In June, the Summit of the Americas will take place in Los Angeles, California. By then the world will likely be a very different place. Sharper lines will have been drawn between the United States, its allies and Russia, as well as with Washington...
Although the membership of retirement schemes has surpassed that of superannuation funds, there seems to be much room for them to be embraced more by members of the employed labour force. Superannuation funds are sponsored by employers. Some are...
Can someone from outside your company create your organisation’s strategic plan? After all, if your future depends on the quality of this document, shouldn’t you hire an expert to do the job? At first glance, this makes sense, but as you contract...
Investment Week recently reported that almost half of the new, self-directed investors in the United Kingdom are not aware that losing money is a potential risk of investing, new research conducted for the Financial Conduct Authority, FCA, a non-...
Jamaican Teas has pushed back the expansion of the Bell Road factory in Kingston, amid prioritisation of other projects that are being financed from its internal holdings. Managing Director John Mahfood said the plans will not materialise before...
Enrvate Limited, a provider of energy-saving solutions, is seeking up to $36 million in funding to ramp up operations. The company was launched last year by partners auto battery supplier Tropical Battery Company and air conditioning company CAC...
KFC Jamaica has told consumers that they should brace for chicken shortage at select outlets amid a tightening of supply. In a social media post, KFC did not list the outlets where the shortage will exist. However, it said this...
Proven Investments Limited has wrapped up the acquisition of Fidelity Bank in Cayman for US$31.83 million, and plans to effectively double its return on investment by initially moving a chunk of cash to higher-yielding investments. Currently, the...
Entrepreneur Kadeen Mairs, head of microfinance firm Dolla Financial Services, is spearheading a new private equity outfit called Dequity Capital Management Limited, DCML, that has so far raised some US$8 million, or around $1.3 billion, and has...
Canadian company CGX Energy Inc and minority partner Frontera Energy Corporation have discovered oil at the Kawa-1 well in the Corentyne Block offshore Guyana. “Initial results from the Kawa-1 well are positive and reinforce CGX and Frontera’s...
General insurance company IronRock is reporting its most profitable quarter in its six years of operation, with earnings rising by ten per cent to $68 million. Managing Director Evan Thwaites says the increase was mainly driven by profit...
The Caribbean Development Bank, CDB, is devising a financing programme that’s meant to assist with the rescue, recovery and repositioning of member countries for long-term growth beyond the pandemic. The so-called ‘financing ecosystem’ will...
An Iran-flagged supertanker carrying more than two million barrels of condensate has docked at a Venezuelan port, with both countries facing US sanctions, according to analysts and satellite images analysed by The Associated Press. The arrival of...
Mexico’s president said on Wednesday he will create a state-owned company to mine lithium, and appeared to suggest he will seek to cancel one of the few existing permits held by a Chinese company. President Andrés Manuel López Obrador had said in...
Active Home Centre, a retailer of construction finishing materials and furniture, has opened a second retail store in Montego Bay. The expansion into another city comes nine years after Active Home Centre opened its flagship store at Constant...
Central bankers are not required to be great wordsmiths. The ability to craft elegant paragraphs is not normally in their job description. Until recently, many leading monetary policymakers operated on the ‘least said, soonest mended’ principle....
Palace Amusement Company is banking on a reinvigorated cinema market as movie producers signal a shift in distribution that reprioritises theatrical releases. The Jamaican cinema company is preparing for more attractive movies over the months of...
The Jamaica Stock Exchange (JSE) Combined Index closed on Thursday, losing ground marginally. The moderate to active trading session ended with an advance/decline ratio of 45/47. The JSE Combined Index declined by 476.12 points or 0.12 per cent, to...
The European Union on Wednesday proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing”. The green labelling system...
PROVEN Investments Limited is announcing the completion of its acquisition of 100% of the outstanding shares in Fidelity Bank (Cayman) Limited (FBC) effective February 1. PROVEN says the purchase was made from Fidelity Bank & Trust...
European Union nations often still tax and subsidise their energy sources in contradiction with their committed climate goals, and a majority spend more supporting fossil fuels than renewables. After reviewing carbon pricing measures, energy...
Uganda and a group of investors on Tuesday announced their decision to finally proceed with oil production following years of setbacks that threatened the East African country’s efforts to become an oil exporter. The China National Offshore Oil...
Tesla is recalling nearly 54,000 cars and SUVs because their ‘full self-driving’ or FSD software lets them roll through stop signs without coming to a complete halt. Recall documents posted Tuesday by United States safety regulators say that Tesla...
Electric vehicles driving in Detroit could increase their charge by using an in-road charging system by 2023, Michigan Governor Gretchen Whitmer’s office announced Tuesday. In 2021, Whitmer announced the state’s plan to build the first electric...
The Fair Trading Commission, FTC, which monitors competition, described the medical distribution market as expanding since the pandemic, while giving the nod to the acquisition of Cornwall Medical...
