Business
Concerns about preventing sand theft and squatting have surfaced on lands set for resort development next year by government-led Harmonisation Limited. The company is seeking drones and security guards to canvas the 2,400 acres of land at Harmony...
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Jamaica grew for eight consecutive quarters to pull itself out from under the coronavirus, but planners want a larger skilled workforce to guard against a return to low growth. The economy grew 2.7 per cent in the March quarter 2023 compared to the...
The Accountant General’s Department, AGD, will relocate staff to the agency’ own quarters starting in June, exiting borrowed facilities at National Heroes Circle that the Ministry of Finance and the Public Service has said it wants back. The...
Sagicor Investments, a subsidiary of the Sagicor Group Jamaica, has joined other Jamaican firms hunting business in booming Guyana, now an oil-exporting country. However, Sagicor does not intend to establish a physical presence in the country,...
Pension funds are being encouraged to make investment decisions that better preserve value for pensioners, who are dependent on their capacity to manage risk. The private pension market was valued by the Financial Services Commission at $703.2...
Petrol trader Future Energy Source Company Limited maintained its growth momentum for the fourth quarter ending March, despite a fall-off in oil and wholesale gas prices. The company, which trades as Fesco, reported 51 per cent improvement in...
Tropical Battery to upsize listed shares Energy storage company, Tropical Battery, will seek shareholder approval to issue and list another 3.75 million voting shares on June 13. At Monday’s closing price the new shares would be worth $7.3...
The reviews are starting to come in as details emerge about the debt ceiling agreement reached by United States President Joe Biden and House Speaker Kevin McCarthy. Even before seeing those details, some lawmakers were criticising the deal as not...
Power utility Jamaica Public Service Company Limited, JPS, will spend US$18.25 million ($2.83 billion) on specific projects designed to improve the reliability of the electricity grid following a spike in outages. On average, the number of outages...
VM Group Limited has its feelers out for attractive businesses to buy, on the heels of the $11 billion raised on the private market from an offer of preference shares through new entity VM Financial Group. President and CEO of VM Group Courtney...
Microfinancing firm ISP Finance Services Limited has added two new members to its board of directors amid continuing efforts to secure a licence from the Bank of Jamaica to continue business under the new Microcredit Act. The company has named...
So you just got a very good adjustment to your salary and you are really happy. Life is going to get better. No doubt about that. That must be the logical outcome. Well, it depends. It depends on many factors: how well you manage spending, saving,...
Your company is dealing with a significant challenge. Due to the complexity of the issue, it is hard to determine the right path forward. This is an intellectual puzzle that needs the attention of analytic minds. But is finding the optimal answer...
It is too early to tell whether all the talk about reforming development finance at this year’s International Monetary Fund and World Bank spring meetings will translate into meaningful policy action for the Global South. But multilateral financial...
Recent headlines seem to augur a global debt crisis. The United States is teetering on the precipice of a self-inflicted default. Egypt, Ghana, Pakistan, and many other countries are in grave financial difficulties. Italy and Japan’s debt burdens...
