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...
More than 900 software developers and other attendees showed up on Monday to the inaugural developer conference for the artificial intelligence company behind ChatGPT, embracing a Silicon Valley tradition for technology showcases that Apple helped...
FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement, and dreams of a future run for president — hit rock bottom Thursday when a...
The term ‘Global South’ is in constant use nowadays. For example, some commentators warn that Israel’s incursion into Gaza is “alienating the Global South” and we often hear that the ‘Global South’ wants a ceasefire in Ukraine. But what do people...
Financial shocks can be as sudden and devastating as a serious earthquake. They can come in the form of the death of a major breadwinner, serious injury, serious investment losses, loss of a valuable asset such as a home, and a divorce, although...
“Jamaica has a well-developed disaster-response mechanism.” This statement was attributed to Prime Minister Andrew Holness in the aftermath of last Monday’s 5.6 magnitude earthquake, according to this newspaper. Disaster-response mechanism,...
The University of Technology Jamaica, which churns out the most trained pharmacists annually, is of the view that the numbers certified should be enough to serve the sector. But there is a rising worry within the trade that job positions are going...
United States President Joe Biden on Friday welcomed government leaders from countries across the Americas to an economic summit by pledging to increase US investment in the region in part to counter China’s influence. The US president did not...
QUESTION: I’m reaching out to you for guidance to get started on the right footing. In my opinion, the market in Jamaica needs independent financial planning, especially for younger people. My experience is that most financial advisers here are not...
After delays and disruptions in supplies linked to war and the pandemic, the new commercial complex under development by the Loshusan family in Mandeville is now two to three months to the finish line. Director Bruce Loshusan said the mall should...
As Jamaica heads towards the next round of assessments by watchdog Financial Action Task Force, FATF, in February, the Prime Contact Secretariat housed at Bank of Jamaica says Companies Office of Jamaica is going public with the names of companies...
The Federal Reserve, America’s central bank, kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead. The Fed...
The Jamaican government is floating a new sovereign bond on international markets, in search of fresh capital to pay down existing debt. It’s the first major global bond raise for the country in four years. Net of discounts and expenses, the offer...
Jamaica Broilers Group Limited, JBG, entered six markets in the past year and is now looking towards both its regional and US segments to drive growth for the poultry company, notwithstanding logistical problems faced in exporting to new Caribbean...
The Margaritaville Jamaica franchise, which operates clubs and restaurants along the north coast, plans to list on the Jamaica Stock Exchange through an initial public offering of shares. The Jamaica operations include locations in Montego Bay,...
Heavy equipment dealer IMCA Jamaica will move into its newly developed home in Kingston by year end, country director Jose Sasso said this week. But he’s not saying what’s to become of the company’s current operating base at 217 Spanish Town Road....
A real estate agent who sued the Real Estate Board of Jamaica, REB, over conditions to which she was subjected in order to qualify for a salesman licence has lost her bid to challenge an adverse Supreme Court ruling that sided with the regulator....
NCB Employees Co-operative Credit Union is now the National and Community Co-operative Credit Union, NCCCU, a name change befitting the repositioning of the organisation to serve an expanded membership pool, says General Manager Patricia Tomlinson...
Delegates from 28 nations, including the United States and China, agreed on Wednesday to work together to contain the potentially “catastrophic” risks posed by galloping advances in artificial intelligence. The first international AI Safety Summit...
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 $3.06 to sell for $179.96 per litre and a litre of E-10 90 will go down by $3.06 to sell for $...
