Fri | Jul 3, 2020

Business


President of the Insurance Association of Jamaica, Vernon James.

Health insurance providers are reshaping the way they do business to deal with the fallout or exploit opportunities from the COVID-19 pandemic, which they say has not been as harmful to their business as first anticipated. In what they describe as...

The Palace Carib 5 cinema in Cross Roads, Kingston.

C inema operator Palace Amusement Company has sought financial assistance from its bankers to cover fixed expenditures amid a fall-off in revenues at its theatres. The disclosure was made by the company on Wednesday in a market notice posted on...

United Oil and Gas Limited, OUG, will make a decision by September on whether to drill for oil offshore Jamaica, company documents indicate. The company is taking the lead after partner Tullow Oil of the United Kingdom indicated plans to pull from...

A recent hike in prices by Jamaica’s sugar producers and marketers has not found favour with the Sugar Industry Authority, SIA, which views the decision as tone-deaf, coming as it is in the middle of a pandemic and a slew of job losses. The 9.2 per...

Hacking activity has spiked during the pandemic, targeted mainly at banks, but also government sites, according to regional telecoms Digicel. “Yes, we are definitely seeing an uptick in cyberattacks based on the levels of vulnerability as well as...

The economic outlook for Jamaica remains uncertain under pandemic conditions, but the Bank of Jamaica, BOJ, opted Monday to keep its policy rate unchanged at 0.5 per cent. That’s because inflation remains within the target range of 4-6 per cent,...

The United States Federal Reserve released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit...

The JSE Combined Index increased by 7409 points or 1.98 per cent to close at 380,975 points on Tuesday with an advance/decline ratio of 39/30. Main market advanced 7,767 points or 2.07 per cent to close at 380,975 points and Junior market...

Spirits giant Diageo Plc announced on Monday that it is going green with its newest whiskey-making venture in the Bluegrass State of Kentucky. Its distillery being built at Lebanon, Kentucky, is expected to be carbon neutral – a first for the...

Jamaican telecommunications companies Digicel and FLOW continue to voice concerns that some new directives by the Office of Utilities Regulation (OUR) to mitigate against shock bills and credit depletion could negatively affect their financials....
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