The United States Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signalled…
Category: Business & Economy
Stocks Round Up | Sterling Investments (USD), MPC Caribbean and Caribbean Flavours today’s top performers
The Jamaica Stock Exchange (JSE) Combined Index was back to winning ways on Wednesday. Brisk trading on small volumes ended with an advance/decline ratio of 53/46. The JSE Combined Index advanced by 1,998.79…
Key locks digital for growth
Even as it continues to execute a successful turnaround strategy, general insurer Key Insurance Limited is looking to deepen digital services as streamline processes and leverage technology to enhance speed, accuracy and reliability…
The Optimum Distributors story
IT’S probably the dream of every college student: starting a business that will generate enough to provide financial security for years to come. But for Sheldon Powe, the founder of Optimum Distributors, that…
Jampro to launch new business gateway portal
To facilitate a greater ease of doing business with the country, State marketer Jamaica Promotions Corporation (Jampro) said it is now in the final stages of rolling out the Jamaica Business Gateway. The…
Digital futures
Digital wallet firm Lynk made its debut as an exhibitor of the Jamaica Manufacturers and Exporters Association (JMEA) EXPO Jamaica last weekend to officially launch its LynkBiz merchant platform to the public, partnering…
JPS rakes in US$1b in 2022
The Jamaica Public Service Company (JPS) is reporting revenues of more than US$1 billion in 2022, as demand recovered from the COVID-19 slump at a time when electricity prices reached the highest they…
CFF digi-sights and smells
Through virtual reality operations, patrons of the Caribbean Flavours and Fragrances Ltd (CFF) booth at the Jamaica Manufacturers and Exporters Association (JMEA) EXPO Jamaica were immersed into a simulated experience of computer-generated visuals…
Chinese electric vehicle brands expanding to global markets
Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favourite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto…
World Bank says war shocks to drag on Asian economies
BANGKOK, Thailand (AP) – ” Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months,…