Some local pharmacists describe as gold-plated the National Health Fund programme under which private pharmacies collect a fraction of the cost of drugs from clients but are repaid the full cost of the medication on a weekly basis. The system has...
United Oil and Gas Plc wants the Jamaican government to further extend the timeline of its licence to explore for oil offshore. The company has now identified a preferred potential partner for the Walton-Morant licence to explore the block, it said...
Development Bank of Jamaica, DBJ, will develop a sustainability reporting structure for local entities, particularly small companies trying to access certain levels of funding. Sustainability reporting focuses on areas beyond financial reporting to...
Chartered accountant and career banker Dennis Cohen is to work for free as he leads a broad-based transformational group at the Mona campus of the University of the West Indies. Pro-Vice-Chancellor and Principal of UWI Mona Professor Densil...
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 46/40. The JSE Combined advanced by 1,420.45 points or 0.43 per cent, to close at 328,954...
The leaders’ declaration that emerged from the recent G20 summit in New Delhi highlighted the urgent need for collective action on climate change and sustainable finance. Central to the group’s Green Development Pact is the recognition that the...
Debate over proposed regulations for deep-sea mining will stretch into next year as a United Nations agency that presides over the international seabed concluded its last meeting of the year on Wednesday. The ongoing debate has led to growing...
Century Aluminum Company, the owners of Jamalco, disclosed on Wednesday that during summer, the power generation unit at the Clarendon-based refinery malfunctioned, costing the company about US$22 million. The loss translates to $3.4 billion in...
When Hurricane Irma slammed into the tiny Caribbean island of Barbuda as a Category 5 storm in 2017, the government temporarily evacuated the entire population of some 1,600. Even before many people returned, American developers were allowed in and...
With the commissioning of a new production line in which it invested US$30 million, Pepsi-Cola Jamaica Bottling Company Limited says it is gunning for more market share in Jamaica and export markets. The company officially opened the new production...
Gary ‘Butch’ Hendrickson, head of National Baking Company Limited, is exasperated with what he describes as recurring issues relating to raw materials import restrictions caused by government regulations that serve no one’s interests and continue...
Prime Minister Andrew Holness has described as a ‘national emergency' the need to reach out to Jamaica’s human resources who are outside the formal labour force, given evidence of a labour shortage. He says despite programmes that are in train to...
General Motors’ Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after one of them dragged a pedestrian to the side of a San Francisco street in early October. The company said in documents posted by United States...
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $1.30 to sell for $178.66 per litre and a litre of E-10 90 will go down by $1.27 to sell for $...
The Jamaican government’s $46.6 billion bond issued internationally but linked to the Jamaican dollar forms part of a strategy to convert more of the country’s debt to local currency. It’s the first global bond to be linked to the JMD, the Ministry...
WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. In a late Monday announcement,...
Regional central bank governors are giving support to a pilot programme for the Caricom payments and settlement system called CAPSS. At the end of a two-day meeting hosted by the Bank of Jamaica from November 2-3, the central bankers “resolved to...
Jamaica Bauxite Mining Limited, JBM, expects to max out capacity at the Reynolds Pier if, as expected, limestone shipments volumes rise to 1.5 million metric tonnes, or six times their current levels. Once that happens, the company plans to expand...
Private pension funds continued to regain value, even as industry regulator Financial Services Commission, FSC, reported a dip in coverage by twenty-five basis points to 11.74 per cent of the working population in the June quarter, mainly due to...
As incomes in China have grown in the last decade, so has China’s appetite for beef. No longer out of reach for China’s middle class, beef now sizzles in home woks and restaurant kitchens. China has become the world’s biggest importer of beef, and...
Latin Americans frequently complain about being far from the rest of the world, but sometimes distance can be an advantage. As the great economic historian Carlos Díaz-Alejandro noted, in “the 1930s and 1940s, most Latin Americans could feel lucky...
Businesses expect higher inflation but stable interest rates by the end of this year, according to a new Bank of Jamaica survey. About 56 per cent of those surveyed think the rate will remain unchanged to December, and that’s up from 48 per cent in...
China’s imports rose in October while exports fell for a sixth straight month, compared with a year earlier, in the latest evidence the world’s second- largest economy remains in the doldrums. Customs data released on Tuesday showed imports climbed...
Morale and trust within the Walt Disney World government has deteriorated since allies of Florida Governor Ron DeSantis took it over earlier this year, according to many employees who have departed in recent months, saying the governing district...
