The insurance industry, though initially challenged, has not, up to now, fared as badly from the economic downturn caused by the COVID-19 pandemic as the sector and regulatory authorities had been bracing for. That’s the assessment from the new...
Job losses arising from the COVID-19 fallout are worse than the previous crisis in 2008, but recovery should happen four times as fast, according to Planning Institute of Jamaica, PIOJ, Director General Dr Wayne Henry. That’s due to the improved...
A uto battery maker Tropical Battery has entered into discussions with two companies on possibly merging its operation, or broadening the business through acquisition. Vice-President for Sales and Marketing Daniel Melville said the company is now...
After nearly two years and a pair of deadly crashes, the United States Federal Aviation Administration, FAA, has cleared Boeing’s 737 Max for flight. The nation’s air safety agency announced the move early Wednesday, saying it was done after a “...
Facing a new paradigm of smaller offices and staff working remotely from home, the inevitable implication of which is reduced demand for office furniture, Stationery and Office Supplies Limited, SOS, has started offering home office furniture to...
Berger Paints Jamaica’s third-quarter sales are running eight per cent ahead of last year, a sign that the paint market has shrugged off some of the effects of the pandemic, and the company is gearing its promotions to wring as much value as the...
The Jamaica Stock Exchange (JSE) combined index advanced on Thursday with an advance/decline ratio of 29/30. The JSE Combined Index declined by 2,427.14 points or 0.63 per cent to close at 383,613.56. The JSE Main Market Index declined by 2,536.99...
Sales of luxury apparel, jewellery and beauty products are set to slide by nearly a quarter this year as the pandemic wipes out more than six years of growth, according to a study released Wednesday by the consultancy Bain. Still, the drop is...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Wednesday with an advance/decline ratio of 30/40. The JSE Combined Index advanced by 5,586.15 points or 1.47 per cent to close at 386,040.70. The JSE Main Market Index advanced by 6,294.46...
Published:Wednesday | November 18, 2020 | 12:18 AM
The American pharmaceutical company Pfizer and Germany’s BioNTech have announced that the COVID-19 vaccine they are jointly developing was more than 90 per cent effective in early clinical trials. The news raised hopes around the world that life...
Published:Wednesday | November 18, 2020 | 12:14 AM
Some Caribbean retail investors participating in Digicel’s ongoing bond swap have agreed to swap their DGL2 note offer which was extended to allow more time for evaluation of the offer. Digicel also set up a trust for Caribbean investors holding...
Published:Wednesday | November 18, 2020 | 12:08 AM
The new parliament building designated for National Heroes Circle will cost US$50 million ($7.5 billion), according to the Urban Development Corporation, UDC, the agency that will oversee the project’s implementation. Its just one of the elements...
The deal struck between food marketing company Nestlé Jamaica and GraceKennedy member company Dairy Industries Jamaica Limited should bring in an additional $20 million in annualised revenue to the group, in addition to opening up a new market...
Technology firm tTech Limited is on the hunt for training partners in response to growing demand fuelled by the COVID-19 pandemic. With its third-quarter financials showing challenged revenues and declining profits, tTech CEO Christopher Reckord...
Published:Wednesday | November 18, 2020 | 12:07 AM
The giant, ageing cables that support one of the world’s largest single-dish radio telescopes are slowly unravelling in Puerto Rico, a US territory, pushing an observatory renowned for its key role in astronomical discoveries to the brink of...
Published:Wednesday | November 18, 2020 | 12:07 AM
BCIC signs pact with transport operators British Caribbean Insurance Company, BCIC, has signed an agreement the Transport Operators Development Sustainable Service, TODSS, for the provision of what the insurer describes as “sustainable and...
Published:Wednesday | November 18, 2020 | 12:05 AM
Leisure travel numbers to Latin American countries that removed travel quarantine measures are recovering rapidly at the expense of Jamaica and other countries, industry insiders say. Mexico, Colombia, Costa Rica and Dominican Republic are the big...
Published:Wednesday | November 18, 2020 | 12:05 AM
Regional insurance company Guardian Holding Limited, GHL, grew its profit by three-quarters for the July-September period, assisted by the inclusion of the newly acquired NCB Insurance life and annuities portfolio. The results redounded to the...
FirstRock Capital Holdings liquidated some of its financial and real estate assets in the past quarter, which puts its arsenal at $1.2 billion of ‘dry powder’ ready to pump into new deals were any to arise. But for outfits out there looking for...
The Jamaica Stock Exchange (JSE) combined index advanced on Tuesday with an advance/decline ratio of 42/21. The JSE Combined Index advanced by 4515.84 points or 1.20 per cent to close at 380,454.55. The JSE Main Market Index advanced by 4,655.78...
Saudi Arabia’s oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of dollars in dividends the company promised shareholders before the global coronavirus pandemic sent oil prices...
Coffee processor Salada Foods Jamaica Limited's legal bid to overturn directives from the Jamaica Commodities Regulatory Authority, JACRA, regarding its coffee quota has been denied by the Supreme Court. Justice Nembhard, who delivered the ruling...
QUESTION: How can I get a National Housing Trust house? – Lenox FINANCIAL ADVISER: The National Housing Trust, NHT, develops or finances the development of scheme houses, which are sold directly to contributors. When these units become...
A person identified as ‘Injured Party’ wrote a 754-word letter and sent it to my Inbox last Monday. She was involved in a collision on the Queen’s Highway section of the North Coast Highway in September 2019. A speeding vehicle, travelling in the...
Most insured property owners in Jamaica and the rest of the Caribbean dodged an insurance rate increase in 2020, thanks to the COVID-19 pandemic, which sparked lockdowns and other business interruptions that forced large reinsurers to hold off...
