Juul Labs said Thursday it will halt sales of its bestselling, mint-flavoured electronic cigarettes as it struggles to survive a nationwide backlash against vaping. The voluntary step comes days after new government research showed that Juul is the...
Honda has become the latest automaker to report weaker earnings as global demand softens. The company said Friday that its profit in the July-September fell 6.7 per cent from a year earlier to ¥196.5 billion (US$1.8 billion) as vehicle and...
Jamaica’s top banking conglomerate, NCB Financial Group, plans to enter into new markets as part of its five-year growth aspirations. The bank, which has been growing through acquisition, racked up another year of record profit for the fiscal...
NCB Insurance Company, NCBIC, is laying claim to being the oldest continuing pension fund in Jamaica, but they fall second behind the top fund manager Sagicor Life in terms of market dominance. The private pension market is valued above $600...
QUESTION: I prepaid on my NHT loan for several months and noticed that my loan amount was actually increasing instead of decreasing. I am not in arrears. When I investigated, I was told that because there was no activity (payment) in the account...
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In the past few days, Barbados Prime Minister Mia Mottley has reiterated her belief that to progress, the region must make the Caribbean Single Market and Economy, the CSME, fit for purpose. Ms Mottley suggested that if the region is not to be...
The new procurement regime that is meant to give Jamaican suppliers a better fighting chance at winning public contracts will be put to the test, starting this week. The Public Procurement (Domestic Margin of Preference) Order, a system designed to...
Sagicor Group Jamaica earnings spiked 18 per cent in the third quarter, due to growth in its core operation. Profit for the insurance conglomerate improved to $4.17 billion in the September quarter. “It has been a very good quarter for us,...
A mendments to the law that polices Special Economic Zones, SEZ, called for by players in Jamaica’s business process outsourcing, or BPO, sector could become a reality by end year, just in time for the transition from free zone operators to SEZ...
Thalia Lyn is ready to step out of the top job as chief executive officer officer at Island Grill and devote more time to her charitable work, having more than accomplished the initial mission that led her in the late 1980s to give up her preferred...
Sagicor Select Funds Limited is heading back to the market with an offer of shares in a new fund that will track the listed manufacturing and distribution companies that make up the M...
J apan’s top automaker Toyota said Thursday its net profit edged one per cent higher in July-September as vehicle sales grew around the world. Toyota Motor Corp’s profit for the second fiscal quarter totalled ¥592 billion (U$$5.4 billion), up from...
B eijing and Washington have agreed to reduce some punitive tariffs on each other’s goods as talks on ending their trade war progress, a Chinese spokesman said Thursday, removing a possible stumbling block to a settlement. The agreement came...
T he growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in the run-up to a general election that could have huge...
Panama is one of the better managed economies in Latin America. Boasting an investment-grade rating and with the highest per capital income in Latin America, Panama is the envy of its neighbours. However, it has not always been that way. Panama has...
C anterbury Group, a Cayman Islands-based investment firm, has set up a company under the name, Jamaican Brew House Hops and Herbery, through which it intends to produce cannabis-infused beers. The company, which was launched on October 15 by a...
Jitters in the foreign exchange market, especially over the past three weeks, have pushed the value of the Jamaican dollar to a new low, with Jamaicans now having to shell out nearly $142 on average to buy one US dollar. But the Bank of Jamaica,...
Wisynco Group is reporting a surge in first-quarter profit on the back of a one-third increase in revenues that it attributes to the alliances cobbled with sugar and rum producer Worthy Park Estates and snack maker JP Snacks. For the period ending...
S upreme Ventures’ regional expansion plan, the full details of which are yet to be disclosed, will see top boss Ann-Dawn Young Sang leading the initiative with two lieutenants at her side. The gaming and lottery company will expand regionally...
R egional insurer Guardian Holding Limited, GHL, has weathered the insurance claims faced in the wake of Hurricane Dorian. “These results are quite remarkable, as your group booked a net loss reserve of TT$86 million (US$12.7 million) before tax,...
Japanese technology company SoftBank Group Corp tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing start-up WeWork. SoftBank’s founder, Masayoshi Son, said...
A dispute has erupted over the construction of a villa and beachfront structures in the upscale Lagoons residential community in Montego Freeport by medical doctor and entrepreneur Dr Guna Muppuri. The homeowners’ association, Lagoons Management...
Airbnb Inc has agreed to provide Hawaii with records of many of its island hosts as the state tries to track down vacation rental operators who haven’t been paying their taxes. Airbnb and the state Department of Taxation reached the agreement last...
