Bonds are popular with investors who are keen on the safety of their principal, expecting to receive all of their principal on the maturity date. The experience of some investors, including the elderly…
Category: Business & Economy
Fontana paid $854m for Monarch pharmacy chain
Fontana Limited acquired the Monarch chain of pharmacies for four and a half times its asset value, new disclosures about the deal show. The purchase price was $854 million, noted the auditor of…
GK reorganises insurance arm
GraceKennedy Limited has announced leadership changes in its insurance segment, the latest shuffle in the conglomerate’s strategic evolution, according to Steven Whittingham, CEO of GraceKennedy Financial Group Limited. Insurance accounts for…
Amazon’s Zoox launches its robotaxi service in Las Vegas
Amazon’s Zoox on Wednesday launched its robotaxi service in Las Vegas, offering free rides through parts of the entertainment mecca for anyone willing to gamble on the safety of a driverless vehicle. The…
JSE chooses new leader
The Jamaica Stock Exchange, JSE, began the transition to new leadership on Monday, closing out a two-decade run by Marlene Street Forrest, who twice took the Jamaican stock market to world leader status….
Scotia Group reports steady profit, robust loan activity
Banking conglomerate Scotia Group Jamaica Limited, SGJ, posted steady third-quarter profit of $5.6 billion, a gain of just two per cent. There was a downward revision in the group’s pension plan assets by…
China’s export growth slows in August
China’s exports grew last month but at a slower pace than in recent months, the country’s customs agency said Monday. Exports reached US$321.8 billion in August, a 4.4 per cent increase compared to…
Island Grill to add seven more stores
Island Grill now has 18 stores in its portfolio, but plans to ramp up those numbers to at least 25 within four years, a project in which it will invest about US$10 million…
Yaneek Page | The JLP’s promises for small businesses: which will matter most?
The 2025 general elections are over. The ballots have been counted, victory speeches delivered, and Jamaica Labour Party supporters are celebrating a third consecutive term with 34 seats in parliament and 51 per…
Mayberry doubles stake in microlender Keoworld due to Amex deal
Mayberry Group has doubled its private equity stake in Keoworld, a fast-growing Miami-based fintech firm now positioned to absorb a segment of American Express’s international credit card business. The value of Mayberry’s stake…