Wed | Mar 3, 2021

Stories by Huntley Medley - Associate Business Editor

Published:Friday | February 26, 2021 | 12:18 AMHuntley Medley - Associate Business Editor

B ank of Jamaica, BOJ, and other overseers of the financial sector, it appears, will have to recruit staff at a lower scale than they desire, for at least another year, or otherwise delay new hires in circumstances where salary offers are not...

Published:Sunday | February 21, 2021 | 12:18 AMHuntley Medley - Associate Business Editor

The Bank of Jamaica (BOJ) continues to signal confidence in the country’s financial system, and its resilience throughout the ongoing health crisis, but is keeping watch on the health and strength of the loan books in the banking system. Large...

Published:Sunday | February 21, 2021 | 12:13 AMHuntley Medley - Associate Business Editor

Supreme Ventures Limited, SVL, expected its lottery ticket sales to dip at the entry of two new players this month. Instead, it is claiming that sales jumped since the entry of Mahoe Gaming Enterprises Limited and Goodwill Gaming Enterprises...

Published:Friday | February 19, 2021 | 12:15 AMHuntley Medley - Associate Business Editor

Finance Minister Nigel Clarke is questioning the effectiveness of the Government’s tax relief measures under the urban renewal incentive programme, which the leadership of two of the country’s main private-sector umbrella groups and some business...

Published:Friday | February 12, 2021 | 12:31 AMHuntley Medley - Associate Business Editor

The fate of the Mystic Mountain attraction, known for its adrenalin-pumping zip line, roller coaster and ATV buggy rides, now hangs in the balance following this week’s expiration of a 14-day ultimatum to make good on a $1.13-billion debt to...

Published:Sunday | February 7, 2021 | 12:12 AMHuntley Medley - Associate Business Editor

On the same day that a new lottery operator entered its core market last week, gaming company Supreme Ventures Limited, SVL, inked a deal to purchase a 51 per cent controlling interest in microlender McKayla Financial Services, signalling SVL’s...

Published:Friday | February 5, 2021 | 12:13 AMHuntley Medley - Associate Business Editor

Jamaica’s first resident diplomat to India is making the case for the strategic importance of increased trade and investment flows between the two countries on the eve of his departure to take up the post of envoy in the second most populous...

Published:Friday | February 5, 2021 | 12:11 AMHuntley Medley - Associate Business Editor

Blown off its pre-pandemic path to financial recovery, that so far has been elusive, regional carrier Caribbean Airlines Limited, CAL, is on the hunt for funds to keep itself in the air, a US$65-million loan taken out last year having proved...

Published:Friday | January 29, 2021 | 12:23 AMHuntley Medley - Associate Business Editor

A health tourism project slated to be developed in Montego Bay over the next five years is among the plans for enhanced collaboration between Jamaica and India being supported by new High Commissioner Runsung Masakui. The tourism project, estimated...

Published:Sunday | January 24, 2021 | 12:11 AMHuntley Medley - Associate Business Editor

While most commercial banks have sought to curtail the incidence of card theft, cloning, and attempts at unauthorised activation, by ending the distribution of credit and debit cards to their customers using the regular mail service, the urging to...

Published:Sunday | January 17, 2021 | 12:05 AMHuntley Medley - Associate Business Editor

An apparent increase in incidents of theft and cloning or attempted cloning of debit and credit cards sent to bank customers through the mail has led to commercial banks abandoning the Jamaica Postal Service as a method of delivering cards....

Published:Sunday | January 10, 2021 | 12:12 AMHuntley Medley - Associate Business Editor

Insurance giant, Sagicor Group Jamaica, SGJ, is set to stanch multibillion-dollar losses on its investment hotel portfolio of 20 million shares in international hotel chain Playa Hotels and Resorts, held through several of its associated companies...

Published:Thursday | December 24, 2020 | 12:15 AMHuntley Medley - Associate Business Editor

Despite taking a nearly $1 billion-beating earlier this year on its large and diversified equities portfolio from the economic downturn caused by the COVID-19 pandemic, stockbroker, investment manager and financial advisory house, Mayberry...

Published:Friday | December 18, 2020 | 12:20 AMHuntley Medley - Associate Business Editor

D r Guna Muppuri, CEO of listed pharmaceutical development and distribution company Indies Pharma, was concerned that media reports on a November advisory to the market, on the impact of the COVID-19 pandemic on its operations, may have somewhat...

Published:Friday | December 11, 2020 | 12:19 AMHuntley Medley - Associate Business Editor

Jamaican soap manufacturers have lost a year-long battle for continued duty-free exports to the Caricom market of 18 million people. The loss comes after a successful challenge in late November at Caricom’s Council for Trade and Economic...

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