The US Federal Reserve has moved mountains to control inflation, which in July fell below three per cent for the first time since 2021. Unfortunately, the Fed finds itself working at cross purposes with the US Treasury, whose debt-issuance strategy...
A splinter group that formed a trade association as champion for its own cause is now eyeing a return to the Small Business Association of Jamaica, but the newly installed SBAJ president has rejected the notion, saying it won’t happen under his...
The Bank of Jamaica, BOJ, expects negative growth this fiscal year, due to the passage of Hurricane Beryl last month. The central bank projected that the Jamaican economy would decline within a range of negative 1.5 per cent and 0.5 per cent on the...
Barita Investments Limited earnings climbed towards a billion dollars in the third quarter ending June, nearly doubling the results achieved the prior year. The company made $980 million in profit, compared to $504 million in the April-June period...
Jamaica’s largest pharmacy chain, Fontana, is now selling magic mushroom products but remains silent on whether it will also be expanding into medical marijuana, or cannabis. Psychedelic mushrooms are unregulated but not prohibited in Jamaica,...
Stationery and Office Supplies Limited, SOS, has signed an agreement to distribute pen brand Pilot in Jamaica, with the first shipment having arrived in April. The agreement includes discounted distributor pricing and a marketing budget to promote...
European milk and cheese producers have become the latest target in a simmering trade war with China. The Chinese Commerce Ministry said on Wednesday that it would launch an investigation into subsidies given by the European Union and EU member...
Disney is no longer asking a Florida court to dismiss a wrongful death lawsuit on the grounds that the victim’s family had signed up for its streaming service Disney+. The company filed a notice in Orange County court on Tuesday to withdraw the...
US Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now, it’s the health of the job market that’s starting to draw their concern. With inflation cooling toward its 2.0 per cent target, the...
On Thursday, August 8, 2024, the average sell rate for one US dollar surpassed $158 Jamaican dollars. The following day, August 9, I posted the following message in a few WhatsApp groups of which I am a part: “I think we will see some serious...
After adding new cars to its offerings to entice increasingly reluctant used car buyers, auto trader Jetcon Corporation Limited is mulling the possibility of pulling out of the used car market altogether. Three decades after its founding, the...
Urban Development Corporation, UDC, will be developing a two-storey restaurant and bar that seats over 150 persons at Dunn’s River Park in the resort town of Ocho Rios. “The building will overlook the cascading falls and give prime view of the...
Proven Group Limited posted a loss after being pulled down by its associate company JMMB Group, which in turn was impacted by its associate Sagicor Financial Company. “The board has decided not to declare a dividend for the first quarter, focusing...
The expiration of one-off benefits available to subsidiary AS Bryden and to unexpected costs for procurement of foreign exchange drove profit down at manufacturing and distribution company Seprod Limited. Despite a modest increase in top-line sales...
Alaska Air is one step closer to acquiring Hawaiian Airlines after the US Department of Justice chose not to challenge the US$1-billion deal that the carriers say will create a company better able to serve travellers. Alaska Air announced in...
Jamaicans numbered among millennials and Generation Z have not had a break from the steady diet of high levels of levels of crime and violence. Those younger than 25 have borne the brunt of this, having no idea what it means to experience a year...
The Bank of Jamaica (BOJ) has reduced its benchmark policy rate by 25 basis points for the first time in almost three years, bringing the rate to 6.75 per cent per annum. This decision, made during the Monetary Policy Committee's (MPC) August...
American billionaire Carl Icahn and his company were charged by regulators in the United States with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral. Icahn...
A wrongful death lawsuit against Walt Disney Parks and Resorts is serving as a reminder to consumers of the importance of reading the fine print when signing up for a streaming service or smartphone app. The lawsuit was filed by the family of a New...
A mere 3,000 people have amassed US$14.4 trillion in wealth, the equivalent of 13 per cent of the world’s GDP. While the world’s billionaires controlled less than three per cent of global GDP in 1993, the growth of their wealth and political...
QUESTION: I’m asking if it’s possible for someone to pay their debt and pay to have their credit score back to normal. I have a very small loan about $36,000. I was in a little difficulty, so I borrowed it to help, but unfortunately, I did not get...
The lead story in the Finance section of last Wednesday’s Gleaner, ‘Flow Expects US$44 million payout for Beryl’,’ grabbed my attention. It was juxtaposed against another article: ‘Industry Estimates US$500 million hit for Regional Property...
Financial conglomerate JMMB Group Limited reported a net loss of $1.5 billion in the June quarter, primarily due to a one-off share of losses from its associate. The core operations of JMMB were largely positive, but its associate led the group...
Insurance conglomerate Sagicor Group Jamaica Limited earned $3 billion in profit for the second quarter ending June, reflecting a 12 per cent decline. The outlook remains cautious due to inflation and high interest rates. The company’s executive...
