Lakes Pen Agri-Ventures expects to start reaping vegetables by November, as the multibillion-dollar enterprise that businessman Gassan Azan and his partners are building continues to take shape. Around half of the crops is to be supplied to...
The prime minister issued instructions that the new Road Traffic Act should be implemented “no later than December this year,” as reported by The Daily Observer on July 9. This is, ostensibly, because road fatalities “have shot past 240”. Gun...
Lubricants company Paramount Trading is looking to household chemicals and manufacturing to ride out the pandemic. Paramount sells its chemicals to heavy or industrial-scale users, says CEO Hugh Graham, who in turn deal with institutions such as...
The Group of Twenty has become a pillar of multilateralism. Although the world has many high-level talk shops, the G20 represents the best kind, actively supporting global dialogue, debate, and, most importantly, economic problem-solving....
Moderna’s COVID-19 vaccine brought in more than US$4 billion in second-quarter sales, helping to push the vaccine developer into a profit. The company also said Thursday an analysis showed that its vaccine remains 93 per cent effective as much as...
Cuba’s hot spot for COVID-19 infections has shifted to the central province of Ciego de Avila, where officials are converting hotels into hospitals. Instead of tourists, the Hotel Ciego de Avila will hold up to 240 low-risk paediatric patients,...
Uber’s ride-hailing service is regaining the momentum that it lost during the pandemic, but it’s coming at a cost that’s raising more doubts about the company’s ability to make money. At the same time, Uber’s unprofitable delivery service is still...
Microfinance company Access Financial Services Limited, AFS, has closed some of the gap from the fallout in the early stages of the health crisis, but its first quarter earnings are still tracking below pre-pandemic levels. Access made net profit...
Veterinary doctors Graham and Katalin Brown have been providing healthcare and nutrition of the highest standard to animals in Jamaica for the past 30 years, driven by a passion and love for nursing our sick, injured, or malnourished furry,...
Liquidity is to the modern economy what lubricant is to a car engine. Provide enough of it, and things run smoothly; come up short, and the result is a red-hot, smoke-spewing mess. But whereas lubricating oil is easy to gauge, financial liquidity...
Toyota reported a record ¥897.8-billion (US$8.2-billion) profit for the fiscal first quarter on Wednesday, underlining the Japanese automaker’s resilience even amid the coronavirus pandemic. Toyota Motor Corp’s April-June profit zoomed more than...
Honda returned to profitability in April-June, recording a ¥222.5-billion (US$2-billion) profit, as better sales and cost cuts added to the Japanese automaker’s bottom line. Honda Motor Company had racked up a ¥80.8-billion loss in the same period...
Spirit Airlines cancelled more than half its schedule on Tuesday, and American Airlines struggled to recover from weekend storms at its Texas home, stranding thousands of passengers at the height of the summer travel season. By early evening,...
General Motors posted a healthy US$2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors. The Detroit automaker made the strong profit despite a global shortage of computer chips that have...
Cecil Foster originally projected it would take 14 months for his investment in PVC pipe manufacturing to pay off. But the level of demand has been greater than initially forecast, leading his FosRich Company Limited to ramp up capacity, including...
Sales at cigarette trader Carreras Limited have bounced back to pre-pandemic levels, but earnings still lag. The seller of the Matterhorn and Craven A brands, among others, made revenue of $3.43 billion over three months ending June, compared to $2...
The Carnival Mardi Gras docked Tuesday in Puerto Rico – the first time a cruise ship has visited the United States territory since the pandemic began. Some cautiously celebrated the arrival. It comes as Puerto Rico has reported an increase in...
Creditors of indebted Ocho Rios attraction Mystic Mountain are scheduled to meet today in a bid to change the trustee in bankruptcy named last month by Mystic Mountain Limited, MML, as part of a proposal to settle nearly US$14 million, or...
The governing body of the International Monetary Fund, IMF, has approved a US$650-billion expansion in the agency’s resources to support economically vulnerable countries battling the coronavirus pandemic and the economic downturn it has caused....
PepsiCo will sell Tropicana and other juices to a private equity firm in a US$3.3-billion deal. The New York drink and snack company will keep a 39 per cent non-controlling stake in a newly formed joint venture in the deal with PAI Partners. The...
The Jamaican film industry has taken a hit during the pandemic, registering a two-thirds decline, equating to $2 billion, in the value of the business generated from local and overseas films. The film sector was negatively affected by health...
Lasco Manufacturing Limited, LASM, is on the hunt for acquisitions or may be looking to strike strategic partnerships over the coming months under a refreshed plan by the company to grow earnings. After a decade focused on plant expansion and...
In March 2017, Bill Spence got suddenly, catastrophically sick. A part of his pancreas died. His gall bladder failed. When he got to the emergency room, the doctors found kidney cancer. Just a few weeks earlier, Spence had walked into the...
Cybin Inc, a Canadian listed company that teamed up with the Mona campus of The University of the West Indies, UWI, says it’s planning to spend millions to enter stage-two trials for the development of medicine made from psychedelic mushrooms. It’s...
BMW reported €4.8 billion (US$5.7 billion) in net profit in the second quarter, rounding out a strong earnings season for Germany’s three big automakers as global auto markets continue to recover from the pandemic – particularly when it comes to...
