The Bank of Jamaica (BOJ) has begun the process of procuring an electronic trading platform that is intended to facilitate inter-bank activity and foreign exchange transactions among traders. But the central bank, which previously indicated the...
Although the Port Authority of Jamaica (PAJ) is pumping US$40 million into Port Royal, the agency says the port project, which involves marine and landside works, is a discrete development and not meant to address the full transformation of the...
Amid movements by SSL Growth Equity Limited to tap the market for its next round of capital for expansion, two of its CEOs in charge of subsidiary companies, Lamar Harris and Drew Gray, have put in their resignations. But neither is fully cutting...
ExxonMobil has made the world’s third-biggest gas find in the last two years off the cost of Cyprus, the country’s government said Thursday. Energy Minister Georgios Lakkotrypis said the discovery of an estimated 5-8 trillion cubic feet of gas...
Since last year, the United States has waged a vigorous diplomatic offensive against the Chinese telecommunications giant Huawei, claiming that any nation deploying its gear in next-generation wireless networks is giving Beijing a conduit for...
Cabinet ministers rallied around Canadian Prime Minister Justin Trudeau on Thursday, a day after his former attorney general testified that Trudeau had inappropriately tried to pressure her to avoid prosecution of a major Canadian engineering...
A jackhammer reduced prototypes of President Donald Trump’s prized border wall into piles of rubble on Wednesday, a quick ending to an experiment that turned into a spectacle at times. The four concrete and four steel panels, spaced closely...
The Mona School and Business and Management, MSBM, has not only been advancing top quality business education in Jamaica for the past 12 years, but has also been involved in ground-breaking research and the real-life application of research...
The share price of real estate company 138 Student Living Jamaica, 138SL, which builds and rents dorms to students at The University of the West Indies, more than tripled in less than 30 days to become one of the top-performing stocks so far in...
Dr Timothy Harris, the prime minister of St Kitts-Nevis, says new threats are emerging to the sovereignty of Caricom member states, and is pointing fingers at the EU bloc. Speaking as the current chairman of Caricom at the 30th Inter-Sessional...
Sygnus Credit Invest-ments Limited, SCI, issued credit to an additional six companies in the December quarter, bringing its deals since inception to 16, and is signalling that it has more prospects lined up. But the two-year-old company, while...
Voters in central Mexico approved a stalled, gas-fired power plant, one of seven projects that have been postponed, in many cases for years, by community opposition. Roughly 60 per cent of those voting in a referendum called by President Andrés...
In April, at least nine Jamaican coffee outfits will head to Boston for the annual Speciality Coffee Association’s exhibition, where they will showcase their brands of Jamaica Blue Mountain, or JBM, coffee in a single booth. It’s meant to be the...
The United Kingdom struck a trade deal on Wednesday for a post-Brexit world, obtaining approval from other World Trade Organization (WTO) members to stay part of a competitive market for lucrative government contracts after the country leaves the...
Published:Wednesday | February 27, 2019 | 12:00 AM
Pharmacy company Fontana Limited grew sales at a slower pace than its expenses, which led to a 17 per cent dip in profit for the December quarter. The company’s larger outlay is linked to the costs incurred to float Fontana on the junior stock...
Published:Wednesday | February 27, 2019 | 12:27 AM
Jamaica’s sole manufacturer of cement set another record for revenue in its last financial year, in which it posted a profit of $2.47 billion. The results follow the restructuring of inventory and manpower and other efficiency measures, as well as...
The probability of finding oil offshore Jamaica improved to a one-in-five chance of success, based on an independent report utilising 3D data. The 2019 report also upsized the 2017 baseline estimates of the quantity of possible oil reserves from...
Published:Wednesday | February 27, 2019 | 12:00 AM
OP-ED CONTRIBUTION: LEGAL AFFAIRS The Labour Relations Code holds one of the most interesting positions in our legal landscape. In one breath it is stated specifically to be not a law, but at the same time it governs relationships between persons...
Published:Wednesday | February 27, 2019 | 12:00 AM
Philip Armstrong, one of the more senior members of the Sagicor Group executive team, will leave the insurance conglomerate at the end of May, according to a market filing on Tuesday. His departure, set for May 24, comes amid what seems to be a...
The Mona School of Business and Management, MSBM, is a top business-education institution in the Caribbean and Latin American region. But despite being a member of the Association to Advance Collegiate Schools of Business, AACSB, the business...
Published:Wednesday | February 27, 2019 | 12:00 AM
Tesla CEO Elon Musk’s tweeting habits have triggered another legal challenge from stock market regulators worried about him using his Twitter account to mislead investors. The latest dust-up emerged late Monday when the US Securities and Exchange...
Published:Wednesday | February 27, 2019 | 12:00 AM
A top executive at Chinese tech supplier Huawei poked fun at US intelligence on Tuesday as he sought to reassure people attending the world’s biggest mobile industry fair that the company’s technology is secure. Guo Ping, Huawei’s rotating chairman...
Published:Wednesday | February 27, 2019 | 12:00 AM
British Prime Minister Theresa May bowed to intense political pressure Tuesday and handed control of Brexit to Parliament, telling lawmakers they will get to choose between leaving the European Union, EU, on schedule — with or without a divorce...
Faced with depressed sales for coffee companies, the Jamaica Agricultural Commodities Regulatory Authority, JACRA, which depends on the sectors it regulates for income, is cutting its budget amid expectations that its revenue inflows will be lower...
Keith Duncan, co-chairman of the Economic Programme Oversight Committee, EPOC, Duncan described the budget tabled in Parliament earlier this month as “responsible” and one which provides a glide path for the final review of the Jamaican economy by...
