Motorists will pay more for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $0.25 to sell for…
Category: Business & Economy
Main Event earnings stumble in shifting market
Main Event Entertainment Group Limited, MEEG, a provider of stage and lighting, indicated that some large parties and events, including carnival, have been scaling in size, resulting in lower margins for promoters like…
FosRich USA launches from Tennessee base
FosRich USA is now up and running from its base in Tennessee. The associate of FosRich Company Limited has entered the United States in the niche space as a BME, or black and…
Trading of iCreate shares to resume tomorrow
The Jamaica Stock Exchange (JSE) has announced that trading of shares in junior market company iCreate Limited will resume on Wednesday. Trading in iCreate’s shares was suspended on January 18, with the JSE citing a…
China keeps lending rate unchanged, housing market still struggling
China’s central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world’s No. 2 economy’s manufacturing and…
Rain blamed for rum sales slide
Constant rain since last fall has slowed down rum production at J. Wray…
Vaswani to remain head of Kaya after sale to Silo
Businessman Balram ‘Bali” Vaswani will remain at the helm of Kaya ganja stores in Jamaica after the merger with Canadian magic mushroom firm Silo Wellness. “I’ve been asked to serve as CEO and…
NCB Financial selling a piece of Clarien to Cornerstone
NCB Financial Group Limited said on Thursday that it has reached a deal with Cornerstone Financial Holdings Limited for the sale of a 30.2 stake in Clarien Group Limited. Its holdings in Bermuda-based…
KPREIT steps up search for properties in UK
Kingston Properties Limited, which trades as KPREIT, has stepped up its search for properties in the United Kingdom as it seeks to further diversify its real estate assets beyond markets in the Caribbean…
US inflation cools, a sign price pressures may be easing
Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it…