Electrical company FosRich expects to bounce back from a flat half-year, saying its performance to date resulted from one-off events, including an unexpected tax bill. Managing Director Cecil Foster says the company, which recently added...
David Noel, the head of Scotia Group Jamaica, whose remit includes oversight of select countries in Scotiabank International’s regional operations, says Belize remains within the Caribbean network. It was as close as he seemed prepared to get in...
Ryan Reid, president and CEO of First Rock Capital, is set to travel to Costa Rica this week to oversee a residential transaction in that country valued at US$3 million. Pierre Shirley, vice-president in charge of real estate business, is in...
California’s struggling legal cannabis industry is expected to grow this year to US$3.1 billion, but it remains outmatched by a thriving illegal market ripe with bargains, a report concluded Thursday. Consumers are spending roughly US$3 in the...
Spaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert. The once-empty hangar that anchors the taxpayer-financed launch and landing facility has been...
The Economic Commission for Latin America and the Caribbean, ECLAC, has reported a deterioration in the average quality of employment in the region in 2018, a situation it expects will worsen during the course of this year. The regional UN agency...
Radiologist Dr Welsford Sinclair and business partner Joseph Jenkins have received backing from SSL Venture Capital Jamaica for a US$3 million (J$405 million) radiology company the duo intends to set up at 21 Tangerine Place in Kingston. SSL...
Weeks after resigning his post as chief executive of Muse 360 Integrated Limited, André Burnett is looking to fund his second business venture, Fren and Company Limited, for up to US$3 million. The new venture, according to Burnett, is conceived...
The government of President Nicolás Maduro on Thursday nullified the newly named board of Venezuela’s prized Citgo refineries in the United States amid a political battle for control of the country, saying opposition leaders had no right to appoint...
QUESTION: What does open driving mean in the context of motor insurance? Am I not allowed, as a responsible parent, to give permission to my 18-year-old daughter − a student who just got her driving licence − the keys to operate my vehicle...
QUESTION: My daughter completed an early childhood education course and has worked for three years. Now she has decided that she would like to operate her own business, her father and myself has decided that we would give her some financial...
Even the best investors don’t always get it right. It is human to err indeed. Investors make many kinds of mistakes, and there are various reasons they do. A common one is focusing on the short term. Although their goals may be long-term, they pay...
Fast-growing natural gas supplier New Fortress Energy, NFE, aims to raise some US$185 million from a bond issue brokered by NCB Capital Markets Limited. The bond is targeted at institutional investors from around the region, and would represent...
Compared to the free-swinging and sometimes emotional stock market, the bond market is supposed to be the sober and measured one. It’s getting more alarmed. Bonds sounded their loudest warning bell yet of recession on Wednesday, when the yield on...
Blue Power Group shareholders approved resolutions on Wednesday that will lead to the demerger of its soap and lumber operations. The aim is for both companies to trade on the Jamaica Stock Exchange, JSE. The group hopes to list its Lumber Depot...
Hong Kong’s government announced tax cuts and higher social spending Thursday to reverse a deepening economic slump aggravated by anti-government protests and the United States-China tariff war. The territory’s financial secretary, Paul Chan, cut...
Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8 per cent, its 20th consecutive quarter in the right...
PanJam Investments Limited has cashed in a small portion of its investment in Sagicor Group Jamaica, SJ, one of its most lucrative holdings. PanJam Chairman and CEO Stephen Facey says the proceeds from the liquidation of the 32.8 million SJ shares...
The Jamaican Government is finalising legislation to allow for marijuana producers to export the weed. Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw says producers could potentially earn $30 million per gallon for exported...
The Supreme Court has barred JN Bank from disposing of an apartment at Ocean Boulevard on the Kingston waterfront, pending the trial of a claim to determine whether the financial institution acted in bad faith when it sold the property. Devon...
So far, the intake of full-time American students under the agreement that the University of the West Indies, UWI, has with the federal government of the United States has been just two, who enrolled in the faculty of law in the past academic year...
The National Insurance Fund, NIF, a scheme operated by the Government to pay pensioners, saw double-digit growth of 13.6 per cent in the past financial year, due mainly to the performance of its equity portfolio. As at March 2019, the fund’s...
The value of Stationery & Office Supplies Limited, SOS, has jumped more than most other companies on the stock market, especially in the past fortnight...
Airbnb has settled a lawsuit brought by several Oregon women who said the site allowed vacation rental owners to discriminate against customers based on race. The Oregonian/OregonLive reports African American plaintiffs Pat Harrington, Carlotta...
Carreras Limited plans to launch a menthol cigarette encased in capsule that allows smokers to switch to a citrus flavour mid-smoke. It will contain a double-capsule which when tapped or clicked releases flavours. Carreras first added capsule...
