Inflation is a thief: it steals purchasing power, it steals the value of interest on savings accounts, it steals the value of some forms of investment income, and it steals living standards. It…
Category: Business & Economy
JBG brings in IBM, sets November deadline for governance overhaul
Jamaica Broilers Group (JBG) has engaged IBM to strengthen the controls in its financial reporting systems, and an independent firm will begin an internal audit of its US operations by October 31. JBG…
Inflation is a thief
Inflation is a thief: it steals purchasing power, it steals the value of interest on savings accounts, it steals the value of some forms of investment income, and it steals living standards. It…
EduFocal wins key resolutions despite Mayberry unit’s opposition
Online education firm EduFocal Ltd won shareholder approval at its annual general meeting (AGM) to change its name to Walstron Ltd, broaden its business and issue new shares as compensation, despite opposition from…
Nvidia’s board increases chipmaker’s share buyback plan by $150b
Nvidia’s board has cleared the way for the company to spend US$150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fuelled…
Sandals adding 7,000 jobs, expanding beyond Caribbean
Sandals Resorts International plans to grow its workforce by more than a third, adding 7,000 jobs at new hotels, some of them outside the Caribbean, Executive Chairman Adam Stewart said. “The time has…
Access Financial targets $7b loan book
Access Financial Services Limited aims to grow its loan portfolio by up to 17 per cent towards $7 billion. The company will target small and medium-sized enterprises (SMEs), and entities seeking renewable financing…
Jamaica-Mexico direct flights starting next March on Aeromexico
The airline Aeromexico will launch the first scheduled nonstop service between Mexico City and Montego Bay starting next March, opening a direct link between two countries whose travel flows now run in opposite…
Starbucks to shutter 250 stores in North America this week in 2nd wave of closings
Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol, who joined the company in 2024….
A strategy with one future has no backup
Your company is a successful competitor in its industry. But behind the numbers, you are disconcerted. The current corporate strategy is actually just a projection of prior success. This is risky – and…