Business
The NCB Financial Group plans to raise $5 billion in its additional public offer (APO) with the option to upsize to $7.5 billion. “NCB Financial has placed considerable and deliberate focus on 'future-proofing' its businesses and in...
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Jamaica’s aviation regulator wants to develop a master plan that addresses expected passenger growth, the dearth of local operators, and the impact of aircraft such as drones, the technology around which is still emergent. The plan, to span 25...
Business executive Gary Barrow will become the next head of Wigton Windfarm Limited in the newly created post of chief executive officer, starting May 6. Barrow, whose last job was with power utility Jamaica Public Service Company Limited, where he...
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for...
The Guyana government said on Monday that it has signed an agreement with Reunion Gold Corporation aimed at establishing stable fiscal and operating conditions for the Oko West gold project. The key components of the minerals agreement include...
How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? Or a 43-inch (109 centimetre) screen for the passengers in the back seat? The seemingly...
Shares in United Kingdom-based mining giant Anglo American surged Thursday after it received a £31 billion (US$39 billion) takeover approach from rival BHP Billiton, a deal that would create the world’s biggest copper miner, with around 10 per cent...
Violence lurks in nearly all of Latin America’s major cities. Even capitals that have traditionally been considered peaceful are coming to resemble hotspots such as Reynosa, Tijuana, Port-au-Prince, Rio de Janeiro and Cali. In fact, though Latin...
The Biden administration issued final rules on Wednesday to require airlines to automatically issue cash refunds for things like delayed flights, and to better disclose fees for baggage or cancelling a reservation. The United States Transportation...
The price of gas is going down by $1.06 on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $176.20 per litre and a litre of E-10 90 will sell for $182.49. Automotive diesel oil will move down by $1.81 per litre to...
The planned divestment of Jamaica Mortgage Bank, JMB, via the stock market contemplates a carve out of a large chunk of the bank for sale to a key investor prior to the public offer of shares. But the deal to be struck won’t be consummated until...
Bondholders in Specialty Coffee Investments Company Limited, an outfit connected to businessman and investor Michael Lee-Chin, voted to extend the maturity of a bond by three months, but more negotiations could follow. The initial extension is days...
Mayberry Jamaican Equities Limited, MJE, plans to raise up to $3.3 billion in a bond offer that closes next month. The coupon rates are slightly lower than the large bond raised by its parent a year earlier. The company said it intends to use the...
The International Monetary Fund says Latin America and the Caribbean, LAC, has showed “quite a bit of resilience” and that the rebound from the COVID-19 pandemic has been stronger than previously expected. “We see resilience partly as a result of...
Prime Minister of St Vincent and the Grenadines Dr Ralph Gonsalves has written to the World Bank opposing a move to increase its interest rate and shorten loan repayment periods to countries. In his letter, which was also copied to 193 leaders...
The world’s largest 3D printer has created a house that can cut construction time and labour. An even larger printer unveiled on Tuesday may one day create entire neighbourhoods. The machine revealed Tuesday at the University of Maine is four times...
