ExxonMobil said on Wednesday that it made two additional oil discoveries off the coast of Guyana as the South American country prepares to become the world’s newest major oil producer. The discoveries occurred in an area where officials believe...
COVID-19 infections are rising across Mexico, especially in two states, home to major tourism destinations on the Caribbean Sea and Pacific Ocean that were busy during the holiday season. According to data from the federal government, Quintana Roo...
Despite dips and disruptions from new variants of COVID-19, year 2021 turned out to be a relatively positive year for economies and markets in most parts of the world. Growth rose above its potential after the severe recession of 2020, and...
SSL Venture Capital Jamaica Limited, which trades as SSL Ventures, has offloaded its remaining 30 per cent interest in Bluedot Data Intelligence for US$99,000 to Larren Peart, ending a three-year investment in the data marketing company. At that...
Exports of Jamaica’s St Julian and East Indian mangoes are expected to double in quantity for the 2022 crop, as more exporters answer the call from the Ministry of Agriculture to fill the growing demand for the luscious fruit in international...
The competition among United States automakers for a still-small pool of consumers seeking electric vehicles is quickly intensifying. General Motors, normally the top-selling US automaker, officially unveiled the Chevrolet Silverado EV on...
Large brokerage NCB Capital Markets Limited reduced its price target for Caribbean Cement Company shares by 25 per cent, as the company moved to implement royalty fee payments to ultimate parent Cemex, with effect from January 1, 2022. NCB Capital...
Following the oversubscription of the initial public offer (IPO) of shares in food manufacturer Spur Tree Spices, the allocation of shares for the general public will be limited. In a just-issued final basis of allotment bulletin, Spur Tree says...
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday clawing back recent losses. Moderate trading ended with an advance/decline ratio of 37/40. The JSE Combined Index advanced by 1,764.44 points or 0.44 per cent to close at 405,500.43....
New vehicle sales in the United States rebounded slightly last year from 2020’s dismal numbers but were still about two million below the years before the coronavirus pandemic. The reason? Although there are plenty of customers who want to buy new...
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday clawing back recent losses. Slow to moderate trading ended with an advance/decline ratio of 43/33. The JSE Combined Index advanced by 2,459.50 points or 0.61 per cent to close at 403...
Investment company Cornerstone must change its holding company arrangements to conform with the law governing the regulation of its licensed deposit-taking subsidiary Cornerstone Merchant Bank, CMB, by the Bank of Jamaica. Jamaica-registered...
On GivingTuesday, officials at New Jersey-based healthcare charity Sostento learned they would receive a donation of roughly US$58,000. The donation was unlike any the non-profit had received before. It was derived from the proceeds of the sale of...
Cruise ship activity has been temporarily suspended along Brazil’s shores until January 21 due to the spread of the coronavirus’ omicron variant, according to a statement the federal government published Monday night. The decision came after a...
Over the Christmas holiday, I caught up with my sister Yvonne who lives in Oakville, a Canadian city in the Toronto metropolitan area. Oakville has a population of 223,000, which means that, with Canada’s per capita GDP of US$43,000, its GDP is...
Staatsolie of Suriname estimates that its gross revenues for last year is in the vicinity of US$400 million, nearly half of which will be paid to the government in taxes, dividends and royalties. That’s up from 2020 when the state-owned company...
The Central Bank of Barbados, CBB, has introduced a foreign exchange platform that allows a person to apply for funds to be remitted abroad. The new system, CBB Forex Online, is designed to “create a more efficient exchange controls platform that...
This month, the world’s major central banks shifted gears and announced plans to tighten monetary policy. But there was one notable exception: the European Central Bank, ECB, which says it does not intend to raise interest rates in 2022, even...
The Development Bank of Jamaica, DBJ, is seeking investors to partner on two equity funds that will finance small business or SME ventures and projects. A third of the $6 billion targeted for investment by the funds will be provided by the...
Jamaica is seeking aviation consultants to produce a 40-year master plan and business case for the Vernamfield aerodrome, which has the longest runway on the island. The Airports Authority of Jamaica, AAJ, which regulates airports and aerodromes,...
Is anyone going to CES this year? A long-simmering question in the tech world will finally get its answer as the influential gadget show returns to the Las Vegas Strip after a hiatus caused by the COVID-19 pandemic. “We know it will be a smaller...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday with a marginal reversal of recent gains. Active trading ended with an advance/decline ratio of 44/46. The JSE Combined Index declined by 3,967.58 points or 0.96 per cent to close at...
The Jamaica Stock Exchange (JSE) Combined Index closed Monday on a winning note, advancing marginally. The moderate trading ended with an advance/decline ratio of 49/33. The JSE Combined Index advanced by 4,113.84 points or 1.03 per cent to close...
Student housing developer and operator 138 Student Living Jamaica, 138SL has agreed new terms with the University of the West Indies, Mona, details of which will be published in the company’s upcoming annual report. After months of negotiations,...
