Burger King is staging an intervention with its cows. The chain has rebalanced the diet of some of the cows by adding lemon grass in a bid to limit bovine’s contributions to climate change. By tweaking their diet, Burger King said Tuesday that it...
Its financial results capture two months of Jamaica’s COVID lockdown, which lasted three months and is still being unwound in phases, but even so, poultry company Jamaica Broilers Group, JBG, has already experienced substantial erasure of its...
Despite end-of-year gains at the Caribbean’s largest wind energy company, Managing Director Earl Barrett is cautious about the future under the weight of the COVID-19 pandemic. The company is fairly certain of what its revenues will be, as it has...
SVL co-founder Ian Levy retires Ian Levy has retired as deputy chairman and director from the board of Supreme Ventures Limited, SVL, and those of its subsidiaries, effective July 11, having reached the age of retirement. Levy is a founding...
MPC Caribbean Clean Energy Limited, a management company for renewable projects across the region, reclassified two items of income in its audited accounts, resulting in substantial losses. The year-end December 2019 unaudited report showed an...
The Middle East’s energy producers are expected to earn US$270 billion less in oil revenue compared to last year as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the...
Delta Air Lines lost US$5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans. “Growth has stalled...
Jean-Marie Desulme, who came out of retirement to run the PVC manufacturing unit at FosRich at the end of February has exited the company following a review of the management structure. FosRich Company CEO Cecil Foster said the senior consultant,...
The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 29/40. The index moved down by 3,306.08 points or 0.90 per cent to close at 366,023.21. The JSE Main Market Index declined by 3,207.50 points...
As United States sanctions scare away the world’s largest shippers from Venezuela’s oil industry, new players are willing to brave the heightened risks and help keep leader Nicolás Maduro afloat, according to a new report. In the first year since...
Brazil’s government on Thursday proposed that global asset managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditional use of fire to clear land and brush. Vice President...
ADVISORY COLUMN: PRODUCTIVITY There are a few moments in your employees’ careers when they go into shock. However, it is not because too much is demanded of them – in fact, it is the very opposite. In prior columns, I shared what sometimes...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER The money market is the market for marketable financial instruments with a maturity of up to one year. Some are issued by Government and some by corporations, but in our market, most are government-...
New Fortress Energy, the sole natural gas supplier to Jamaica, announced in July that it would buy gas on the open market after terminating a deal to buy more expensive gas contracts, but it is not clear whether it will result in cheaper light...
Phase one of Ruthven Towers, the residential development that sparked concerns over unit prices that were more expensive than those normally set by the National Housing Trust, NHT, will soon be placed on the market. The NHT subsequently returned to...
An anti-trafficking organisation has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labour on plantations that supply American food and cosmetics...
Unless it further appeals and is successful, National Commercial Bank Jamaica, NCB, will have to fork over hundreds of millions to the NCB Staff Association, which has prevailed in a long-running battle over a profit-sharing arrangement. In the...
For two years, a company called Fuel Deals Express, FDE, has been carving out market share in the competitive petroleum sector through a service built around exclusivity and membership. Don’t arbitrarily drive up to the single island at FDE, cash...
Given the toll of the coronavirus on the economy, businesses are expected to run into even more cash flow problems, warns Howard Mitchell, the immediate past president of the Private Sector Organisation of Jamaica, PSOJ. “I see a tightening up of...
OP-ED CONTRIBUTION: EMERGING MARKET ADVISER The Ecuadorean government, led by President Lenin Moreno, announced that it had reached an agreement with its principal bondholders on the terms of the restructuring. A series of 10 outstanding bonds...
Deutsche Bank has agreed to pay US$150 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein, New York state announced Tuesday. The penalty was announced in a release by Superintendent of...
Mining giant Rio Tinto said Thursday it will close its aluminium smelter in southern New Zealand, resulting in 1,000 job losses and dealing a major economic blow to the region. But environmentalists say the closure of the Tiwai Point smelter could...
KLE Group, the restaurant operator led by Gary Matalon and backed by Director Joe Bogdanovich, spent the equivalent of about $100 million to reacquire its franchise restaurant in Montego Bay, according to documents released this week. The deal was...
A global survey of angel investors has found that more than 60 per cent of start-ups plan to change their business model, while just over a third have definite plans to shift their strategy given the economic effects of COVID-19. A May 2020 survey...
