EUROPEAN AFFAIRS ministers agreed Tuesday to allow Albania and North Macedonia to begin European Union, EU, membership talks, paving the way for the bloc’s leaders to sign off on the move that could end years of setbacks and disappointment for the...
Ann-Dawn Young Sang is out as president and CEO of Supreme Ventures Limited amid a reorganisation of the group that she led, and a prospective opening up of the market to new competition. Her departure comes two and a half years after she was...
TransJamaican Highway, TJH, lost just under $3 billion in market value at its market debut on Tuesday. The value of the shares dropped 16.3 per cent to $1.18, reducing the company’s market value from $17.6 billion to $14.7 billion at the close of...
The proposed perimeter toll road in Montego Bay, projected to cost about US$140 million and deliver double-digit returns to the operators, could see traffic restrictions on Gloucester Avenue, the main existing road that runs through the tourism...
BIOPRIST GROUP, the Montego Bay-based holding company for Indies Pharma, Bioprist Pharmaceuticals and Bioprist Knowledge Park Limited, has donated what its principal says is an initial $1 million to Jamaica’s COVID-19 relief fund. In making the...
Chinese authorities said Tuesday they will end a two-month lockdown of most of coronavirus-hit Hubei province at midnight, as domestic cases of what has become a global pandemic subside. People with a clean bill of health will be allowed to leave...
BY NOW, it’s hard to find someone whose grandparents are old enough to recall the suffering of the Great Depression or the stream of rescue programmes the government unleashed in response to it. All but gone, too, are memories of President Franklin...
OP-ED CONTRIBUTION: VIRUS IMPACT The COVID-19 global pandemic is going to trigger a major global recession. While Caribbean countries are not yet at the epicentre of the pandemic, as the global travel and tourism industry faces a sudden stop,...
In a world suffering a pandemic, cash is no longer king. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a...
IN ITS boldest effort to protect the United States economy from the coronavirus, the US Federal Reserve says it will buy as much government debt as it deems necessary, and will also begin lending to small and large businesses and local governments...
Wall Street ended the week the same way it began: in full retreat from the coronavirus. Stocks fell sharply and the price of oil sank on Friday as federal and state governments moved to shut down bigger and bigger swathes of the nation’s economy in...
Production companies that provide lights, stage and sound for major or minor events say they are haemorrhaging cash amid postponements of activities as Jamaicans hunker down to weather the coronavirus. Three of the key players in the sector, each...
Jamaica’s 25 credit unions will not host annual general meetings (AGMs) during the early stages of the coronavirus crisis, for which they would have needed permission from Registrar of Co-operatives Errol Gallimore. The registrar has taken a...
A foreign developer has struck a deal with Dolphin Cove Limited to acquire a 23-acre property that it owns, and which houses one of its marine parks in Hanover, under a lease-to-purchase arrangement. The foreign company is expected to develop a...
ADVISORY COLUMN: PRODUCTIVITY If, like most leaders, you are struggling with the rude COVID-19 surprise, consider that this is just the beginning of a new normal. Some say there are other massive disruptions on the horizon. Perhaps one way to cope...
COLUMN: FOREIGN POLICY The Caribbean is about to experience a crisis of a kind that no one in the region or anywhere else in the world could have predicted. COVID -19, the coronavirus, which is now present across the Americas will for a while...
ADVISORY COLUMN: INSURANCE HELPLINE Kumar Mehta writes about innovation for the American business magazine Forbes. He founded an Innovation Think Tank and is a bestselling author. His PhD dissertation was about the diffusion of innovations. He...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am an undergrad student at the University of Technology, Jamaica attending full time. I am 22 years old and have accumulated funds over the past years to $160,000. I would like to invest...
Karen Burke says her Christian faith is very important, not only to her personal life, but to her professional pursuits as well. That’s the main reason her two-year-old woodwork business is named JC The Carpenter. JC stands for Jesus Christ....
Jamaican stocks suffered another collapse on the first day of a government shutdown Wednesday as a virus-containment strategy, then clawed back a tiny portion of those losses on Thursday. But while the market fell 10,768 points, or 2.85 per cent,...
S tocks were swinging between gains and losses in early trading on Wall Street Thursday, but the moves were more subdued than the wild jabs that have dominated recent weeks. At least for now. The S...
F ord is suspending its dividend to preserve cash as vehicles sales fade due to the coronavirus outbreak. The company said it’s drawing on two credit lines to put another US$15.4 billion in cash on its balance sheet. Like other companies, Ford...
Based on the market estimates of GDP, the Jamaican economy generates $5.7 billion of value each day, a tenth of which is contributed by government services. For the three quarters of 2019 for which economic data has been published, government...
