Fri | Feb 28, 2020

Business

A part of the Bank of Jamaica building is shown, at Nethersole Place, Kingston.

Michael Riley, who sells vape pens within the burgeoning cannabis trade in Negril, holds a cash card that provides him with flexibility, but only to a certain degree. He doesn’t have a bank account, but uses ePay, a Mastercard-branded cash card...
Lukasz Kowalczyk, managing director of Medimpex Jamaica and Medimpex West Indies.

F rom the long list of products it sells and the extensive network of private and public pharmacies and stores that stock its merchandise, Medimpex Jamaica Limited appears to command a sizeable share of the local prescription and over-the-counter...

A worker wearing a protective suit enters a primary school, where a child was diagnosed with coronavirus, to spray disinfectant, in the northern city of Thessaloniki, Greece, on Thursday, February 27. The virus has spread to several countries, raising fears it could affect global economic growth.

The impact of the ongoing outbreak of the coronavirus COVID-19, from an economic perspective, would primarily be transmitted through two main mechanisms, namely trade and financial flows, according to an assessment by the Planning Institute of...

Future Energy Source Company, Fesco, will need another two weeks to determine a new date for its initial public offering of shares on the stock market, says vice chairman Hugh Coore, a setback caused by a deadly weekend fire at one of the fuel...

A steep decline in the mining and quarrying industry due to the continued closure of the Alpart aluminium plant in St Elizabeth, and a slowdown in construction activities have been cited as the main contributors to the anaemic 0.1 per cent growth...

The roll-out of the controversial national identification system, NIDS, is receiving strong support from the umbrella private sector group, the Private Sector Organisation of Jamaica, PSOJ. In fact, Christopher Reckord was recently named the group’...

Scotia Group Jamaica, SGJ, paid out $14.68 billion in dividends for 2019, which was greater than its annual profit. The banking group affirmed that it was the highest dividend ever paid to shareholders since its founding in 1889. Scotia Group said...

The European Union on Tuesday gave its chief negotiator Michel Barnier a robust negotiating mandate to get a free trade deal with the United Kingdom, which counters several of the red lines that London has set. The 27 EU nations are insisting that...

China’s Huawei unveiled its latest folding smartphone Monday and its first such device to be available internationally, competing in a niche category with new models from Samsung and Motorola. The company took the wraps off the new Mate Xs by video...

Amazon is aiming to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up the US$800 billion grocery industry. At the new store,...
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