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Business

Published:Friday | October 8, 2021 | 12:10 AMHuntley Medley - Associate Business Editor

Barita Investments Limited appears to be cashing in on the ongoing property boom, building out its fledgling real estate investment business outside its core operations and utilising affiliated company MJR Real Estate Holdings Limited. The real...

Published:Friday | October 8, 2021 | 12:10 AM

Key Insurance Company wants to grow its third-party policies as it hunts for market share among the motoring public. “We have set our target on growing our third-party business, and we have shown significant growth in 2021 when compared to our...

Published:Friday | October 8, 2021 | 12:10 AM

THE EDITOR, Madam: I write in response to the story ‘S...

Published:Friday | October 8, 2021 | 12:09 AM

Transparency advocates are calling on Britain to tighten the country’s defences against money laundering and tax avoidance, after a massive leak of financial data showed how London is a key destination of choice for some of the world’s richest and...

Published:Friday | October 8, 2021 | 12:09 AM

Calls grew on Monday for an end to the financial secrecy that has allowed many of the world’s richest and most powerful people to hide their wealth from tax collectors. The outcry came after a report revealed the way that world leaders,...

Published:Friday | October 8, 2021 | 12:09 AM

A global investigation has revealed how the rich and powerful have being hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century. Collectively, these assets are worth trillions of...

Published:Friday | October 8, 2021 | 12:09 AM

After posting end-of-year 2020 profits of $48 million, but a half-year loss of nearly $18 million as of June 2021, general insurer IronRock is tempering expectations after falling short financially in year five of its start up. IronRock Insurance...

Published:Friday | October 8, 2021 | 12:09 AMHuntley Medley - Associate Business Editor

The central bank is pushing back at the critics of its decision last week to deliver on its August warning and to triple the rate-policy interest rates, effective September 30. When the central bank flexed its newly independent muscles last week,...

Published:Friday | October 8, 2021 | 12:09 AM

Technology company Amber Group has acquired a 75 per cent stake in an American cybersecurity firm, NightVizion, a subsidiary of the Vizius Group, a purchase that seems designed to plug some of the gap in security expertise at the Jamaican firm,...

Published:Thursday | October 7, 2021 | 12:06 AM

General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an...

Published:Wednesday | October 6, 2021 | 11:04 AM

ADVERTORIAL: MC SYSTEMS “The predictions of the future in sci-fi movies are rapidly becoming today’s reality, as we engender reliance on Artificial Intelligence (AI) and machine learning solutions. This allows businesses to carry out tasks and...

Published:Wednesday | October 6, 2021 | 12:06 AM

The head of the International Monetary Fund says the agency is trimming its forecast for global growth this year. IMF Managing Director Kristalina Georgieva on Tuesday cited rising risks from inflation, debt and a divergence in growth prospects...

Published:Wednesday | October 6, 2021 | 12:06 AMHuntley Medley/Associate Business Editor

Amid output recovery in the June quarter and quick on the heels of the central bank’s rate hike, ratings agency Standard & Poor’s Global 

Published:Wednesday | October 6, 2021 | 12:06 AM

The recovery from a fire at the Jamalco alumina plant will cost nearly $3 billion in local currency, initially, just to get it back to half capacity by next June, according to majority owner Noble Group. In late August the alumina plant was...

Published:Wednesday | October 6, 2021 | 12:06 AM

FirstAngels Jamaica and the country’s top commercial bank have joined forces on a virtual business incubator called RevUp Caribbean that’s targeting 80 entrepreneurs and founders of start-ups and high-growth potential businesses. It’s expected that...

Published:Wednesday | October 6, 2021 | 12:06 AMKarena Bennett/ - Business Reporter

Lasco Financial Services has formed an alliance with a fourth remittance service provider, Boss Revolution, in a move to grow volume transactions and stabilise revenue that the company says it could lose as online transaction fees get cheaper....

Published:Wednesday | October 6, 2021 | 12:06 AM

VMIL raises $2.5b for new investments Victoria Mutual Wealth Management Limited has raised $2.5 billion on behalf of parent company Victoria Mutual Investments Limited to fund its investments in small and medium businesses, and other assets. The...

Published:Tuesday | October 5, 2021 | 10:28 AM

The International Monetary Fund said Monday its board of directors has been briefed by attorneys from the law firm whose investigation found that current IMF Managing Director Kristalina Georgieva and other officials pressured World Bank employees...

Published:Tuesday | October 5, 2021 | 12:07 AM

United States President Joe Biden on Monday told Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit on their own, hoping to keep the US government from coming dangerously close to a credit default as...

Published:Saturday | October 2, 2021 | 12:10 AMHuntley Medley - Associate Business Editor

The 14.2 per cent rate of expansion in the Jamaican economy for the April to June quarter this year, as announced by the Statistical Institute of Jamaica, is being hailed by the Government as a significant achievement in the context of major shocks...

Published:Saturday | October 2, 2021 | 12:09 AM

It is no exaggeration to say that education has made the Caribbean what it is today. From rebellion, through emancipation, to the creation of unions and political parties, in revolution and the thirst for independence, education has been the common...

Published:Saturday | October 2, 2021 | 12:09 AM

An engaged staff full of bright ideas? This is clearly an aspiration for most leaders. But what happens when employees, armed with a dose of courage, create more noise than anything else? What should organisations do when people pick up the habit...

Published:Saturday | October 2, 2021 | 12:09 AM

QUESTION: I am interested in investments. I need to know the amount of cash one needs to have to start and the various aspects of investment. – Angella FINANCIAL ADVISER: To invest is to acquire an asset expecting to make a return in the form of...

Published:Saturday | October 2, 2021 | 12:08 AM

Big up Finance...

Published:Saturday | October 2, 2021 | 12:08 AMSteven Jackson - Business Reporter

Rock Mobile plans to invest US$90 million ($13 billion) over the next few years to build out a network of full-fledged telecom services that will go up against heavy hitters Digicel and Flow Jamaica for market share, but does not intend to...

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