The European economy shrank 0.7 per cent in the last three months of 2020 as businesses were hit by a new round of lockdowns aimed at containing a resurgence of the coronavirus pandemic. The drop from the previous quarter was not as sharp as...
A tsunami watcher’s job is thankless. If an earthquake hits Australia, or an underwater volcano erupts near Java, naval stations in Japan, Vietnam, the Philippines, New Zealand, and even far-away Peru and Chile go on alert. Residents of coastal...
Gordon Tewani, the developer of Portmore’s newest business process outsourcing facility, has secured a lease arrangement with American company Ibex for the three-storey edifice. The deal marks the fifth location for Ibex in Jamaica – two of which...
Breese McNab jumps from JMEA to PSOJ The Private Sector Organisation of Jamaica, PSOJ, hired Imega Breese McNab as executive director, ending her run at the Jamaica Manufacturers and Exporters Association, JMEA, after 15 years in a similar...
Last week, a social-media-fuelled populist rebellion gripped capital markets. Retail investors purchased huge amounts of stock in struggling companies like GameStop, AMC, and BlackBerry, among others. They wanted to make a buck. But, even more than...
European and North American cybercops have joined forces to disrupt what may be the world’s largest network for seeding malware infections, striking a major blow against criminal gangs that have been using it for years to install ransomware in...
An American billionaire who made a fortune in tech and fighter jets is buying an entire SpaceX flight and plans to take three “everyday” people with him to circle the globe this year. Besides fulfilling his dream of flying in space, Jared Isaacman...
Politicians in Britain, Northern Ireland and the European Union on Tuesday condemned threats against border staff that prompted authorities to suspend checks at ports and underscored the tremors Brexit has sent through Northern Ireland’s peace...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday, clawing back lost ground. The busy trading ended with an advance/decline ratio of 34/41. The JSE Combined Index advanced by 3,380.71 points or 0.88 per cent to close at 388,428.54....
One month after the United Kingdom, UK, made a New Year split from the European Union’s economic embrace, businesses that once traded freely are getting used to frustrating checks, delays and red tape. British meat exporters say shipments have...
The Jamaica Stock Exchange (JSE) Combined Index closed Monday on a losing note, declining marginally. The moderate trading ended with an advance/decline ratio of 40/35. The JSE Combined Index declined by 1714.09 points or 0.44 per cent to close at...
Energy products distributor FosRich Company Limited has struck a deal with Chinese technology company Huawei to sell its photovoltaic, or PV, solutions in the Jamaican alternative energy marketplace. Fosrich CEO Cecil Foster says the agreement...
American Airlines’ stock rose earlier this week during market volatility around struggling companies, and now the airline is using the opening to sell up to US$1.1 billion in new shares. American said Friday that it reached an agreement with...
Disruptive online businesses were the focus of the JSE Pitch Room Competition this year, which featured five tech ventures, including a drone maker. The ‘best pitch’ went to Edunomics, a platform which offers online learning as a paid service for...
Directors of Palace Amusement, Douglas Graham and Melanie Graham are hopeful that the release of more attractive movies over the latter half of 2021 will pull Jamaicans back their cinemas, but in the meantime, they have re-entered discussions with...
A few days ago, China’s President, Xi Jinping, addressed the opening of this year’s Davos World Economic Forum. His remarks imply that China is positioning itself to be the voice for a new multilateral world order. The full text warrants careful...
I have often wondered why some people are prepared to invest their money without even a basic understanding of what it really means to invest. So often, investment advisers are blamed for not calling their clients to say when they should buy or...
QUESTION: I finally feel ready to give you my questions to be published as follows: How do I start a fragrance line business in Jamaica? What factors must be considered prior to approaching the industry? What are the listings of legit...
QUESTION: What is parametric insurance? What are the differences between it and ordinary insurance? Is it locally available? – R.M., Kingston 8 RISKS...
Prime Minister Andrew Holness’ tech dream is for Jamaica to become the Silicon Valley of the Caribbean, and sees the pandemic-induced movement towards life and business online as an opportunity for small businesses to innovate. Jobs have been...
Apple plans to roll out a new privacy control in the early spring to prevent iPhone apps from secretly shadowing people. That puts the feature on course to come out after a more than six-month delay aimed at placating Facebook and other digital...
The Financial Services Commission, FSC, has been working on mechanisms to improve price transparency in the market and the flow of information to the investing public. It’s also been working with the entities it regulates on the realignment of...
Alliance Financial Services Limited announced that its initial public offering, IPO, will remain suspended, with the closing date extended until further notice. The IPO was launched in late December but suspended in early January while regulators...
A health tourism project slated to be developed in Montego Bay over the next five years is among the plans for enhanced collaboration between Jamaica and India being supported by new High Commissioner Runsung Masakui. The tourism project, estimated...
Brokers revealed plans for new financial, real estate and index fund listings along with US$5 million in market support, during the annual Jamaica Stock Exchange capital markets conference that wrapped up in New Kingston on Thursday. “We are going...
