GameStop raised more than US$1 billion in its latest stock sale, capitalising on a newly arrived and fervent army of online investors. The video game retailer has taken centre stage among a handful of companies that have come to be known this year...
The Bahamas government says the tourism industry is showing signs of recovery from the COVID-19 pandemic, having issued nearly 300,000 Bahamas Travel Health Visas to visitors seeking entry over the first five months of this year. Tourism and...
Outsourcing Management Limited, which now trades as itel, is adding a new customer contact centre to its network, which will serve to grow its workforce by one-third. The company, which rebranded earlier this month from itelBPO to itel, is...
Two months of sharply rising prices have raised concerns that record-high government financial aid and the United States Federal Reserve’s ultra-low interest rate policies – when the economy is already surging – have elevated the risk of...
Lasco Financial Services Limited, or LasFin, came roaring back this fiscal year, growing its earnings nearly fourfold amid the pandemic and wiping clean the rare loss it booked the previous year. And not only did the company headed by Jacinth Hall-...
Six months into the job as CEO, Gia Abraham is focused on a three-pronged strategy for air conditioning company, CAC 2000 Limited, centred on diversification, operational improvements and people development. She has taken over from her husband...
Air travel can be difficult in the best of times, with cramped planes, screaming babies, flight delays and short tempers. Throw in a pandemic, and the anxiety level can rise quickly. That has led to confrontations with flight attendants and other...
After the 2008 global financial crisis, governments and central banks in advanced economies vowed that they would never again let the banking system hold policy hostage, let alone threaten economic and social well-being. Thirteen years later, they...
The World Health Organization is in talks to create the first-ever technology transfer hub for coronavirus vaccines in South Africa, a move to boost supply to the continent that’s desperately in need of COVID-19 shots, the head of the United...
With tourists flocking to distilleries, concerns about a pandemic hangover for Kentucky’s world-famous bourbon industry are quickly evaporating. A US$19 million tourist centre that Heaven Hill Distillery opened just days ago in the heart of the...
This week, the disruptive American technology firm Uber careened on to the local public transportation scene, burning a trail of excitement about lower fares and controversy around fair competition and respect for and adherence to transport sector...
QUESTION: In 2019, I took out a credit card and always paid my bills on the due date. When COVID-19 came about, I had to use the card to help with getting food supplies for my household. I was then out of a job when my workplace was closed....
Newspaper dog-bites-man, or dog-bites-woman, stories always get my attention. This is because I was once the victim of an attack by a Rottweiler. I was walking on a public road one Saturday morning, minding my own business, when the dog jumped...
Construction, which is captured as a goods-producing sector in the counting of national output, was a star in the real economy last year. But real estate, which is classified as a service, was unable to match it. Although the number of real estate...
Rock Mobile, the newly crowned third mobile operator, continues to keep a low profile while it prepares to launch. The company will seek to offer services to underserved communities, providing faster Internet connections, based on the bid it won. “...
In less than three months, El Salvador intends becoming the first country in the world to make bitcoin its official currency alongside the US dollar. President Nayib Bukele, a populist and media-savvy disruptor, says his decision will generate...
Pharmaceutical distributor Indies Pharma Jamaica Limited is reporting progress on the development of two new drugs earmarked for the United States market and says it has worked out kinks in its supplies as it looks to reverse the declines in profit...
A panel of digital experts brought together by the PSOJ Economic Policy Committee is pushing for a reduction in the general consumption tax, GCT, for transactions done electronically, saying it would provide an incentive for consumer migration to...
Scotch single-malt whisky makers breathed a sigh of relief on Thursday after the United States agreed to suspend tariffs on one of Scotland’s main exports following the resolution of a long-standing trade row between the US and the European Union...
Sagicor Group Jamaica Limited, SGJ, is putting up US$100 million ($15 billion) for a large stake in the LNG power plant that fuels the Jamalco refinery at Halse Hall in Clarendon and is owned by natural gas infrastructure developer and operator New...
Historic, game-changing, revolutionary: such has been the widespread reaction to the recent agreement by G7 finance ministers on a global minimum effective tax rate of “at least” 15 per cent for large multinational firms. The ministers also agreed...
Small lender ISP Finance Services is on the hunt for businesses that are complementary to its microfinance operation in an aggressive push to grow the company’s loan portfolio. Since its listing on the Jamaica Stock Exchange five years ago, ISP...
Construction materials company Arc Systems Limited, which was placed in receivership in May, has filed an appeal against the decision and also asked the Court of Appeal to issue a stay on its execution, pending the determination of the case. The...
General Motors will raise its spending on electric and autonomous vehicles and add two United States battery factories as it gambles that consumers will eagerly switch from gasolene to the new technology. The announcements Wednesday came as cross-...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Wednesday with an advance/decline ratio of 30/52. The index moved up by 1,147.65 points or 0.27 per cent to close at 429,845.24. The JSE Main Market Index advanced by 1,596.37 points...
