Business
The United States economy expanded at a surprising three per cent annual pace in the April-June period, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from the US trade wars. Still, details of the report...
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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...
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...
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,...
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...
Larry Howai, governor of the Central Bank of Trinidad and Tobago, CBTT, says finding a solution to the ongoing problems in the foreign exchange market remains a priority but that a long-term solution was dependent on mechanisms to bring demand and...
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...
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...
Union Pacific wants to buy Norfolk Southern in a US$85-billion deal that would create the first transcontinental railroad in the United States, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced...
Stellantis hopes to counteract some of the expected €1.5-billion (US$1.7-billion) cost of tariffs this year by boosting North American profitability with new model launches like the discontinued Jeep Cherokee, the carmaker’s new CEO said on Tuesday...
For decades, the United States was the champion of democracy, the rule of law, and human rights. Of course, there were glaring discrepancies between rhetoric and reality: during the Cold War, the US overturned democratically elected governments in...
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 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...
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...
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...
