Tue | Oct 20, 2020

Business

The entrance to the Bank of Jamaica, Nethersole Place, Kingston, regulator of the retail payments market.

With the onset of the coronavirus or COVID-19 and the increased migration from cash to electronic transactions commerce, the Fair Trading Commission, FTC, has launched a study into the payment services sector in Jamaica. The objective of the study...
Graphic representation of new Magna Motors dealership/Hyundai Jamaica showrooms.

A confluence of events, not least of which was the outbreak of the coronavirus, has led to delays in the showroom and headquarters being developed in New Kingston by Magna Motors, the dealer for Hyundai vehicles. But some of the hold-up comes from...
Oliver Townsend, CEO of Knutsford Express Services Limited.

Luxury bus company Knutsford Express Services Limited, KEX, is deepening its investments in the courier side of its business to make up for revenue that would normally come from commuters. The outbreak of COVID-19, and the restrictions put in place...

After posting a record $273-million profit last year, Jamaica’s third-largest credit union, First Heritage Co-operative, FHC, is grappling with a shrinking bottom line caused by the COVID-19 pandemic. The latest unaudited numbers coming out of FHC...

Unemployment in the United Kingdom spiked higher in August, a clear sign that the jobless rate is heading towards levels not seen in 30 years, as a government salary-support programme ends this month and new local restrictions are imposed to...

International arbitrators say the European Union can impose tariffs and other penalties on up to US$4 billion worth of United States goods and services over illegal American support for plane-maker Boeing. The move further sours transatlantic ties...

Pending regulatory approval, Billy Craig Insurance Brokers and Maritime General Insurance Brokers, MGI, will merge their operations to form BCMG Insurance Brokers Limited. Billy Craig Insurance CEO, William Craig, says the merger is a non-cash...

The JSE Combined Index on Thursday declined by 1,900 points or 0.51 per cent to close at 369,598 points with an advance /decline ratio of 27/38.  Overall market activity  73 stocks traded  27 advanced  ...

The Group of 20 nations, representing the world’s biggest economies, agreed Wednesday to extend the suspension of debt payments by an additional six months to support the most vulnerable countries in their fight against the coronavirus pandemic....

Scotiabank today announced that it will appoint Audrey Tugwell Henry as President & CEO of Scotia Group Jamaica effective January 1, 2021. She will take over from David Noel who will return to Canada to lead the bank’s Atlantic region. A...
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