OP-ED CONTRIBUTION: DATA LAW The first two parts of this article looked at five of the data protection standards established by the recently passed Data Protection Act 2020, the DPA. In this final instalment we will briefly explore the remaining...
First Rock Capital Holdings, a two-year-old investment company with a bias towards real estate, scored a profit of US$1.25 million at half-year, despite stumbles in the rental market. The company reported reduced June quarter flows from its Costa...
The tourism holdings of Sagicor Group Jamaica Limited weighed on the company in the June quarter, resulting in a rare net loss. The financial conglomerate maintained profitability, however, when the non-controlling stake in a loss-making subsidiary...
Japanese technology giant SoftBank Group Corp’s said Tuesday that its profit rose 12 per cent in April-June from a year earlier as its investments added to its coffers, including sales of its shares in American carrier T-Mobile. Tokyo-based...
The United Kingdom has kept a lid on its unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends that will likely see the jobless total soaring by the end of the year. As department store...
The partnership between Richard Branson’s Virgin Group and the private Florida passenger train service Brightline has ended with a whimper, less than two years after it was celebrated with Branson’s typical pizzazz. Brightline announced in a...
Tamique Hines, senior manager, software engineering at MC Systems, a member company of The Jamaica National Group, says the future of work will have technology at its core. “With the increasing use of artificial intelligence (AI) and digital...
GKFG launches cashless financial store GraceKennedy Financial Group has opened up a GK One Digital Store at its corporate building in Kingston, a cashless outlet that provides financial and money services. Transactions will be by debit or credit...
The Judicial Review Court has ruled that the contractor general lacked jurisdiction to probe the sale of the Sandals Whitehouse Hotel in Westmoreland, handing a victory to hotelier Gordon ‘Butch’ Stewart and his firm Gorstew Limited, nearly a...
McDonald’s says it is suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging on Monday that he covered up relationships with three other employees and destroyed evidence. The company...
OP-ED CONTRIBUTION: BUSINESS STRATEGY The global COVID-19 pandemic has hit large and small businesses hard, and decision-makers are grappling with possible solutions. COVID has forced upon entities the outright imperative to be agile from top to...
ADVISORY COLUMN: PRODUCTIVITY In these distressed times, should your company be focused on more than its survival? This approach may get you through months of struggle, but it could be the recipe for your eventual demise. Many executives are...
Prime Minister Andrew Holness and Opposition Leader Dr Peter Phillips were on the same page on Independence Day. Their messages to mark the country’s 58th anniversary of independence, according to this newspaper, began by heaping praises on the...
In a paint market where it has long reigned supreme, Berger is seeing a slippage of its hold on the market, and now it wants to claw it back. Typically, the August to December period is the peak season for paint. It is generally recognised as the...
OP-ED CONTRIBUTION: DATA SECURITY Experts project that ransomware attacks could haul in US$20 billion for the perpetrators, come next year, a massive swing from US$345 million in 2015. These staggering figures reveal both the extent of the payouts...
The New York Times Company’s digital transformation continued during the second quarter, with its online subscription and advertising revenue now exceeding its print revenue, even as the economic aftershocks of the coronavirus pandemic slammed its...
Supreme Ventures Limited, SVL, has added a new business line which will see the company providing back-office support services to clients. Circumstances have forced the company to become more agile at a period when jobs and disposable income have...
NCB Financial Group hit record levels in revenues during the June third quarter, but profits trailed year-earlier levels. The top banking conglomerate’s profits have been underperforming due to impacts on its financial holdings as well as credit...
Food and financial services conglomerate GraceKennedy Limited bucked what has been one of the toughest six months for businesses worldwide, to close on the upside with a $5 billion boost in revenues to $56.5 billion. The results were partly...
New Fortress Energy, NFE, doubled its revenues in the June quarter to US$76 million, strengthened in part by earnings from its power facility at Jamalco which came on stream in March. In newly released financials, New Fortress reported that US$45...
Citing the pandemic, Digicel Jamaica says the past trends that the Office of Utilities Regulation, OUR, has relied on are unlikely to be a reliable basis on which to forecast future levels of risk-free rates in relation to the cost of capital for...
A New Hampshire start-up is connecting tech companies with qualified candidates of colour in an effort to close America’s racial wealth gap. The Manchester-based online employment service Shtudy utilises an assessment programme to identify what...
Argentina’s government says it has reached agreement with its principal creditors to restructure more than US$65 billion in foreign debt, offering some relief for a country hobbled by recession long before the pandemic, following seven months of...
