As it continued to take advantage of market volatilities and navigate global challenges, Sterling Investments Limited (SIL) during its last financial year managed to deliver marginal growth in net interest income which amount…
Category: Business & Economy
Biden pledges high-speed internet for all Americans by 2030
High-speed internet is no longer a luxury but an “absolute necessity, US President Joe Biden said on Monday said as he pledged that every household in the nation would have access by 2030…
Boom and bust for onion farmers
Onions have now climbed to $400 per pound on the local market, doubling the price since April, when farmers were almost giving the crop away. Then they faced competition, diminished markets, and limited…
Kingston airport operator Packal, Dawkins Brown at odds over flight firm assets
PAC Kingston Airport Limited, the Mexican-owned operator of the Norman Manley International Airport, wants assets valued at over $300 million belonging to Flight Connections Limited removed from the airport grounds despite an ongoing…
Danger ahead!
FINANCIAL Action Task Force (FATF) President T. Raja Kumar has reiterated a plea for Jamaica to close the gaps in its action plan to avoid a possible move to the dreaded “black” list,…
Where are the hospitable staff?
THE cries of restaurateurs to find and keep hospitable employees have rung the ears of at least one restaurant rater and reviewer. “Sometimes I can’t even put out a review, even if the…
FosRich unveils Pinnacle 2027
FOSRICH Limited has unveiled its new mission plan dubbed “Pinnacle 2027” in which the company intends to sextuple its revenue to $20 billion and net profit to $2 billion through a range of…
Consolidated Bakeries focuses on local market
CONSOLIDATED Bakeries Limited (CBL) has taken the approach of working locally in order to grow its exports. While other companies are now looking to boost exports and penetrate global markets as a way…
FosRich rights issue delayed by SSL, offer pending this month
The rights issue planned by electrical lighting company FosRich has been held up for the three months while the company’s financial advisers try to clear a path for a particular block of owners,…
KLE chairman lays out new direction
In the midst of transition, KLE Group is currently a company without core income. But in an in interview with the Financial Gleaner this week, Chairman David Shirley says the company that began…
