Your CEO has a strong ego. Most successful ones do. It carried him through the growth years, and it now sits at the centre of every conversation about the company’s future. Right now,…
Category: Business & Economy
Sandals reportedly in US$6-billion talks with Royal Caribbean
Shares of Royal Caribbean Group fell 6.1 per cent on Tuesday after the Financial Times (FT) reported that the cruise operator stands close to a deal to acquire a majority stake in Sandals…
Paramount reaches deal with US states to settle case challenging Warner buyout, AP source says
Skydance-owned Paramount reached a settlement Monday with a group of state attorneys general that had sued to challenge the company’s buyout of Warner Bros Discovery, effectively paving the way for the mega merger…
Japan’s central bank raises interest rate to 1.25%, the highest in 31 years
Japan’s central bank on Friday raised the benchmark interest rate to 1.25 per cent from 1.0 per cent, a 31-year-high. The Bank of Japan has been trying to normalise monetary policy after decades…
US$1b bond raise reflects confidence, says Fayval Williams
Jamaica raised US$1 billion from the international capital markets on Wednesday at a coupon of 6.25 per cent, the lowest coupon the country has paid on an international bond. It was the government’s…
Solar firm IEG mulls property development to unlock legacy losses
Innovative Energy Group (IEG) wants to enter property development to augment its solar-installation business, and would seek approval to use legacy tax losses from the Ciboney Group, a listed entity it acquired. “The…
FID seeks broker to sell 11 forfeited properties
The Financial Investigations Division (FID) has gone to market for a real estate brokerage firm to sell 11 properties taken from criminals, the first concrete step towards the privately run disposal programme the…
Imani Tafari-Ama | Reparations, sovereignty and the politics of justice
Aren’t you tired of dealing with successive government administrations that do not get it? Aren’t you fed up with the utter fraud of continuing to bow to the King of England as Jamaica’s…
Ja’s crime rate nears Costa Rica’s, but growth promise unfulfilled
There are few instances in economic life when the business community can expect a tangible return on an external shift without cutting another cheque, and the dramatic fall in Jamaica’s murder rate ought…
Rate-hike expectations climb from a fifth to a third among local business leaders
Jamaican business leaders expect inflation to ease to 6.8 per cent by December, even as a growing share anticipate that the Bank of Jamaica (BOJ) will raise interest rates. The central bank’s July…
