United Airlines is making one of the largest orders ever for commercial airplanes in an aggressive bet that air travel will rebound strongly from the pandemic. United said on Tuesday that it will buy 200 Boeing Max jets and 70 planes from Europe’s...
The coronavirus already changed the way we work. Now it’s changing the physical space, too. Many companies are making adjustments to their offices to help employees feel safer as they return to in-person work, like improving air circulation systems...
The Jamaica Stock Exchange (JSE) Combined Index continued losing ground on Tuesday. The busy trading ended with an advance/decline ratio of 34/47. The JSE Combined Index declined by 5,497.66 points or1.29 per cent to close at 421,970.07. The...
Although General Motors will build Honda’s first two fully electric vehicles for North America, the Japanese automaker plans to change course and manufacture its own later this decade. Company officials say they’re developing their own EV...
The first cruise ship to board passengers at a United States port in 15 months was to sail on Saturday from the industry’s South Florida hub in a symbolic stride towards normalcy that will be watched closely by health experts as vaccines curb the...
The COVID-19 shock has hit Jamaica hard. A sudden stop in tourism generated a large economic contraction in fiscal year 2020-21. Economic output, or GDP, declined by about 10 per cent – the deepest recession for Jamaica. But this crisis has also...
In times past it was fashionable for corporate leaders to craft vision statements with commitments to be ‘No. 1’ and ‘world-class’. Lately, these have become less popular, with good reason. They are a sign of lacklustre thinking, which signals a...
Eighteen months after leaving Barita Investments Limited, Ian McNaughton is running another investment company, having tried his hand at independent consulting and nixing it in favour of a new corporate chair. Barita’s former managing director is...
Carnival Corp said it lost more than US$2 billion in its latest quarter as the company’s cruise lines remained mostly shut down by the pandemic, but it said bookings for next year are running ahead of the pace set in 2019. The cruise industry was a...
Can the Caribbean avoid being caught up in the accelerating East-West struggle for global influence? Is the region likely to find itself in a bidding war, ‘dancing to the rhythm of dollar diplomacy’, as Jamaica’s former prime minister, Bruce...
TransJamaican Highway Limited, TJH, will be adding new off ramps to link Highway 2000 to more communities in St Catherine as an incentive to new users of the toll road. One ramp will be constructed at Hartlands, allowing for entry and exit in the...
Last December, for the first time in a decade of data collated by the Bank of Jamaica, BOJ, remittance inflows to Jamaica topped US$300 million in one month. Then in March, a new record was set, with US$327.5 million of inflows, continuing the...
United States President Joe Biden announced on Thursday a hard-earned bipartisan agreement on a pared-down infrastructure plan that would make a start on his top legislative priority and validate his efforts to reach across the political aisle. He...
JN Small Business Loans has partnered with the EXIM Bank Jamaica on an MSME loan programme, called Reset, under which $675 million is available for distribution to productive sector entrepreneurs at an interest rate of 4.75 per cent, the second-...
F inancial conglomerate JMMB Group Limited is cash-rich coming out of the first year of the pandemic; deliberately so, according to CEO Keith Duncan and Chief Financial Officer Patrick Ellis. The group’s net profit rose 10 per cent from $7 billion...
Like everyone else, Latin America was ill prepared for the COVID-19 pandemic. The region’s health expenditures trail most of the world, with health spending accounting for 6.6 per cent of GDP. This was in contrast to the 8.8 per cent of GDP that...
The Jamaica Public Service Company system used to track power outages is vulnerable to cyberattacks, and needs to be upgraded, the power utility said in its annual filing for a tariff review of electricity rates. It’s one of several items on the...
N ot all businesses have been hammered by the pandemic. Citibank NA is reporting that its Jamaica business has so far come through the COVID-19 health crisis unscathed, and with growth in revenue and clientèle, even as Citi’s global operations...
The Jamaica Stock Exchange, JSE, is adding green bonds to its trading platform, but the first listing is at least a year away. JSE Group is working with the Green Climate Fund, GCF, to develop green bond listing standards and guidelines; after...
T he United States and Germany struggled on Wednesday to resolve a major dispute over a Russian gas pipeline, even as the Biden administration seeks to improve relations with Western Europe that had been strained during Donald Trump’s presidency...
T he top brass at GB Energy, the Dominican Republic-based company that operates Texaco gas stations, flew in for meetings at the top of the week as the company weighs plans to delay capital projects while the local economy recovers. General...
Once again, emerging markets are on the capital flows roller coaster – one no less dizzying for being so familiar. And once again, the highs and lows of financial market swings in these economies are mostly generated by external forces, not...
Warren Buffett resigned on Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders. The...
There is no letting up of the financial turbulence pummelling regional carrier Caribbean Airlines Limited, CAL, which this week reported continued financial haemorrhaging, with a first-quarter loss of TT$172.7 million (US$25.7 million). The loss is...
● JP plotting triple-growth strategy Jamaica Producers Group Limited wants to triple both its revenue and equity base, or net book value, over the next decade. CEO Jeffrey Hall, speaking at JP’s annual general meeting last Friday, said the...
