Business
Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming new McDonald’s. It was the first American fast-food restaurant to enter the Soviet Union, reflecting the new political openness of...
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Banking conglomerate Scotia Group Jamaica Limited, SGJ, is deepening its insurance footprint with plans to enter the general insurance market. The group already operates a life insurance business, Scotia Jamaica Life or SJLIC, which it attempted to...
GK Investments Limited, a subsidiary of GraceKennedy Group, will acquire shares in a company that is for now only being described as a data analytics and fintech firm. The deal is expected to close in less than a month, Group CEO Don Wehby says. It...
Business operators making early moves in the electric vehicle market are still analysing the concessions proposed by the Government this week, but their initial take is that the measures are counterproductive. The minister of finance announced a 20...
The Inter-American Development Bank is holding up Jamaica as a raving success story for the global outsourcing industry, more popularly known as business process outsourcing or BPO, but the head of the multilateral financing institution is...
This is budget time. The spending programme that the Jamaican government presents each year affects all of us. It can significantly affect our personal budget in terms of our disposable income and how much we spend, save, and invest. The national...
QUESTION: I currently have a business idea that I am working on, but I came up with another idea. I do not know where to start or how to even make money from it. Please, can you help? — Bizidea BUSINESSWISE: It is unfortunate that you did not...
The video on social media about Finance and Public Service Minister Dr Nigel Clarke and his barber Paul that was filmed at Gordon House last Tuesday was political theatre. The aim: to provide elected representatives and members of the public with a...
The superyacht Dilbar stretches one and a half football fields in length. It has two helipads, berths for more than 130 people, and a 25-metre swimming pool that itself can accommodate another superyacht. Dilbar was launched in 2016 at a reported...
Argentine lawmakers on Friday approved an agreement with the International Monetary Fund to refinance a US$45 billion debt, a vote meant to avoid economic turmoil but that divided the governing party. The overwhelming vote of 202 to 37, with 13...
Puerto Rico’s governor announced that his administration was cancelling a proposed debt restructuring deal for the island’s public power company, calling it unfeasible. The deal had been in the works for several years and was delayed by the...
Food manufacturing giant GraceKennedy Limited is exploring how it can integrate more of its international manufacturing processes into its five Jamaican plants amid back-to-back catastrophic global events that continue to pressure its supply chains...
The economic fallout from the war between Russia and Ukraine is unlikely to surpass that of the pandemic, participants in a VM economic forum have suggested. The conflict in Europe is in its third week, whereas the pandemic has been ongoing for two...
The Jamaican government and those around the world, as well as business leaders and consumers, are being urged to begin to consider the possibility and dire implications of a new global recession caused by a conflation of factors emanating from the...
The bauxite/alumina operations of Windalco have not been affected by the sanctions imposed on Russia so far, its owners say. As the conflict between Russia and Ukraine intensifies, the Jamaican government is mulling various scenarios, with one...
In a recent article published in The Gleaner, titled ‘PSOJ sees credit squeeze after ‘blunt’ BOJ rate hike’, the Private Sector Organisation of Jamaica is reported to have expressed the view that it is against the recent interest rate decisions...
