Stationery and Office Supplies Limited, SOS, has acquired another property in Kingston for $15 million. The quarter-acre property at 36 Collins Green Avenue sits adjacent to lands the company bought at 34 Collins Green Avenue back in 2017. Both...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday again gaining ground, with an advance/decline ratio of 25/31. The JSE Combined Index advanced by 1,120.38 points or 0.30 per cent to close at 374,007.55 The JSE Main Market Index was up...
Saudi Arabia’s energy minister said Monday that global energy producers have the ability to tweak an agreement on production cuts that could be extended through to the end of 2022, signalling the anticipation of continued weakened demand for oil as...
The Jamaica Stock Exchange (JSE’s) Combined Index closed on Monday gaining ground, with an advance/decline ratio of 33/32 The JSE Combined Index advanced by 6311.01 points or 1.72 per cent to close at 372,887.17 The JSE Main Market Index was...
Cannabis company Kaya Group has entered into a licensing agreement with Quantum Ventures Holdings Limited to open two locations in Uruguay by next January. “They have currently spent US$1 million on capital expenditure build-out with over 50...
Even though uncertainty about the outcome of the United States presidential election is likely to drag on, the stock market has been rallying. Provided that the election is decided within weeks – rather than months – and that both candidates...
Interest income comes primarily from bonds, debentures, and savings and deposit accounts at financial institutions authorised to operate such accounts. Although interest rates have fallen – and sharply, too – interest income is still important to...
The United Kingdom’s insurance regulator, Financial Conduct Authority, FCA, wants the 402 domestic insurers that it supervises “to complete reviews of the value of their products” by December 3. Six months before, it published “guidance setting out...
Food and financial services conglomerate GraceKennedy Limited recorded improvements in all segments of its business for the nine-month period ending September, leading to a 33 per cent spike in profit to $4.93 billion. The performance of...
Uber’s food-delivery business brought in more money during the third quarter than its signature rides business, showing just how much consumer behaviour has changed – and how far the company has adapted – since the pandemic struck. The San...
Toyota’s July-September profit fell 11 per cent from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have sunk into the red. Toyota Motor Corp...
There is renewed urgency to get the small and medium-sized business community to increase the number and volume of products they sell globally, to help offset the estimated seven to 10 per cent economic contraction that Jamaica expects this fiscal...
QUESTION: I had to close my small variety store and lunch shop because of COVID-19 and slow business since the school closure and lockdowns. The bulk of my customers were schoolchildren and teachers and so on. Right now, I am in a serious state...
The British government and the Bank of England joined forces Thursday to provide further support to an economy that is set for a difficult winter following the imposition of new coronavirus lockdown measures. Hours after the central bank increased...
Sagicor Bank Jamaica is going mobile with its banking services, starting Monday, when it hits the community of Spaldings in the parish of Clarendon. The ‘Bank on Wheels’ will stay in Clarendon for six months, moving to different communities within...
MPC Caribbean Clean Energy Limited, a management company for renewable projects, announced that an investor provided the company with US$10 million in cash by way of a new promissory note, which will result in growing its capital base by half to US...
MoneyMasters has created a real estate company that it aims to capitalise with equity through the private market, and has hired former mortgage banker Dr Patrick Thelwell to lead the new operation. The newly launched Money Masters Real Estate...
Directors of Kingston Properties Limited, which trades as KPREIT on the stock market, have come out of a board meeting with plans to raise fresh capital for the company, and it’s expected to be facilitated in part by an additional public offering,...
In an effort to address economic disparity laid bare by the coronavirus pandemic, San Francisco voters overwhelmingly approved several tax measures targeting property owners and big businesses with CEOs paid far higher than their average workers....
The cruise industry has jettisoned hopes of restarting operations this year. Days after both Carnival and Norwegian extended a halt on cruises through the end of the year, the group that represents cruise lines with 95 per cent of global ocean-...
In theory, Costa Rica should be one of the best credits in Central America. It is a well-diversified economy, with agriculture, manufacturing and tourism, giving it a much more stable trajectory than most of the other countries in the region. It is...
Natural gas supplier New Fortress Energy, NFE, reported US$137 million in revenue for its September quarter, more than half of which was earned from Jamaica. The company, which trades on the Nasdaq exchange, reported improved revenues, up 175 per...
The Jamaica Stock Exchange Combined Index on Thursday declined by 2,000 points to close at 368,090 points with an advance/decline ratio of 35/27. Winners Mayberry Investment gained 9.5 per cent to $6.09 Proven...
The Government of Jamaica has launched an investment map that allows residents to easily track projects that are being financed with resources from both the Government and donor agencies. The website, which was launched in partnership with the...
