The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 36/43. The index moved down by 905.18 points or 0.22 per cent to close at 417,938.06. The JSE Main Market Index declined by 308.45 points or...
Air travel is bouncing back, but some travel-related businesses are still in the throes of the adverse economic impacts of the ongoing COVID-19 pandemic. Airline logistics and support services company Flight Connections Limited, FCL, has gone to...
How to cope with the higher inflation sweeping the economy? For corporate America, the answer so far is simple: Raise prices. Companies are charging more for everything from diapers to auto parts, more than covering their own higher costs. They’ve...
Billionaire Warren Buffett’s company has again increased the size of its bet on grocery giant Kroger, while scaling back several of its healthcare industry investments. Berkshire Hathaway Inc said in a quarterly update with regulators on Monday...
As temperatures recently reached triple digits, farmer Joe Del Bosque inspected the almonds in his parched orchard in California’s agriculture-rich San Joaquin Valley, where a deepening drought threatens one of the state’s most profitable crops....
Toll road operator TransJamaican Highway Limited recorded increased traffic in June which surpassed pre-pandemic levels, due to the easing of COVID-19 restrictions at the time. The Jamaican Government has since tightened the restrictions again with...
138 Student Living Jamaica Limited, a provider of university student accommodations, is renegotiating the terms of the concession agreement it has with the Mona campus of The University of the West Indies, in the midst of wrapping up talks with...
Tiziano Terzani was no fan of Singapore. The Florentine writer and journalist explored every corner of Asia. He had witnessed the fall of Saigon to the People’s Army of Vietnam and the Viet Cong, and the fall of Phnom Penh to the Khmer Rouge. When...
Alumina refinery Jamalco says that it benefited from higher commodity prices during the first half of the year, which served to double its revenue, while losses were reduced to a tenth of previous levels. Despite signs of a rebound from the fallout...
SSL Venture Capital Jamaica Limited, which controlled 50 per cent of data insight firm Bluedot Data Intelligence Limited for two years before agreeing to sell back its stake to founder Larren Peart, says it’s still to be fully compensated for the...
The United States government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that...
The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 33/37. The index moved down by 234.59 points or 0.06 per cent to close at 418,843.24. The JSE Main Market Index declined by 762.92 points or 0.18...
China’s economic growth will soften this year due to summer flooding and anti-coronavirus controls, an official said on Monday, after consumer sales and other activity weakened in July. China’s economy still is in a “recovery trend” from last year’...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Monday with an advance/decline ratio of 38/41. The JSE Combined Index advanced by 438.07 points or 0.10 per cent to close at 419,077.83 The JSE Main Market Index advanced by 95.36 points...
Boutique investment company Sterling Investments Limited, SIL, is buoyed by a rebound in bond prices and resultant portfolio growth. Marian Ross, vice president for trading and investment at Sterling Asset Management, the company that manages the...
Airbnb said on Thursday that it narrowed its second-quarter loss to US$68 million and gave a bullish forecast for revenue, but the company warned that new variants of COVID-19 will make future bookings and cancellations harder to predict. Airbnb, a...
Preliminary government data released on Friday indicates that annual deforestation in Brazil’s Amazon may have surpassed 10,000 square kilometres (3,861 square miles) for the third straight year, continuing a worrisome jump since President Jair...
QUESTION: I am an aspiring entrepreneur, but financially and mentally, I am not ready to start a business yet. I have followed your column for a while now, and I learned from what you said when you wrote that being an entrepreneur takes great...
QUESTION: We are writing to inquire about obtaining a mortgage for a one-bedroom unit at a condominium in Montego Bay. We are both US citizens and residents. One of us had Jamaican parents. We also work in the USA. We would like to get pre-...
QUESTION: My nightmare began on April 14, 2021. A vehicle driven by a young woman ran off the road on to the sidewalk and crashed into my vehicle, which was parked in front of my house. Her brother, who was summoned, asked me not...
Jamaican Olympian sprinter Usain Bolt is investing in another real estate development at 30 Hope Road in Kingston that is to become a business process outsourcing centre. The property, encompassing 60,000 square feet of land, has been sitting idly...
The Jamaica Stock Exchange (JSE) Combined Index ended the week on a losing note at the close of trading on Friday. The bustling trading session ended with an advance/decline ratio of 27/40. The JSE Combined Index declined by 249.06 points or 0.06...
Minister of Finance Dr Nigel Clarke is bullish about the proposed central bank digital currency, CBDC, that is planned for roll-out around the start of the next financial year in April 2022, after a six-month pilot that is expected to get under...
Early in his career, economist Joseph E. Stiglitz had an extended stay in Kenya, where he was struck by various oddities in how the local economy operated. Sharecropping was one such anomaly: If farmers were required to surrender half of their...
