Key Insurance Company made a million dollars in profit for the June quarter, but from non-core activity. The general insurer, which was taken over by the GraceKennedy group over a year ago, earned $22 million from investments and other income,...
More than 40 per cent of Venezuelan households receive some remittances from abroad, which last year were expected to reach US$4 billion, according to the consultancy firm Econoanalitica, based in Caracas. The money often flows through a network...
First Global Bank, FGB, has opened two more First Global Money Link outlets, bringing the network of banking agent locations to 13. The commercial bank owned by the GraceKennedy group says three more agent banking windows will be opened during...
The Jamaica Stock Exchange (JSE) Combined Index regained some lost ground at the close of trading on Thursday. The moderate trading session ended with an advance/decline ratio of 34/39. The JSE Combined Index advanced by 1,102.76 points or 0.26...
Southwest Airlines said on Wednesday that it no longer expects to turn a profit in the third quarter as a surge in COVID-19 infections fuelled by the highly contagious delta variant darkens the outlook for travel. The disclosure comes just three...
ADVERTORIAL: MC SYSTEMS With a redefining of the workspace, where remote working has become prominent in some organisations, a local payroll and fintech expert is projecting that there will be a greater need for businesses to automate, digitalise...
Two meetings of groups of creditors of indebted Ocho Rios attraction Mystic Mountain Limited, MML, held during the past week, have failed to resolve issues related to whether the beleaguered company will be declared bankrupt and its assets sold off...
One of the COVID-19 pandemic’s many complex legacies will be a high level of public-sector debt in most countries. This reflects governments’ increased spending to tackle the crisis, as well as the collapse of tax revenues as economies imploded in...
Cuba is seeing a surge in unauthorised migration to the United States, fuelled by an economic crisis exacerbated by the pandemic, increased American sanctions, and cutbacks in aid from its also-crisis-wracked Venezuelan ally. That has led to...
What does bitcoin have to do with roads and bridges? A lot right now in the United States Congress. One way lawmakers propose to pay for the US$1-trillion infrastructure bill the Senate approved on Tuesday is by imposing tax-reporting requirements...
Stationery and Office Supplies Limited, SOS, has ended its temporary halt on the production of student notebooks, or exercise books. The capacity had been reassigned to the production of around 20 per cent more ruled pads, quire notebooks and...
Cemex will be funding a US$30-million ($4.6 billion) upgrade of Caribbean Cement Company’s plant in Kingston, in 2022, to add 30 per cent more capacity at the Rockfort-based facility. “This we believe will be enough to comfortably supply all the...
Gamblers anxious to hit the slot machines and table games in person, after a year of coronavirus restrictions, are lifting the United States casino industry to its best year ever. But the great unknown is whether a new, more contagious variant of...
Power utility Jamaica Public Service Company, JPS, is exploring the development of three solar plants with combined capacity of 100 megawatts of power. JPS is now doing an initial resource assessment and “rapid” environmental impact assessment for...
The CEO of Nebraska’s largest recyclables processing company, Firstar Fiber, had his new patio built with ‘lumber’ derived from hard-to-recycle plastic waste like toothpaste tubes, candy wrappers and plastic foam containers. Now, Dale Gubbels’...
Lasco Financial Services Limited, or LasFin, grew earnings by 171 per cent to $74 million for the first quarter ending June, a performance it attributed to continuous growth in money services and incremental improvement in its microfinance arm. But...
The Jamaica Stock Exchange (JSE) Combined Index inched back up at the close of trading on Tuesday. The slow trading session ended with an advance/decline ratio of 37/40. The JSE Combined Index advanced by 131.93 points or 0.03 per cent to close at...
A federal judge has temporarily blocked a Florida law that prevents cruise lines from requiring passengers to prove they’re vaccinated against COVID-19, saying the law appears unconstitutional and won’t likely hold up in court. The ‘vaccine...
Two craft beer makers are in different stages of rolling out operations, including one led by a former head of Red Stripe Jamaica, the Financial Gleaner understands. But little is known of the two microbreweries, which are separately owned and...
The Bank of England indicated on Thursday that interest rates may be on the up soon as it painted a fairly rosy picture about the near-term prospects for the UK economy following the lifting of lockdown restrictions in the wake of the rapid roll-...
Qatar Airways said Thursday it grounded 13 Airbus A350s over what it described as fuselages “degrading at an accelerated rate” in the long-range aircraft, further escalating a monthslong dispute with the European airplane maker over the issue....
Game maker Eric Poses last year created The Worst-Case Scenario Card Game, making a wry reference to the way the coronavirus had upended normal life. He had no idea. In a twist that Poses never could have predicted, his game itself would become...
The National Insurance Scheme (NIS) is a compulsory contributory-funded sociaL-security scheme meant to cover all employed people in Jamaica. It is administered under the National Insurance Act and offers some financial protection to the worker...
Have you wondered if you’ll ever get to the point where your conflicts with new technology will be over? Consider the opposite: these challenges may never end, and, in fact, they shouldn’t. Some can remember what it was like to sit in a workshop to...
