Passion is the driving force that has kept Pat Smith-Bravo committed to the same organisation for 28 years. Currently holding the pivotal role of stores operations manager for the Progressive Grocers of Jamaica…
Category: Business & Economy
OpenAI brings back Sam Altman as CEO
The ousted leader of ChatGPT maker OpenAI is returning to the company that fired him just days ago, culminating a short but chaotic power struggle that shocked the tech industry and underscored the…
NCB lumps $12 billion as one-off costs led by separation
Jamaica’s largest financial conglomerate, NCB Financial, booked roughly $12 billion in costs related to separations, redundancies and other one-off costs in the financial year, but stopped short of formally disclosing the payouts to…
Gas prices down $3.06, diesel down $1.58
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $3.06 to sell for…
Flow volunteers empower students with SBA workshop support during Mission Week
Over 300 students from various schools across Jamaica have received crucial support with their School Based Assessments (SBA) as part of Flow’s annual Mission Week activities. The workshops, organized under Mission Week’s ‘Learning’…
Lee-Chin to meet with Portland bondholders
Businessman and investor Michael Lee-Chin is to meet with Portland Holdings bondholders for a discussion on the company’s liquidity and ending of the hiatus of dividends from NCB. It comes amid delayed payments…
Jamaica grows 1.9% in September quarter
The Jamaican economy expanded by 1.9 per cent during the September 2023 quarter and is projected to grow further, but remains vulnerable to shocks, the Planning Institute of Jamaica, PIOJ, said in its…
Sagicor Financial aims for US$100-million profits in 2024
Following its bargain purchase of Canadian insurer Ivari last month, Sagicor Financial Company Limited (SFC) is projecting that its net profit will jump to US$100 million which will be supported by its recently…
Golden handshake
FORMER CEO of NCB Financial Group Patrick Hylton and his former Deputy Dennis Cohen are estimated to have walked away with between $6 billion and $7 billion in their separation package from the…
Finance professionals point to further loss of global economic momentum
THE latest ACCA and IMA® Global Economic Conditions Survey (GECS) shows declining economic confidence for the second-consecutive quarter. Changes in economic confidence vary across the globe with a notable reduction in North America…
