Traditional media and social media are replete with complaints on banking fees and the quality of services provided by commercial banks in Jamaica. While these complaints are not without merit, I have no issue with the commercial banks as regards...
Fresh off an outsized year in revenues and profits, instant coffee manufacturing company, Salada Foods Jamaica Limited, is sounding a note of caution about the likely impact of supply challenges in both raw material and packaging. General Manager...
Jamaica recorded a slight 0.4 per cent decline in annual remittance inflows to US$3.36 billion in 2024, marking three consecutive years of decline, according to the Bank of Jamaica, BOJ, which regulates the market. The outlook for 2025 remains...
Ivan Hansen, a retired Danish police officer, loaded up his basket at the supermarket, carefully checking each product to avoid buying anything made in the United States. No more Coca-Cola, no more California Zinfandel wine or almonds. The 67-year-...
PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for US$1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “More than ever, consumers are looking for convenient and great-...
Regional natural gas supplier New Fortress Energy, NFE, reported losses of US$234 million for year ending December 2024 as it prepares to sell certain assets in Jamaica, Brazil, and its shipping charters to reduce its debt. “The first asset that...
Forever 21 has filed for bankruptcy protection for a second time and plans to close down its US business as traffic in shopping malls in the United States fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21...
Bauxite mining and alumina refining company Jamalco will invest US$70.5 million ($11 billion) to extend the life of its mining operations by accessing additional bauxite resources in Manchester, though its plan remains a “sensitive” issue. The...
Former Prime Minister P. J. Patterson was quoted recently as saying that the Financial Services Commission “had better pad up a top-class legal team over potential lawsuits from 200 clients whose funds were stolen from their investment accounts at...
As the living representative of the deceased, the executor is responsible for the effective administration of the testator’s estate and risks being removed for cause, but has the right to renounce the executorship. The executor – executrix, if a...
Smart CEOs instinctively know something about game-changing decisions. They correctly conclude that such commitments require the creation of a unique context. But what exactly makes breakthrough strategic thinking different – and why do so many...
Student accommodation provider 138 Student Living Jamaica Limited, 138SL, hopes to come to an agreement with its host, UWI Mona, to settle monies owed to the company by the university. Chairman Ian Parsard says receivables amounting to $700...
Elon Musk’s Starlink signed an agreement with India’s top telecoms operator on Wednesday to bring the American satellite Internet giant’s services to the world’s most populous country, a day after announcing a similar agreement with the country’s...
Southwest Airlines will begin charging customers a fee to check bags, abandoning a decades-long practice that executives had described last fall as key to differentiating the budget carrier from its rivals. Southwest, which built years of...
Trade and political tensions between the United States and its immediate neighbours, Canada and Mexico, are at historic highs, raising fears of a full-scale trade war and a collapse of the US-Mexico-Canada Agreement, the USMCA, which itself was a...
Berger Paints Jamaica Limited has invested $130 million in new infrastructure and machinery with the intention of growing share of the paint coatings market. With the commissioning of the new facility, Berger now has around 1.45 million litres of...
Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession. The tech-heavy Nasdaq stock index...
Banking conglomerate Scotia Group Jamaica Limited, SGJ, achieved net profit of $4.1 billion for its first quarter ending January 2025, up 34.5 per cent year-on-year. The operator of Jamaica’s No. 2 commercial bank continues its trajectory towards...
President of the United States Donald Trump officially increased tariffs on all steel and aluminium imports to 25 per cent on Wednesday, promising that the taxes would help create US factory jobs at a time when his seesawing tariff threats are...
With Elon Musk facing escalating political blowback and financial troubles, President of the United States Donald Trump said he would buy a Tesla vehicle from his company. Musk spent heavily on Trump’s comeback campaign last year and has been a key...
Caribbean Cement Company Limited, CCC, overcame challenging weather conditions to achieve a net profit of $5.9 billion for its December year-end, marking a 6.7 per cent increase year on year. Jamaica’s sole cement manufacturing operation and the...
No permits will be given for the importation of eggs into Jamaica despite the ongoing shortage, Minister of Agriculture Floyd Green has declared. Speaking at a forum on food security, Green said steps will be taken to manage the shortfall in egg...
Pan Jamaica Group Limited made net profit of $6.1 billion, up 63 per cent year on year. The group’s results were generated from revenues of $40 billion, an increase of 38 per cent when compared to the previous year. Group CEO and Vice-Chairman...
