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…
Category: Business & Economy
Asia markets weaker ahead of Fed decision; China economic data disappoint
HONG KONG (AP): Asian stocks mostly declined yesterday as markets awaited a decision on interest rates by the Federal Reserve, while China reported that manufacturing contracted in January for a fourth straight month….
JSE, Cumax befuddled
Stakeholders have expressed confusion over US-based Music Licensing Inc’s threat of legal action against the Jamaica Stock Exchange (JSE), Cumax Wealth Management Ltd which acted as its broker, along with attorneys and businessmen…
Companies investing heavily in employee health, well-being
William Mahfood, chairman of Wisynco, expects a $9.6 million annual bill for group health to increase by around five per cent this year as part of its combined spend to ensure staff health…
Stocks Round Up | Access Financial, MFS Capital and Key Insurance today’s top performers
The Jamaica Stock Exchange (JSE) Combined Index lost ground on Tuesday. The moderate to busy trading ended with an advance/decline ratio of 32/46 The JSE Combined Index declined by 967.64 points or 0.29…
China Evergrande ordered to liquidate
HONG KONG (AP): A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and…
Palace to reprice for 4DX technology
Movie enterprise Palace Amusement Company is getting ready to complete an upgrade that facilitates Art 4DX technology at its Carib Five cineplex in Cross Roads in Kingston Melanie Graham, marketing manager and director,…
JPS to hire more contractors for managing distribution system
Light and power company Jamaica Public Service (JPS) plans to hire additional maintenance firms to manage its distribution system which includes high-power wires, transformers and over 300,000 poles. JPS operations are split between…
Jamaica needs US$5 billion for green investments
The Jamaica Stock Exchange (JSE) will by mid-year start offering ‘blue-green’ bond products as part of the island’s push to invest US$5 billion by 2050 to retard the effects of a hotter climate….
Financial markets are jonesing for interest rate cuts
FRANKFURT, Germany: European Central Bank President Christine Lagarde pushed back yesterday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit…