Business

The redevelopment of the property housing the Private Sector Organisation of Jamaica, PSOJ, is estimated to cost $1 billion, says Natalie Bennett, CEO of VM Pensions Management Limited. VM Group and the PSOJ will be joint venture partners on the...

Is your family-owned business, FOBs, informed by a family-first or a business-first philosophy? Responses to this question ranged from “family-first” to “business-first” to “half and half”. What does it mean to be a family-first versus a business...

Retired judge Hilary Phillips assumed the position of interim chairman of Pulse Investments following the passing of co-founder and chairman Kingsley Cooper on June 18. Phillips, a co-founder, director and the second-largest shareholder of Pulse...

The private operator of Puerto Rico’s power grid confirmed Monday the deferral of US$65 million worth of maintenance and improvement projects in the United States territory, with some repairs postponed for at least a year because of budget...

The Jamaica Stock Exchange, JSE, is warning listed companies that are tardy with the filing of their financial reports that their shares will be suspended, following the rare action it took against two late filers in early June. The two companies...

European Union regulators on Monday levelled their first charges under the bloc’s new digital competition rulebook, accusing Apple of preventing app makers from pointing users to cheaper options outside its App Store. The European Commission said...

QUESTION: A few years ago, I went to the bank and took a loan with the plan to use the money towards building on my mother’s house so that I could stop paying rent. Unfortunately, things never worked out as planned and the money ended up being...

Today’s article is the sequel to last week’s ‘Ridesharing is disrupting the transport and motor insurance sectors’. The focus, however, will be different. It will deal more broadly with the risks that motorists and road users face daily and...

JMMB Group Limited, which offers financial services in four markets, made $11.8 billion in annual profit despite writing off a bad bond. The group wrote off $12.6 billion related to funds it loaned a start-up energy project in Trinidad...

The artificial intelligence start-up Perplexity AI has raised tens of millions of dollars from the likes of Jeff Bezos and other prominent tech investors for its mission to rival Google in the business of searching for information. But its AI-...

Paul ‘PB’ Scott, chairman and CEO of regional conglomerate Musson Group, says its publicly listed information technology firm Productive Business Solutions Limited, PBS, is the fastest-growing company in the massive corporation. It aligns with the...

Lighting and manufacturing company FosRich is aiming for five times greater revenue in three years. By the end of 2027, the company should have reached $22 billion in annual revenue, said CEO Cecil Foster, an effort the company has dubbed ‘Pinnacle...