Business
As the Bank of Jamaica combs through the applications for microcredit licences, a clearer picture of the dispersed sector that has now fallen under its regulatory umbrella is emerging. Only 13 firms have been licensed to date, at last report, with...
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Experts clashed over whether funds should flow towards winning sectors such as tourism, as opposed to investing in ‘losing’ sectors such as education to spur economic growth, during a forum convened by Jamaica’s leading corporate lobby. Growth...
Seprod Limited is rebuilding the warehouse that was destroyed by fire at the Facey Commodity complex located within Kingston’s industrial belt, although it doesn’t own the facility. Signs of the construction emerged two months ago, but Seprod CEO...
GraceKennedy Limited is adding seven new Hi-Lo stores by 2030, the next of which will open in Mandeville, Manchester. The Mandeville store will mark the supermarket chain’s return to the central Jamaican town after a decade-long hiatus. Hi-Lo...
The United Kingdom Privy Council has upheld a ruling by the Jamaican Court of Appeal that telecommunications provider Cable...
The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic. That’s the latest outlook of the World Bank, a 189-...
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The...
The United States Securities and Exchange Commission sued cryptocurrency platform Coinbase on Tuesday, charging the company with operating an unregistered securities platform and brokerage service. The lawsuit comes a day after the SEC filed...
Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong place? That’s what the US Consumer Financial Protection Bureau is asking in a report...
Mayberry Investments Limited has confirmed that it was a victim of a cyberattack. The investment firm says it has not experienced any disruption as a result of the attack, and is seeking to assure clients that their financial portfolios have not...
The European Union is pushing online platforms like Google and Meta to step up the fight against false information by adding labels to text, photos and other content generated by artificial intelligence, a top official said Monday. EU Commission...
The size and scope of the so-called roots drinks market in Jamaica remains largely cloaked by the informal nature of the trade. But having experienced a downturn during the health crisis, the market is regaining strength as sole trader DTOS...
Microlender Dolla Financial has set aside plans for a second branch in Guyana, and instead will put more muscle behind growing the Georgetown operation launched two years ago. CEO Kadeen Mairs made the disclosure during the company’s annual general...
More than a decade after a law was passed to regulate the management of residential complexes and other properties that operate as strata corporations, compliance with the regulations that support their proper management remains low. Stratas are...
Some people do not invest because they know little about investing or feel that they do not have enough money to do so, but there are others who have some knowledge and reasonable resources who choose not to because they do not have the time to do...
