Fri | Mar 29, 2024

Business

Published:Wednesday | February 21, 2024 | 12:07 AMSteven Jackson/Senior Business Reporter

PERSONS BASED overseas sent US$3.13 billion in remittances to Jamaicans in 2023, which equated to a 2.0 per cent fall, or the largest slide in at least a decade, according to Bank of Jamaica (BOJ) data. The decline comes within the wider growth in...

Published:Wednesday | February 21, 2024 | 12:05 AMAvia Collinder/Business Writer

THE APPLICATION management and data automation (AMANDA) system, the management process for planning and development projects in municipalities and associate agencies -- including the National Environment and Planning Agency (NEPA) -- is bedevilled...

Published:Tuesday | February 20, 2024 | 12:14 AM

If you are battling a video game goblin who speaks with a Cockney accent, or asking a gruff Scottish blacksmith to forge a virtual sword, you might be hearing the voice of actor Andy Magee. Except it’s not quite Magee’s voice. It’s a synthetic...

Published:Sunday | February 18, 2024 | 12:13 AMAvia Collinder - Business Writer

WEST INDIES Indies Home Construction Limited (WIHCON) is building a new gated community in Westchester, Portmore, St Catherine named Chester Creek. It is to be composed of four phases of residential and commercial properties on 23 acres of land....

Published:Sunday | February 18, 2024 | 12:13 AM

GENEVA: THE HEAD of the World Trade Organization (WTO) insisted on Friday that it remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump – who as United States (US) president bypassed WTO rules by slapping...

Published:Sunday | February 18, 2024 | 12:13 AM

WASHINGTON: A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. The University of Michigan’s...

Published:Sunday | February 18, 2024 | 12:12 AMSteven Jackson - Senior Business Reporter

FINANCIAL CONGLOMERATE JMMB Group benefitted from a double windfall that resulted in the rocketing of its profit and capital. JMMB made profit of $15.1 billion for its December 2023 third-quarter, or 278 per cent more than the $4 billion it made a...

Published:Sunday | February 18, 2024 | 12:12 AM

MAJOR TECHNOLOGY companies signed a pact Friday to voluntarily adopt “reasonable precautions” to prevent artificial intelligence tools from being used to disrupt democratic elections around the world. Tech executives from Adobe, Amazon, Google, IBM...

Published:Sunday | February 18, 2024 | 12:12 AM

The Companies Office of Jamaica (COJ) has withdrawn its recent request for public tender for the services of a consultant to assist in setting up and operating an offshore business registry. It formed part of Jamaica’s International Financial...

Published:Sunday | February 18, 2024 | 12:11 AM

The Bank of Jamaica (BOJ), now the ultimate and de facto deposit-taking institution (DTI) and non-deposit-taking institution (non-DTI) regulator, will have ‘to get in the weeds’ if it is to fulfil its mission to eventually formulate standards and...

Published:Sunday | February 18, 2024 | 12:11 AM

YOUR COMPANY, like most others, has a vision or purpose statement. The initial idea was to bring inspiration, but, recently, there appears to be a decrease in excitement surrounding it. What interventions can you make to ensure your staff works...

Published:Sunday | February 18, 2024 | 12:11 AM

Today’s article is inspired by feedback from a reader. Their concern is stated below. “I read your article that was published in the Sunday Gleaner on February 11, 2024 – ‘Retirement scheme another path to a pension’ – and I am grateful that I...

Published:Sunday | February 18, 2024 | 12:07 AM

National Commercial Bank has embarked on a transformative initiative, using its Customer Town Hall series as the vehicle for engagement. Spearheaded by NCB’s Group Chairman, Michael Lee-Chin, the series aims to foster direct interactions between...

Published:Sunday | February 18, 2024 | 12:07 AM

GEORGETOWN, Guyana: The deputy managing director of the International Monetary Fund (IMF), Kenji Okamura, has ended a visit here congratulating the authorities on Guyana’s “unparalleled economic expansion”. “Guyana today is in the position to reap...

Published:Sunday | February 18, 2024 | 12:07 AM

HAMILTON, Bermuda: PREMIER DAVID Burt on Friday presented a national budget of US$992 million to Parliament indicating that the overseas British territory is on course to records its first budget surplus in more than 20 years. “It is my privilege...

Published:Sunday | February 18, 2024 | 12:06 AMNeville Graham - Business Reporter

J. WRAY...

Published:Friday | February 16, 2024 | 10:37 AM

The following content is created and paid for by Tax Administration Jamaica. It's that time of year when companies, company directors, self-employed persons and employed persons who earn additional income should be in high gear to file their...

Published:Friday | February 16, 2024 | 12:09 AM

CASTRIES, St Lucia: ST LUCIA says it is seeking a Caribbean Community (CARICOM) derogation to purchase sugar from outside of the region as the island continues to experience a shortage of the commodity. Commerce Minister Emma Hippolyte said there...

Published:Friday | February 16, 2024 | 12:09 AMSteven Jackson - Senior Business Reporter

THE PHARMACY chain Fontana Limited bagged $341 million in record profit from its second quarter, which ended in the busy Christmas season. It resulted in a 5.0 per cent growth in profit, in line with the growth in consumer confidence in the period...

Published:Friday | February 16, 2024 | 12:09 AMAvia Collinder - Business Writer

FOOD MANUFACTURING and packaging company Cal’s Manufacturing Limited, which targets low-cost, high-demand foods and consumer products, has added more operating space as it seeks to increase output to both local and exports markets. In 2022, the...

Published:Friday | February 16, 2024 | 12:09 AM

BOSTON: MICROSOFT SAID on Wednesday that United States (US) adversaries – chiefly Iran and North Korea and to a lesser extent Russia and China – are beginning to use its generative artificial intelligence (AI) to mount or organise offensive cyber...

Published:Friday | February 16, 2024 | 12:09 AM

LONDON: THE BRITISH economy fell into recession at the end of 2023 for the first time since the onset of the coronavirus pandemic, as output shrank more than anticipated in the final three months of the year, official figures showed yesterday. In...

Published:Friday | February 16, 2024 | 12:09 AM

TOKYO: JAPAN’S ECONOMY is now the world’s fourth largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4 per cent in October to December, according to...

Published:Friday | February 16, 2024 | 12:09 AMSteven Jackson - Senior Business Reporter

THE RESTRUCTURED telecom Digicel Group has officially announced its new nine-member board, led by Chairman Rajeev Suri and includes Jamaican Mariame Robinson. The board includes mostly new faces but continues to have the founder and former Chairman...

Published:Friday | February 16, 2024 | 12:09 AM

PHILADELPHIA: THE MUTED sounds of hammering and sanding drift down to the first floor of Bario Neal, a jewellery store in Philadelphia, where rustic artwork that mimics nature hangs on warmly lit walls. Waiting for one of those rings is Haley...

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