In October 2016, the head of Russia’s largest oil company travelled to the birthplace of Hugo Chávez, in the empty, sweltering plains of Venezuela, to unveil a giant bronze statue of the late socialist leader that he and his long-time friend,...
The Jamaican Govern-ment has amended the highway concession agreement to waive any claim or right to compensation by TransJamaican Highway with respect to the widening of the Nelson Mandela Highway and the completion and commissioning of the North-...
Key Insurance Company directors voted to accept the takeover offer from the GraceKennedy conglomerate to acquire majority stake in the entity, albeit at a steep discount on the stock’s trading price. The GK offer, priced at $2.01 per share, was set...
Pharmacy operator Fontana Limited grew its profit by 20 per cent in the December 2019 quarter due to activity at its new Waterloo Square branch in Kingston. The outlook remains strong, both from the perspective of sales and purchases, according to...
The Bank of Jamaica (BoJ) says it will keep its policy rates unchanged while targeting slightly higher inflation to spur on the economy. "Looking further ahead, the BoJ expects that the annual rate of consumer price increase will average about...
The European Union unveiled proposals Wednesday to regulate artificial intelligence, AI, that call for strict rules and safeguards on risky applications of the rapidly developing technology. The report is part of the bloc’s wider digital strategy...
Published:Wednesday | February 19, 2020 | 12:00 AM
The Jamaica Stock Exchange (JSE) combined index declined on Wednesday with an advance/decline ratio of 38/28. The JSE Combined Index declined by 737.87 points or 0.15 per cent to close at 481,453.65 The JSE Main Market Index declined by 1,256.86...
Published:Wednesday | February 19, 2020 | 12:00 AM
A telemedicine provider in Jamaica is encouraging more use of telemedicine locally because it is cost effective to both patients and hospitals. “Telemedicine allows for a variety of benefits because it is convenient, especially as it relates to...
Published:Wednesday | February 19, 2020 | 12:32 AM
Training institute iCreate Limited has raised $24 million through a bond issue, which CEO Tyrone Wilson says will be used for working capital support. The bond, which was issued on February 7, is structured for semi-annual payments at 12.5 per cent...
Pulse shareholders on Tuesday approved the creation of an additional 5.55 billion shares in the modelling and hospitality company. That will take its authorised capital to 7.5 billion shares and sets the stage for Pulse Investments Limited to...
In six months, Sygnus Credit Investments Limited has doubled its portfolio of investments, nearly half of which is deployed in Jamaica. The company’s has made 23 private credit investments valued at US$54.35 million to the period ending December...
Information technology service provider tTech Limited is hoping to grow its business by convincing more small, medium, and large companies in Jamaica and overseas to focus on running their operations, while handing over the development and...
Published:Wednesday | February 19, 2020 | 12:21 AM
Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile cut into international sales. Walmart also delivered a weak profit forecast for the year,...
Published:Wednesday | February 19, 2020 | 12:21 AM
The European Union has added four countries and jurisdictions to its blacklist of tax havens, including the British overseas territory Cayman Islands. EU finance ministers decided to also add Palau, Panama and the Seychelles to the list of...
Published:Wednesday | February 19, 2020 | 12:19 AM
Courier company Mailpac Group Limited beat its own revenue forecast for the December quarter, and is bullish about the year ahead based on expectations of growth in the online shopping space. The company in its first set of financials since its...
Published:Wednesday | February 19, 2020 | 12:12 AM
Private equity outfit Portland JSX Limited has wrapped up its investing phase, having taken positions in ten companies. The fund is now in its operational cycle, where it will focus on driving value from its investments, says Managing Partner of...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Tuesday with an advance/decline ratio of 34/32. The index moved up by 1,459.19 points or 0.30 per cent to close at 482,191.52 The JSE Main Market Index advanced by 1,450.74 points or 0.30...
Automakers are reopening factories in China that were idled by anti-virus controls as they try to reverse a sales slump in their biggest market. Local officials have orders from the ruling Communist Party to get businesses functioning again while...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Monday with an advance/decline ratio of 37/31. The index moved up by 1,811.81 points or 0.38 per cent to close at 480,732.33. The JSE Main Market Index advanced by 2,384.71 points or 0.49...
Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it’s the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold...
Two weeks ago, Trinidad & Tobago’s Prime Minister, Dr Keith Rowley, delivered a major speech that sought to define the future trajectory of his country’s energy policy...
ADVISORY COLUMN: SMALL BUSINESS In October 2018 a desperate entrepreneur contacted me for help. Her marketing consulting business was on the verge of collapse, and now posed a serious threat to her financial security and personal liberty. The...
Everything Fresh Limited, EFresh, has scrapped the production of pork and its by-products at its newly acquired business, Meats Experts, citing negative returns from the slaughtering of pigs. EFresh, which has been in the business of food...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: Do we need a credit card to build credit score? Someone at the bank told me it is mandatory. – Michelle FINANCIAL ADVISER: Financial A credit bureau is an independent agency that compiles...
ADVISORY COLUMN: INSURANCE HELPLINE QUESTION: A family member was driving a European-made SUV recently when it suddenly accelerated. He said that he slowed down to negotiate a bend when the engine sped up. Because that was so unexpected, the...
