DATA OBTAINED from the Counter-Terrorism and Organised Crime (CTOC) Division of the police force over the last five years, according to this newspaper, indicates that on average, there is at least one incidence of major fraud every day. The losses...
IF YOU operate a small enterprise in Jamaica, there are two very compelling reasons that make proactively mitigating the risk of fraud an urgent priority for 2023 and the foreseeable future. The first is that historically, small businesses have...
SYGNUS REAL Estate Finance (SRF) is again committing to delivering a return to investors in financial year ending August 2023. Chief Investment Officer at Sygnus Group, Jason Morris, is promising dividends during the year once the harvesting of...
SANTIAGO, Chile (CMC): THE ECONOMIC Commission for Latin America and the Caribbean (ECLAC) is predicting that regional economies will grow by 1.2 per cent this year as they face “a complex external scenario” marked by low growth in economic...
DEBBIE ANN Gordon, appointed Trustee in Bankruptcy for Mystic Mountain Limited -- the attraction company that is going through insolvency proceedings - disclosed in a creditor’s report issued in March that she was in receipt of a request from...
SECOND-QUARTER profits of edtech company One on One Educational Services slid to $6.1 million for the period ending February 2023, owing to higher expenses, as the company continued its investment in growth projects while exploring new...
CANOPY INSURANCE Limited aims to make its first profit in 2023 following its $2.7 billion revenue haul last year. It would represent a milestone for the health and life insurance start-up that began booking revenue in 2018. The entity continues to...
WASHINGTON (AP): THE WHITE House says the math in House Speaker Kevin McCarthy’s plan announced on Wednesday to trim the federal deficit by $4 trillion over a decade is “unforgiving” — estimating a deep 22 per cent cut to non-defence spending that...
INSTITUTIONAL HOUSING company, 138 Student Living (138SL), is mum on timing but says the floating of an additional public offer (APO) should happen any day now. The company recently secured the go-ahead from shareholders to do the APO in a bid to...
HIGH-NET investors are getting dozens of offers per quarter to pump their funds into relatively high-yielding debt and equity securities in offers not sent to the masses called exempt distributions or XDs, with the $11 billion offer from VM...
THE STATE residential home builder, National Housing Trust, NHT, reported nearly $15 billion in losses on the sale of some of its joint finance mortgage portfolio. Under the Joint Finance Mortgage Programme contributors could get a joint loan...
THE UNIVERSITY of the West Indies, UWI, Mona, is on the hunt for an investor to restore and manage operations of the small hotel on its campus formerly known as the Mona Visitors’ Lodge and Conference Centre. This comes on the heels of a...
TUMWATER, Washington (AP): THE EMAIL went out to legal cannabis growers around Washington state, alerting them that another of their colleagues had gone under. “Liquidation sale,” it said. Attached was a spreadsheet of items up for grabs: LED grow...
DESPITE A strong nine-month performance, manufacturing and distribution company Paramount realised less profit for the third quarter ended February 2023. Third quarters are typically weaker at Paramount. The company has seen year-on-year declines...
CONSUMERS AND companies are planning to spend more within a less confident economy, according to the latest Confidence Indices for the March 2023 first quarter. “The indices moved in the same direction and almost by the same extent downwards when...
THE 2021-2022 Global Entrepreneurship Monitor, GEM, report indicates that the gender distribution of Jamaica’s total early-stage entrepreneurial activity, TEA, are majority female, although, when compared to new businesses, the more established...
TOKYO (AP): THE UNITED States (US) hopes to deepen trade ties with Japan as it fortifies cooperation on economic security with its Asian allies and partners, the top United States trade envoy said yesterday. US trade representative Katherine Tai’s...
NEW DELHI (AP): APPLE INC opened its first flagship store in India in a much-anticipated launch yesterday that highlights the company’s growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub. The...
NEW YORK (AP): WALL STREET drifted yesterday following a mixed set of earnings results from big companies and a stronger-than-expected report from the world’s second-largest economy. The S...
ST GEORGE’S, Grenada (CMC): THE GRENADA government says it is owed more than EC$750 million (One EC dollar=US$0.37 cents) in outstanding taxes and penalties and that a tax amnesty offered this year is aimed at significantly reducing the outstanding...
DIGITAL MEDIA company iCreate is still in breach of the Jamaica Stock Exchange’s (JSE) Junior Market Rule 505 (7) (a). The rule says: ‘The Junior Market Company shall at all times ensure that the fully paid, subscribed participating voting share...
THE BANK of Jamaica (BOJ) says it will, in short order, update its projections for the economy, following new data released by the Statistical Institute of Jamaica (Statin) which shows that annual inflation dropped to 6.2 per cent for the period...
MARCH 30, 2023, marked a significant day in the life of family-owned businesses (FOBs) in Jamaica. After 33 years at the helm, the founder of one of Jamaica’s outstanding and high-performing FOBs ‘passed the CEO baton’ to the next generation. The...
CONSUMERS ARE set to benefit from an internet price star war. Starlink, the satellite internet firm ultimately owned by Elon Musk, this month slashed the core price in Jamaica for the second time, resulting in a 40 per cent reduction, amid similar...
TWO YEARS after investment house Proven Investments Limited (PIL) sold its stake in Dream Entertainment Limited to Yes Iyah Limited, the new shareholder indicates that the deal is now wrapped up and all payments concluded. Dream Entertainment is...
