On the same day that a new lottery operator entered its core market last week, gaming company Supreme Ventures Limited, SVL, inked a deal to purchase a 51 per cent controlling interest in microlender McKayla Financial Services, signalling SVL’s...
The Financial Services Commission, FSC, has warned the public against investing funds with Sprint Financial Services, saying the company owned and operated by CEO Christopher Barrett does not hold a securities licence. The company has operated as a...
QUESTION: I am a contributor to the National Housing Trust (NHT) and have never received a benefit and am keen to own my own home but prefer to buy one on the open market even if I have to do some repairs after acquiring it. Also, since I work in...
More than a decade has passed since the EU-Cariforum Economic Partnership Agreement, or EPA, was negotiated and signed. The free-trade agreement with the European Union marked the end of preferential arrangements for Caribbean commodity exports and...
Denmark has agreed to build an island in the North Sea that would gather and distribute electricity from wind-energy farms. The 210-billion kroner (US$34 billion) artificial island will be created about 80 kilometres (50 miles) off the country’s...
A prominent task force of Brazilian prosecutors was officially disbanded Wednesday, marking the symbolic end of an investigative unit initially praised for tackling impunity among the nation’s political and business elite but lately under fire for...
NCB Financial Group’s profits fell 34 per cent in the December quarter, which Deputy CEO and group head of finance Dennis Cohen attributed to a fall-off in asset prices and compressed margins as revenues slowed. NCB Financial shed nearly $2 billion...
The Jamaica Stock Exchange (JSE) Combined Index closed on Friday on a winning note. The moderate trading ended with an advance/decline ratio of 30/39. The JSE Combined Index declined by 1,178.67 points or 0.30 per cent to close at 389,342.47 The...
Central banks in the Caribbean, including the Bank of Jamaica, are silent, so far, on a statement this week by Canadian Imperial Bank of Commerce, CIBC, that the regional regulators have opposed its bid to sell two-thirds of its stake in subsidiary...
Jamaica’s first resident diplomat to India is making the case for the strategic importance of increased trade and investment flows between the two countries on the eve of his departure to take up the post of envoy in the second most populous...
The Bank of England opted against another monetary stimulus on Thursday amid rising optimism over the British economy’s prospects later this year in the wake of the rapid rollout of coronavirus vaccines. Though the British economy is shrinking...
United States President Joe Biden intends to nominate as his top envoy for Latin America a veteran African American diplomat who, while on a sensitive assignment in Zimbabwe, spoke out against police brutality in the US following the death of...
Supreme Court Justice David Batts has given himself nearly four months to decide whether to appoint a receiver to locate any assets and wind up Arc Systems Limited, after hearing final arguments o Wednesday in the years-long case brought by...
Blown off its pre-pandemic path to financial recovery, that so far has been elusive, regional carrier Caribbean Airlines Limited, CAL, is on the hunt for funds to keep itself in the air, a US$65-million loan taken out last year having proved...
The last four years marked a major shift in US policies. Washington’s attacks on the climate accords, international institutions and trade were a departure from the post-war spirit of multilateralism. Sometimes the desired outcomes were only...
JMMB Bank Jamaica has set aside one-fifth or $1 billion of a loan it recently signed off on with IDB Invest, as backing for small businesses led by women. JMMB’s agreement with IDB Invest, a member of the Inter-American Development Bank Group, is...
Signalling continued commitment to its most tumultuous market, Jamaica Broilers Group Limited, JBG, promoted a local from within as general manager, while continuing to plot the turnaround of its Haitian operation amid the pandemic and continuing...
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday, gaining ground. The moderate trading ended with an advance/decline ratio of 46/26. The JSE Combined Index declined by 1,213.84 points or 0.31 per cent to close at 388,163.80 The JSE...
German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment focused on zero-emission...
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday, losing ground. The moderate trading ended with an advance/decline ratio of 34/39. The JSE Combined Index declined by 1,478.58 points or 0.38 per cent to close at 386,949.96 The JSE...
Seeking investors to develop land at Plantain Garden River in eastern St Thomas, SCJ Holdings Limited has invited proposals in the form of business plans for medium to large-scale agro-processing ventures. The property has been divided into four...
Baywest Wellness Hospital has signed off on a US$338,000 ($50.3-million) purchase order with medical technology company TPT Global Tech Inc, for polymerase chain reaction, or PCR, testing equipment, PCR test kits, and a SaaS, or software as a...
Investment company QWI has declared a profit of $92 million, reversing a near-similar amount of losses from the year before, as it shrugged off some of the effects of the COVID market downturn. The turnaround also saw the company’s net asset value...
The United States economy is projected to grow at a robust 4.6 per cent annual rate this year, but employment isn’t expected to return to pre-pandemic levels until 2024, the US Congressional Budget Office, CBO, said Monday. The 10-year outlook said...
