Montego Bay, Jamaica, will play host to Outsource2LAC Global Digital Summit, the largest outsourcing showcase in the Western Hemisphere, next month, June 14 and 15. The event will be organised by the Ministry…
Category: Business & Economy
Sagicor sacks four execs
According to Sagicor Group Jamaica Limited’s 2022 annual report, four executives were separated from the financial conglomerate in addition to other senior leaders who resigned to take up positions at other listed companies….
UDC to bring 68 commercial lots to market
The Urban Development Corporation, UDC, has begun groundwork for the sale of roughly 108 acres of Caymanas Estate lands, all of which is slated for light commercial development. So far, the state agency…
NWC lobbying for better electricity bill recovery
The National Water Commission, NWC, is projecting a $3.9 billion surplus this fiscal year, which would reverse losses recorded two years earlier, but a major plank of that growth will rest on increased…
Stocks Round Up | Sygnus Real Estate Finance (USD) today’s top winner
The Jamaica Stock Exchange (JSE) Combined Index closed the week on a winning note on Friday. Slow to moderate trading ended with an advance/decline ratio of 44/52. The JSE Combined Index advanced by…
Starbucks beats sales forecasts as China recovers
Starbucks posted stronger-than-expected sales in its fiscal second quarter as demand in China began to recover, but the company said that sales growth could moderate as the year progresses. The Seattle coffee giant…
Richard Black | The coming crackdown on corporate greenwashing
Judging by the growing number of companies vowing to reduce their greenhouse-gas emissions to zero these days, it may seem like the corporate world is finally taking the climate crisis seriously. According to…
Int’l transactions hardest hit in JMMB fee restructure
JMMB Bank has advised that it will be adjusting some of it fees, effective June 15, 2023, changes that will force retail customers, particularly those conducting international transactions, to dig deeper into their…
JamTeas to bankroll factory expansion with real estate income
Tea and condiments manufacturer Jamaican Teas Limited is banking on flows from real estate sales to finance its factory expansion. Jamaican Teas CEO John Mahfood said the 30 apartments being developed by the…
As oil boom transforms Guyana, a scramble begins
The list of needs is long in Guyana, a South American country of 791,000 people that is poised to become the world’s fourth-largest offshore oil producer, placing it ahead of Qatar, the United…