Business
Microlender Dolla Financial Services approached investors again for fresh capital, having already run through the $1.2 billion raised less than a year ago, says CEO Kadeen Mairs. This time, Dolla is seeking US$5 million, or around $750 million in...
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Boutique alcoholic beverage manufacturer RJ Rums and Spirits is coming to market in days with a mango liqueur that it will sell under the brand name Orchid. The line will also include other fruit flavours over time. The company is already in the...
IMCA Jamaica, the local exclusive distributor for construction and mining equipment manufacturer Caterpillar, has added a new brand to its line-up known as SEM. The SEM equipment is designed by brand-owner Caterpillar, but made in China, using...
Jamaica slipped five spots to 68 in the global happiness rankings, indicating that fewer Jamaicans have found things to smile about since the pandemic. It comes amid heated inflation and rising cost of living, job protests over public sector pay...
The Government of Jamaica made headlines locally and internationally recently when it announced a 44 per cent increase in the country’s minimum wage effective June 1, 2023, from the current $9,000 per week to $13,000, giving rise to several...
Investing in yourself is devoting resources, such as time and money, to develop the knowledge, skills, experience, competencies, and a state of well-being that are required to make you a more complete person with the ability to function at a high...
Today’s article will offer readers an example of a country in this hemisphere with about seven times Jamaica’s population that has taken responsibility for its vulnerability to natural disasters. Successive local administrations have ignored this...
Travel brand loyalty is nothing new. Ever since Texas International Airlines and American Airlines created the first frequent-flyer programmes in the late 1970s and early 1980s, travellers have been racking up miles, seeking elite status and...
A 5,000-mile seaweed belt lurking in the Atlantic Ocean is expected in the next few months to wash on to beaches in the Caribbean Sea, South Florida, and the Yucatán Peninsula in Mexico. The Great Atlantic Sargassum Belt — as the biomass stretching...
Economic Programme Oversight Committee chairman Keith Duncan lauded the rapid reduction in Jamaica's debt, but warned that high interest rates pose concerns. “We are the Usain Bolt of debt reduction. We will become a model to the world,” Duncan...
The Jamaica Stock Exchange (JSE) Combined Index closed the week Friday on a winning note. The moderate trading session ended with an advance/decline ratio of 42/53. The JSE Combined Index advanced by 1,499.50 points or 0.45 per cent to close at...
Bank of Jamaica has said it has no objection to the restructurings that Cornerstone has proposed in its application for a licence as a financial holding company, or FHC, but wants it to go further to bring two off-balance sheet companies onto its...
Food and logistics company Jamaica Producers Group Limited has widened its European footprint with the 100 per cent acquisition of The Juicy Group NV and HPP Belgium NV. The acquisition was completed on March 21, 2023, according to a release,...
Fitch rating agency has revised the outlook for National Commercial Bank Jamaica Limited, NCBJ, from stable to positive, reflecting an overall improvement in the economy. NCBJ is Jamaica’s largest commercial bank with assets of nearly $886 billion...
The Jamaican Government is making another try at divesting Bath Fountain Hotel...
On March 10, the eyes of the financial world were fixated on the US banking system. The share price of Silicon Valley Bank, SVB, the 16th largest US bank, plummeted upon news that it was on the verge of failing. The collapse of SVB is now the...
