Salada Foods Jamaica Limited and the Jamaica Agricultural Commodities Regulatory Authority, JACRA, have been given more time for both parties to gather data for presentation of arguments before the Supreme Court. JACRA has ordered Salada to change...
Jamaica remains within the top Caribbean destination among travellers forward booking their vacations, amid the pandemic, according to online search companies. Mexico led the pack, followed by Bahamas, US Virgin Islands, Aruba, and Jamaica,...
The World Bank’s Doing Business index has been both conceptually and operationally suspect since its inception in 2003, but mainstream economists have only recently started to criticise it. Although the Bank’s own recent acknowledgement of some of...
The Jamaica Stock Exchange (JSE) Combined Index closed Friday regaining lost ground, with an advance/decline ratio of 34/32. The JSE Combined Index advanced 1,033.54 points or 0.28 per cent to close at 365,208.18 The JSE Main Market Index was up...
Supreme Ventures Guyana Holdings, which recorded losses in its start-up year 2019, had its problems compounded by the outbreak of COVID-19 and a disputed general election in that country in March. Retailer recruitment and buildout of the network...
This week’s presentation of the overview of the economic forecast for the April to June quarter by the Planning Institute of Jamaica, PIOJ, occurred at a later time than is the norm and is explained by challenges in obtaining data due to the...
Private equity fund Portland JSX Limited is tempering expectations on the timeline for returns as the COVID-19 pandemic ravages regional businesses, saying as much as US$80 million of expected profit share may be delayed. Managing Partner Rob...
Tech solutions provider Productive Business Solutions Limited, PBS, has been contracted to assist Barbados with a digital ID and national ID card replacements, a job the company says is similar to work being done on the identification system that...
Caribbean Flavours and Fragrances Limited, CFF, which trades in food and beverage flavourings and personal care products, added a sugar-reduction substitute to its product line-up, aiming to capitalise on the trend towards more healthy lifestyles...
MBJ Airports Limited, MBJ, has acquired loan financing from Bank of Nova Scotia Jamaica Limited, which trades as Scotiabank, for capital development projects at Sangster International Airport. The US$60-million agreement was signed on September 3,...
OP-ED CONTRIBUTION: FED POLICY On August 27, the US Federal Reserve issued a press release summarising updates to its longer-run goals and monetary-policy strategy, and Fed Chair Jerome Powell discussed the revisions at greater length in a speech...
Some 50,000 customers took up Scotia Group Jamaica’s waiver of interest on some loans and credit cards during the May-July quarter. Within that period, the No. 2 banking group made net profit of $1.5 billion, but that was just over a third of what...
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday on a losing note, with an advance/decline ratio of 30/35. The JSE Combined Index declined 1040.80 points or 0.29 per cent to close at 363,176.94 The JSE Main Market Index was down 921...
Published:Wednesday | September 9, 2020 | 12:11 AM
Uber is offering incentives to drivers to transition to cleaner vehicles while acknowledging that emissions from its rides have risen in recent years. It’s investing US$800 million in programmes to held drivers switch by 2025. The San Francisco-...
The CEO and managing director of Paramount Trading Jamaica Limited, by all accounts, will be the first boss of a stock market company to take a seat in Parliament as an elected official. Hugh Graham, who narrowly defeated ex-cop Newton Amos for the...
Poultry producer Jamaica Broilers Group is back to production levels of near 90 per cent and has cleared higher-than-usual inventory levels following a loosening in COVID-19 restrictions between June and August, but there are concerns that the...
Published:Wednesday | September 9, 2020 | 12:09 AM
Fontana Pharmacy introduces digital gift card Fontana Limited has partnered with BlinkSky to launch Jamaica’s first digital gift card, the pharmacy company announced Tuesday. The new service will be offered at Fontana Waterloo initially, then...
Published:Wednesday | September 9, 2020 | 12:08 AM
Inspections triggered by production flaws in Boeing’s 787 jetliner are further slowing deliveries of the two-aisle planes, compounding Boeing’s struggle to recover from the grounding of its 737 Max and the coronavirus pandemic. Boeing said Tuesday...
Published:Wednesday | September 9, 2020 | 12:05 AM
Clarendon Alumina Production Limited, CAP, has repaid all its outstanding debt to alumina partner Noble Group, amounting to nearly US$136 million. The Jamaican Government indicated last month that it planned to repay the funds, but gave no precise...
Published:Wednesday | September 9, 2020 | 12:05 AM
Despite the gazetting of regulations that are meant to make it easier for small businesses and the unbanked to open, operate and maintain bank accounts, The MSME Alliance, a grouping of small and micro businesses, says they are still facing onerous...
Sagicor Group Jamaica plans to do a real estate development in Spanish Town, St Catherine, says President and CEO Christopher Zacca. It follows acquisition of a majority stake in start-up real estate venture Bailey-Williams Limited, last year. “It...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday on a winning note, with an advance/decline ratio of 43/29. The JSE Combined Index advanced 1873.13 points or 0.52 per cent to close at 364,217.74 The JSE Main Market Index was up 1545....
The European Union, EU, warned the United Kingdom government on Monday that any attempt to renege on commitments made ahead of its departure from the bloc earlier this year could put at risk the hard-won peace in Northern Ireland. The comments show...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I had a credit card that wasn't being paid, and now it's not at an amount I am able to pay in a lump sum or in instalments. I have received a letter from a debt-collection company, and I'm...
