There is a vast academic literature on central bank independence, and central bank governors address the topic at every opportunity. Most of the academic papers, and all of the governors, argue that a high degree of independence is associated with...
Distribution company Derrimon Trading Limited, DTL, which operates the Sampars and Select supermarkets, among other businesses, will remain listed on the junior market of the Jamaica Stock Exchange, JSE, despite its pending $3.5-billion capital...
N ew approaches to work brought on by COVID-19 have trade unionists fired up over worker rights and angling for a sit-down with the Government to discuss what they see as a need for “urgent” amendments to outdated labour laws. Concurrently, trade...
As moratoriums on mortgage payments come to an end, real estate experts see rising risk for homeowners losing their homes to foreclosures by lenders. That’s because of the job losses under the pandemic and the slow recovery of the decimated...
Facebook is again pushing back on new Apple privacy rules for its mobile devices, this time saying in full-page newspaper ads that the social media giant is standing up for small businesses. In ads that ran in The New York Times, The Wall Street...
ADVERTORIAL: MC Systems The Government of Jamaica is moving ahead with the implementation of science, technology, engineering and mathematics (STEM) schools, which it it says is the path to creating a digital society, “and closing the digital...
Published:Wednesday | December 16, 2020 | 12:22 AM
Two members of the Sackler family who own OxyContin maker Purdue Pharma agreed to appear this week before a congressional committee investigating the family and the company’s role in the national opioid addiction and overdose epidemic. Thursday’s...
With a $72.1 billion deficit this fiscal year so far, Jamaica’s fiscal well-being continues to take a battering from the COVID-19 pandemic, with expectations that government operations will likely fall deeper into the red. The only conciliation...
Another round in the dispute over the manufacture and export of soaps within the 15-member Caricom bloc looks set to be played out in court. Dominica Coconut Products Successors Limited, DCPS, has confirmed that it is contemplating legal action to...
Regional rating agency CariCRIS has downgraded adventure park Mystic Mountain Limited after the company failed to make an interest payment on its US$8-million debt obligation which became due in September 2020. It comes amid some nine months of...
Published:Wednesday | December 16, 2020 | 12:09 AM
Sygnus Credit Investment Limited is headed to the market this Friday seeking US$22 million through an initial public offering of shares, or APO, which it is prepared to upsize to US$32 million if demand warrants it. The funds will give the company...
The Jamaica Stock Exchange JSE, expects in a matter of days to launch a portal for private bonds issued under exemption of public disclosure, aiming to make the bulk of these assets valued at around $480 billion more liquid and tradable. It forms...
Published:Wednesday | December 16, 2020 | 12:09 AM
The prime minister of Australia said Tuesday that China would be violating World Trade Organization, WTO, rules and a bilateral free trade agreement if it banned Australian coal. Prime Minister Scott Morrison was replying to a report in China’s...
Published:Wednesday | December 16, 2020 | 12:08 AM
Big tech companies face hefty fines in Britain and the European Union if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in London and Brussels. The EU outlined its long-...
Published:Wednesday | December 16, 2020 | 12:08 AM
How should Chilean families pay for the costs of the pandemic? The conservative government’s finance minister proposes that the state should help. Thanks, but no thanks, retort members of the country’s congress. Families can use their own...
Published:Wednesday | December 16, 2020 | 12:07 AM
The volume of airline passengers entering Jamaica fell by three-quarters in the month of November at both major airports, but industry experts are expecting a lot better outcome this month, it being the start of the peak tourist season. The winter...
Published:Wednesday | December 16, 2020 | 12:06 AM
Jamaica Broilers Group Limited grew half-year by 66 per cent to $1.1 billion, atop improved revenues for the market-leading poultry company. Its most lucrative market, home-ground Jamaica, had mixed results, with sales down eight per cent. “...
European Union chief negotiator Michel Barnier said Monday he still firmly believes that a post-Brexit trade agreement is possible, and whittled down the major outstanding disputes to be settled ahead of the new year to just two. Britain, meanwhile...
A number of retailers, including J.C. Penney, Lowe’s and Kohl’s, are telling shoppers they need to place their online orders soon or else pay expedited shipping fees if they want to get their packages delivered in time for the holidays. The...
The credit union representing the police and support staff is seeking to raise $110 million under a deferred share offer to its members and other eligible groups ,to upgrade and modernise the 65-year-old organisation. This is a first for the...
In a rush to get older cars off the lots before the year comes to an end, auto dealers have been rolling out payment holiday and discounts, to woo potential buyers. The month of November usually marks the beginning of a busy Christmas season for...
To many, LinkedIn is just another social network like Facebook and Twitter, with a bit more business emphasis. This view understates its importance. COVID-19 has helped make the very opposite true today. As a professional, you cannot afford to...
QUESTION: I bought a small plot of land from someone, and I need some help to access a loan from the National Housing Trust to build. I have the document from the bank that shows that I paid the person the money for the land. I have not got a...
The Dogs (Liability for Attacks) Act 2020, which this newspaper’s editors have called the Dog Attack Bill, wrongly in my view, completed the last stage of the legislative process. It was passed by the Senate on December 5. The governor general must...
