Business

Billy Joe ‘BJ’ Foster, a household name in the bauxite industry in Jamaica and around the world, is this year marking 50 years as a staffer and consultant in the sector. The Alabama-born chemical engineer, who has held line responsibilities and...

The Fair Trading Commission (FTC), in an expanded study published this month, found that commercial banks were at times twice as likely to charge customers for early repayment of loans, compared with other lending institutions. The banks, however,...

You may not own cryptocurrency or non-fungible tokens. You may not have a big Instagram following or run an online business. But if you do almost anything online, you probably have digital assets – electronic records that you own, control, or...

F or the second time in five years, Noranda Jamaica Bauxite, an operation of American company New Day Aluminum Holdings LLC, has changed ownership. Concord Resources Holdings Limited, a former minority shareholder in New Day Aluminum, which itself...

R eal estate investment trust Kingston Properties Limited, also known as KPREIT, is going green to cash in on the growing climate change consciousness. Of the 18 properties in its portfolio, Kingston Properties is retrofitting nine commercial...

Delta Air Lines reported its first quarterly profit since the pandemic devastated the airline industry more than a year ago, as hordes of vacation travellers and money from US taxpayers offset weak corporate and international travel. Delta said on...

Soapmaker Blue Power Group Limited is looking outside of Caricom for new markets, while aiming to beat its best-ever annual sales performance for year ending April 2021. The rise in sales, up 10 per cent to $534 million, is not surprising, despite...

Jamaica Broilers Group Limited, JBG, grew yearly earnings by 76 per cent to $2.4 billion, sufficient to recover the ground lost in 2020 during the pandemic, but the leading poultry producer’s profit performance was flat relative to 2019. Revenue...

In 1996, then President of the United States, Bill Clinton, proclaimed: “The era of big government is over.” But current President Joe Biden’s multitrillion-dollar spending plans are suggesting precisely the opposite. Behind the politicians stand...

● Barita wants more from the market Barita Investments Limited will soon be seeking shareholder approval for another fundraising drive. The board of directors will set a date for an extraordinary general meeting at their board meeting today,...

Logistical delays, material shortages and production problems have been pushing up hardware sector prices, but it’s had no discernible impact on demand for hardware items, according to sector operators. Like the wider construction market, hardware...