A cottage industry is developing around the production of masks as replacement for lost business during the coronavirus crisis or the chance to earn new income. And even established companies have turned to it as a lifeline. The national COVID-19...
Jayati Ghosh Guest Columnist OP-ED CONTRIBUTION: FINANCIAL ORDER The COVID-19 pandemic has thrust the entire world – rich and poor – into uncharted territory, prompting extraordinary policy responses almost everywhere. The looming economic...
By September, the real estate arm of First Rock Capital expects to launch a $1.4-billion luxury town house development, pending clearance of all regulatory hurdles. Executive vice-president of First Rock Capital Pierre Shirley says that while the...
EUROPEAN GOVERN-MENTS remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and proposals to borrow together to pay for the...
Membership shopping club PriceSmart will shelf or delay investment plans to build new warehouses in Jamaica and Colombia. The suspension of plans comes despite the retailer registering a double-digit rise in March sales when compared with year-...
A US$4.28 MILLION court award to Fly Jamaica Limited for breach of contract against ADS Global Limited, the company that operated the airline’s call centre from 2012 to 2014, has been put on hold pending an appeal. However, a stay of execution of...
GERMAN AIRLINE group Lufthansa said it was permanently removing some of its large aircraft from service and reducing capacity for the long term, saying it will take years for demand for air travel to return to levels seen before the coronavirus...
THE CANADIAN partner in Epican Medicinals Limited has scaled back its market expectations for Jamaica and shelved plans to export weed from the island. The Green Organic Dutchman, TGOD, disclosed in its March financials a CDN$4.3-million ($430-...
OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Every year, governments around the world spend a combined total of more than US$1.8 trillion on defence spending. The smartest minds in the world are deployed to develop new materials, software and...
The JSE Combined Index advanced by more than 4,600 points or 1.2 percent on Wednesday to close at 390,224.75 points. The JSE Index advanced by 4,975.85 points ( 1.28 per cent) to close at 393,629.79 and the JSE All Jamaican Composite Index advanced...
As the threat of a large-scale negative health and economic impact of the coronavirus continues to loom large over the Jamaican landscape, many business people are taking the necessary precautions to protect their employees from COVID-19 and...
THE ACCESS to Finance Facilitation Panel (AFFP) formed by the Private Sector Organisation of Jamaica last year, has tweaked its communication format from workshop to a Facebook Live Podcast to help small enterprises navigate the coronavirus crisis...
Internet shopping and home deliveries are fast becoming the new ways to stock up on grocery items across Jamaica in the wake of stay-at-home directives to slow the spread of the coronavirus (COVID-19). And for those shoppers who still want to make...
Digicel Group plans to slash a quarter of its debt in a major refinancing deal that it says already has buy-in from large bondholders, including lock up agreements for two bonds. The company proposes to shave US$1.7 billion of debt, from its...
Canadian company TC Energy said Monday that it’s started construction on the long-stalled Keystone XL oil sands pipeline across the United States-Canada border, despite calls from tribal leaders and environmentalists to delay the US$8 billion...
Mexico President Andrés Manuel López Obrador promised Monday to stick with his modest economic recovery plan after the country’s main business groups reacted negatively to the proposal, which would expand his signature social programmes and tighten...
Medical Disposables and Supplies Limited, MDS, will no longer accept walk-in customers, but has carved out two exceptions: those making oncology and vaccine purchases. Otherwise the company said in a stock market filing it would continue its...
The Fair Trading Commission, FTC, said it had concerns about the potential for the discriminatory imposition of rights fee by Supreme Ventures Limited, SVL, in favour of its subsidiary bookmaker Post to Post Betting Limited and against competing...
Business is down 80 per cent for microbusiness Mira Botanicals, but owner Helen daCosta hopes to stick to her timeline of scaling up the venture, and placing her all-natural body care products in shops and pharmacies across the country before the...
Cuban officials say that a shipment of coronavirus aid from Asia’s richest man, Jack Ma, has been blocked by the six-decade United States embargo on the island. Carlos M. Pereira, Cuba’s ambassador to China, said on his blog last week that Ma’s...
Scotiabank says it will be closing eight branches amid the coronavirus in Jamaica. The bank says the closures will run from April 15 to April 30. Affected branches: 1. Christiana, Manchester 2. Cross Roads, Kingston 3. Ironshore, St...
COLUMN: FOREIGN POLICY Speaking recently in New York, the state governor, Andrew Cuomo, gave a frank take on the coronavirus pandemic and its impact on people’s lives. “The stress, the emotion, is just incredible, and rightfully so. It is a...
