Business

SSL Venture Capital Jamaica Limited, which trades as SSL Ventures, says the issues relating to its accounts that led to its suspension on the stock exchange, are now resolved. Auditors Baker Tilly Strachan Lafayette previously completed a 12-month...

D estruction of the forests can be swift. Regrowth is much, much slower. But around the world, people are putting shovels to ground to help it happen. In a corner of the Peruvian Amazon, where illegal gold mining has scarred forests and poisoned...

Paramount Trading Limited officially commissioned its lubricants blending plant this week, but the joint-venture facility developed with American partner Allegheny has been operational for more than a year, since March 2018. Since then, the...

The 16-day strike by auto workers has cost General Motors, GM, about US$1 billion according to at least one estimate, while a parts shortage forced the company to close pickup truck and transmission plants in Mexico. Spokesman Dan Flores confirmed...

UPS says it has won government approval to run a drone airline, a first for an American company, and it plans to expand deliveries on hospital campuses and eventually other industries. United Parcel Service Inc said Tuesday that its drone...

Lifestyle company Pulse Investments Limited, which expanded the hospitality operations at its New Kingston location to include accommodations, more than doubled profits at year ending June. Chairman Kingsley Cooper says Pulse, which operates a...

A year ago, it was a crime, something most banks would not touch. It officially became a business line recently for one local bank, something it trumpeted in a press release. Wyomissing-based Customers Bank announced it will start providing...

Sugar and rum producer Worthy Park Estates has introduced a rum tour, which it sees, initially, as a way to raise awareness of the company’s brand but a revenue earner in the long run. Worthy Park invested just about $6 million to retrofit the...

The second-largest shareholder in distribution outfit Derrimon Trading Company Limited, DTL, has sold its stake to Mayberry Jamaican Equities Limited, MJE. Manwei International Limited held just two per cent of Derrimon when the distribution...

A foreign hotel company that sued its bank over fraud allegedly committed by its own employees twelve years ago, had its lawsuit tossed by the Supreme Court in September. Branch Developments Limited, which trades as Iberostar Rose Hall Beach Hotel...

WeWork’s new leaders formally suspended a planned stock market début on Monday as they seek to repair the battered image of a company that appeared to revolutionise the office-rental industry and was poised just weeks ago to go public with a value...

The annual customs seminar staged by the Jamaica Chamber of Commerce this year placed its spotlight on Jamaica’s emerging creative economy, including the treatment of imported fine art. The issue resolves around the opaque methods used to value art...