Published:Wednesday | February 24, 2021 | 12:16 AM
Legislation to set up a recreational marijuana marketplace, decriminalise cannabis and loosen penalties for underage possession of the drug and alcohol was signed into law on Monday by New Jersey Governor Phil Murphy, more than three months after...
Published:Wednesday | February 24, 2021 | 12:16 AM
It seemed like a match made in finance heaven. In 2010, China, its economy roaring and state companies looking to expand globally, set its eyes on Latin America, a region starved of capital but rich in natural resources the Asian giant lacked. The...
Published:Wednesday | February 24, 2021 | 12:16 AM
The power plant under construction at ‘The Nest’ is costing US$16 million or $2.4 billion in local currency, utility company Jamaica Public Service Company, JPS, has said. The 10 Megawatt power plant, which will be fired by natural gas supplied by...
NCB Capital Markets Limited, the lead broker and arranger of the initial public offering of shares, or IPO, in petroleum marketing company Future Energy Source Company, which trades as Fesco, was still making edits to the prospectus on Tuesday,...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday losing ground marginally. The moderately active trading ended with an advance/decline ratio of 42/43. The JSE Combined Index declined by 35.74 points or 0.01 per cent to close at 392,...
Microsoft is teaming up with European publishers to push for a system to make big tech platforms pay for news, raising the stakes in the brewing battle led by Australia to get Google and Facebook to pay for journalism. The Seattle tech giant and...
The Bank of Jamaica (BOJ) continues to signal confidence in the country’s financial system, and its resilience throughout the ongoing health crisis, but is keeping watch on the health and strength of the loan books in the banking system. Large...
Toshihiro Mibe, a research expert tapped president of Japanese automaker Honda on Friday, promised to steer the company towards new growth by focusing on ecological models and safety technology. Honda Motor Co said Mibe replaces Takahiro Hachigo...
Leaders of the Group of Seven economic powers promised on Friday to immunise the world’s neediest people against the coronavirus by giving money, and precious vaccine doses, to a vaccine-distribution effort backed by the United Nations. But the...
Uber drivers in the United Kingdom are entitled to benefits like paid holidays and minimum wage, the country’s top court ruled on Friday in a decision that threatens the company’s business model and holds broad implications for the gig economy. The...
A few days ago, the Nigerian-American economist, Dr Ngozi Okonjo-Iweala, was appointed to lead the 164-nation Geneva-based World Trade Organization, the WTO. Her tenure begins on March 1. As the first woman and the first African to hold the post of...
QUESTION: I read with much interest your column on preference and ordinary shares. It was very timely because I am thinking about removing an investment I have in repos at a financial institution and using the funds to purchase the preference...
The Disaster Risk Management Act, 2015, or DRMA, was signed into law by the governor general on February 19, 2015, without much fanfare. It replaced and repealed the Disaster Preparedness and Emergency Management Act of 1993. The DRMA is now...
Salada Foods Jamaica Limited suffered a more than one-fifth fall in revenue in the December quarter but still came out ahead in profit. Earnings rose 142 per cent to $13 million at the bottom line, which the coffee processing company is attributing...
Supreme Ventures Limited, SVL, expected its lottery ticket sales to dip at the entry of two new players this month. Instead, it is claiming that sales jumped since the entry of Mahoe Gaming Enterprises Limited and Goodwill Gaming Enterprises...
How can you manage your tasks in a way that allows you to escape being overwhelmed? There are certain invisible principles you need to use to stay on top of an expanding workload. When known, they dramatically change your career for the better....
Chairman of the Economic Programme Oversight Committee, Keith Duncan, is cautiously optimistic about Jamaica’s prospects for recovery in the near to medium term. The Government of Jamaica and the Bank of Jamaica are on track to meet quantitative...
Telecommunications provider Flow Jamaica has launched a new unit called Flow Business, aimed at selling more services to entrepreneurs and operators of small and medium-sized ventures. It features products such as broadband services with speeds...
In a shocking act of retaliation on Thursday, Facebook blocked Australians from sharing news, a milestone in the increasingly frantic jockeying between governments, media and powerful tech companies that one Australian minister called “an assault...
Finance Minister Nigel Clarke is questioning the effectiveness of the Government’s tax relief measures under the urban renewal incentive programme, which the leadership of two of the country’s main private-sector umbrella groups and some business...
Agricultural workers who have long sought compensation for contamination from a pesticide banned in France, but used in the country’s Caribbean islands of Martinique and Guadeloupe, have finally had a day in court after a nearly 15-year wait....
For the last 25 years, revolutions in communications and transportation technologies have allowed companies to create truly global value chains. Those processing raw materials were linked up with manufacturers of inputs and parts, which were in...
Bunkering company West Indies Petroleum Limited, WIPL, put out another short statement on Wednesday, implying that it was under scrutiny by the tax authority over duties, but was vague on the nature of the review. The statement implied the review...
Nigerian economist Ngozi Okonjo-Iweala was appointed on Monday to head the World Trade Organization, WTO, becoming the first woman and first African to take on the role amid rising protectionism and disagreement over how the body decides cases...
The Port Authority of Jamaica expects to commission the Kingston Logistics Park, KLP, by June, and is currently in what it calls the “tenant attraction” phase to entice clients to the facility. “KLP seeks to attract international, world-class...
