Business

Agro-Investment Corporation, an agency of the Ministry of Agriculture...

Caribbean Cement Company Limited, the maker of Carib Cement, released earnings that showed the first signs of weakness since the onset of the pandemic last year March. The company, however, stated that the outlook remains strong ahead of its plant...

The proposed spin-off of the manufacturing arm of Jamaican Teas Limited, or JamTeas, should happen in time for listing on the main market of the Jamaica Stock Exchange by year end, Chairman John Jackson said Wednesday. The spin-off company, to be...

Private equity firm SSL Venture Capital Jamaica Limited, which trades as SSL Ventures, says its board continues to mull the future of the insolvent company, which earns money from its investments in other ventures. It plans to sell the rest of its...

H igh prices for trucks and SUVs helped General Motors post a US$2.4 billion third-quarter profit, but the income was 40 per cent lower than a year ago, due to short supplies of new vehicles because of a global computer chip shortage. The earnings...

On the heels of an endorsement of its portfolio company Barita Investments Limited by the Trinidad and Tobago finance minister, Colm Imbert, investment holding company Cornerstone is commenting for the first time on its relationship with...

The United Kingdom has experienced a series of shortages these past few months, from a lack of fuel at gas stations to not enough workers picking the fall harvest, but Treasury chief Rishi Sunak is unlikely to dwell on them when he delivers his...

The US$15 million ($2.3 billion) shot in the arm announced Tuesday is just what cannabis research and production outfit Medicanja needs to chart a direct course to growth, according to Chairman Dr Henry Lowe. The cannabis company is now being...

The economic recovery in the Eastern Caribbean Currency Union, ECCU, continues to be “hobbled” by new waves of the COVID-19 pandemic, which is also pressuring public finances, according to the subregion’s central bank. A communiqué issued following...

Jamaica’s top rum company J. Wray...

Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the United Stated Federal Reserve has signalled it...

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation’s increasing commitment to EV technology. The purchase by one of the...