Fri | Sep 24, 2021

Business

Published:Friday | September 24, 2021 | 12:11 AM

Head of Montego Bay-based listed pharmaceutical company Indies Pharma, Dr Guna Muppuri, says he and the company are already looking past a 35 per cent drop in nine-month profits to July 31. It’s the long term on which their gaze it fixed, as the...

Published:Friday | September 24, 2021 | 12:10 AM

Recently, the Government of Jamaica took a decision that the draft Caricom standard specification for the labelling of pre-packaged foods to include front of package labelling, FOPL, should, in addition to the ‘high-in’ octagon model, include other...

Published:Friday | September 24, 2021 | 12:10 AM

The US-based rating agency Moody’s has downgraded the sovereign creditworthiness of The Bahamas as the country welcomed a new government last week following general elections. Moody’s slashed the country’s long-term issuer and senior unsecured...

Published:Friday | September 24, 2021 | 12:10 AM

The director general of the Caribbean Hotel and Tourism Association (CHTA), Vanessa Ledesma, says while travel advisories have been placed on several Caribbean destinations due to the increase in COVID-19 cases, travel to the region is safe because...

Published:Friday | September 24, 2021 | 12:10 AM

A US-based private cybersecurity company said on Wednesday it has uncovered evidence that an Indian media conglomerate, a police department and the agency responsible for the country’s national identification database have been hacked, likely by a...

Published:Friday | September 24, 2021 | 12:10 AM

Financial conglomerate JMMB Group Limited, living up to its group CEO Keith Duncan’s mantra of not wasting a crisis, is expanding its business and intends to enter a new Caribbean country this financial year as part of a slate of upcoming...

Published:Friday | September 24, 2021 | 12:10 AM

Advertising and production company Limners and Bards Limited, which trades as The LAB, grew earnings 32 per cent to $142 million for the nine-month period up to July, on revenues which also rose 37 per cent to $942 million. The performance was...

Published:Friday | September 24, 2021 | 12:10 AM

The European Central Bank, ECB’s first climate stress test shows higher risks of loan defaults for banks in fire-plagued southern Europe and argues that an earlier and orderly shift to greener energy may have costs, but pays off for the economy...

Published:Friday | September 24, 2021 | 12:10 AM

Time growing shorter, United States President Joe Biden planned to meet privately on this week with House and Senate Democrats as the US Congress worked to bridge party divisions over his big ‘build back better’ agenda ahead of crucial voting...

Published:Friday | September 24, 2021 | 12:10 AMSteven Jackson - Senior Business Reporter

Europe-based global clean energy firm MPC Energy Solutions, which is listed on the Oslo Stock Exchange in Norway, is reporting that it has leased several acres of land in Jamaica as part of a major project to develop a 72.5-megawatt, MW, solar...

Published:Friday | September 24, 2021 | 12:09 AM

After initially getting derailed earlier this year, Canadian Pacific Railways’ (CP) US$31 billion acquisition of rail operations Kansas City Southern (KCS) is back on track after another company rail firm Canadian National (CN) recently dropped...

Published:Friday | September 24, 2021 | 12:09 AM

Younger generations seem to have a knack for disrupting the status quo, and life insurance may be next on the list. As Generation Z and millennial workers challenge the concept of a traditional career and drive an increase in freelancing, the role...

Published:Friday | September 24, 2021 | 12:06 AM

The planned completion of the expansion in the distribution business of manufacturing and distribution company Seprod, which was set to come on stream at the end of September, has been delayed. The company is now looking for the project to happen...

Published:Friday | September 24, 2021 | 12:06 AM

Indonesian authorities have found no evidence that the country’s main intelligence service’s computers were compromised, after a United States-based private cybersecurity company alerted them of a suspected breach of its internal networks by a...

Published:Thursday | September 23, 2021 | 4:39 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced marginally Thursday, on heavy trading, with an advance/decline ratio of 37/35. The index moved up by 371.19 points or 0.09 per cent to close at 405,301.56. The JSE Main Market Index was down...

Published:Thursday | September 23, 2021 | 12:07 AM

Congressional Democrats in the United States are calling top executives at ExxonMobil and other oil giants to testify at a House hearing, as lawmakers investigate what they say is a long-running, industry-wide campaign to spread disinformation...

Published:Wednesday | September 22, 2021 | 5:22 PM

Colin McGann, Assistant General Manager of Innovation at MC Systems, the technology arm of The Jamaica National Group said businesses, academia, government and civic leadership are to be empowered so that they can collectively innovate. “From that...

Published:Wednesday | September 22, 2021 | 4:03 PM

The Jamaica Stock Exchange (JSE) Combined Index continued its downward trend Wednesday with an advance/decline ratio of 36/49. The index declined by 2,052.58 points or 0.50 per cent to close at 404,930.37. The JSE Main Market Index was down 1,499....

Published:Wednesday | September 22, 2021 | 12:09 AMSteven Jackson/Senior Business Reporter

MBJ Airports Limited, operator of the Sangster International Airport in Montego Bay, expects the long-awaited runway extension project there to start this year, and the major infrastructure work should cost about US$70 million, or $10.5 billion. “...

Published:Wednesday | September 22, 2021 | 12:08 AM

Despite the COVID-19 pandemic having driven much of Jamaica’s business and social activities online, there has been a mere 4.5 per cent increase in the availability and use of broad internet service – both fixed and mobile – in the country over one...

Published:Wednesday | September 22, 2021 | 12:08 AM

The slow pace of vaccination in most Caribbean countries is being fingered as a major impediment to the recovery of Caribbean economies from the effects of the COVID-19 pandemic. Chief Economist at Barbados-based, financial technology firm BITT Inc...

Published:Wednesday | September 22, 2021 | 12:08 AM

An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency. Erected in a business park near the Danube River in...

Published:Wednesday | September 22, 2021 | 12:08 AM

A United States House committee recently dealt the first ominous setback to US President Joe Biden’s social and environment package, derailing a money-saving plan to let Medicare negotiate the price it pays for prescription drugs. The House...

Published:Wednesday | September 22, 2021 | 12:05 AMKarena Bennett - Business Reporter

The world over, the dynamics of retail are changing, thanks to COVID-19. Supermarkets in Jamaica, too, have been forced to adjust their operational routines, some for the better, as a result of pressures brought by the pandemic in general, and more...

Published:Wednesday | September 22, 2021 | 12:05 AM

Real estate finance firm Sygnus Real Estate Finance, SRF, fell short of its goal of raising about $3.9 billion on Jamaica’s capital market, instead garnering $2.3 billion in an IPO that closed September 10. SRF was seeking to raise up to US$25...

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