Wed | Nov 29, 2023

Business

Published:Sunday | November 19, 2023 | 12:10 AM

QUESTION: I’m a recent university graduate and I eventually plan on starting up a corporate company that can expand across North America. My goal is to live my best life, and to do that I need financial freedom and the freedom to use my time...

Published:Monday | November 20, 2023 | 3:52 PMAvia Collinder - Business Writer

The Bank of Jamaica, BOJ, has rolled out a public information campaign to sensitise users and financial institutions on how to recognise counterfeit polymer banknotes that entered circulation in mid-June. The central bank advises in the meantime...

Published:Sunday | November 19, 2023 | 12:07 AM

Liberty Latin America says its Flow operations in Jamaica and other territories have reached an agreement to sell a large block of cell towers to American company Phoenix Tower International in a deal worth US$355 million. The deal with Flow...

Published:Sunday | November 19, 2023 | 12:07 AM

A video recording is worth many orders of magnitude more than a photograph that, in times past, was said to be worth more than a thousand words. The person who videoed the unhealthy hygiene practised by a vendor at one of Kingston’s popular food...

Published:Friday | November 17, 2023 | 11:04 AM

Shareholders of NCB Financial Group Limited (NCBFG) are getting an early Christmas present, as the Board of Directors has approved an interim dividend payment of $0.50 per ordinary stock unit. The NCBFG Board took the decision at its...

Published:Friday | November 17, 2023 | 12:07 AMSteven Jackson - Senior Business Reporter

Financial conglomerate JMMB Group Limited has grown its country network to four operational territories with the addition of Barbados. The diversification across countries and business lines, management said, was a key factor in the group’s...

Published:Friday | November 17, 2023 | 12:07 AM

Pharmacy chain Fontana Limited reported a rare first-quarter dip in profit, due to increased staff and other costs related to the opening of its newest store in Portmore, St Catherine. A similar dip happened when the company opened its sixth store...

Published:Friday | November 17, 2023 | 12:07 AM

As the world was recovering from the pandemic, inflation shot up owing to widespread disruptions to global supply chains and sudden changes in patterns of demand. While the demand shifts might have posed a challenge to price stability even in the...

Published:Friday | November 17, 2023 | 12:07 AM

A federal judge on Tuesday tentatively approved a portion of the newest plan to restructure US$10 billion of debt owed by Puerto Rico’s power company amid heated negotiations between creditors and the United States territory’s government. The...

Published:Friday | November 17, 2023 | 12:06 AMAvia Collinder - Business Writer

The American market now accounts for 51 per cent of Jamaican Teas Limited’s foreign sales, advances that Export Manager Jonathan Mahfood has linked to the company’s expanding range of packaged soups and diversification of the Caribbean Dreams brand...

Published:Thursday | November 16, 2023 | 12:08 AM

Venezuela’s vice president on Wednesday vowed that her country will press ahead with a referendum on the future of a large tract of mineral-rich territory that it claims in a long-running dispute with neighbouring Guyana. Vice President Delcy...

Published:Wednesday | November 15, 2023 | 12:10 AM

One year after declaring its concern about the effect of advertising in the gambling industry, the Betting, Gaming and Lotteries Commission, BGLC, has taken took another step towards tighter regulation. Stakeholders have until December 1 to make...

Published:Wednesday | November 15, 2023 | 12:10 AM

Depositors in the Ocean’s Edge Country Club residential development have started to receive their refunds. The project at Discovery Bay, St Ann, has been stalled for 13 months with little information coming to depositors who paid down between US$50...

Published:Wednesday | November 15, 2023 | 12:09 AM

The men who lead Jamaica’s largest banking group for two decades have officially cut ties with the institution and indications are it came at a big price, four months after the principal owner Michael Lee-Chin took charge of the group and installed...

Published:Wednesday | November 15, 2023 | 12:08 AM

JBC Distributors Inc, an American company that utilises brand Jamaica to promote its Sunny Isle castor oil product, has adjusted the labelling following the intervention of the Fair Trading Commission. It’s the latest win for local authorities...

Published:Wednesday | November 15, 2023 | 12:07 AM

Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedevilled consumers for the past two years. Tuesday’s report from the Labor...

Published:Wednesday | November 15, 2023 | 12:07 AM

Disney on Tuesday released a study showing its economic impact in Florida at US$40.3 billion as it battles Florida Governor Ron DeSantis and his appointees over their takeover of the district that governs the entertainment company’s massive resort...

Published:Wednesday | November 15, 2023 | 12:07 AM

As one of the world’s most unequal regions, Latin America is desperately in need of additional revenues if it is to solve its knotty economic, social, and environmental problems. But tax collection in Latin American and Caribbean, LAC, countries is...

Published:Wednesday | November 15, 2023 | 12:06 AM

A flagship EU law intended to push European companies towards net zero faces being seriously weakened by member states, a confidential document passed to The Associated Press reveals, with firms seemingly no longer forced to implement Paris...

Published:Wednesday | November 15, 2023 | 12:06 AM

Exxon Mobil Corp on Monday announced it is drilling for lithium in southern Arkansas, with the oil giant expected to begin production of the critical material for electric vehicles by 2027. Exxon in early 2023 acquired the rights to 120,000 gross...

Published:Wednesday | November 15, 2023 | 12:06 AM

The tiny Caribbean island of Dominica is creating the world’s first marine protected area for one of earth’s largest animals: the endangered sperm whale. Nearly 300 square miles (800 square kilometres) of royal-blue waters on the western side of...

Published:Wednesday | November 15, 2023 | 12:06 AMAvia Collinder/ - Business Writer

On a busy Friday afternoon in Kingston, outsourcing company Ibex Limited took to the streets with a float, featuring music and women dressed in red – the company’s signature colour – to woo new workers. Ibex is currently seeking 2,000 employees...

Published:Wednesday | November 15, 2023 | 12:05 AM

First Person Inc is setting up a psychedelic mushroom company in Jamaica for research and development, with an initial outlay of US$500,000. The funds would come from the Canadian company’s pending initial public offering of shares that’s aimed at...

Published:Tuesday | November 14, 2023 | 12:08 AM

El Salvador’s government has begun slapping a US$1,130 fee on travellers from dozens of countries connecting through the nation’s main airport, amid pressure from the United States to help control migration flows to its southern border. Since the...

Published:Sunday | November 12, 2023 | 12:08 AM

America’s top accident investigator said Thursday that a surge in close calls between planes at US airports this year is a “clear warning sign” that the aviation system is under stress. “While these events are incredibly rare, our safety system is...

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