Starbucks posted stronger-than-expected sales in its fiscal second quarter as demand in China began to recover, but the company said that sales growth could moderate as the year progresses. The Seattle coffee giant said its net revenue jumped 14...
Judging by the growing number of companies vowing to reduce their greenhouse-gas emissions to zero these days, it may seem like the corporate world is finally taking the climate crisis seriously. According to the Net Zero Tracker, more than one-...
Tea and condiments manufacturer Jamaican Teas Limited is banking on flows from real estate sales to finance its factory expansion. Jamaican Teas CEO John Mahfood said the 30 apartments being developed by the company’s property arm at Belvedere in...
JMMB Bank has advised that it will be adjusting some of its fees, effective June 15, 2023, changes that will force retail customers, particularly those conducting international transactions, to dig deeper into their pockets. Retail account holders...
The property insurance portfolios of nearly a dozen general insurers grew markedly last year, on average, a newly released report from industry regulator Financial Services Commission, FSC, shows. But one of its knock-on effects was a diminution of...
The Jamaica Stock Exchange (JSE) Combined Index reversed recent gains as it closed down on Thursday. Slow trading on small volumes ended with an advance/decline ratio of 44/52. The JSE Combined Index declined by 2,908.79 points or 0.83 per cent,...
Courts Jamaica Limited has restructured its operations to create a new company called BlueStart Capital (Jamaica) Limited, under which it will conduct its microfinancing or loan business. The loan business, more popularly known as Courts Ready...
The United States Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signalled that it may now pause the streak of 10 rate...
The Jamaica Stock Exchange (JSE) Combined Index was back to winning ways on Wednesday. Brisk trading on small volumes ended with an advance/decline ratio of 53/46. The JSE Combined Index advanced by 1,998.79 points or 0.58 per cent to close at 348...
Lydford Mining has entered into a sales arrangement with Vulcan Materials, one of the largest producers of construction aggregates in the United States, an agreement that’s poised to triple the amount of aggregates the Ocho Rios-based company ships...
Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favourite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese...
Aiming to deploy its cashless app across Caribbean markets for remittances and other services, GraceKennedy Money Services, GKMS, is in talks with regulators in various countries. It’s immediate regional target markets for the GK One app are...
The Federal Deposit Insurance Corporation, FDIC, is recommending that the United States rethink its decades-old policy of insuring up to US$250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts...
While still committed to its Guaranteed Purchase Programme, GPP, which was introduced five years ago to improve the pace of delivery of residences to the market, the National Housing Trust is now prospecting for new developers of low-income housing...
The Jamaica Stock Exchange (JSE) Combined Index retreated Tuesday, closing on a losing note. The busy trading ended with an advance/decline ratio of 33/59. The JSE Combined Index declined by 5,686.11 points or 1.61 per cent to close at 346,573.25...
Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in United States history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to end the turmoil that has...
As good and responsible citizens, it is incumbent on us to pay our taxes, not just on income from employment, but from investment activities. Taxes leave us with less to spend, save, and invest, but there are legitimate ways by which we can reduce...
Jamaica and its Caribbean neighbours are facing an insurance crisis. This emergency is like the increasing inflow of illegal guns and ammunition from the United States into the region. The entry of weapons of war will destabilise the region’s...
Seed Investments, a company led by Michael Lee-Chin Jr, has received approval from the Bank of Jamaica to operate as a microlender. The company, which is the newest entrant in the microfinance sector, says it will hit the ground with loans targeted...
Catherine’s Peak Bottling Company is on a path towards $1.5 billion in sales this year. The water bottling company owned by GraceKennedy Group expects to rebound from unspecified challenges and ramp up sales outside of Kingston, alongside...
You don’t normally think for long about the lasting impact your actions have on unknown business colleagues. This is particularly true if they haven’t even been born. But is there a reason to consider far-future generations of leadership in your...
I won’t forget the first time I took a ride in a car without anyone sitting in the driver’s seat. It happened one night last September when a Chevy Bolt named Peaches picked me up outside a San Francisco bar. Our ensuing half-hour ride together...
Foreign currency loans held by Jamaican investors and firms climbed by nearly 26 per cent last year, driven mainly by sovereign securities, according to the Bank of Jamaica. Meanwhile, borrowing in US dollars also increased as business owners...
The rerouting of ring road at the University Hospital of the West Indies, UHWI, is now out to tender as plans ramp for the phased development of five structures, referred to as medical towers, that will allow for additional student intake and...
