Today’s article, even though it was conceived last November, is the by-product of a piece that I wrote in this newspaper 11 years ago titled ‘Many Dangers Lurking in Cyberspace – Managing the Threats’. As one of 28 people worldwide to hold the four...
Victoria Mutual Group, VM, is gunning for one million members by 2025, which would triple its current base, as part of a wider programme to transform and grow the 143-year-old institution and its markets. The group’s ambitions were laid out to...
The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 38/50. The index advanced by 1,040.94 points or 0.25 per cent to close at 424,190.62. The JSE Main Market Index advanced by 754.27 points or 0.18...
Gordon Baldie’s plan to build out a car parts remanufacturing and recycling operation in western Jamaica at a cost of just over US$18 million, or about $2.7 billion, won him the Jamaica Stock Exchange pitch competition in 2018. Since then, the...
GraceKennedy Financial Group Limited, GKFG, is in discussions with a business that for now is only being described as a “large operator in the Caribbean”, as a potential partner in Scotia Insurance Eastern Caribbean Limited, SIECL, a new...
The Marshall Plan was one of the most successful foreign-policy initiatives devised by the United States. It was a $12-billion programme meant to rebuild Europe following the devastation of World War II. Members of the Roosevelt administration...
Ford Motor Company expects 40 per cent of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them. The automaker said in a presentation for investors on Wednesday that it will add about US$...
American pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administration directive in response to the ransomware hack that disrupted gas supplies in several states this month. The United...
After the most severe global recession in decades, private and official forecasters are increasingly optimistic that world output will recover strongly this year and thereafter. But the coming expansion will be unevenly distributed, both across...
Victoria Mutual Investments Limited, VMIL, is awaiting guidance from financial regulators to determine whether it can provide an avenue for its clients to trade cryptocurrencies, which it views as an emerging asset class. Both the Bank of Jamaica...
The pandemic-induced shift towards digital transactions has resulted in a dramatic decline in the usage of cheque to pay for goods and services for the first two months of this year, to nearly half the levels of previous periods. The decline...
Jamaica dropped to third spot in the Playa group, having been overtaken by Dominican Republic in the first quarter of 2021. After disposing of two resorts in Jamaica amid the pandemic, revenue from that market for Playa Hotels...
The Jamaica Stock Exchange (JSE) Combined Index declined on Thursday with an advance/decline ratio of 42/38. The index declined by 511.96 points or 0.12 per cent to close at 423,149.68. The JSE Main Market Index declined by 184.88 points or 0.04...
Online shopping giant Amazon is buying MGM movie and TV studio with the hopes of filling its video streaming service with more stuff to watch. Amazon is paying US$8.45 billion for MGM, making it the company’s second-largest acquisition after it...
The Jamaica Stock Exchange (JSE) combined index declined on Wednesday with an advance/decline ratio of 38/43. The JSE Combined Index declined by 1,515.76 points or 0.36 per cent to close at 423,661.64. The JSE Main Market Index declined by 1,934.22...
Two financial backers have pumped funds into Khary Robinson’s investment holding company, Norbrook Equity Partners Limited, totalling US$17.5 million ($2.6 billion), which he will use to finance new acquisitions and expansion plans. Separately,...
Consolidated Bakeries Jamaica Limited, which trades as Purity Bakery, is back in a profitable position after posting losses for the last two quarters of 2020 and a full-year loss of more than $14 million. The baking company made a small profit of $...
A recent report on a study carried out by the Fair Trading Commission compared practices related to early repayment of loans across the financial sector. What the study found is that whereas some microfinance companies observed practices that are...
Approximately $210 billion in loan payments have been affected by extensions and moratoriums since last year, as the pandemic punched a hole in the economy and curtailed the ability of consumers and businesses to service bank debts. Loans on...
A Russian man was sentenced Monday to what amounted to time already served and will be deported after pleading guilty to trying to pay a Tesla employee US$500,000 to install computer malware at the company’s Nevada electric battery plant in a bid...
The judge who will decide a case challenging Apple’s stranglehold on its iPhone app store indicated on Monday she would like to promote more competition but without dismantling a commission system that reaps billions of dollars for the technology...
Social media influencers in France with hundreds of thousands of followers say a mysterious advertising agency offered to pay them if they agreed to smear Pfizer’s COVID-19 vaccine with negative fake stories. French YouTuber Léo Grasset was among...
Mexico said Monday it will buy Shell’s 50 per cent share in the jointly owned Deer Park refinery near Houston, Texas, for about US$600 million. The move comes as part of President Andrés Manuel López Obrador’s central policy to build, acquire or...
• First Rock Capital Holdings Limited is in the process of acquiring commercial property at Cross Roads, Kingston, measuring 13,303 square feet. “This will represent investment property for the company for lease income,” First Rock said in a market...
Coffee processor Salada Foods Jamaica Limited says it benefited from cheaper local coffee, having capitalised on the dip in demand and built-up inventory in the primary green bean market to grow profits fivefold year to date. The level of savings...
