If a Jamaican citizen were to develop adverse reactions to a COVID-19 vaccine, would he, or she, be able to initiate a lawsuit against the vaccine manufacturer Why will the government have to develop and execute an indemnity agreement to protect...
QUESTION: I am in need of your help in starting a business for myself, which includes working from home. I am interested in doing local tours here in Jamaica, where the tourists that come here will always want to come back. I am HEART Trust-...
From Russia to Singapore, nations around the world are considering providing citizens who have been vaccinated against COVID-19 with digital immunity certificates for domestic and international use. Their principal objective is to stimulate...
Barita Investments Limited announced that it now owns 20 per cent of Derrimon Trading Company Limited, a stake valued at $2.3 billion at present market value. Barita now holds the second largest position in Derrimon, behind founder Derrick...
QUESTION: I am very poor at doing math, so I need your help. If I put $1 million in repos at 4 per cent for 30 days, how much would I get in interest payment at maturity? Also, what are the different terms of repos? Can I just go to a financial...
National Commercial Bank Jamaica Limited, NCB, has won an appeal against a former customer who had previously successfully sued the institution after unknowingly investing in an unregulated scheme on the advice of her personal banker, and suffering...
At nearly a century old and within the context of a raging pandemic, GraceKennedy Limited improved its earnings by nearly $2 billion last year, in what the company says has been its best financial performance in history. The food and financial...
The Jamaica Stock Exchange (JSE) Combined Index closed Friday on a winning note. The moderate trading session ended with an advance/decline ratio of 42/34. The JSE Combined Index advanced by 1,962.46 points or 0.50 per cent to close at 394,384.78...
C oinbase has filed papers with United States regulators to become a publicly traded company as digital currencies continue to march towards mainstream acceptance. The digital currency exchange is seeking a direct listing, which would allow...
A New York prosecutor has obtained copies of Donald Trump’s tax records after the Supreme Court this week rejected the former president’s last-ditch effort to prevent them from being handed over. The Manhattan District Attorney’s office enforced a...
P roducers of rum in the Caribbean subgrouping of the African, Caribbean and Pacific region on the one hand, and French Caribbean rum makers on the other, are looking to a new era of collaboration to drive sales in the European market. The...
A uto dealer Key Motors Limited has been granted a months-long stay of execution of judgments against it that emanated from arbitration proceedings in South Korea over debt owed to Hyundai Motor Company. The Court of Appeal granted the stay on...
At over 65 years old and with commerce going through a transition, Jamaica’s trade law is due for a makeover and the Ministry of Industry, Investment and Commerce, MIIC, has begun the search for a consultant to lead the review. Bidding on the...
Class action lawsuits were filed in Nevada against 10 major auto insurance companies on Tuesday, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and crashes. The...
B ank of Jamaica, BOJ, and other overseers of the financial sector, it appears, will have to recruit staff at a lower scale than they desire, for at least another year, or otherwise delay new hires in circumstances where salary offers are not...
Come April, Wigton Windfarm Limited will transition to a new and lower rate for the wind power it sells to JPS, under one of its contracts, putting further pressure on revenues that have so far remained flat under the pandemic. The new rate will...
Located in the northeastern rump of South America, Suriname is one of the three countries known as the Guianas. The other two are Guyana and French Guiana. Guyana was originally known as British Guiana, and Suriname was Dutch Guiana. In reality,...
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday marginally regaining lost ground. The slow trading session ended with an advance/decline ratio of 39/39. The JSE Combined Index advanced by 27.57 points or 0.01 per cent to close at...
United States Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached. Powell also warned that...
ADVERTORIAL: MC SYSTEMS With the adoption of more digital channels, experts in technology and the business sector are of the view that more businesses and persons will be forced to enter the formal economy. “The coronavirus pandemic has pushed...
Published:Wednesday | February 24, 2021 | 12:23 AM
Puerto Rico’s governor announced Tuesday that a federal control board reached a key deal that would reduce the United States territory’s overall debt by nearly 80 per cent, but that his administration is rejecting it because it would require cuts...
Published:Wednesday | February 24, 2021 | 12:21 AM
The Jamaican economy contracted by 9.4 per cent in the December quarter, dragged down by the services sector. While the goods sector declined by a marginal 0.6 per cent, services shrank by 11.5 per cent in the October-December 2020 period, amid...
Published:Wednesday | February 24, 2021 | 12:19 AM
The 32nd intersessional meeting of the heads of Caricom governments ends today, February 24. This regular meeting will allow regional leaders to further collaborate and discuss a plethora of topics, namely the COVID-19 vaccine distribution, CSME...
For months, Jamaican manufacturers watched as non-biodegradable plastics entered the market and grew in volume, even while they were still counting the cost of the ban on single-use plastic packaging and styrofoam containers. They had ceded space...
