As good and responsible citizens, it is incumbent on us to pay our taxes, not just on income from employment, but from investment activities. Taxes leave us with less to spend, save, and…
Category: Business & Economy
Cedric Stephens | Insurance crisis needs unified approach from Caricom
Jamaica and its Caribbean neighbours are facing an insurance crisis. This emergency is like the increasing inflow of illegal guns and ammunition from the United States into the region. The entry of weapons…
Lee-Chin Jr’s Seed Investments lands microcredit licence
Seed Investments, a company led by Michael Lee-Chin Jr, has received approval from the Bank of Jamaica to operate as a microlender. The company, which is the newest entrant in the microfinance sector,…
Appetite for USD loans and foreign government securities grows
Foreign currency loans held by Jamaican investors and firms climbed by nearly 26 per cent last year, driven mainly by sovereign securities, according to the Bank of Jamaica. Meanwhile, borrowing in US dollars…
Catherine’s Peak sales set to hit $1.5b
Catherine’s Peak Bottling Company is on a path towards $1.5 billion in sales this year. The water bottling company owned by GraceKennedy Group expects to rebound from unspecified challenges and ramp up sales…
US economy grows at weak 1.1% rate in sign of slowdown
The United States economy slowed sharply from January through March, decelerating to just a 1.1 per cent annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. Thursday’s…
CAB has acquisition target in sight
Caribbean Assurance Brokers Limited, CAB, is doing due diligence on a targeted business that’s expected to become its first acquisition in nearly two decades of operation. The deal is being pursued simultaneously with…
Twitter relaxes pot ad rules to lure in more advertisers
Twitter under its 420-friendly owner Elon Musk became the first major social media company to allow cannabis advertisements earlier this year. Now, the platform is relaxing those rules in an attempt to lure…
Disney sues DeSantis, calling park takeover ‘retaliation’
Disney sued Florida Governor Ron DeSantis on Wednesday over the Republican’s takeover of its theme park district, alleging the governor waged a “targeted campaign of government retaliation” after the company opposed a law…
Portland JSX cites global headwinds in appeal for investor patience
Private equity company Portland JSX Limited dipped into losses at year ending February, which Managing Partner Robert Almeida has linked to headwinds from changing interest rate environments and the damper it has put…