Mon | May 16, 2022

Stories by Huntley Medley/Associate Business Editor

Published:Wednesday | May 4, 2022 | 12:07 AMHuntley Medley/Associate Business Editor

Barita Investments continues to expand its holding of prime real estate with another multimillion-dollar land acquisition by its affiliated company MJR Real Estate Holdings Limited. In March, MJR acquired the property at number two Argyle Road on...

Published:Wednesday | April 13, 2022 | 12:08 AMHuntley Medley/Associate Business Editor

President Paul Kagame of Rwanda is scheduled to visit Jamaica today as chairman of the Commonwealth, an association of democratic governments that aspires to boost trade and functional cooperation among its members. It also campaigns for attention...

Published:Wednesday | April 6, 2022 | 12:10 AMHuntley Medley/Associate Business Editor

Financial conglomerate Sagicor Group Jamaica has deepened its business in the financial services sector with the completion of the acquisition of 100 per cent of Alliance Financial Services Limited, AFSL, and has promoted a second-tier bank...

Published:Wednesday | March 30, 2022 | 12:08 AMHuntley Medley/Associate Business Editor

Amid copious praise for what has been described as Finance Minister Nigel Clarke’s astute handling of the financial affairs of Jamaica during his tenure so far, finance ministers and other members of the board of governors of the Inter-American...

Published:Tuesday | March 29, 2022 | 12:10 AMHuntley Medley/Associate Business Editor

Minister of Finance and the Public Service Dr Nigel Clarke has been elected chairman of the 48-member board of governors of the Inter-American Development Bank (IDB). He was elected on Monday morning at the annual meeting of the board of the IDB...

Published:Wednesday | March 23, 2022 | 12:07 AMHuntley Medley/Associate Business Editor

The University of the West Indies, UWI, has waded into the global debate about the causes and implications of Russia’s invasion of Ukraine. It has even alluded to a possible point of resolution and suggested at least one consequence that should...

Published:Wednesday | February 23, 2022 | 4:52 AMHuntley Medley/Associate Business Editor

Faced with continued price increases that have proven more stubborn that initially anticipated, the central bank is keeping a keen split screen focus on several local and global drivers of inflation, at the ready to engage various policy levers for...

Published:Wednesday | February 16, 2022 | 12:05 AMHuntley Medley/Associate Business Editor

Mystic Mountain, the popular attraction in Ocho Rios, St Ann, known for its tropical rainforest canopy and wild rides, appears headed for the auction block as receiver Wilfred Baghaloo maps out the shortest route to enabling bondholder Sky-High...

Published:Thursday | February 10, 2022 | 12:10 AMHuntley Medley/Associate Business Editor

President and CEO of Sagicor Group Jamaica (SGJ), Christopher Zacca, says the financial services conglomerate, which is heavily invested in insurance and banking, sees no loss of goodwill in Alliance Financial Services Limited (AFSL), which it is...

Published:Wednesday | February 9, 2022 | 12:07 AMHuntley Medley/Associate Business Editor

A ruling by the Caribbean Court of Justice, CCJ, in an almost two-year-old case, has restated the importance of the 40 per cent common external tariff, CET, to trade within the 15-nation Caricom trading bloc. The February 1 judgment is being hailed...

Published:Wednesday | February 2, 2022 | 12:06 AMHuntley Medley/Associate Business Editor

Rising inflation is creating a headache for governments and citizens alike in Jamaica’s major trading partner countries, particularly the United States. It’s also fuelling pass-through price increases along the still-problematic supply chain, all...

Published:Monday | December 27, 2021 | 12:07 AMHuntley Medley/Associate Business Editor

Outgoing Jamaica Country Representative and Caribbean General Manager of the Inter-American Development Bank (IDB), Therese Turner-Jones, is convinced that Jamaica’s chances of surviving the economic onslaught of the ongoing COVID-19 pandemic are...

Published:Wednesday | December 22, 2021 | 12:12 AMHuntley Medley/Associate Business Editor

Financial regulators Bank of Jamaica, BOJ, and the Financial Services Commission, FSC, have been brought into the loop on the emerging legal wrangle involving Cornerstone United Holding Jamaica Limited, CUHJL, and brokerage Sagicor Investments...

Published:Monday | December 20, 2021 | 12:08 AMHuntley Medley/Associate Business Editor

Therese Turner-Jones, the Caribbean economist and noted development advocate, says she has no ill will towards the Inter-American Development Bank (IDB) or its president, Mauricio Claver-Carone, who this month pulled the plug on her nearly nine-...

Published:Wednesday | December 15, 2021 | 12:06 AMHuntley Medley/Associate Business Editor

The Inter-American Development Bank, IDB, has not yet decided on the next five-year programme for Jamaica or the size of the new envelope the country will get in loan and grant aid from the institution. However, the bank’s president, Mauricio...

Published:Wednesday | December 8, 2021 | 12:09 AMHuntley Medley/Associate Business Editor

Creditors of Mystic Mountain Limited, MML, are to know on January 18 whether a creditors’ meeting held in August regarding settlement of the attraction company’s debt to holders of its secured bonds, which it has stated as $1.2 billion, will be...

Published:Wednesday | November 24, 2021 | 12:09 AMHuntley Medley/Associate Business Editor

Bank of the Jamaica, BOJ, which houses the prime contact office that spearheads Jamaica efforts to bring the country’s laws in line with the global regime on anti-money laundering and countering the financing of terrorism, or AML/CFT, regime, has...

Published:Wednesday | November 17, 2021 | 12:11 AMHuntley Medley/Associate Business Editor

As real estate developers attract increasing attention for the possibility of money laundering activities, there is an emerging difference of opinion on whether this segment of the real estate industry is covered in the existing anti-money...

Published:Wednesday | October 27, 2021 | 3:12 AMHuntley Medley/Associate Business Editor

On the heels of an endorsement of its portfolio company Barita Investments Limited by the Trinidad and Tobago finance minister, Colm Imbert, investment holding company Cornerstone is commenting for the first time on its relationship with...

Published:Wednesday | October 20, 2021 | 12:06 AMHuntley Medley/Associate Business Editor

With the intention of changing the Montego Bay skyline to boast more modern high-rise residences to rival the real estate construction boom taking place in Kingston, businessman Manoj Ramchandani, who is based in the western city, has delivered on...

Published:Wednesday | October 13, 2021 | 12:08 AMHuntley Medley/Associate Business Editor

Jamaica is unlikely to be taken off several international lists that have tagged the country as being non-compliant with the global anti-money laundering and combating the financing of terrorism, or AML/CFT regime, unless issues now before the...

Published:Wednesday | October 6, 2021 | 12:06 AMHuntley Medley/Associate Business Editor

Amid output recovery in the June quarter and quick on the heels of the central bank’s rate hike, ratings agency Standard & Poor’s Global 

Published:Wednesday | August 11, 2021 | 12:09 AMHuntley Medley/Associate Business Editor

Two meetings of groups of creditors of indebted Ocho Rios attraction Mystic Mountain Limited, MML, held during the past week, have failed to resolve issues related to whether the beleaguered company will be declared bankrupt and its assets sold off...

Published:Wednesday | August 4, 2021 | 12:11 AMHuntley Medley/Associate Business Editor

Creditors of indebted Ocho Rios attraction Mystic Mountain are scheduled to meet today in a bid to change the trustee in bankruptcy named last month by Mystic Mountain Limited, MML, as part of a proposal to settle nearly US$14 million, or...

Published:Wednesday | July 28, 2021 | 12:07 AMHuntley Medley/Associate Business Editor

Dr Sherridene Lee, at 33, is a decade into medical practice and two years into health business venture i-doc Concierge Wellness Services Limited, a partnership with colleague Dr Jacqueline Chambers. Now the western Jamaica-based doctors, with the...

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