JFP Limited, a maker of commercial furniture, is working out a deal with Trinidadian office supply company Total Office 2006 Limited that will see the parties acquiring a stake in each other’s company in a cash and shares transaction. The...
Blue Emerald Limited, a company affiliated with energy products trader FosRich, has terminated its arrangement to operate as a special economic zone or SEZ, due to “the narrow interpretation of customs duties” applied to SEZ activities. Cecil...
TikTok Inc went on a counteroffensive Tuesday amid increasing Western pressure over cybersecurity and misinformation concerns, rolling out updated rules and standards for content as its CEO warned against a possible American ban on the Chinese-...
The man responsible for running Venezuela’s oil industry has quit amid investigations into alleged corruption among officials in various parts of the government. Tareck El Aissami’s announcement on Monday was shocking on multiple counts. He was...
Hugo App will shut down in Jamaica next month, following its acquisition of the delivery service by Delivery Hero, which is based in Germany. “The decision has been made that Hugo App will be closing operations in Jamaica,” said Miguel Vaquero of...
Coffee-processing company Salada Foods Jamaica Limited is partnering with the Jamaica Coffee Growers Association, JCGA, on a project to transform coffee waste into a farming input. The Grounds for Growth initiative will repurpose Salada’s...
BCIC adjusts senior management team British Caribbean Insurance Company Limited, BCIC, has created a new role, chief strategy officer, that being led by Garth Rowe. It represents a “promotion” for the former general manager in charge of finance...
Honduras’ decision to cut diplomatic ties with Taiwan in favour of China is yet another sign of growing Chinese influence in Latin America. For decades, the Asian superpower funnelled billions of dollars into investment and infrastructure projects...
NCB Capital Markets Limited is raising $3.19 billion through an offer for investors to seed a new a real estate fund with a portfolio of tenanted assets that include NCB bank branches and car parks. The offer has been on the market for a week and...
The Inter-American Development Bank, IDB, says Latin America and the Caribbean countries, known as the LAC region, need to rise to the challenge to lower inflation and reduce the public debt burden in 2023. In its annual macroeconomic report...
“Each time a woman stands up for herself, she stands up for all women,” the late American poet, Maya Angelou, once said. This and other similar quotes abound each year when most of the world celebrates International Women’s Day, or IWD for short....
Credit Suisse shares plunged on Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore...
The Jamaica Stock Exchange (JSE) Combined Index closed Monday on a losing note. The hectic trading session ended with an advance/decline ratio of 32/49. The JSE Combined Index declined by 2,178.57 points or 0.64 per cent to close at 335,718.53....
My interest in disaster risk management at the national level began 25 years ago. A US-based multilateral institution asked me to conduct a 10-year review of catastrophe insurance in Jamaica. Catastrophes or natural disasters were defined as...
Guardsman Group has partnered with two tech entrepreneurs to launch a new system they developed as a cybersecurity tool. The partners have formed Guardsman Cyber Intelligence, GCI, which is the product of an investment pitch from Ryan Sterling and...
Have some people in your company become reaction-machines? In other words, do they run around all day responding to the latest crisis? Deep down, you know they are inefficient, but what can you do to shift to a culture in which the future is...
Brazil’s new President Luiz Inácio Lula da Silva has so far shown little concern about defying consensus in the West on foreign policy – even when it comes to dealing with authoritarian governments. In recent weeks, Lula’s Brazil sent a delegation...
In January, it was revealed that as much as 90 per cent of the carbon credits approved by one of the world’s largest certifiers may be phantom, thus not representing actual reductions of carbon in the atmosphere. While the scandal may have shocked...
After two and a half years of driving change at her most recent posting, Tania Waldron-Gooden is pulling up stumps at Caribbean Assurance Brokers Limited, CAB, and making an orderly exit from the finance industry. But outside of confirming her...
The third-quarter earnings of Lumber Depot Limited have ebbed in line with the slowdown in the construction sector. However, recent lumber commodity prices have dipped by three-quarters when compared with year-earlier levels, which might benefit...
For three decades, businesses and governments around the world operated under the assumption that economic and financial globalisation will continue apace. As the international order has come under strain in recent years, however, the concept of...
The cost of living is a measure of how much it costs to cover everyday living expenses. Although it is largely a function of the prices of goods and services, considering that people do not all consume the same ‘basket’ of goods and services, and...
The company that holds the Jamalco alumina refinery is being transferred to an undisclosed third party, as part of an emerging deal. The refinery is majority owned by Noble Group Holding Limited, NGHL, which is based in Hong Kong. “NGHL has...
Energy storage company Tropical Battery is looking to boost income through further diversification into solar. The segment is not entirely new, but it’s the reason behind the recent acquisition of a 50 per cent stake in KAYA, a solar solutions...
The rise in value of the Jamaican dollar last year cost Jamaica Producers Group Limited hundreds of millions of dollars. The bulk of Jamaica Producers’ $29 billion in annual revenue takes the form of foreign currency that’s converted to Jamaican...
