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Business

Published:Wednesday | November 20, 2024 | 12:07 AMNeville Graham/Business Reporter

In a first for Jamaica, 16 tonnes of liquid medical-grade oxygen have been exported to Caribbean neighbour The Bahamas. The shipment also represents Massy Gas’ first effort in a big export push. The company has another plant in Trinidad and Peter...

Published:Wednesday | November 20, 2024 | 12:07 AM

At the top of the list of measures to be agreed at the COP29 United Nations Climate Change Conference in Baku, Azerbaijan, is the new collective quantified goal on climate finance, which will support climate action in developing countries after...

Published:Wednesday | November 20, 2024 | 12:07 AMNeville Graham/Business Reporter

A softening of demand for frozen and chilled products, lower visitor arrivals, the reduction in remittances, and some inflationary effects “all seemed to have resulted in lower-than-expected overall consumption” during the September quarter,...

Published:Wednesday | November 20, 2024 | 12:05 AM

Investment outfit GK Capital Management Limited is touting a new frontier called alpha investing. Managing Director Kareem Tomlinson says the company is introducing a business model that will allow investors to chart a way forward with greater...

Published:Wednesday | November 20, 2024 | 12:05 AM

Sagicor Group Jamaica Limited, SGJL, saw its profit for the September 2024 third quarter fall to $2.7 billion, a 40 per cent decline compared to the same period last year, because of economic challenges. “Despite the difficult economic climate and...

Published:Tuesday | November 19, 2024 | 12:06 AM

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the...

Published:Sunday | November 17, 2024 | 12:09 AM

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday. The company confirmed the...

Published:Sunday | November 17, 2024 | 12:09 AM

A computer expert who stole bitcoin worth billions of dollars at current prices – and then spent years laundering some of the hacked cryptocurrency with help from his wife – was sentenced on Thursday to five years in prison. Ilya Lichtenstein...

Published:Sunday | November 17, 2024 | 12:09 AM

Recent data from the United Kingdom’s Office for National Statistics, ONS, have gained global attention rekindling the conversation that flexible work arrangements, once seen as a temporary solution during the COVID-19 pandemic, should be here to...

Published:Sunday | November 17, 2024 | 12:07 AM

An expanded system for assessing the quality craft items being produced for export is currently being developed by the Jamaica Business Development Corporation, and if successful could result in millions of dollars in foreign exchange for players...

Published:Sunday | November 17, 2024 | 12:07 AM

Approved retirement schemes, often called individual retirement accounts, must operate in a way to meet the requirements of the law and be compliant with the requirements of their regulator, the Financial Services Commission. As such, they are...

Published:Sunday | November 17, 2024 | 12:07 AM

Jamaica experienced two back-to-back seismic events last Sunday. The first, which occurred at 10:50 a.m., was measured at magnitude 5.6. The second followed an hour later. It was stronger; its magnitude was 6.5. Both earthquakes were felt across...

Published:Sunday | November 17, 2024 | 12:07 AMLuke Douglas - Senior Business Reporter

There is a level of uncertainty about the supply of sorrel and other locally grown crops for the rest of the year, following the passage of Tropical Storm Rafael as well as weeks of heavy rains that have inundated the island. But the lack of sorrel...

Published:Sunday | November 17, 2024 | 12:07 AM

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a final rule announced Tuesday by the Biden administration. The US Environmental Protection Agency rule...

Published:Sunday | November 17, 2024 | 12:06 AM

NCB Financial Group Limited, operator of Jamaica’s largest bank, plans to improve profit while reducing debt going forward. “We are energised by the results we see, but we are not there yet,” said NCB Financial Chairman Michael Lee-Chin at an...

Published:Sunday | November 17, 2024 | 12:06 AM

For the third straight year, efforts to fight climate change haven’t lowered projections for how hot the world is likely to get – even as countries gather for another round of talks to curb warming, according to an analysis Thursday. At the United...

Published:Sunday | November 17, 2024 | 12:06 AM

Cities in Asia and the United States emit the most heat-trapping gas that feeds climate change, with Shanghai the most polluting, according to new data that combines observations and artificial intelligence. Nations at United Nations climate talks...

Published:Sunday | November 17, 2024 | 12:06 AM

Good or bad, the United Nations climate negotiations process itself became the focus of the international talks that aim to curb warming from coal, oil, and natural gas. Environmental advocates released reports Friday decrying fossil fuel industry...

Published:Sunday | November 17, 2024 | 12:05 AM

Boutique investment house Sterling Asset Management Limited is urging careful consideration as investors move to reinvest their money in an atmosphere of declining interest rates. Anna-Joy Tibby, Sterling’s assistant vice-president in charge of...

Published:Sunday | November 17, 2024 | 12:05 AM

A Dutch appeals court on Tuesday overturned a landmark ruling that ordered energy company Shell to cut its carbon emissions by net 45 per cent by 2030 compared to 2019 levels, while saying that “protection against dangerous climate change is a...

Published:Friday | November 15, 2024 | 12:10 AMSteven Jackson - Senior Business Reporter

Productive Business Solutions Limited, PBS, a Xerox distributor and technology service provider, saw its capital being slashed by a quarter, following accounting irregularities at its Costa Rica subsidiary. It led to job losses and management...

Published:Friday | November 15, 2024 | 12:10 AM

With its revenue and profits up in 2024, so far, online shopping and logistics company Mailpac Group Limited says it is improving its customer service and sprucing up its locations while remaining open to acquisitions, both in Jamaica and foreign...

Published:Friday | November 15, 2024 | 12:10 AM

Shares of Spirit Airlines plunged midweek after the budget airline said that it won’t announce quarterly financial results on time while it continues talks with bondholders to restructure its debt. Spirit said negotiations are progressing towards...

Published:Friday | November 15, 2024 | 12:10 AM

The ocean is our greatest natural resource. It provides half the planet’s oxygen, helps to feed half the world’s people, and, as the world’s largest carbon sink, is one of our best defences against climate change. But it is under attack like never...

Published:Friday | November 15, 2024 | 12:10 AM

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