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…
Category: Business & Economy
Pharmacies wary of NHF competition
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…
United Oil finds potential partner for Jamaican exploration licence
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…
Promise made, promise kept
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…
VM Wealth to receive new round of funding
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…
Stocks Round Up | JSE closes week on winning note
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…
Student delegates spearhead strategies for safer Jamaica
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…
Remittance market heats up
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…
Hendrickson smarts from import restrictions and labour challenges, but ploughs ahead with investments
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…
Jamalco suffers another power disruption costing billions
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…
