Tue | Dec 7, 2021

Business

The company logo adorns a sign outside a Toyota dealership in Lakewood, Colorado.

Toyota is preparing to build a US$1.3-billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people, government officials said on Monday. Toyota was identified during a morning meeting of the state...

KPMG Jamaica has doubled its outsourcing workforce from 250 to 500 in a year, and is still in the process of hiring more people, having co-invested in expanded facilities. The rapid expansion of subsidiary business KPMG Jamaica Extended Support...
Pallets of Carib Cement being stacked at Caribbean Cement’s plant in Rockfort, Kingston.

Caribbean Cement Company Limited appears to see the royalty payment to Cemex partly as payback, noting that for five years it has benefited from the intellectual property and internal systems of its Mexican parent Cemex for which is received value...

Investors can extract oil in commercial quantities from Jamaica at less than half the most conservative price point needed to break even on new ventures, according to United Oil and Gas Plc, the company currently exploring one of the most...

Anglin Global Affiliates, AGA, has acquired the multistorey Advantage General building at Market Street in Montego Bay, where the five-year-old Montego Bay-based turnkey property and equipment rental company founded by CEO Omar Anglin, once rented...

Adventure park Wata Land Limited, along with its assets, is up for sale for US$2 million, or about $312 million in Jamaican currency. The property spanning 40 acres, half of which is used for the water park, has been on the market for roughly a...

Creditors of indebted The Marketing Counselors Limited are set to receive a final bankruptcy payment in mid-December as part of a proposal to settle debts that originally surpassed $100 million. The company, formerly a top-tier marketing and...

Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic, are being rattled again as countries throw up new barriers to travel in an effort to contain the omicron variant. From...

OPEC and allied oil-producing countries have decided to maintain the amount of oil they pump to the world even as the new omicron variant casts a shadow of uncertainty over the global economic recovery from the coronavirus pandemic. Officials from...

The Jamaica Stock Exchange (JSE) Combined Index declined on Thursday with an advance/decline ratio of 29/51. The JSE Combined Index declined by 6,478.30 points or 1.62 per cent to close at 393,160.50. The JSE Main Market Index declined by 6,677.31...
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