Business
With plans to grow to 200 or more electric vehicle charging ports, Evergo Jamaica is aiming to introduce a new charging network to the market, branded as Evergo Connect, but there are regulatory issues that need to be clarified regarding the...
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GK Investments Limited, a member of the GraceKennedy food and financial services conglomerate, has increased its shareholding in Spur Tree Spices Jamaica Limited to one-fifth, positioning it as the second-largest owner of the spice maker, based on...
Increased passenger traffic through the Sangster International Airport in Montego Bay, plus the addition of new eateries, has given Express Catering Limited, ECL, a 17 per cent bump in quarterly sales revenue. Express Catering is the largest...
Sygnus Real Estate Finance Limited, SRF, is looking to get more income flows through leases to smoothen the ‘lumpiness’ of investment flows and booking of capital gains, which generally materialise at the end of the company’s financial year,...
Tesla Inc is asking shareholders to restore a US$56-billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. The changes, to be voted on by stockholders at a June 13...
Netflix gained another 9.3 million subscribers to start the year while its still-emerging expansion into advertising helped produce financial results that exceeded analysts’ estimates. The performance announced Thursday demonstrated that Netflix is...
VM Money Transfer Services has struck an agreement with TerraPay, a global provider of cross-border payment solutions with reach to 30 markets. It gives the Jamaican company access to TerraPay’s platform to serve its clients. VM Money serves...
Climate change will reduce future global income by about 19 per cent in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible for heating the atmosphere taking the biggest monetary...
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $2.59 to sell for $177.26 per litre and a litre of E-10 90 will go up by $2.60 to sell for $183....
Finance Minister Dr Nigel Clarke is reporting that recovery of the more than $3 billion lost from 200 accounts in the alleged fraud at Stocks and Securities Limited (SSL) cannot start until after a criminal conviction. In an update on...
Two of Jamaica’s medium-sized credit unions are awaiting the green light from their membership in the proposed merger of Gateway Co-operative Credit Union with EduCom Co-operative Credit Union. The first of two special general meetings is...
The consumer and business confidence indices for the first quarter of 2024 were flat relative to the previous quarter, weighed down by concerns about crime and spending power. Consumer confidence stayed level at 174.7 points, while business...
Now that MFS Capital Partners has fully acquired 100 per cent of Micro Financing Solutions Limited, the new owners have set a target to triple the microlender to 10 branches in two years. MFS Capital CEO Dino Hinds says the transaction, which was...
Bank of Jamaica, BOJ, has offered a comment on the latest inflation data, which shows consumer prices falling back within the central bank’s target range. Annual inflation for March decelerated to 5.6 per cent from 6.2 per cent in February,...
For decades, patients seeking medication for pain have had two choices: over-the-counter drugs like aspirin or powerful prescription opioids like oxycodone. Opioid prescriptions have plummeted over the last decade as doctors have become more...
Supermarket beverage aisles are starting to look a lot more like a pharmacy. There are sodas made with mushrooms that supposedly improve mental clarity, and juices packed with bacteria that claim to enhance digestive health. Water infused with...
