Two affiliated Lasco companies will graduate to the main market on the Jamaica Stock Exchange (JSE) next month after a decade of listings. “The effective date of the graduation is Wednesday, March 27,…
Category: Business & Economy
Gas prices up $1.56, diesel up $4.50
Motorists will pay $1.56 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $166.70 per litre and a litre of E-10…
Potential $50b Southwestern energy giant emerges
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. Growing confidence in an economic recovery, particularly in…
NCB fraud backlog cut in half
National Commercial Bank (NCB), the largest bank in the island, said that its backlog of fraud cases under investigation was cut in half after implementing two anti-fraud measures. Also, the parent of the…
FATF ups ante on virtual assets and citizenship by investment
There are new regulations coming for virtual asset providers in Jamaica, which are said to be offshore. In Jamaica, the Financial Services Commission (FSC) is currently conducting a risk assessment on virtual assets…
Jamaica needs deeper understanding of economy – PIOJ
The Planning Institute of Jamaica (PIOJ) launched its Inclusive Growth Index Framework (IGIF) which will track the island’s social and sustainability progress annually, as a means of capturing new growth areas in the…
iCreate’s key shareholders slapped with VM Investments lawsuit
The calling of margin loans associated with the execution of a mergers and acquisition strategy is at the heart of legal action by listed investment house VM Investments against digital media company iCreate….
VM Investments sues companies over unpaid Visual Vibe acquisition loans
VM Investments has gone to court to recover loans associated with the acquisition of billboard advertising company, Visual Vibe. At issue is a set of three loans for which the company has issued…
Middle East conflict affecting key energy lifeline for Europe
FRANKFURT, Germany: Missiles and drones are flying in the Red Sea, disrupting one of the world’s key trade arteries and a chokepoint for energy shipments headed for Europe. Attacks by Yemen’s Houthi rebels…
Influencer economy booms with Bolt at helm
Jamaican influencers can average US$1,000 (J$155,000) per post online but retired sprinter Usain Bolt, with over 14 million followers, can generate 30 times that amount, according to estimates in a state-led publication. Influencers…
