tech company Powell Interactive, which operates the QuickCart online delivery business. It is the latest in a string of similar investments by...

Is there at least one staff member in your office whose lack of productivity has been exposed by COVID? Before the pandemic, you had a favourable opinion, in general, of the person’s performance, but once they began to work from home, their output...

Evergo Jamaica is roughly half-way through phase one of its electric vehicle charging station buildout, with the latest installation located at the Texaco Ironshore gas station in Montego Bay. Another at the Jamaica Inn resort in Ocho Rios, St Ann...

Bank of Jamaica, BOJ, has hiked its policy to 4.0 per cent, its fourth and most dramatic adjustment to date. Amid rising inflation that's running well beyond the bank's target range, BOJ on Friday increased the rate on overnight deposits held at...

JFP Limited, which makes furniture for retail stores and hotels, said it’s currently bidding for Hyatt hotel projects in the United States, as part of a wider effort to enter markets in the Americas, as a new source of revenue. It’s also...

Grocery shopping has become an increasingly costly and arduous struggle for many people in Cuba where the pandemic, inefficient production, government controls and US economic sanctions have aggravated an economic crisis. A drastic drop in crucial...

Dozens of beaches near Lima were deserted and thousands of fishermen remained without work Tuesday, one month after an oil spill at a refinery created what the United Nations called the worst ecological disaster in Peru’s recent history. Clean-up...

VM Pensions Management has formed an alliance with the Transport Operators Development Sustainable Services, TODSS, to serve as the official pension provider for transport operators in its network. The individual retirement scheme, which was...

The impasse between Russia and Ukraine could lead to higher prices, according to the Planning Institute of Jamaica, PIOJ. Western powers are viewing the build-up of Russian troops on sections of Ukraine’s border as a precursor to possible war and...

Although some supply shortages were anticipated as the global economy reopened after the COVID-19 lockdowns, they have proved more pervasive, and less transitory, than had been hoped. In a market economy that is governed, at least in part, by the...