Business
Proponents of crypto assets are trying to make the case that trade among Caribbean countries can double from current levels of US$2 billion by adopting digital money as complementary currency for transactions. One of the selling points was that...
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Sagility LLC, formerly known as HGS Healthcare, has added a fifth call centre operation in Jamaica, having spent US$7 million on kitting out space in Angels, St Catherine, to accommodate local employees. The new site, spanning 75,000 square feet at...
Billed as a panoramic, ocean-view, luxury development, Ocean’s Edge should have been on the market from October 2021, but it’s currently on pause, and the delays and missed deadlines have left investors fuming. Andrew James, chairman of the Real...
The boards of the listed Lasco companies will meet separately next Thursday to decide who will be the next chairman of the affiliated entities in the wake of the passing of group founder Lascelles Chin, who held the position at all three businesses...
United States and British cybersecurity officials warned Wednesday that a Russian cyber-extortion gang’s hack of a file-transfer program popular with corporations could have widespread global impact. Initial data-theft victims include the BBC,...
As energy prices continue to decline and the base effect of last year’s price increases takes hold, inflation rates across the Western world are expected to fall. Even so, prices will likely remain unacceptably high for the foreseeable future,...
New York City has filed a lawsuit against Hyundai and Kia, joining a host of other cities beset by a social media-fuelled wave of car thefts due to a flaw that made some car models highly susceptible to theft. Viral how-to videos on TikTok and...
As the Bank of Jamaica combs through the applications for microcredit licences, a clearer picture of the dispersed sector that has now fallen under its regulatory umbrella is emerging. Only 13 firms have been licensed to date, at last report, with...
Experts clashed over whether funds should flow towards winning sectors such as tourism, as opposed to investing in ‘losing’ sectors such as education to spur economic growth, during a forum convened by Jamaica’s leading corporate lobby. Growth...
Seprod Limited is rebuilding the warehouse that was destroyed by fire at the Facey Commodity complex located within Kingston’s industrial belt, although it doesn’t own the facility. Signs of the construction emerged two months ago, but Seprod CEO...
GraceKennedy Limited is adding seven new Hi-Lo stores by 2030, the next of which will open in Mandeville, Manchester. The Mandeville store will mark the supermarket chain’s return to the central Jamaican town after a decade-long hiatus. Hi-Lo...
The United Kingdom Privy Council has upheld a ruling by the Jamaican Court of Appeal that telecommunications provider Cable...
The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic. That’s the latest outlook of the World Bank, a 189-...
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The...
