Thu | Dec 7, 2023

Business

Published:Wednesday | October 25, 2023 | 12:07 AM

The Guyana Revenue Authority, GRA, says it will not amend the audited costs for expenses relating to the Stabroek oil block controlled by ExxonMobil, despite objections from the American oil company. The review relates to expenses incurred from...

Published:Wednesday | October 25, 2023 | 12:07 AM

Regional insurance facility CCRIF SPC has made its first payments of the 2023 Atlantic hurricane season, totalling US$3.4 million. The payments were made to the governments of Antigua...

Published:Wednesday | October 25, 2023 | 12:07 AM

Jamaican agro-products supplier H...

Published:Wednesday | October 25, 2023 | 12:07 AM

The International Monetary Fund, IMF, in its latest economic outlook for the Western Hemisphere, says Guyana will continue to experience robust economic expansion, even as other countries in Latin America and the Caribbean face less favourable...

Published:Wednesday | October 25, 2023 | 12:06 AM

Tensions from the war in Gaza could help accelerate the move away from planet-warming fossil fuels like oil and gas and towards renewable energy, electric cars and heat pumps — similar to how sharp increases in the price of oil during the 1970s...

Published:Wednesday | October 25, 2023 | 12:06 AM

A strike by auto workers against General Motors is expected to cut pretax earnings by US$800 million this year, and another US$200 million per week after that, the company’s chief financial officer said. And those figures include only factories...

Published:Wednesday | October 25, 2023 | 12:06 AM

AMG Packaging...

Published:Wednesday | October 25, 2023 | 12:06 AM

Mayberry Investments Limited, MIL, reported a substantial loss of nearly $1 billion in the quarter ending September, ahead of the overhaul of the group structure that has now gotten the court’s approval. The sign-off positions Mayberry to move...

Published:Wednesday | October 25, 2023 | 12:06 AM

The number of licences issued by Jamaica’s Cannabis Licensing Authority, CLA, has grown to 160 as at September, industry minister Senator Aubyn Hill has said. Speaking at the three-day CanEx Jamaica Business Conference on the weekend, Hill said the...

Published:Wednesday | October 25, 2023 | 12:05 AMSteven Jackson/Senior Business Reporter

The Government of Jamaica, GOJ, armed with two credit rating upgrades, will be raising new debt on the international market to pay down US$1.76 billion in existing global bonds. It forms part of steps to methodically reduce the island’s debt burden...

Published:Wednesday | October 25, 2023 | 12:05 AM

Jamaica Business Development Corporation, JBDC, is trying to equip 2,000 small and micro businesses with digital skills so they can earn more income through e-commerce. The agency is trying to get more businesses to sell online on their own...

Published:Tuesday | October 24, 2023 | 12:08 AM

Chevron is buying Hess Corp for US$53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply in early 2022 with Russia’s invasion...

Published:Sunday | October 22, 2023 | 12:09 AM

Last week, as I navigated the congested airport on one of the busiest travel days, a passing stranger posed a thoughtful question that momentarily whisked me away from the urgency of my journey. With genuine curiosity, they inquired: “What is one...

Published:Sunday | October 22, 2023 | 12:07 AM

The fleet of buses roared past the Panama-Costa Rica border. Hundreds of Venezuelan, Haitian, and Ecuadorian migrants pressed their faces to the windows as they looked out on to a sign that read “Welcome to Costa Rica.” But few of them will see...

Published:Sunday | October 22, 2023 | 12:07 AM

It is said that if you put a frog in boiling water, it immediately jumps out, but if you put it in cold water and gradually turn up the heat, it does not react – and is eventually boiled to death. Something similar can happen to economies. If...

Published:Sunday | October 22, 2023 | 12:07 AM

QUESTION: Years ago, I invested over US$7,000 with a local stockbroking company. This was from my gratuity received on retirement from the Government of Jamaica after over 40 years of service. They invested it in Digicel bonds. I didn’t sign a high...

Published:Sunday | October 22, 2023 | 12:07 AM

Q UESTION: My 19-year-old daughter got her driver’s licence two months ago. She asked to borrow my car for a north coast trip with friends. I’m reluctant to do so. Doesn’t the new Road Traffic Act and Regulations prevent young drivers from using...

Published:Sunday | October 22, 2023 | 12:06 AM

The government plans to oversee a tourism survey to test whether regular Jamaicans are benefiting from the growth in the trade, traditionally seen as a tower of exclusion and wealth. “We want to identify if there has been a change in public...

Published:Sunday | October 22, 2023 | 12:06 AMKarena Bennett - Business Reporter

T. Geddes Grant Distributors Limited is pumping $450 million into the expansion and rebranding of its business, investment that’s aimed at wooing a fresh set of clients out of the United States. The company, which has been operating in Jamaica’s...

Published:Sunday | October 22, 2023 | 12:06 AM

Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines are not added or refurbished in the next few years, the...

Published:Sunday | October 22, 2023 | 12:06 AM

The edifice that once housed premium rum maker J. Wray...

Published:Sunday | October 22, 2023 | 12:05 AM

Federal regulators on Thursday approved the expansion of a natural gas pipeline in the Pacific Northwest over the protest of environmental groups and top officials in West Coast states, who said it goes against the region’s plans to address climate...

Published:Friday | October 20, 2023 | 12:09 AM

US Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Powell noted that inflation has cooled...

Published:Friday | October 20, 2023 | 12:09 AMSteven Jackson - Senior Business Reporter

Local coffee traders are facing a hot dilemma over the fulfilment of US$100,000 worth of orders to China. If the beans are shipped, Customs in China may allow them to be cleared and sent through to customers, but it’s just as likely that the...

Published:Friday | October 20, 2023 | 12:09 AM

New data released by the Statistical Institute of Jamaica, Statin, on Wednesday shows that inflation rose in September, as students returned to school from summer break, but prices rose at a slower pace than previous months. Monthly inflation was...

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