QUESTION: I came up with an innovative business idea that I would like to start next year in the real estate industry, which you know is where the money is right now. My question is not so much about getting stuff started, but more regarding access...
The Jamaica Information Service says the government “is investing billions of dollars in improving the country’s road network, to ensure safe and efficient travel for all citizens” and accelerating the country’s development. A few days earlier,...
Less than a year after opening its first stand-alone retail store in Kingston, 23-year-old air-conditioning company CAC 2000 is about set to add another retail outlet in Montego Bay, next month, as it goes after additional business in the...
The Bank of Jamaica, BOJ, recently released a consultation paper detailing a proposal to enhance capital buffers for key financial institutions, a plan that will essentially require the targeted companies to hold more capital. It’s meant as a...
Distribution company Derrimon Trading Limited has formed a partnership with Intcomex, a distributor of computer products, to operate an electronics store at Millennium Mall under the brand, Select Tech. So far, the companies have pumped $100...
For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on...
People need regulated financial markets to be able to secure their financial well-being and that of their dependants on a sustained and long-term basis. The Government has provided for this through legislation and regulation and itself benefits...
Haiti’s government on Thursday doubled down on the construction of a canal on Haitian soil that would divert water from a river it shares with the Dominican Republic, which, in response last week, shuttered land, air and sea borders between both...
Many experts believe that the US dollar’s global hegemony, which has endured for nearly 80 years, is finally coming to an end. This outcome is not impossible: economic crises, increased domestic polarisation, and strong geopolitical headwinds could...
Regional insurance facility CCRIF SPC has expanded its portfolio to incorporate coverage for water utilities, a facility backed by the Foreign Commonwealth...
The Jamaica Bankers Association, JBA, has not put a cost on the ongoing job of deploying new machines and technology for handling the polymer notes released by the Bank of Jamaica, but says the banks are feeling the sting. It’s said to cost up to...
The Jamaica Co-operative Credit Union League, JCCUL, is exploring options around offloading some 276 acres of land it owns at Cross Pen in Clarendon. JCCUL, which is the umbrella association for credit unions, has been the registered proprietor of...
Published:Thursday | September 21, 2023 | 12:08 AM
Inflation across the United Kingdom fell unexpectedly in August to its lowest level since Russia launched its invasion of Ukraine, a development that has reined in expectations of a 15th straight interest rate increase from the Bank of England in...
Published:Wednesday | September 20, 2023 | 3:17 PM
State-owned oil refinery, Petrojam, has announced increases in the prices of all its products, effective Thursday. Petrojam, says E-10 87 is to move up by $2.57 to sell for $193.64 per litre and a litre of E-10 90 will go up by $2.68 to sell for $...
The Government of Jamaica has finally invited bids from investors for the provision of an additional 100 megawatts of renewable energy capacity, ending a yearslong wait by the sector. It comes amid refreshed plans and a more ambitious goal to...
Now deep into the execution of its long-term plan to grow its manufacturing division by 60 per cent, Jamaican Teas has been thrown a curve ball: CEO of the division, Diana Blake-Bennett, is leaving the company. Her resignation takes effect on...
Don Gittens, CEO of Manpower and Maintenance Services Group Limited, says the company has restructured its operations to add residential cleaning services for villas, condominiums, Airbnb properties and households. Gittens left Jampro in March to...
Published:Wednesday | September 20, 2023 | 12:07 AM
GraceKennedy Limited will be buying back as much as one per cent of its shares over the span of one year, adding to the growing but still small list of stock market companies seeking to wring value from their shares. The announced proportion...
Published:Wednesday | September 20, 2023 | 12:07 AM
Real estate investment trust Kingston Properties Limited, KPREIT, has close the acquisition on its fifth property in the Cayman Islands, a deal CEO Kevin Richards describes as the company’s largest in that market to date. The company has purchased...
Published:Wednesday | September 20, 2023 | 12:06 AM
Google is introducing Bard, its artificially intelligent chatbot, to other members of its digital family — including Gmail, Maps and YouTube — as it seeks to ward off competitive threats posed by similar technology run by Open AI and Microsoft....
Published:Wednesday | September 20, 2023 | 12:06 AM
The tiny Pacific island nation of Niue has come up with a novel plan to protect its vast and pristine territorial waters – it will get sponsors to pay. Under the plan, which was being launched by Niue’s Prime Minister Dalton Tagelagi on Tuesday in...
Published:Wednesday | September 20, 2023 | 12:06 AM
The Walt Disney Company is planning to invest approximately US$60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments. The company said in a...
Published:Wednesday | September 20, 2023 | 12:06 AM
The historical records show that family-owned businesses, FOBs, have been contributing to Jamaica’s economic development in pre and post-political Independence. However, the recognition given to FOBs as a group of businesses has not been...
Brazilian President Luiz Inácio Lula da Silva met with his Cuban counterpart on Saturday in Havana, signalling a revitalisation of ties between the two countries in the first trip by a Brazilian president to the Caribbean nation in nine years. Lula...
