The reviews are starting to come in as details emerge about the debt ceiling agreement reached by United States President Joe Biden and House Speaker Kevin McCarthy. Even before seeing those details, some lawmakers were criticising the deal as not...
Recent headlines seem to augur a global debt crisis. The United States is teetering on the precipice of a self-inflicted default. Egypt, Ghana, Pakistan, and many other countries are in grave financial difficulties. Italy and Japan’s debt burdens...
So you just got a very good adjustment to your salary and you are really happy. Life is going to get better. No doubt about that. That must be the logical outcome. Well, it depends. It depends on many factors: how well you manage spending, saving,...
Your company is dealing with a significant challenge. Due to the complexity of the issue, it is hard to determine the right path forward. This is an intellectual puzzle that needs the attention of analytic minds. But is finding the optimal answer...
When Russia invaded Ukraine, global companies were quick to respond, some announcing that they would get out of Russia immediately, others curtailing imports or new investment. Billions of dollars’ worth of factories, energy holdings, and power...
It is too early to tell whether all the talk about reforming development finance at this year’s International Monetary Fund and World Bank spring meetings will translate into meaningful policy action for the Global South. But multilateral financial...
VM Group Limited has its feelers out for attractive businesses to buy, on the heels of the $11 billion raised on the private market from an offer of preference shares through new entity VM Financial Group. President and CEO of VM Group Courtney...
Microfinancing firm ISP Finance Services Limited has added two new members to its board of directors amid continuing efforts to secure a licence from the Bank of Jamaica to continue business under the new Microcredit Act. The company has named...
Power utility Jamaica Public Service Company Limited, JPS, will spend US$18.25 million ($2.83 billion) on specific projects designed to improve the reliability of the electricity grid following a spike in outages. On average, the number of outages...
The Jamaica Stock Exchange (JSE) Combined Index close the week on a winning note on Friday. The moderate trading ended with an advance/decline ratio of 53/32. The JSE Combined Index advanced by 2,495.00 points or 0.72 per cent to close at 348...
Shares of Nvidia, already one of the world’s most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signalling how vastly the broadening use of artificial intelligence could reshape the tech sector. The...
With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit. On Wednesday night, the rating agency Fitch put the nation’s credit on...
NCB Financial Group Limited sought to quell speculation on Wednesday night regarding its chairman, billionaire investor Michael Lee-Chin, after initially announcing his pending leave of absence from the board without explanation. The initial...
New rules regarding insurance contracts that have been called the most radical in a decade have carved about $45 billion off the capital base of two of the largest insurance conglomerates that operate businesses in Jamaica. Collectively, Sagicor...
Used car dealer Jetcon Corporation says loan rate hikes and scarce funds have slammed the brakes on cars moving off its lots, and pulled the auto trader into losses in the March quarter. Jetcon has issued its first-quarter results, although its...
The 15 of 15 Alternative Fund managed by Portland Counsel has exited its holdings of Meta Platforms stock and reacquired shares in luxury brand LVMH, which owns Hennessy and Louis Vuitton. Meta Platforms Inc, which owns Facebook, Instagram and...
Energy products trader and pipe manufacturing company FosRich has entered the United States through the newly incorporated FosRich USA Inc, which is expected to start doing business by the end of summer. CEO of FosRich Company Limited Cecil Foster...
In hearings in the Supreme Court on Monday, Justice David Batts asked the lawyers representing issues remaining to be settled in the case of Mystic Mountain Limited, a company in bankruptcy, to marshall more evidence for a final hearing at the end...
Property developer Stanley Motta Limited is scouting tenants for a new commercial high-rise at Half-Way Tree Road in Kingston into which it is pumping US$12 million. In a move aimed at diversifying its rental client base beyond the business process...
The Bank of Jamaica is forecasting that inflation will align with the target range for the December quarter and be maintained up to the period ending March 2024. But BOJ Governor Richard Byles is also warning of possible temporary upward pressure...
The NCB Financial Group (NCBFG) has sought to address questions regarding the decision of billionaire businessman Michael Lee-Chin to take a three-month leave of absence from his post as chairman of the group. In a media release on...
The Jamaica Stock Exchange (JSE) Combined Index gained ground on Wednesday. The moderate trading, ended with an advance/decline ratio of 40/55. The JSE Combined Index advanced by 2,890.60 points or 0.84 per cent, to close at 347,251.23. ...
Higman and Monteith stated that “the study of business history as a distinct discipline is well established in many places but relatively neglected in the West Indies”. Danns opined that scholars who have written on the development of the Caribbean...
Derrimon Trading Group earnings plummeted to $53 million in the first quarter ending March, a performance that reflected costs to operate the expanding business. The company, which has been in growth mode for some two years, reported a 120 per cent...
