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Business

Published:Wednesday | November 24, 2021 | 12:08 AM

International hotel chains are looking to develop villa communities in Jamaica, reflecting an evolution in thinking regarding the travel market that is seen as starting to favour residential-style accommodation over impersonal hotel room settings...

Published:Wednesday | November 24, 2021 | 12:08 AMKarena Bennett/Business Reporter

Diana Blake-Bennett, the former head of coffee processing company Salada Foods Jamaica, has been recruited to head Jamaican Teas’ manufacturing division. Blake-Bennett’s appointment as CEO, which took effect on November 15, sees her taking control...

Published:Wednesday | November 24, 2021 | 12:07 AMKarena Bennett/Business Reporter

Food and financial services group GraceKennedy Limited will engage investment bankers about the potential listing of its foods business, GraceKennedy Foods, on an international stock exchange next year. Refreshed talks around the listing of the...

Published:Wednesday | November 24, 2021 | 12:07 AM

The administration of Mexican President Andrés Manuel López Obrador issued a broad decree Monday requiring all federal agencies to give automatic approval for any public works project the government deems to be “in the national interest” or to “...

Published:Wednesday | November 24, 2021 | 12:05 AM

Prime Minister of Antigua...

Published:Tuesday | November 23, 2021 | 5:11 PM

The Jamaica Stock Exchange (JSE) Combined Index continued the week on an upward climb on Tuesday, marginally up on moderate trading, with an advance/decline ratio of 36/39. The JSE Combined Index advanced by 681.62 points or 0.17 per cent to close...

Published:Tuesday | November 23, 2021 | 12:10 AM

President of the United States Joe Biden said Monday he is nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing his stewardship of the economy through a brutal pandemic recession in which the Fed’s ultra-low rate...

Published:Monday | November 22, 2021 | 4:46 PM

The Jamaica Stock Exchange (JSE) Combined Index began the week marginally up on slow to moderate trading, with an advance/decline ratio of 49/31. The JSE Combined Index advanced by 2,880.46 points or 0.74 per cent to close at 394,559.43. The JSE...

Published:Sunday | November 21, 2021 | 12:13 AM

Another week of Brexit negotiations still left the European Union awaiting a firm counterproposal from the United Kingdom on Friday to ease a stand-off over how to deal with the country’s departure from the bloc. Both sides are fighting over...

Published:Sunday | November 21, 2021 | 12:13 AMHuntley Medley - Associate Business Editor

With October’s inflation outturn of 8.5 per cent more than doubling since April this year when price increases undershot the six per cent upper limit of the inflation target range for a third consecutive month, the central bank is doubling down on...

Published:Sunday | November 21, 2021 | 12:11 AM

Last week, Jamaica joined over 100 countries around the world in celebrating Global Entrepreneurship Week 2021. The theme for several countries this year centred on rebuilding and rebooting in the wake of the global pandemic. However, the...

Published:Sunday | November 21, 2021 | 12:10 AM

Pooled investment funds include unit trusts, mutual funds, and funds used by securities dealers and insurance companies – as one of several options – to invest pension fund contributions. They combine the money of many to invest in a wide range of...

Published:Sunday | November 21, 2021 | 12:10 AM

When I sat down to write part one of this article during the last week of October, I had no clue that I would return to the subject. Weeks later, I was gratified to learn that there are more important ‘apostles’ around who believe in the doctrine...

Published:Sunday | November 21, 2021 | 12:09 AM

Renewable energy firm Soleco Limited has received planning approval to build out three renewable power plants for commercial entities. The projects are based in Freetown, Clarendon; Linstead, St Catherine; and Newport Crescent, Kingston. They...

Published:Sunday | November 21, 2021 | 12:08 AM

The major international airports in Jamaica earned US$75 million, the equivalent of over $11 billion, in combined revenue over the first nine months of this year. But while their performance was better than the peak pandemic year, the inflows for...

Published:Sunday | November 21, 2021 | 12:07 AMKarena Bennett - Business Reporter

Buoyed by the oversubscription for its Bessa resort vacation units, real estate and entertainment company KLE Group is on the hunt for a second development property in St Mary. KLE Chairman David Shirley said Thursday that the company has already...

Published:Sunday | November 21, 2021 | 12:06 AM

The United Nations Climate Change Conference in Glasgow, COP26, fell far short of what is needed for a safe planet, owing mainly to the same lack of trust that has burdened global climate negotiations for almost three decades. Developing countries...

Published:Friday | November 19, 2021 | 12:09 AM

Ford Motor Company is in talks with a computer chipmaker to shore up its semiconductor supplies and avoid a repeat of this year’s auto factory shutdowns caused by semiconductor shortages. Few details of the non-binding agreement with...

Published:Friday | November 19, 2021 | 12:09 AMHuntley Medley - Associate Business Editor

BCMG Insurance Brokers Limited is among the newest intermediaries in the Jamaican insurance marketplace, but the company, born of the July 1 merger of once-rival insurance brokers Billy Craig and MGI, has many years in the business, a formidable...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

Tropical Battery Company Limited will embark on a recycling programme for degraded electric vehicle and solar batteries in the first quarter of 2022, an initiative that Managing Director Alexander Melville deems as both financially viable and...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

JMMB Group Limited is setting up an alternative payments division through which it will expand remittance and banking services. It is awaiting regulatory approval from the Bank of Jamaica for the roll-out of several payment solutions and services...

Published:Friday | November 19, 2021 | 12:08 AM

Trinidad...

Published:Friday | November 19, 2021 | 12:08 AM

Caribbean Cement Company shareholders will indicate in three weeks on whether they approve of a plan to start paying royalties to ultimate parent, international construction company Cemex, for the use of its trademarks and other intellectual...

Published:Friday | November 19, 2021 | 12:08 AM

The past two years have thrown into sharp relief the structural injustices that underpin the global economy. As the COVID-19 pandemic drove an estimated 88-115 million people into extreme poverty, the world’s billionaires saw their wealth increase...

Published:Friday | November 19, 2021 | 12:08 AM

A fierce battle is being waged in Washington over US President Biden’s choice to lead a typically low-profile agency that oversees the banking industry. Saule Omarova, 55, was nominated in September to be the nation’s next comptroller of the...

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