Unicomer Jamaica will be introducing a new line of industrial-grade equipment for the Jamaican market through its retail subsidiary, Courts, which up to now has only catered to a consumer market with household…
Category: Business & Economy
New owner of Mystic Mountain to take control in September
The company approved as the purchaser of Mystic Mountain Limited, Northjam Island Tours Limited, is expected to pay US$13 million for the bankrupt business, the Financial Gleaner has learnt. The new owner is…
One Great Studio’s regional growth objectives
DIGITAL marketing agency One Great Studio (1GS) has set its sights on global and regional expansion by leveraging the global reach of its new subsidiary, United States-incorported High Voltage SEO (HVSEO), following the…
BOJ outlines $20-billion cost for inflation fight
THE Bank of Jamaica (BOJ) said its inflation fight over the last two years has already cost it upwards of $20 billion, but added that it remains profitable and is expected to continue…
Peru port to be ‘gateway from South America to Asia’ – official
Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin…
BOJ concern
THE Bank of Jamaica (BOJ) said it is concerned about the potential destabilising effects of a tight labour market on its efforts to combat inflation, especially if wage increases being negotiated by various…
‘I am impatient’
BANK of Jamaica Governor Richard Byles has expressed disappointment with the level of take-up of its Jam-Dex central bank digital currency so far, saying he is “impatient” to get the project on the…
Higher rates drag construction sector
THE once-booming construction sector declined for a fifth-consecutive quarter between April and June of this year, with industry players citing rising interest rates implemented to fight inflation as the chief reason for the…
What next for iCreate shareholders as JSE suspends trading in the wake of breaches?
SHAREHOLDERS of iCreate Limited are pondering their next move following the company’s suspension from trading on the Jamaica Stock Exchange (JSE) on Monday, less than a week after a director sold shares in…
Pan Jamaica merger results in upsized assets of $127b
A more diversified Pan Jamaica Group Limited grew its earnings by one-fifth in the June quarter, due to its absorption of the food and logistics operations of Jamaica Producers Group. Shareholder profit rose…