The latest remittance data from the Bank of Jamaica (BOJ) indicates that the island topped US$3 billion in inflows again, despite one month being left in the year under review (2023) and despite…
Category: Business & Economy
Owners of Russia’s tech pioneer Yandex are selling
FRANKFURT, Germany: The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and…
iCreate says receivership did ‘a lot of damage’
As digital media company iCreate prepares to head to court, CEO Tyrone Wilson is charging that his company was badly damaged by being wrongfully put into receivership. Wilson said iCreate is contending that…
NHT’s $6 billion land bank
Government’s housing solutions provider, the National Housing Trust (NHT), indicated this week in its audited financials for the April 2022 to March 2023 fiscal year that land held for housing development is valued…
WIPL gunning for 35 per cent of domestic petroleum market
Petroleum bunkering and marketing company West Indies Petroleum Limited (WIPL) is gunning for 35 per cent of the domestic petroleum market, up 10 percentage points from its current 25 per cent. CEO Charles…
Fincos shift towards sustained policy rates
Most in the financial sector expect interest rates to remain unchanged until at least March, which reflects a large shift among fincos, according to the latest Bank of Jamaica (BOJ) Inflation Expectation Survey….
iCreate heads to court over Sagicor Investments receivership
Digital media company iCreate is heading to court to seek damages in the aftermath of the company being placed in receivership by Sagicor Investments. ICreate has discharged its obligations under a $24-million bond…
Meta, TikTok, other social media CEOs testify in child exploitation hearing
Sexual predators. Addictive features. Suicide and eating disorders. Unrealistic beauty standards. Bullying. These are just some of the issues young people are dealing with on social media – and children’s advocates and lawmakers…
Volume rises in music listing impasse
Parties in the stalled listing of United States (US)-based Music Licensing Inc have traded more statements ahead of pending litigation. Music Licensing Inc’s legal representation in this matter is Davy Karkason Esq from…
CCJ rules against Jamaica in soap tariff case
Local soap makers are now faced with a dilemma of choosing duty-free inputs from the Caribbean Community (CARICOM), described as unfit by some players, or pay a 40 per cent duty to source…