Sherbourne Limited, a development company owned by Richard Lake and family, has launched construction on a $2-billion project that will provide housing in downtown Kingston. The company is banking on tax incentives to…
Category: Business & Economy
BOJ: Buck stops with bank boards in managing cyber risk
Noting that cyberthreats and incidents in the financial sector in Jamaica pose a serious hazard to financial stability, the Bank of Jamaica, BOJ, has issued a new consultation paper with guidelines indicating that…
Cornerstone looks to regional expansion
CORNERSTONE Financial Holdings Limited (CFHL), the parent company of Barita Investments, is now plotting an aggressive expansion plan into the wider Caribbean, in the aftermath of securing a strong credit rating from the…
Retailers ready for influx of shoppers
Wednesday marks five days until Christmas and retailers across various sectors are bracing for an influx of shoppers over the upcoming weekend to get a share of the $30 billion in additional monies…
European Union investigating X over possible breaches of social media law
The European Union on Monday made Elon Musk’s online platform X the first tech company to face an investigation under Europe’s tough new regulations designed to clean up social media and protect people…
Reorganisation complete
Securities dealer Mayberry Group (MGL), which recently finalised its reorganisation plans, also revealed that it holds $240 billion in funds under management (FUM) or more than tenfold higher than earlier stated levels, as…
Island Grill to open store at New Brunswick Village today
Following a six-month delay, Island Grill Limited is set to open its 19th store in Spanish Town today. Island Grill New Brunswick Village was originally slated to open in June 2023, but sewage…
VM Building Society reopens full ABM network
THE VM Building Society (VMBS) on Friday reopened its network of automated banking machines (ABMs) for public use, after last month announcing a temporary closure of the banking kiosks. “We’re pleased to have…
Hotels hit pause on day passes
AS families gear up for festive getaways during Christmas and new year, a surprising twist awaits those relying on day passes for hotel experiences. Many hotels are putting a temporary halt on the…
From Trinidad to Jamaica
IT has been a year since Michelle Sohan and her partner, Justin Marchack, established their business Treatz Bakehouse and Café (Treatz) at The Annex in Fairview, Montego Bay. The Trinidadian couple’s move to…
