In a move to make buying local easier for shoppers this Christmas, and consequently drive sales for small and micro ventures, businesswoman Angelie Spencer has partnered with the National Commercial Bank Jamaica Limited, NCB, and video company M-...
Jamaican soap manufacturers have lost a year-long battle for continued duty-free exports to the Caricom market of 18 million people. The loss comes after a successful challenge in late November at Caricom’s Council for Trade and Economic...
Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. IPOs slowed sharply in the spring due to the pandemic, but they surged in the summer...
The European Central Bank, ECB, unleashed another half-trillion euro wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and hurts pre-Christmas sales revenue ahead of the region’s most important holiday...
German regulators launched an investigation on Thursday into Facebook over the company’s decision to link its Oculus virtual reality, VR, products to the social network, authorities said. The Federal Cartel Office, or Bundeskartellamt, said it had...
US President-elect Joe Biden’s decision to appoint Janet Yellen as the next secretary of the Treasury is good news for America and the world. The United States has survived four years under a mendacious president who has no understanding of, let...
Construction material retailer Lumber Depot Limited has doubled its second-quarter earnings, comporting with the positive results of other companies that do business in the sector. The company, which operates a hardware store, said it sought to...
Carmaker Honda said Wednesday it has temporarily halted production at its plant in England after shipping delays linked to the COVID-19 pandemic and preparations for Brexit left it with a shortage of parts. The company was one of many businesses...
The Bahamas is a collection of 700 islands and 2,400 cays, stretched over an area of almost 14,000 square kilometres. However, 90 per cent of the 400,000 inhabitants are concentrated in three islands, Abaco, Nassau and New Providence. The Bahamas...
Mayberry Invest-ments Limited has haemorrhaged nearly a billion dollars at the bottom line this year, but CEO Gary Peart is upbeat, based on the company’s report of third-quarter earnings that, while smaller than last year’s, were positive. The...
Food and logistics conglomerate Jamaica Producers Group, JP, will pay out $224 million in dividends to shareholders in mid-January, its largest since 2015. The distribution at 20 cents per share represents a yield of under 1.0 per cent on the...
The management of Jamaica’s number two banking group remains upbeat despite a fall in profits. Scotia Group Jamaica’s bottom line re-entered the sub-$10 billion region for the first time since 2015. Annual earnings fell by $4 billion, from $13.2...
The Jamaica Stock Exchange (JSE) combined index advanced on Thursday with an advance/decline ratio of 30/35. The JSE Combined Index advanced by 4,374.29 points or 1.14 per cent to close at 386,905.75 The JSE Main Market Index advanced by 4,490.67...
Plane-maker Boeing Company reported more cancellations for its 737 Max jet, which this week is scheduled to carry paying passengers for the first time since the planes were grounded 21 months ago after two deadly crashes. Boeing said orders for 88...
The Jamaica Stock Exchange (JSE) combined index declined on Wednesday with an advance/decline ratio of 35/30. The JSE Combined Index declined by 5,194.12 points or 1.34 per cent to close at 382,531.46. The JSE Main Market Index declined by 5,597.74...
Researchers at a cybersecurity firm say they have identified vulnerabilities in software widely used by millions of connected devices – flaws that could be exploited by hackers to penetrate business and home computer networks and disrupt them....
Future Energy Source Company, which trades as Fesco, was expecting to have an additional six service stations operational across Jamaica by this time, but the petroleum marketing company has so far completed just the adjoining supermarket to the...
Stratus Alternative Funds, an investment vehicle designed by NCB Capital Markets to provide backing for different asset classes, will be taking on large infrastructure projects in conjunction with partnering investors. The brokerage is currently in...
Lawyers for tobacco company Carreras Limited say they are awaiting word from Jamaica Custom Agency, JCA, after the Supreme Court this month ordered the commissioner of customs to repay the cigarette trader $58.38 million, or an amount that reflects...
The alcoholic drinks industry is reporting an improvement in sales, badly dented earlier this year by the onset of the COVID-19 pandemic, but even as the industry is in higher spirits over improving volume and income numbers, liquor manufacturing...
The European Central Bank is expected to unleash another blast of stimulus on Thursday to help businesses bridge the gap until the economy recovers from the pandemic – and to support governments that are ramping up spending to cushion the blow as...
This is a response to the the criticism levelled against the Real Estate Board in the article published in The Sunday Gleaner on November 29, 2020 under the caption ‘Realtors knock REB’. The Real Estate Board has always had an open-door policy,...
Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummelled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire the employees and...
The United States economy’s growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year as vaccines for the coronavirus become widely...
