TOKYO (AP): THE UNITED States (US) hopes to deepen trade ties with Japan as it fortifies cooperation on economic security with its Asian allies and partners, the top United States trade envoy said…
Category: Business & Economy
Sale approval for Mystic Mountain expected soon
A MEETING in the Supreme Court next week is expected to see approval secured for a purchaser for Mystic Mountain Limited, MML, the Jamaican attraction which has been placed in bankruptcy, and for…
Auditors reclassify MPC profit as loss
MPC CARIBBEAN Clean Energy booked its largest audited net loss while extending its convertible debt load for another three years. The company’s outlook remains positive despite the 2022 setbacks. The unaudited US$700,700 net…
BOJ promises updated projections
THE BANK of Jamaica (BOJ) says it will, in short order, update its projections for the economy, following new data released by the Statistical Institute of Jamaica (Statin) which shows that annual inflation…
Dow lower as Goldman, J&J decline
NEW YORK (AP): WALL STREET drifted yesterday following a mixed set of earnings results from big companies and a stronger-than-expected report from the world’s second-largest economy. The S…
Apple Inc bets big on India as it opens first flagship store
NEW DELHI (AP): APPLE INC opened its first flagship store in India in a much-anticipated launch yesterday that highlights the company’s growing aspirations to expand in the country it also hopes to turn…
iCreate moving to repair breach
DIGITAL MEDIA company iCreate is still in breach of the Jamaica Stock Exchange’s (JSE) Junior Market Rule 505 (7) (a). The rule says: ‘The Junior Market Company shall at all times ensure that…
Grenada Gov’t gets parliamentary approval to amend tax legislation
ST GEORGE’S, Grenada (CMC): THE GRENADA government says it is owed more than EC$750 million (One EC dollar=US$0.37 cents) in outstanding taxes and penalties and that a tax amnesty offered this year is…
Internet star war to benefit new users
CONSUMERS ARE set to benefit from an internet price star war. Starlink, the satellite internet firm ultimately owned by Elon Musk, this month slashed the core price in Jamaica for the second time,…
Near US$500 million in remittances flow in first two months of 2023
DESPITE A dip in inflows in the month of February, remittance flows may replay the performance of the year ended, solidifying the post-pandemic trend of inflows valued in the region of US$3 billion….