In a week, Justice David Batts is expected to tell Mystic Mountain receiver Wilfred Baghaloo whether he can proceed with the sale of the Ocho Rios-based adventure tour company that went bankrupt during…
Category: Business & Economy
‘I’m very happy’
MICHAEL Lee-Chin has declared himself “excited and happy” as he extends himself to give closer scrutiny to the NCB Financial Group. Still, shareholders were told in a highly anticipated investor briefing on Thursday…
Salada’s inventory impacted by low availability of coffee
The low availability of coffee in the domestic market continues to affect inventory levels for local manufacturer Salada Foods Jamaica, which at the end of the third quarter saw its supplies reduced to…
$52! Investors react to another quarter of no NCB dividends
Investors expressed their displeasure with NCB Financial Group Limited’s (NCBFG) decision to skip another dividend payment, shedding the company’s shares in early morning trading Thursday, pushing the stock price traded down to $52,…
China’s July exports tumble by double digits, adding to pressure to shore up flagging economy
China’s exports plunged by 14.5 per cent in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Imports tumbled 12.4 per cent, customs…
NCB Financial Group lagging behind 2022 performance
Third quarter profits are down at the NCB Financial Group, NCBFG. For the quarter ended June 30, 2023, NCB Financial Group reported net profit of just under $7.4 billion. This was $3.2 billion…
Gas prices down $0.25, diesel up $4.50
Motorists will pay $0.25 less for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $179.70 per litre while a litre of E-10…
Flow Foundation donates $3m to Musgrave Market restoration effort
Efforts to resuscitate the Musgrave Market in Port Antonio, Portland, which was razed earlier this year, have received a boost courtesy of the Flow Foundation. The organisation recently donated $3 million to the…
Export readiness
VENTURING into international markets can be a formidable task for small businesses. To do so they often need help finding distribution channels, gaining access to trade shows and expos, making contact with buyers,…
US inflation has steadily cooled; getting it down to Fed’s target rate will be toughest mile
WASHINGTON, United States (AP) — Over the past year, inflation in the United States has tumbled from nine per cent all the way to three per cent, softening most of the price pressures…