Ford is forming a joint venture that will build two North American factories to make batteries for roughly 600,000 electric vehicles per year by the middle of this decade. The deal with battery maker SK Innovation of Korea, announced Thursday, sets...
Sygnus Credit Investments Limited, SCI, will be heading to the market again to raise capital, but this time it’s going after debt on the private market. The company, which recently raised fresh equity on the stock market through additional public...
In his recent address to the United States Congress, President Joe Biden warned that China is deadly serious about trying to become the world’s most significant power. But Biden also declared that autocrats will not win the future; America will....
Seprod Limited‘s profit faltered in the March quarter, a performance the company is blaming on shipping costs, and sick cows and flood rains that impacted operations at the Serge Island Dairies subsidiary. The manufacturing and distribution company...
Business economists have grown much more optimistic about the United States economy this year, with a majority predicting that increased vaccinations, stronger job gains and further government aid will accelerate growth to its fastest pace...
Apple CEO Tim Cook described the company’s ironclad control over its mobile app store as the best way to serve and protect iPhone users, but he faced tough questions about competition issues from a judge Friday about allegations he oversees an...
A mere month into its new independent status and with its core mandate being inflation control, a clause in the newly amended Bank of Jamaica (BOJ) Act has been triggered, requiring the central bank governor to provide the Government with an...
Although fuel sales by Future Energy Source Company Limited hit a new high above 49 million litres, reflecting nearly 10 per cent growth in volumes, its turnover was marginally lower by more than $80 million for year ending March 2021. The...
Will the decision by several United States-based cruise lines to home port in the Caribbean this summer become a permanent fixture, or is it just a temporary workaround? The widespread suspicion that it is the latter was succinctly voiced in one...
QUESTION: It has been over a year now since Jamaica locked down all entertainment, and I am at a total loss. From March last year ,it is only four proper events I have done, which was a party and some small weddings. My business is sound-system...
The General Assembly of the United Nations mandated the World Health Organization and the UN’s regional commissions to plan and host periodic UN Global Road Safety Week events. These ‘weeks’ have been held since 2007. The programme aims to advocate...
QUESTION: I am a recent graduate and just started my first job. I am interested in building my wealth, and as such, seek your help/advice in putting the best plan in place to accomplish my goals. – Beavers FINANCIAL ADVISER: For most first-time...
The planned return to business in mid-April did not materialise for cinema company Palace Amusement. The company, which just reported losses of $78 million in the third quarter ending March, is looking ahead to another disappointing period under...
Microlenders now have 14 months to put their affairs in order and register their businesses with the Bank of Jamaica (BOJ) under the Microcredit Act, which was passed in January. At least one entity representing the sector that is said to have $20...
Poultry prices are up due to higher commodity grain prices, says Jamaica Broilers Group President and CEO Christopher Levy. “We have seen a run-up in price of corn and soy to seven-year highs, and that’s a straight pass-through,” said Levy at the...
The Jamaica Stock Exchange (JSE) Combined Index closed Friday regaining lost ground. The heavy trading session ended with an advance/decline ratio of 41/39. The JSE Combined Index advanced by 2,538.81 points or 0.60 per cent to close at 426,614.24...
The European Parliament warned China on Thursday it won’t ratify a long-awaited business investment deal as long as sanctions against European Union legislators remain in place. EU lawmakers adopted a resolution in which they condemned “the...
The April employment report in the United States was completely unexpected, and it created a maelstrom of commentary. The number was expected to be strong, with analysts calling for the creation of one million new jobs. However, the number came in...
Brazil’s Federal Police on Wednesday carried out searches to investigate whether Environment Minister Ricardo Salles and other key figures within the ministry facilitated illegal timber exports to the United States and Europe. The Supreme Court...
The opening of the Rancho San Lucas Golf Club was a grand affair. Course architect Greg Norman, owner Francisco ‘Paco’ Bulnes and dignitaries from across Baja California were on hand to celebrate the spectacular course along the Pacific Ocean....
Jamaica’s coffee producers want to grow crop yields by 35 per cent over the next four years, and thereafter double production volumes to 500,000 boxes of beans by 2030, with the aim of capitalising on the growing market for specialty coffee. The...
The surge of COVID-19 cases and deaths in India shows that the pandemic is far from over. While most developing countries in Asia and Africa managed to keep their death tolls low over the past year, it is only a matter of time before the new, more...
US Federal Reserve officials at their April meeting reaffirmed the view that the central bank’s ultra-low interest rate remained the best policy approach, but some officials cautioned that some factors pushing inflation higher may not be resolved...
Zodiac Caribbean Ventures, the largest shareholder in gaming and lottery company Supreme Ventures Limited, is floating a US$8 million ($1.25 billion) bond in mid-June to refinance existing debt. “They have a bond which matures June 30 of this year...
A partnership is taking shape between the University of the West Indies and Bioprist that will see a section of the medical tourism resort complex the company is developing in Montego Bay becoming the home for the western Jamaica campus of the UWI...
