JUTA Tours is planning to relaunch its Kingston-Montego Bay express bus route before year end, but now has to contend with one more rival – the Jamaica Urban Transit Company Limited, JUTC, operator…
Category: Business & Economy
Gold surges above US$4,300 amid global uncertainty
As economic uncertainty deepens, the rush for gold continues – with prices for the precious metal topping US$4,300 for the first time last week. The going price for New York spot closed at…
Cemex removes JLP ‘fee’ payment from US filing
Cemex, the ultimate parent company of Caribbean Cement Company, has amended an earlier filing with the US Securities and Exchange Commission which had disclosed a payment described as “fees” of over US$201,500 to…
NCB lists US$7.5m residence for sale
National Commercial Bank Jamaica Limited has listed a luxury residence at Earls Court for US$7.5 million. The listing for sale — now live on Sotheby’s International Realty — indicates that the property spans…
Jamaica insurance sector on a positive track
Jamaica’s insurance sector continues to expand, with total assets just shy of the $600-billion mark and capital buffers showing improvement, the Financial Services Commission, FSC, indicated in its June quarter review of the…
US shutdown delays release of critical inflation figures
The United States government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier picture even as the economy enters a challenging phase of stubbornly persistent inflation…
Fishers uneasy over Sandals overwater villas at Mammee Bay
Sandals Resorts International’s US$230-million redevelopment of its Dunn’s River hotel property, particularly the addition of 18 overwater villas, has received mixed reactions from the community, according to a newly released environmental impact…
JMMB Group to roll more real estate projects
JMMB Group Limited, JMMBGL, will be executing two more commercial real estate projects in Kingston, including a new a 10-storey mixed-use building at Haughton Avenue, plus other developments in urban centres outside the…
Three researchers nab Nobel economics prize for explaining ‘creative destruction’
Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth and human welfare, even as they…
T&T finance minister says CAL spent millions of dollars on audits without submitting a ‘single audited statement’
PORT OF SPAIN, Trinidad, CMC – Trinidad’s Finance Minister Davendranath Tancoo on Monday said that the state-owned Caribbean Airlines (CAL) had spent more than TT$60 million on audits, but had failed to submit…