Business

Over the past 60 years, some development gaps across countries have narrowed impressively. But others have persisted. And one has widened, with ominous implications for the future. On the positive side, life expectancy in low-income countries has...

Fontana Limited, which operates the largest chain of pharmacies, thinks it can continue to adapt and grow earnings amid new variants of the coronavirus and related curfews. The key is to allow customers various methods to shop safely, said CEO Anne...

Jamaican manufacturers and exporters say they have seen at least a 20 per cent dip in earnings in the past month, due to the 'no movement' days, according to information released by the Jamaica Manufacturers and Exporters Association, which is...

A federal judge ordered Apple to dismantle part of the competitive barricade guarding its closely run app store, threatening one of the iPhone maker’s biggest moneymakers. Such a change could potentially also save app developers billions of dollars...

The preference share market is getting some much-needed oxygen with a few companies recently using it to raise new capital. There is much to learn about preference shares from these issues and from older issues. While no particular issue bears all...

Beverage company Wisynco Group Limited doubled its cash holdings in one year, from $3.6 billion to $7.2 billion, enough to part fund acquisitions when opportunities arise over the short term, Chairman William Mahfood has said. The additional cash...

Workers in Brazil’s biggest city unloaded an air fryer, a gaming chair and a 40-inch television from a truck and carried them into a small distribution centre where they’d soon be dispatched to nearby homes. Their speedy dispatch would be nothing...

A plan for a mixed-use development in New Kingston, called The Ascent, would become Jamaica’s tallest building, but how the developers are to executing the project is unknown. The concept involves a 26-storey edifice on lands at Oxford Road and...

Today’s column begins with a shout-out aimed at GK General Insurance. The company is now 40 years old. It marked this milestone with a supplement in this newspaper. Full disclosure: I have long been a fan of former GK General managing director and...

The Jamaica Manufacturers and Exporters Association, JMEA, is already in discussions with another air cargo carrier that would serve as the third preferred logistics solution company for its members, having recently struck a deal with Caribbean...

Scotia Group Jamaica, SGJ, the second-largest banking conglomerate, reported $2.8 billion in net profit for the July 2021 third quarter, or nearly double last year’s levels, but still down by one-third over 2019 pre-pandemic levels. “Recovery is...