Business

Rum and spirit sales in Jamaica for the brands owned by Campari Group grew to €50 million ($9.1 billion) over six months ending June, a double-digit spike whether compared to 2020 or even pre-pandemic levels in 2019. The spirits company based in...

Fontana Limited will spend $100 million on a new location in Portmore, St Catherine, which is to be commissioned by 2023. The pharmacy company will build “a brand new structure” spanning 20,000 square feet, Fontana CEO Anne Chang told the Financial...

Real estate investor First Rock Capital Holdings has raised $700 million from a bond placed last Friday, funds it will use to finance property deals in the region, including previously disclosed projects in Costa Rica, the Cayman Islands and Guyana...

Pharma distributor Medical Disposables and Supplies Limited, MDS, which is hunting market share in the home remedy and flavourings market segment, has struck a deal with P.A. Benjamin Manufacturing Company Limited as exclusive distributor of the...

The International Monetary Fund, IMF, is sharply upgrading its economic outlook this year for the world’s wealthy countries, especially the United States, as COVID-19 vaccinations help sustain solid rebounds from the pandemic recession. But the 190...

Bitcoin’s price surged again after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a “digital currency and blockchain product lead”. Bitcoin nearly US$40,000 per unit before settling closer to US$37,...

With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided US Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies. For now, the United...

How do you design an inspiring day’s work? Is it a matter of luck or chance? Or can it be engineered and turned on like a switch? Let’s begin by defining what your ‘ideal’ work day looks like. It probably doesn’t mean sitting in meetings dominated...

The editors of this newspaper should be heartily congratulated. The content that they publish appears customised for me. They are also timely and high-quality stuff. A recent article, ‘The rich world’s debt to islands like those in the Caribbean...

Indebted tourism attraction Mystic Mountain Limited, MML, has proposed to settle its $1.2 billion debt to bondholders on or before August 27 with what it says is a loan now being negotiated with an unnamed financial institution even as official...