Jamaicans are entering the digital art space through the minting or creation of what is called non-fungible tokens, or NFTs. Some, however, including galleries, are still cautiously observing the emerging trend surrounding the creation of art that...
QUESTION: I recently happened upon some cash, $500,000, and would like to invest it for my one-year-old son, in case anything happens to me. Can you say, given the current economic climate, where is the best place to put that money? — Maye...
Inflation is now on the front page of newspapers around the world – and for good reason. Prices of more and more goods and services are increasing in a manner not seen for decades. This inflationary spike, accompanied by actual and feared supply...
Environmental groups were cautiously optimistic about California Governor Gavin Newsom’s proposal to ban new oil and gas wells within 3,200 feet of schools and homes, but the oil industry and labour allies warned that the plan would raise...
Forbes contributor Edward Seagal reflected on the life of the retired American four-star general, Colin Powell, the former chairman of the Joint Chiefs of Staff, and the US Secretary of State, who died at age 84 on October 18. As many persons know...
The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 43/36. The JSE Combined Index declined by 2,277.12 points or 0.56 per cent to close at 403,988.89. The JSE Main Market Index declined by 2,627.64...
A plan by the University of the Commonwealth Caribbean, UCC, to develop a university town some six years ago is finally gaining traction, with the groundbreaking slated to take place on completion of UCC’s listing on the Jamaica Stock Exchange...
In its first significant action under a new director, the Consumer Financial Protection Bureau, is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. Apple Pay, Google Pay and other...
The Fair Trading Commission of Barbados, FTC, is hoping for new legislation that will allow it to give consumer protection authorities the ability to prosecute owners or promoters of pyramid-type schemes suspected of defrauding investors. FTC...
A mid the recovery of some jobs as the economy rebounds, consumer prices have been rising steadily, the most rapid pace so far occurring at the end of summer, which has served to push the headline inflation rate far beyond the target that Jamaica’...
I n the period leading up to the 2008 global financial crisis, a few prescient voices warned of potentially catastrophic systemic instability. In a famous 2005 speech, Raghuram G. Rajan explicitly cautioned that although structural and...
Kingston Properties Limited, or KPREIT, is adding small warehousing units to its portfolio of commercial properties. The real estate investment company says it is going for a brick-and-mortar set-up that will provide up to 30 storage units on a 1½-...
Knutsford Express, operator of a cross-country luxury bus service, generated cash from its operations within the quarter at more than seven times the pace a year ago. The company continues to recover from the fallout in the travel and tourism...
Power shortages are turning out street lights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertiliser, made using natural gas. And fears are...
Federal health officials are rethinking their approach to controlling salmonella in poultry plants in the hope of reducing the number of illnesses linked to the bacteria each year, and on Tuesday the US Department of Agriculture announced several...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday with an advance/decline ratio of 37/36. The JSE Combined Index advanced by 808.93 points or 0.20 per cent to close at 406,266.01. The JSE Main Market Index advanced by 802.24...
Bitcoin jumped to a record on Wednesday, topping US$66,000 for the first time, as it rides a wave of excitement about getting further accepted by the financial establishment. Bitcoin was trading at US$66,901.30, up 7.6 per cent, as of 10:52 a.m....
Norbrook Equity Partners and Jamaica Producers Group, JP, want to transform a newly acquired ice and water company in the Dominican Republic, DR, into a formidable food and drink business. Norbrook and JP announced on Friday the acquisition of the...
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly US$2.5 trillion, slightly more than the world’s most valuable company...
SprintRay, a US-based dental chain, plans to set up clinics in Jamaica under partnership with sport celebrity and investor Usain Bolt. Working through their respective charitable foundations, Bolt and the American company, which is described as a...
With the intention of changing the Montego Bay skyline to boast more modern high-rise residences to rival the real estate construction boom taking place in Kingston, businessman Manoj Ramchandani, who is based in the western city, has delivered on...
The Financial Sector Adjustment Company Limited, or Finsac, is renewing efforts to offload its 72 per cent shareholding in Ciboney Group Limited. Finsac – the government-created bailout agency used to take over distressed assets and rescue Jamaica’...
