The United States and China agreed Monday to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies and setting off a rally in global financial markets. But the…
Category: Business & Economy
Oran Hall | Regaining control over your finances
All does not have to be lost if you have lost or are losing control over your finances such that you are carrying more debt than is desirable. There are many practical steps…
JPS spending US$300m on renewable energy expansion
Power utility Jamaica Public Service Company, JPS, is investing US$300 million to construct Jamaica’s largest solar power plant and a battery storage facility, starting this month. The renewable energy facility will replace JPS’s…
JamTeas hurt by investment losses, sluggish real estate
A downturn in the local and international equities markets and dogged sluggishness in the real estate market hurt both the top and bottom lines of Jamaican Teas Limited. For the second quarter ended…
China rolls out more stimulus, agrees to trade talks with the US
China announced a barrage of measures meant to counter the blow to its economy from the US trade war, as the two sides prepared for talks later this week. Beijing’s central bank governor…
Decision pending on second extension of Portland fund
With less than three months to go, there is no decision yet on whether there will be a second extension of the Portland Caribbean fund. The “limited partners – including PJX – had…
GraceKennedy piloting new organic fertiliser
GraceKennedy Limited is currently piloting a new organic fertiliser, which makes use of waste generated from its agro park operation in St Elizabeth. David Crum-Ewing, operations executive at GK Foods…
Skechers to be acquired for US$9b and taken private
The shoe company Skechers is being acquired for more than $9 billion and will be taken private by the investment firm 3G Capital. The deal comes amid growing uncertainty over how US tariffs…
Castor oil market seeking game changer in standardisation, GI designation
The Jamaican castor oil industry has not been able to shed the perception of being an enterprise for the ‘small man’, largely because the potential earnings mainly flow to counterfeit products on the…