EVERY investor’s journey is different. Occasionally an investor may receive a financial windfall, be it an investment maturity, proceeds from a tender or sale of property, or an unexpected inheritance. When an investor…
Category: Business & Economy
From victim to victor
Dear Claudienne, On June 29, 2023, my account at the Ocho Rios branch of National Commercial Bank (NCB) was compromised. I went to a supermarket on June 29, 2023, to purchase some items…
Indies Pharma hits billion-dollar milestone
Pharmaceutical company Indies Pharma Jamaica Limited says it has learnt the lessons from heavy revenue losses when it was forced to dump expired drugs. The post-pandemic write-down forced the company to rethink its…
Digicel to slash emissions to nil
Telecommunications provider Digicel Group plans to become carbon-neutral by 2050, which means that it will implement projects geared at slashing its impact on the climate to nil — starting now. The globe experienced…
Second-Hand Blues
MORE consumers are shifting away from purchasing used vehicles amidst rising interest rates on motor vehicle loans. Motor vehicle sales fell drastically in the heights of the pandemic before showing some level of…
JSSE extends time frame for telethon giving
Still millions away from the $40-million target, the Jamaica Social Stock Exchange (JSSE) has extended the time for giving in its annual telethon. This year’s fund-raising efforts, which is to add another $7…
Amber targets China
THE Amber Group has set its sight on the Chinese market with plans to enter the world’s second-largest economy in early 2024 with its Amber Connect vehicle tracking and fleet management solutions. Dushyant…
Sagicor Financial bags US$435-million gain on Ivari purchase
Sagicor Financial Company Limited (SFC) has highlighted that its preliminary estimations have it recording a US$434.73-million (J$66.98-billion) gain for its bargain purchase of Ivari on October 3. This was announced in SFC’s business…
VMBS, JMMB to hike fees effective Feb 1
Clients of financial institutions JMMB and Victoria Mutual Building Society (VMBS) may find themselves paying more for some bank services, including cash withdrawals, come February 1, 2024. In an advisory sent out earlier…
Guyana and Venezuela agree to refrain from using force, but fail to resolve territorial dispute
The leaders of Guyana and Venezuela promised in a tense meeting on December 14 that neither side would use threats or force against the other, but failed to reach agreement on how to…
