Business
Jamaica Special Economic Zone Authority is finalising a new policy that will allow all firms it licenses, including outsourcing companies, to implement remote work arrangements for nearly a third of their workforce. But it will come at a cost to...
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Banking experts are now warning of a rise in so-called BIN attacks in which hackers use computer programmes to essentially ‘guess’ the full card number, CVV code and other information linked to debt and credit cards. As such, JMMB Bank, for...
Gaming and entertainment company Supreme Ventures Limited is looking to subsidiary Supreme Ventures Entertainment Limited, SVREL, to be a driver of profit this year. Since its takeover of the Caymanas Park horse racing track through SVREL six...
Sagicor Real Estate X Fund Limited has bumped up its investments in the Sigma Real Estate unit trust fund, pushing the value of those holdings close to $1.3 billion last year. Sagicor X Fund is primarily invested in a single hotel property in...
The latest round of corporate earnings has brought a confounding sense of relief and lingering anxiety to Wall Street. Companies are in the midst of an ‘earnings recession’, meaning profits have contracted for two straight quarters, starting with a...
The United States government’s auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards within three years. Wednesday’s...
With much of the developing world teetering on the edge of a debt crisis, the calls for a new issuance of Special Drawing Rights, or SDRs, the International Monetary Fund’s reserve asset, have grown louder and more urgent. But to have the desired...
GraceKennedy Group CEO Don Wehby continues to scan the food and financial services conglomerate for ways to combat expenses and supply chain snarls. In the meantime, it's investing in technology and production upgrades to make its businesses more...
The United States and Europe are drawing up a voluntary code of conduct for artificial intelligence, a top European Union official said Wednesday, as the developing technology triggers warnings about the risks it poses to humanity and growing calls...
Concerns about preventing sand theft and squatting have surfaced on lands set for resort development next year by government-led Harmonisation Limited. The company is seeking drones and security guards to canvas the 2,400 acres of land at Harmony...
Jamaica grew for eight consecutive quarters to pull itself out from under the coronavirus, but planners want a larger skilled workforce to guard against a return to low growth. The economy grew 2.7 per cent in the March quarter 2023 compared to the...
The Accountant General’s Department, AGD, will relocate staff to the agency’ own quarters starting in June, exiting borrowed facilities at National Heroes Circle that the Ministry of Finance and the Public Service has said it wants back. The...
Sagicor Investments, a subsidiary of the Sagicor Group Jamaica, has joined other Jamaican firms hunting business in booming Guyana, now an oil-exporting country. However, Sagicor does not intend to establish a physical presence in the country,...
Pension funds are being encouraged to make investment decisions that better preserve value for pensioners, who are dependent on their capacity to manage risk. The private pension market was valued by the Financial Services Commission at $703.2...
Petrol trader Future Energy Source Company Limited maintained its growth momentum for the fourth quarter ending March, despite a fall-off in oil and wholesale gas prices. The company, which trades as Fesco, reported 51 per cent improvement in...
Tropical Battery to upsize listed shares Energy storage company, Tropical Battery, will seek shareholder approval to issue and list another 3.75 million voting shares on June 13. At Monday’s closing price the new shares would be worth $7.3...
