In just over six months, Christopher Williams will exit the stage as operational head of Proven and head into retirement, with no word yet as to who his successor is likely to be. In the past 14 years, Williams has helmed one of Jamaica’s most...
The European Central Bank, ECB, left its key interest rate benchmark unchanged on Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates...
The oil painting depicts a woman standing on a podium, her arm aloft as she grasps a laurel crown in her hand. A scarlet cloak drapes across her chest as she stares at the viewer. To the naked eye, the painting looks like a normal piece in an...
Leaders from across Europe expressed support for Ukraine and concern about the direction of the United States on Thursday at a security-focused summit clouded by worries about whether the US will remain a reliable ally if Donald Trump wins a second...
Some 80,700 persons were out of work in January, or about one-third more than three months prior, according to the latest Labour Force Survey, which reflected new standards for tracking jobs in the economy. The jobless number was up from 57,300...
Toll road operator TransJamaican Highway Limited, TJH, has offered US$20.3 million to acquire the concession for the new Phase 1C of Highway 2000. The highway company said the price offered to National Road Operating and Constructing Company...
The new leadership at managed IT services company tTech has installed a new chief executive, Kevin Gordon, who replaces Norman Chen, immediately. Chen, a co-owner of tTech, who who ran the company from December 2022 following the departure of the...
Two companies, each of which is headed by former executives of power utility JPS, have been shortlisted for renewable energy contracts that the Government of Jamaica is in the process of tendering. Sunterra Energy Jamaica, led by Emanuel DaRosa,...
An Australian computer scientist found to have falsely claimed to be the mysterious creator of the bitcoin cryptocurrency will be referred to British prosecutors for “wholescale perjury and forgery of documents”, a London judge said on Tuesday....
Motorists will pay $1.17 less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $177.80 per litre and a litre of E-10 90 will go for $185.81. Automotive diesel oil will move...
Business and consumer confidence declined in the June second-quarter 2024 period due to crime and the cost of living. “The macro situation looks good, but in terms of [consumers] own situation, they are concerned,” said pollster and Chairman of...
Bolivia’s embattled president on Monday announced the discovery of vast natural gas reserves, describing it as the biggest find in nearly two decades that could help the cash-strapped country reverse its falling production. President Luis Arce...
Caribbean officials on Friday demanded more access to funding and help in fighting climate change, weeks after Hurricane Beryl devastated the region. The urgent request was made at an OAS meeting in Washington DC, where officials noted that the...
Bank of Jamaica, BOJ, has diagnosed the health of the financial system as normal, but it has concerns related to inflation, interest rates and loans. The central bank’s Financial Stability Committee in its assessment of the system over the march...
Food manufacturer and distributor Seprod Limited has cranked up its second five-year programme of expansion. This time the company is targeting Central America and elsewhere in Latin America for a buildout of its manufacturing and distribution...
Fed up with expensive drugs, Audley Reid, then an adolescent, co-founded RA Williams Distributors Limited during the 2009 recession. The company based in Spanish Town, St Catherine distributes medicines nationally. It started simply: trying to...
Medical diagnostic imaging company Image Plus Consultants Limited is seeking a joint venture partner in building out a new facility at 33 Lady Musgrave Road in Kingston but may also turn to the market to fund the project. CEO Kisha Anderson ruled...
Tense deliberations over how and if to allow deep sea mining unfolded Monday in Jamaica as at least one company threatened to apply for permission before rules and regulations are in place. More than two dozen countries have called for a ban, pause...
Hurricane Beryl has told us convincingly that even natural disasters that announce their coming and spare us some of their ferocity can smash a personal financial plan with grave consequences. Proper planning cannot stop natural disasters, but it...
A leading expert on banking fraud is calling for lengthy sentences for bank employees who steal funds while on the job. Dane Nicholson, co-chair of the Jamaica Bankers Association’s Anti-Fraud Committee, said the laws governing banking fraud are...
Small business owners and entrepreneurs, the countdown is on. We have 140 precarious days left in this already infamously historic 2024 Atlantic hurricane season, and we all need to be doubling down. The National Oceanic and Atmospheric...
What do Munro College, Manning’s School and Westwood High School have in common, other than the fact that each institution is, on average, nearly 200 years old? One answer is that they suffered extensive damage caused by Hurricane Beryl. Another is...
Having investigated electronic banking fraud in all its forms for years, Dane Nicholson is predicting another type of fraud by cyberscammers, referred to as “triangulation”, saying it will grow in significance in Jamaica as more persons are...
Richard Pandohie, the newly installed chairman of Caribbean Producers Jamaica Limited, CPJ, is touting regional expansion of the business in the aftermath of AS Bryden Group acquiring a 44.8 per cent stake in the food-trading business. The company...
The Biden administration is awarding nearly US$2 billion in grants to General Motors, Fiat Chrysler, and other carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight states, including the presidential...
