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Category: Business & Economy

Business & Economy

El Salvador slaps big airport fee on African and Indian travellers to curb migration

infojamaica
November 14, 2023

El Salvador’s government has begun slapping a US$1,130 fee on travellers from dozens of countries connecting through the nation’s main airport, amid pressure from the United States to help control migration flows to…

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Business & Economy

Pharmacies wary of NHF competition

infojamaica
November 12, 2023

Some local pharmacists describe as gold-plated the National Health Fund programme under which private pharmacies collect a fraction of the cost of drugs from clients but are repaid the full cost of the…

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Business & Economy

United Oil finds potential partner for Jamaican exploration licence

infojamaica
November 12, 2023

United Oil and Gas Plc wants the Jamaican government to further extend the timeline of its licence to explore for oil offshore. The company has now identified a preferred potential partner for the…

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Business & Economy

Promise made, promise kept

infojamaica
November 12, 2023

INVESTORS in the NCB Financial Group can look towards a dividend payment around Christmas this year, ending a two-and-a-half-year hiatus in what were regular quarterly payments before COVID. “A few minutes ago NCB…

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Business & Economy

VM Wealth to receive new round of funding

infojamaica
November 12, 2023

VM Wealth Management Limited is set to receive a $1.5-billion capital injection from VM Financial Group Limited (VMFG) to further strengthen its capital base as market activity continues to soften. This $1.5 billion…

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Business & Economy

Stocks Round Up | JSE closes week on winning note

infojamaica
November 10, 2023

The Jamaica Stock Exchange (JSE) Combined Index closed the week Friday, on a winning note. The moderate trading session ended with an advance/decline ratio of 46/40. The JSE Combined advanced by 1,420.45 points…

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Business & Economy

Student delegates spearhead strategies for safer Jamaica

infojamaica
November 10, 2023

Approximately 300 students representing 16 schools from across the island gathered for the 12th staging of the Youth Consultative Conference held under the theme, ‘Creating a Culture of Peace Among Jamaica’s Youths’. The…

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Business & Economy

Remittance market heats up

infojamaica
November 10, 2023

The multi-billion-dollar remittance market has heated up even further as Supreme Ventures Fintech Limited (SVFT) becomes the ninth company to receive a primary agent licence from the Bank of Jamaica (BOJ). Supreme Ventures…

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Business & Economy

Hendrickson smarts from import restrictions and labour challenges, but ploughs ahead with investments

infojamaica
November 10, 2023

Gary ‘Butch’ Hendrickson, head of National Baking Company Limited, is exasperated with what he describes as recurring issues relating to raw materials import restrictions caused by government regulations that serve no one’s interests…

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Business & Economy

Jamalco suffers another power disruption costing billions

infojamaica
November 10, 2023

Century Aluminum Company, the owners of Jamalco, disclosed on Wednesday that during summer, the power generation unit at the Clarendon-based refinery malfunctioned, costing the company about US$22 million. The loss translates to $3.4…

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