Business

Mexico said Monday it will buy Shell’s 50 per cent share in the jointly owned Deer Park refinery near Houston, Texas, for about US$600 million. The move comes as part of President Andrés Manuel López Obrador’s central policy to build, acquire or...

Coffee processor Salada Foods Jamaica Limited says it benefited from cheaper local coffee, having capitalised on the dip in demand and built-up inventory in the primary green bean market to grow profits fivefold year to date. The level of savings...

Sygnus Credit Investments Limited, SCI, will be heading to the market again to raise capital, but this time it’s going after debt on the private market. The company, which recently raised fresh equity on the stock market through additional public...

Seprod Limited‘s profit faltered in the March quarter, a performance the company is blaming on shipping costs, and sick cows and flood rains that impacted operations at the Serge Island Dairies subsidiary. The manufacturing and distribution company...

Apple CEO Tim Cook described the company’s ironclad control over its mobile app store as the best way to serve and protect iPhone users, but he faced tough questions about competition issues from a judge Friday about allegations he oversees an...

Although fuel sales by Future Energy Source Company Limited hit a new high above 49 million litres, reflecting nearly 10 per cent growth in volumes, its turnover was marginally lower by more than $80 million for year ending March 2021. The...

QUESTION: It has been over a year now since Jamaica locked down all entertainment, and I am at a total loss. From March last year ,it is only four proper events I have done, which was a party and some small weddings. My business is sound-system...

QUESTION: I am a recent graduate and just started my first job. I am interested in building my wealth, and as such, seek your help/advice in putting the best plan in place to accomplish my goals. – Beavers FINANCIAL ADVISER: For most first-time...

Microlenders now have 14 months to put their affairs in order and register their businesses with the Bank of Jamaica (BOJ) under the Microcredit Act, which was passed in January. At least one entity representing the sector that is said to have $20...

The April employment report in the United States was completely unexpected, and it created a maelstrom of commentary. The number was expected to be strong, with analysts calling for the creation of one million new jobs. However, the number came in...

The opening of the Rancho San Lucas Golf Club was a grand affair. Course architect Greg Norman, owner Francisco ‘Paco’ Bulnes and dignitaries from across Baja California were on hand to celebrate the spectacular course along the Pacific Ocean....