The Jamaica Stock Exchange (JSE) Combined Index declined on Friday with an advance/decline ratio of 27/42. The index moved up by 419.49 points or 0.10 per cent to close at 407,894.58. The JSE Main Market Index advanced by 786.82 points or 0.19 per...
Banking conglomerate Scotia Group Jamaica Limited, SGJ, thinks that the spread of the coronavirus, COVID-19, could lead to a fallout in key sectors, but that the banking sector would see a growth in loans, regardless. The company expects that it...
The Jamaica Deposit Insurance Corporation, JDIC, is looking to new laws to more effectively deliver on its mandate to ensure that depositors get back their money in the event of bank failures. It is also moving to better protect creditors, noting...
Rum maker J. Wray & Nephew Limited, JWN, is not expecting any significant trade fallout from the one-day suspension of production and corporate office operation on Wednesday. Company and health ministry teams spent the day sanitising the Spanish...
Peru is the fourth largest country in Latin America, with the fifth largest population and the sixth largest GDP. Often dismissed by some regional neighbours, it is a well-managed and diversified economy. However, this was not always the case....
Sweeping travel bans accelerated around the globe Thursday, walling off regions, keeping people inside their homes, and slowing the engines of commerce to curtail the unfolding coronavirus pandemic. Princess Cruises, which had one of its ships...
The European Central Bank, ECB, deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak, but its president said monetary policy couldn’t do it alone and called for a “decisive and determined” response...
Pastry maker Honey Bun is going after healthy eaters, students and the resort market with new products that are being rolled out throughout the year. So far, Honey Bun has introduced a wheat-based snack called Pickney Crackers and more recently, a...
The Bank of England slashed its key interest rate by half a percentage point to 0.25 per cent on Wednesday, as part of an emergency package of measures to cushion the “economic shock” of the coronavirus outbreak. In a coordinated move, the United...
The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 24/51. The index moved down 1,928.93 points or 0.47 per cent to close at 411,402.74. The JSE Main Market Index declined by 1,540.81 points or 0....
MBJ Airports Limited, the operator of Sangster International Airport, will revise its passenger forecast for the remainder of 2020 due to travel concerns surrounding the outbreak of the coronavirus, especially the markets from which the most of...
KLE Group, operator of the Usain Bolt Tracks and Records restaurants, is looking to a mix of fresh capital and new partnerships to fuel its growth plans. The company is pushing ahead with plans to grow UBTR internationally, notwithstanding its...
US stocks, oil and other financial markets around the world clawed back some of their historic plunge from a day before on hopes that the United States and other governments around the world will pump in more aid for the virus-weakened global...
QUESTION: Mr Smith, I have to commend you for the article on Letay Williams. I didn’t read the story until you suggested it in your article. I was inspired by it and thank Letay Williams for telling her story. Two points jump out at me: the part...
Poultry producer Jamaica Broilers Group, JBG, says it has dealt with the issues that negatively impacted its last quarter, including currency losses and depressed markets in Haiti. Now it’s keeping watch on the coronavirus, but is bullish about the...
The Jamaica Urban Transit Company (JUTC) and its energy partner are yet to do the analysis, but the bus company is already encouraged by the raw data from the pilot testing of natural gas as a fuel source for its fleet. New Fortress Energy, NFE,...
Saudi Arabia’s state-run oil giant Saudi Aramco said on Tuesday it would increase its crude oil production to 12.3 million barrels a day in April, a record amount. The move seemed to make good on the country’s promise over the weekend to increase...
The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 19/54. The index dropped by 13,963.58 points or 3.27 per cent to close at 413,331.67 The JSE Main Market Index declined by 15,605.81 points or 3.58...
A clash of the oil titans – Saudi Arabia and Russia – is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States. In the short...
World stocks and the price of oil dropped sharply again Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus outbreak. Rumours that Chinese officials might be overstating the extent to...
ADVISORY COLUMN: PRODUCTIVITY As an executive, you must make an annual decision about your organisation’s strategic plan. Should the exercise be done as a team, hire outsiders to perform a study, or simply fall back on the CEO’s thinking? While...
ADVISORY COLUMN: INSURANCE HELPLINE Last Wednesday night my wife unexpectedly shared with me a message she received from a WhatsApp group. It originated from the Catholic Media Services Limited, CAMSEL, the communication arm of the Archdiocese of...
COLUMN: FOREIGN POLICY Two weeks ago, Caribbean heads of government passed a resolution critical of United States policy towards Cuba. Under normal circumstances this would not be worthy of comment as the region is known for its long-standing...
GraceKennedy expects to take control of Key Insurance this week after closing a cash offer for the general insurer on March 2. The level of subscriptions was not disclosed, but it’s clear the conglomerate achieved sufficient take-up of its $2.01...
