Acado Limited posted a US$8 million gain on the acquisition of the Jamaica operations of Massy Distribution Limited, a deal that gave it near-total control of the local insulin market, subject to a…
Category: Business & Economy
New Fed Chair vows independence amid call for lower rates
New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks…
Understanding the different interest-rate types and why it matters
We hear them so often: nominal interest rates, real interest rate, add-on interest rates, effective interest rates, compound interest rates – each having its own meaning and implications for borrowers, lenders and investors….
J$8.9b in crypto flows through Jamaican banks over five years
Banks reported J$8.9 billion in cryptocurrency-related transactions flowing through the island over five years to 2025, even though no virtual asset service providers operate domestically.
Raquel Seville and Keisha Bailey | Scotia’s Exit and the $54-Billion Question
Scotia Group Jamaica is leaving the Jamaica Stock Exchange while it is winning with record profits. The profit line is not the story. The story is capital, float, and where roughly $54 billion…
BSJ sees tenfold rise in modular home assessments
Several providers of modular homes are seeking approval of their building systems by the Bureau of Standards Jamaica (BSJ) in preparation for the post-Melissa rebuilding of western Jamaica. Manager of Testing and Industrial…
Silvera wins second JMEA term with data-led agenda for manufacturers
The Jamaica Manufacturers and Exporters Association (JMEA) plans to deepen industry data collection as part of a five-point agenda unveiled by President Kathryn Silvera after her re-election on Wednesday, building on efforts already…
United Oil presses Jamaica farm-out as Strait of Hormuz ‘closure’ reprices prospect
Offshore oil exploration firm United Oil & Gas Plc expects to secure a joint-venture partner by October, according to its full-year results published this week. The company cited the disruption to global oil…
US stocks end mixed, weighed down by more losses for tech giants
Stocks wavered to a mixed close on Wall Street on Wednesday as technology stocks once again weighed down the market. Declines for several influential tech heavyweights, including Microsoft, pulled the broader market lower,…
Motor vehicle dealers and real estate developers emerge as top money laundering risk
Jamaica’s real estate developers and motor vehicle dealers have emerged as top money laundering risks, according to the Third National Risk Assessment (NRA) published by the Bank of Jamaica this month.