Pro-Vice-Chancellor of Planning for the University of the West Indies (UWI) Professor Densil Williams is describing as incubatory plans to offer shares in the institution via an initial public offering (IPO) that would result in its listing on the...
Flavocure LLC, a drug company founded by Jamaican scientist Dr Henry Lowe, now has a fresh injection of capital from Canadian firm Atlas Biotechnologies Inc, which has taken a 20 per cent stake in the operation.Atlas has paid US$5.75 million for the...
Leaders of the World Bank, International Monetary Fund (IMF) and other global financial organisations warned Tuesday that trade tensions pose a growing risk for emerging economies.With the United States and China embroiled in their worst trade...
The United States Federal Reserve is proposing to ease requirements for holding capital and cash for US banks that are big, but not as big as the Wall Street mega-banks.The Fed's proposal is the latest move by federal regulators to relax government...
More than a year after Hurricane Maria caught Puerto Rico's government wildly unprepared, officials acknowledge they still haven't come up with a plan to cope with the next such disaster - and it's not clear when they will.The United State territory...
State-owned provider of export-import lending EXIM Bank Jamaica is hunting fresh cash for what Managing Director Lisa Bell regards as the country's underfinanced productive sector.EXIM Bank is selling the ground floor of the apartment complex, The...
Proven REIT and JMMB Fund Managers, companies owned by rival financial firms, have come together to acquire a commercial property, spanning 58,000 square feet of space, at the Portmore Pines Shopping Complex in Greater Portmore, St Catherine.The...
The Ministry of Finance and Planning has commissioned a study to assess competition in the space within which commercial banks operate in Jamaica with a view to identifying bottlenecks and impediments and to ensure a more competitive market.Among...
North Korean leader Kim Jong Un and Cuban President Miguel Diaz-Canel - both hoping to get out from under United States economic sanctions - have agreed to expand and strengthen their strategic relations, North Korea's state media reported Monday....
Published:Monday | October 29, 2018 | 12:00 AMSteven Jackson
The Bank of Jamaica, BOJ, which issued its first tweet on Monday, says it's one more medium it can use to curb the spread of misinformation."Ceteris paribus we estimate this to be our first tweet," said the central bank's first message on Twitter....
Published:Friday | November 2, 2018 | 12:00 AMAvia Collinder
The Airbnb community in Jamaica featured 3,700 active hosts on the company's platform, according to Leila Suwwan of the Airbnb Latin America unit.That's 600 more than the numbers in December when the platform registered 3,100 active hosts and 5,900...
QUESTION: My vehicle was stolen last year. I reported the incident to the police and my insurer. After waiting patiently for 12 months, they wrote me on October 4, 2018. The letter said that based on investigations, they concluded that the loss was...
Published:Friday | November 2, 2018 | 12:00 AMSteven Jackson
In just over a week, the board of Jamaica Public Service Company will vote on a proposal to distribute around $1.3 billion to the power utility's owners as dividend, nearly a fifth of which would flow to the Jamaican government.But the funds are...
In most Jamaican companies, there is an unquestioned assumption that long staff tenure is an indicator of strong company loyalty. But maybe it's not.I suggest that as the economy grows, it may reveal a deeper truth: these benefits occur with a high...
QUESTION: What is the difference between trading and investing? What do you call trading a security as opposed to investing in a company's stock? Is it based on time?- JadenFINANCIAL ADVISER: Investing is using money to make more money by gaining...
Among the extra-ordinary technological advances that will take place globally over the next decade, the most potent for the Caribbean may be artificial intelligence or AI.This is because its rapid introduction into almost every commercial aspect of...
The leaders of Russia and Cuba vowed Friday to expand what they called their "strategic" ties and urged the United States to lift its blockade of Cuba.In a joint statement issued after their talks, Russian President Vladimir Putin and Cuban...
Azure skies can suddenly turn into heavy rains, and back again into pastel blues, in the tropical environs of Costa Rica.Just as the weather can reverse in a moment's notice, the economic mood is also prone to manic...
The Supreme Court has ordered the discharge and indemnity of trustees of the defunct Air Jamaica Pension Fund, once all remaining accumulated funds held in trust is paid over to the court.Those funds...
The central bank took the unusual step on Monday to cancel a repo auction for which it got three bids for the $500 million on offer.It's not the first time that the weekly auction has been stayed, but the...
The evolution of teamaker Shavuot InternationalThe older son had big dreams but no money. The father had retired with a good pension and decades of experience in manufacturing.The combination gave rise to...
The Government of Jamaica is recruiting a consultant to pick assets held by the Urban Development Corporation, UDC, for transfer to a special holding company.That special purpose vehicle would then be listed on...
The rankings for business friendliness this year were mixed for Jamaica, prompting the head of the state agency charged with positioning the country for international...
Turkey embarked on a search for oil and gas in the east Mediterranean on Wednesday in a move that could stoke regional tensions, with the country warning it would thwart "unilateral,...
The name of the store is High North, but it might as well be named high and dry because for all but about four hours of the first two weeks since marijuana was legalised in Canada, there was none to sell.Trevor Tobin,...
