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Category: Business & Economy

Business & Economy

Derrimon targets high-density areas with online shopping

infojamaica
April 21, 2023

TARGETING PORTMORE in St Catherine or more online shopping traffic, Derrimon Trading Company Limited subsidiary Sampars is offering that community free delivery of groceries on set days. The company has spent what was…

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Business & Economy

Rich offered new, higher-risk instruments that shun masses

infojamaica
April 21, 2023

HIGH-NET investors are getting dozens of offers per quarter to pump their funds into relatively high-yielding debt and equity securities in offers not sent to the masses called exempt distributions or XDs, with…

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Business & Economy

BOJ spent US$1 billion to defend the pandemic dollar

infojamaica
April 21, 2023

THE BANK of Jamaica (BOJ) spent US$1.0 billion in defending the local dollar since the onset of the pandemic, but the country’s outlook, like that of the Caribbean, remains very challenging, according to…

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Business & Economy

Confidence dips, but spending plans rise

infojamaica
April 21, 2023

CONSUMERS AND companies are planning to spend more within a less confident economy, according to the latest Confidence Indices for the March 2023 first quarter. “The indices moved in the same direction and…

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Business & Economy

Uneasy marijuana industry seeks broader trade amid vast glut

infojamaica
April 21, 2023

TUMWATER, Washington (AP): THE EMAIL went out to legal cannabis growers around Washington state, alerting them that another of their colleagues had gone under. “Liquidation sale,” it said. Attached was a spreadsheet of…

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Business & Economy

No gender gap in entrepreneurial activity in Jamaica – Report

infojamaica
April 21, 2023

THE 2021-2022 Global Entrepreneurship Monitor, GEM, report indicates that the gender distribution of Jamaica’s total early-stage entrepreneurial activity, TEA, are majority female, although, when compared to new businesses, the more established…

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Business & Economy

UWI restructures Mona Visitors’ Lodge

infojamaica
April 21, 2023

THE UNIVERSITY of the West Indies, UWI, Mona, is on the hunt for an investor to restore and manage operations of the small hotel on its campus formerly known as the Mona Visitors’…

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Business & Economy

NHT racks up losses after selling joint finance mortgage portfolio

infojamaica
April 21, 2023

THE STATE residential home builder, National Housing Trust, NHT, reported nearly $15 billion in losses on the sale of some of its joint finance mortgage portfolio. Under the Joint Finance Mortgage Programme contributors…

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Business & Economy

Paramount Q3 profits drop despite strong nine-month performance

infojamaica
April 21, 2023

DESPITE A strong nine-month performance, manufacturing and distribution company Paramount realised less profit for the third quarter ended February 2023. Third quarters are typically weaker at Paramount. The company has seen year-on-year declines…

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Business & Economy

$5.5b saved

infojamaica
April 21, 2023

THE Jamaica Public Service Company (JPS) said the introduction of liquified natural gas (LNG) in the energy mix in 2016 has so far brought $5.5 billion in savings for its customers. The JPS…

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