Thu | Oct 22, 2020

Business

This photo provided by General Motors shows the Cadillac Lyriq.

General Motors plans to spend US$2 billion to convert its Spring Hill, Tennessee assembly plant into a third site in the United States to build future electric vehicles. The Detroit automaker also says it will spend another US$153 million to...

People are still using cheques but since the onset of the COVID-19 pandemic usage has dropped by one-third, according to data from the Bank of Jamaica, BOJ. In an era of physical distancing the use of cheques seems less efficacious. Just over $100...
Kevin Richards, CEO of Kingston Properties Limited.

Real estate investment trust Kingston Properties Limited, KPREIT, plans to spend no more than $60 million on improvements to its newest acquisition, commercial property at East Ashenheim Road in Kingston, before going to the market in search of...

A confluence of events, not least of which was the outbreak of the coronavirus, has led to delays in the showroom and headquarters being developed in New Kingston by Magna Motors, the dealer for Hyundai vehicles. But some of the hold-up comes from...

Luxury bus company Knutsford Express Services Limited, KEX, is deepening its investments in the courier side of its business to make up for revenue that would normally come from commuters. The outbreak of COVID-19, and the restrictions put in place...

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER An additional public offering, or APO, is an invitation by a company to its shareholders and other members of the public to buy shares in it, having previously done an initial public offering of shares...

ADVISORY COLUMN: PRODUCTIVITY Are you someone who leads by sharing your best ideas with a defined audience? As a thought leader, you may have noticed that technology has made certain tasks easier, but the overall challenge has become formidable....

For a second time in more than a century of operation, Jamaica’s second most powerful bank is to be led by a woman. Audrey Tugwell Henry will assume the role of president and CEO of Scotia Group Jamaica on January 1, 2021, and with it the...

The market value of Barita Investments Limited, BIL, has hit $100 billion for the first time, a status held by only three other stocks, all of which are financial firms. However the stock pared gains the following day. BIL closed at $92.20 on...
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