An artisan roastery based in the Finnish capital has introduced a coffee blend that has been developed by artificial intelligence, in a trial in which it’s hoped that technology can ease the workload in a sector that traditionally prides itself on...
Financial planning is based on the expectation that people will live for a long time, but many do not and leave behind dependants with a wide range of needs to be met. Life insurance is a useful tool to fill the void created by the loss of income...
The ‘miners’ who chisel bitcoins out of complex mathematics are going to take a 50 per cent pay cut – effectively slicing new production of the world’s largest cryptocurrency in half. That could have a lot of implications, from the price of the...
The following is a presentation given by Bank of Jamaica Governor Richard Byles at a panel discussion by central bank heads during the Inter-American Development Bank’s 59th Meeting of the Network of Central Banks and Finance Ministries, held at...
What do the following laws have in common from a small business owner’s vantage point? • Companies (Amendment) Act, 2023 • Copyright (Amendment) Act, 2023 • The Sexual Harassment Protection and Prevention Act • The Consumer Protection (Validation...
Changing the status quo is hard work. Perseverance, especially in the face of obstacles, and commitment to the mission are two of the things that bring about change. These were two of the takeaways from Erica Virtue’s article in the April 14...
The value of equities on the Jamaica Stock Exchange rose just above $2 trillion at the end of the March quarter, with some market experts describing the period as one of quiet buying. Overall, market capitalisation has risen by around $72 billion...
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...
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...
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...
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...
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,...
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...
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...
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,...
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...
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...
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...
The first drug shown to slow Alzheimer’s disease hit the United States market over a year ago, but sales have lagged, major hospital systems have taken months to start using it, and some insurers have rejected coverage. Doctors also expect some...
Digicel Group has announced Marcelo Cataldo as its new Group Chief Executive, effective May 1. Originally from Paraguay, Cataldo has diverse international experience having worked across Latin America, the US and Europe, Digicel says. He joins...
