ADVISORY COLUMN: PRODUCTIVITY Is your organisation accustomed to holding real-life gatherings for scores or hundreds of its followers, shareholders, customers, or members? If so, what should it do in these pandemic times? Are large-scale virtual...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am a 21-year-old female, and I took out a credit card when I was 18 – worst mistake. My card is now in bad debt, even though I have been paying consistently – unfortunately, not the minimum...
The United Nations’ International Labour Organization, ILO, said that at least 34 million jobs have been lost in Latin America due to the coronavirus pandemic. The ILO urged countries in the region to adopt “immediate strategies” to deal with the...
Gaming and lottery company Supreme Ventures Limited, SVL, has entered the South African market through partnership with a software company, which will distribute its most lucrative game, Cash Pot, in the country of around 59 million people. It is...
Mayberry Investments Limited CEO Gary Peart now presides as executive chairman over large gaming group Supreme Ventures Limited, SVL, but Mayberry’s chairman and SVL director Christopher Berry says it was never their intent to take an active role...
The Jamaica Stock Exchange (JSE) Combined Index closed Friday losing ground, with an advance/decline ratio of 32/32. The JSE Combined Index declined by 6618.74 points or 1.77 per cent to close at 366,291.17 The JSE Main Market Index was down 7585....
Carnival Cruise Line is cancelling most US sailings through the end of this year, the latest sign that the cruise industry’s recovery from the coronavirus pandemic could still be many months away. The company said Thursday it is cancelling...
Google will pay publishers US$1 billion over the next three years for their content, the company’s latest effort to defuse tensions over its dominance of the news industry. The company said Thursday that it has signed agreements for its news...
Jamaica Beverages Limited, JBL, the insolvent manufacturer of juice and milk products that was put up for sale last November, has found a buyer. Wilfred Baghaloo, a director of PricewaterhouseCoopers Jamaica who was appointed as JBL trustee three...
Food distribution company Nestlé Jamaica has partnered with Stoneleigh Coffee to produce a roasted and ground coffee aimed squarely at the premium market. The product, branded Nescafe Jamaican Roast, will be sold in one-pound and half-pound...
Clarien Bank Limited just ended its second loan moratorium for clients, one of the steps it took to cool the growing pace of defaulted loans on its books, which in Jamaican dollar terms was estimated at $13 billion in March. The bank, based in...
Cinema company Palace Amusement Company has taken two of its four movie theatres out of commission, citing a lack of customer traffic. At the same time, the opening date for its newly announced drive-in cinema in New Kingston remains uncertain,...
As the days shorten and temperatures dip, an air of pessimism is starting to spread. COVID infections are on the rise in Europe, and governments are starting to clamp down. The United States presidential elections are just a few weeks away, but...
The Caribbean Development Bank, CDB, anticipates that by the end of this year, amid the COVID-19 pandemic, it would have approved US$470 million of funding for member countries. The actual deployment of funds, which usually lags approvals, is...
Unserviced bank and mortgage loans grew by one-third to $27.9 billion over the span of a year ending June, according to new central bank data. It’s the highest percentage rise in eight years and, as a dollar value, grew by $7.5 billion from $20.4...
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday losing ground, with an advance/decline ratio of 37/33 The JSE Combined Index declined by 4605.54 points or 1.22 per cent to close at 372,909.91 The JSE Main Market Index was down 4741....
The Trump administration is targeting the son-in-law of retired Cuban leader Raul Castro with sanctions as it steps up its campaign against the island’s government ahead of the United States presidential election in November. The US departments of...
Published:Wednesday | September 30, 2020 | 4:25 PM
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday clawing back lost ground, with an advance/decline ratio of 44/26. The JSE Combined Index advanced by 8458.45 points or 2.29 per cent to close at 380,425.98 The JSE Main Market Index...
Published:Wednesday | September 30, 2020 | 11:53 AM
OP-ED CONTRIBUTION: LEGAL AFFAIRS Recently, two significant pieces of legislation aimed at reforming Jamaica’s land titling system were passed in Parliament – the Registration of Titles (Amendment) Act 2020 and its companion legislation, the...
Published:Wednesday | September 30, 2020 | 11:24 AM
WASHINGTON (AP) — The United States economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the American economy will likely shrink this year, the first time that has...
Shareholders on Tuesday gave the nod to boutique private equity firm Sygnus Credit Investments Limited to approach the stock markets for fresh capital by way of an additional public offering of shares, or APO. Sygnus Capital Chief Investment...
Published:Wednesday | September 30, 2020 | 12:10 AM
The modest cash grant Iguehi James received from the Oakland African American Chamber of Commerce helped the clothing designer defray costs, including prices on elastic and fabric that jumped dramatically due to the pandemic. The application...
Published:Wednesday | September 30, 2020 | 12:09 AM
The jobs of roughly 40,000 airline workers are likely to evaporate in a matter of days. Since the pandemic hit, thousands of flight attendants, baggage handlers, gate agents and others have been getting at least partial pay through US$25 billion in...
MPC Caribbean Clean Energy Limited, an investor in renewable projects, recently released financials with an unusual profit and loss statement that contained no income despite generating nearly four times more cash from its energy holdings. The lack...
Food and financial services group GraceKennedy Limited has made another eight senior management changes, in furtherance of its ambitions towards being a global consumer group that earns the majority of its revenue from overseas holdings. The...
