The International Monetary Fund is upgrading the economic outlook for the United States and the world for this year and the next because US President Donald Trump’s protectionist trade policies have so far proven less damaging than expected. The...
Manufacturing and distribution company Seprod Limited is looking to extract maximum benefit from its acquisition programme over the last two years. Reporting to shareholders on Monday, CEO Richard Pandohie said since the company’s last annual...
Consolidated Bakeries Jamaica Limited, which trades as Purity, says it has secured a $600 million, 10-year credit facility from Sagicor Bank Jamaica Limited to be utilised for the refinancing of existing debt, the funding of capital expenditures,...
A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said on Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more scrutiny by Washington to the...
Jamaican Copyright Licensing Agency, known as JAMCOPY, paid out $30.3 million in royalties at the end of last year to more than 900 rightsholders whose works appeared in print, the organisation reported at its annual general meeting. JAMCOPY...
NCB Financial Group Limited, operator of Jamaica’s largest commercial bank, has received a ‘B’ rating for its pending US$225 million debt issue on the international capital markets, the proceeds of which will primarily refinance existing borrowings...
A cyberattack on Russian state-owned flagship carrier Aeroflot caused a mass outage to the company’s computer systems on Monday, Russia’s prosecutor’s office said, forcing the airline to cancel more than 100 flights and delay others. Ukrainian...
The global switch to renewable energy has passed a “positive tipping point” where solar and wind power will become even cheaper and more widespread, according to two United Nations reports released Tuesday, describing a bright spot amid otherwise...
OP-ED CONTRIBUTION: SUSTAINABLE DEVELOPMENT “Poverty,” Aristotle famously observed, “is the parent of revolution and crime”. History has repeatedly proven the point: inequality often fuels political and social instability, giving rise to conflict...
Sports men and women going abroad to make capital of their skills is not new; it is just on a higher scale. Their primary reason for doing so has not changed – they are driven primarily by the desire to make themselves and their families better...
Today’s essay is my response to the Jamaica Observer’s July 23 article, ‘Looming crisis: 80 per cent without pensions, 70 per cent uninsured, industry demands tax breaks, micro schemes to incentivise saving’. That reporting was the product of...
Portland JSX Limited will now invest directly into businesses rather than pool with other funds. “Going forward, PJX has transitioned from a fund-based investment model and will pursue a strategy focused on direct investments,” the company said in...
QUESTION: We are in the construction industry and recently discovered that our lead workman has been poached by one of our most valuable clients. This represents a substantial portion of our business because of large, recurring contracts. This is...
There are thousands of illegal marijuana farms around the country. But when the federal government decided to stage one of its largest raids since President Donald Trump took office in January, it picked the biggest legal grower in California....
The Jamaica Coffee Exporters Association, JCEA, wants the authorities to withdraw the proposed blockchain platform for commodity exports, arguing it will impose over $100 million in costs on stakeholders. Chairman of the JCEA Dr Norman Grant said...
A Caesars Palace casino in the heart of Times Square. A sprawling gambling hall along Coney Island’s iconic boardwalk. A Hard Rock casino complex next to the home stadium of baseball’s New York Mets. Eight projects are bidding for up to three...
The more that humans learn about the ocean, the more we realise how little we truly understand. For example, there may be three times more marine species than we have identified. That alone should lead us to stop taking the ocean for granted....
The Guyana government on Tuesday launched the first-ever crop insurance programme for rice farmers, with President Irfaan Ali saying that it will provide free coverage for 6,000 rice farmers across Guyana, particularly those most vulnerable to the...
Caribbean Assurance Brokers Limited registered net profit of $6.4 million for the first six months of 2025, marking a sharp turnaround from the prior year’s losses. Describing 2024 as a tough year for the insurance brokerage, in which it racked up...
The Hershey Company and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice. Hershey, the maker of Reese’s, Whoppers, barkThins and other chocolate candies, said on Wednesday that it will be...
More than 200 local companies are in various stages of preparation for listing on the proposed micro market of the Jamaica Stock Exchange. It will facilitate the raising of $10 million to $49.9 million in equity capital for micro companies that are...
Telecommunication services provider Digicel Group plans to raise US$2.9 billion, most of which is aimed at refinancing existing debt. Rating agency Fitch assigned a ‘B’ rating and a recovery rating of ‘RR4’. Fitch ranks recovery ratings in five...
Faced with declining net asset values, QWI Investments Limited is looking to boost its prospects through portfolio expansion and further risk diversification. The company is 46 per cent owned by Jamaican Teas Limited, which basically curates its...
The United Nations’ top court, in a landmark advisory opinion on Wednesday, said countries could be in violation of international law if they fail to take measures to protect the planet from climate change, and nations harmed by its effects could...
American automakers are concerned about US President Donald Trump’s agreement to tariff Japanese vehicles at 15 per cent, saying they will face steeper import taxes on steel, aluminium and parts than their competitors. “We need to review all the...
