Business

Digicel Group chairman Denis O’Brien has put up the telecoms regional headquarters on the Kingston waterfront as collateral under a debt deal with bondholders. The Digicel founder committed to putting up US$50 million – half in cash and the rest in...

Energy company Royal Dutch Shell told investors on Thursday that it aims to stop adding greenhouse gases to the atmosphere by 2050, a move that was welcomed by some climate campaigners even as others called it “corporate greenwash”. The British-...

JAMAICA’S LARGEST insurance conglomerate, Sagicor Group, says it can weather a three-month shutdown of the country without too big a financial impact, but the longer the health crisis lasts, the more risks the company faces. Sagicor has gamed out...

ZAYIN PEST Solutions is an example of a company repurposing and refocusing during a health and economic disaster to take advantage of emerging opportunities, even as its traditional area of business activity takes a beating. The year-old start-up...

MONTHS BEFORE Jamaica confirmed its first case of the new coronavirus, the country of 2.8 million people was already showing signs of a slowdown in economic performance, according to data released by the Statistical Institute of Jamaica, Statin,...

Global demand for oil will fall this year by the most ever due to the economic lockdowns enforced around the world to contain the coronavirus pandemic, the International Energy Agency, IEA, said Wednesday. An estimated drop in demand of 9.3 million...

OP-ED CONTRIBUTION: COVID...

JMMB Fund Managers Limited, JMMBFM, has struck a deal with four-year-old company Wise Construction to develop luxury homes, marking its entry into the residential real estate market as a minority partner. The housing project is earmarked for a one-...

A French court has ordered Amazon to stop selling, receiving or delivering non-essential goods for the next month to protect its employees from the virus. Amazon protested Tuesday’s emergency ruling, while unions hailed it as a victory for workers...

The number of Americans getting on airplanes has sunk to a level not seen in more than 60 years as people shelter in their homes to avoid catching or spreading the new coronavirus. The Transportation Security Administration screened 94,931 people...

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I would like to know if I can transfer a bond investment from one financial institution to another, that is, remove the bond investment without selling it. – Ainsworth FINANCIAL ADVISER: You...