With $112 billion of combined assets and other resources at their disposal, the leaders of investment and property conglomerate PanJam Investments Limited and food and logistics conglomerate Jamaica Producers Group Limited are focused on the global...
Attractions owner Dolphin Cove Jamaica appears to be in line to possibly buy its rival Mystic Mountain Rainforest Adventures, the tropical rainforest-themed attraction which is just up the road from the seaquarium’s flagship Ocho Rios operation,...
The ability of receiver Wilfred Baghaloo to advance the sale of assets of bankrupt Mystic Mountain Limited, MML, operators of the Mystic Mountain attraction, will turn on the outcome of the hearing of an injunction application in the commercial...
In what officials of Sagicor Group Jamaica Limited, SGJL, are describing as a deconsolidation of listed real estate investment company Sagicor X Fund from the group, SGJL has sold off all its shares in the former subsidiary and given up its two...
The Bank of Jamaica and one of the staunchest critics of its current programme of monetary tightening, the Private Sector Organisation of Jamaica, PSOJ, appear agreed on the soundness of the spending and taxation habits of the Jamaican government...
The Bank of Jamaica (BOJ) has been criticised as borderline reckless for pushing up the benchmark policy rate on overnight deposits with the central bank by deposit-taking institutions (DTIs) by another 50 basis points to 6.5 per cent, effective...
Member countries of the Dr Nigel Clarke-chaired Inter-American Development Bank (IDB) are now vying to put forward preferred candidates for the post of president of the bank after the position became vacant on Monday following the termination of...
A preferred bidder has been selected to purchase Ocho Rios-based attraction Mystic Mountain, the main asset of the bankrupt Mystic Mountain Limited, MML. However, while receiver Wilfred Baghaloo, of accounting and tax advisory firm...
Amid rising interest rates and a stable Jamaican dollar, some listed financial companies are reporting lower devaluation gains, and even translation losses, on their foreign currency-denominated investments, ultimately constraining their profit out...
The Bank of Jamaica (BOJ) announced Thursday its eighth straight increase in the policy rate it pays on deposits parked by deposit-taking institutions (DTIs) at the central bank, effectively sending loan rates higher for borrowers at financial...
A preliminary price tag of about $304 billion has been pegged to an implementation plan and rail service that form part of the proposed redevelopment of downtown Kingston’s market and commercial district – one of about nine such designated areas in...
The contribution of former vice chancellor of the University of the West Indies, Sir Alister McIntyre, to Caribbean trade scholarship and policy development is being described as having been central to the region finding its own voice and home-...
An Africa-based economist is proposing that developing countries like those in Africa and the Caribbean, which are busy hunting big foreign investors to grow their SEZ footprint, should not ignore the opportunity created by the COVID-19 pandemic...
Jamaica is being encouraged to accelerate its digital transformation and the creation of more businesses within free zones and special economic zones, SEZs, that are fully integrated into technology-driven production and services delivery, with an...
One year after soap producer Dominica Coconut Products Successors Limited, DCPS, filed a law suit against a Jamaican soap manufacturer and exporter, as well as several state agencies, in a quarrel over the sale of soap in the Caricom market, the...
The Jamaican government appears to be banking on another hotel development in the Montego Freeport area of the resort city to aid the touted post-pandemic tourism bounce-back. But as opposition grows to the plans by Seawind Key Investment Limited,...
The Bank of Jamaica, BOJ, is not buying into talk internationally that the aggressive raising of policy interest rates by central banks as an inflation fighting tool is leading to a slowing of growth and potential recession, either in the local or...
Barita Investments continues to expand its holding of prime real estate with another multimillion-dollar land acquisition by its affiliated company MJR Real Estate Holdings Limited. In March, MJR acquired the property at number two Argyle Road on...
President Paul Kagame of Rwanda is scheduled to visit Jamaica today as chairman of the Commonwealth, an association of democratic governments that aspires to boost trade and functional cooperation among its members. It also campaigns for attention...
Financial conglomerate Sagicor Group Jamaica has deepened its business in the financial services sector with the completion of the acquisition of 100 per cent of Alliance Financial Services Limited, AFSL, and has promoted a second-tier bank...
Amid copious praise for what has been described as Finance Minister Nigel Clarke’s astute handling of the financial affairs of Jamaica during his tenure so far, finance ministers and other members of the board of governors of the Inter-American...
Minister of Finance and the Public Service Dr Nigel Clarke has been elected chairman of the 48-member board of governors of the Inter-American Development Bank (IDB). He was elected on Monday morning at the annual meeting of the board of the IDB...
The University of the West Indies, UWI, has waded into the global debate about the causes and implications of Russia’s invasion of Ukraine. It has even alluded to a possible point of resolution and suggested at least one consequence that should...
Faced with continued price increases that have proven more stubborn that initially anticipated, the central bank is keeping a keen split screen focus on several local and global drivers of inflation, at the ready to engage various policy levers for...
Mystic Mountain, the popular attraction in Ocho Rios, St Ann, known for its tropical rainforest canopy and wild rides, appears headed for the auction block as receiver Wilfred Baghaloo maps out the shortest route to enabling bondholder Sky-High...
