Mon | May 16, 2022

Business

The Jamaica Stock Exchange (JSE) Combined Index declined on Monday with an advance/decline ratio of 37/61. The JSE Combined Index moved down by 4,753.52 points or 1.14 per cent to close at 411,621.92 points. The JSE Main Market Index declined...

David Shirley, chairman of KLE Group Limited.

KLE Group Limited has segued from food services to property management and development, marking its second major makeover in a decade as a listed stock market company that has found sustainable profit elusive. But the restructuring and adoption of...

Dr Mari Pangestu, World Bank managing director of development policy and partnerships.

A senior World Bank official is seeking to assure Jamaica and other countries that they need not fear being squeezed out of the funding pipeline because of the large amounts of money the multilateral agency has had to be funnelling to the eastern...

The Jamaica Stock Exchange (JSE) Combined Index ended the week Friday on a winning note. Moderate trading ended with an advance/decline ratio of 47/48. The JSE Combined Index advanced by 1,784.92 points or 0.43 per cent to close at 416,375.44. The...

MFS Acquisition Limited, the newly formed company that’s taking over SSL Venture Capital Jamaica Limited, SSLVC, has placed an offer on the market for all the outstanding shares, but has made it clear it wants no more than a 79.08 per cent interest...

The continuing delay in bringing closure to proposed changes to tax laws and policies remains a source of irritation to the group that represents chartered accountants in Jamaica. As a result, Allison Peart, president of the Institute of Chartered...

Pacific Airport Group, GAP, operator of Jamaica’s two largest airports, announced that it recently hedged the risk associated with its US$58 million in loans to develop the airport in Montego Bay, via an interest rate swap. The capital projects at...

It’s been three years since Seprod shuttered the Golden Grove factory in St Thomas and announced its exit from sugar, but it’s still having to deal with the 3,500 acres of cane lands it holds under lease. Last year, amid conversion of the land to...

Wisynco Group grew earnings by 24 per cent for its third quarter on revenues that swelled to another quarterly high at $9.7 billion. The manufacturer and distributor credited the quarterly performance to surging local and international demand from...

Jamaica, like the rest of the world, is facing a sharp increase in inflation arising from supply chain constraints due to the ongoing pandemic and war. There is a lingering concern that this spike in inflation could be permanent, rather than...
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