Kevin Frith has reacquired the assets of Bar Central Limited, a company he founded and later sold majority interest to SSL Venture Capital Jamaica. Two years after the takeover, the fallout in the alcohol trade resulting from the coronavirus...
A new bond being issued by Pulse Investments Limited is expected to raise $1.1 billion for the modelling and hospitality company and thereafter, will be listed on the Jamaica Stock Exchange, JSE. The bond will have a seven-year tenure and is being...
Row after row of gleaming new greenhouses are rising on fields just a short walk from the land where the family of Zonia Amparo Vásquez has grown corn and beans for four decades. Construction began in January, but it wasn’t until June when locals...
The Jamaica Stock Exchange (JSE) Combined Index declined on Thursday with an advance/decline ratio of 29/53. The index moved down by 2,238.13 points or 0.54 per cent to close at 410,639.89. The JSE Main Market Index declined by 2,069.01 points or 0...
A resort in the famed tourist mecca of Waikiki will be the first in Hawaii to require proof of COVID-19 vaccination for all employees and guests. Starting on October 15, Alohilani Resort will require its employees, patrons and guests to show proof...
The Jamaica Stock Exchange (JSE) combined index declined on Wednesday with an advance/decline ratio of 37/39. The index moved down by 1,425.13 points or 0.34 per cent to close at 412,878.02. The JSE Main Market Index declined by 1,512.01 points or...
Proven Investments Limited, PIL, announced to the market on Monday that it has sold its 20 per cent stake in Dream Entertainment, a business that has attracted some controversy following the recent staging of its signature annual event, the Dream...
Published:Wednesday | September 8, 2021 | 12:06 AM
El Salvador became the first country to adopt bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele informed that the digital wallet used for transactions was not functioning. For part of the...
Published:Wednesday | September 8, 2021 | 12:06 AM
The country remains in the midst of the COVID-19 pandemic, and with Jamaica having the lowest vaccination rate in the region, save for Haiti, Jamaicans are more vulnerable than most to the new Delta variant of the virus. The epidemiologists tell...
Published:Wednesday | September 8, 2021 | 12:06 AM
China’s import and export growth accelerated in August despite disruptions due to the spread of the coronavirus’ delta variant. Exports rose 25.6 per cent over a year earlier to US$294.3 billion, up from July’s 18.9 per cent growth, customs data...
Published:Wednesday | September 8, 2021 | 12:06 AM
Jamaica Producers Group Limited, JP, has acquired a 50 per cent stake in Co-Beverage Labs, CBL, a juice company based in Spain. The value of the transaction was not disclosed, but JP Managing Director Jeffrey Hall described the acquisition as “a...
With just weeks until phase three of the plastic ban becomes effective, juice manufacturers say they have stocked two to three months’ supply of paper straws to minimise the risk of global-supply chain disruptions amid concerns of limited...
Published:Wednesday | September 8, 2021 | 12:05 AM
iCreate Limited’s auditors have raised concerns about the company’s expanding deficits, in its newly released audited report for year ending December 2020, months after it was due. Although iCreate, operator of a training institute, narrowed its...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Tuesday with an advance/decline ratio of 42/30. The index moved up by 154.41 points or 0.04 per cent to close at 414,303.15. The JSE Main Market Index declined by 135.29 points or 0.03 per...
French energy giant Total signed mega contracts with Iraq worth US$27 billion to develop oilfields, natural gas and a crucial water project that officials said on Monday will be key for the oil-rich country to maintain crude output. The deals were...
The Jamaica Stock Exchange (JSE) Combined Index declined on Monday with an advance/decline ratio of 36/40. The JSE Combined Index moved down by 596.91 points or 0.14 per cent to close at 414,148.74. The JSE Main Market Index declined by 311.57...
Activity in the property auction and private treaty market are at a low, due to leniency by mortgage lenders that have held back from confiscating the homes of debtors while the economy tries to recover from the COVID-19 pandemic, the Realtors...
As an up-and-coming leader in your company, do you need an administrative assistant? If you are adamant that you don’t, consider that it’s only a matter of time before your mind changes. The question is, do you know why this will take place? The...
America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring and the clearest sign to date that the Delta variant’s spread has discouraged some people from flying, shopping, and eating out. The...
Sauce and spice maker Spur Tree says there is no firm date yet for its intended stock market listing, but its management continues to consolidate the business and is building capacity to meet what it says is growing demand for its products in...
Productive Business Solutions Limited (PBS), which operates the Xerox franchise for the Caribbean and parts of Latin America, announced that it will acquire a third-party technology company branded as PBS Technology Group Limited (PBSTG) for cash...
First Rock Capital Holdings has secured US$10 million of debt financing from Sagicor Bank Jamaica for the Hambani Estates project, a 12-unit real estate development targeted at high-end buyers. The two-year construction loan, acquired through...
There are many life transitions – starting school, new job, marriage, birth of first child and death, for example. The change from one to the other can be smooth or chaotic and stressful, depending on how well we plan and prepare. We do not plan...
Some years ago, the then prime minister of Barbados, the late Owen Arthur, told me that unless regional leaders could agree on how to achieve economic parity between the Caribbean community’s member states, a viable Caricom Single Market and...
The auto industry has raced ahead on an electric wave with more manufacturers joining the race seemingly every day. The boating industry has sputtered far behind, bogged down by low-horsepower engines and batteries that take up nearly half the boat...
