The leadership of Paramount Trading Jamaica Limited spent most of Monday in a huddle trying to chart the way forward, after the company posted a loss in its first quarter ending August. It…
Category: Business & Economy
Mexico says foreign firms have pledged US$20b in investments, but many are old or uncertain
Mexican officials announced on Tuesday what they claimed was US$20 billion in new foreign direct investment in Mexico, but much of that was neither new nor completely certain. Investor confidence in Mexico has…
Express Catering bullish on business despite travel dip
Express Catering Limited, which operates several restaurants at the Sangster International Airport, expects a positive outlook despite a double-digit dip in total passengers at the nation’s busiest airport in September. September to November…
Confidence on the wane, but consumers and firms willing to borrow
More than half of businesses and a quarter of consumers need cash or a loan, according to the latest JCC Business and Consumer Confidence Indices released on Tuesday. Consumer confidence dipped to 168.4…
Brazil blocking irregular online gambling as concern rises over addiction
Brazil on Friday started blocking over 2,000 gambling websites designated as irregular, part of a push by the government to regulate the sector. The move comes as concerns grow about addiction, especially among…
Oran Hall | Bumpy ride from rural Jamaica to a university education
Recognising that education holds the key to a bright future, many parents make significant effort to give their children a fighting chance to get a meaningful education. They expect it to be the…
Fesco strikes distribution deal with auto parts wholesaler Auto Don
Petroleum marketing company, Future Energy Source Company Limited, is moving to carve more market share for its proprietary Jamaica-blended lubricating oils, Futroil. Petroleum marketing companies generally market their own brands, but with only…
High mountain coffee ‘in trouble’
Farmers of coffee in Jamaica’s high mountains have witnessed a two-thirds dip in production from pre-pandemic levels. Jamaica produces many varieties of coffee but two mountain regions define the brew: high mountain and…
Innovative Energy to raise capital via share issue
Innovative Energy Group Limited, IEG, formerly known as Ciboney, will issue 850 million new ordinary shares, with the intent of raising fresh equity capital. “Additional capital is required, but we are exploring options…
PepsiCo lowers revenue forecast on ‘subdued’ sales
PepsiCo lowered its sales forecast for the year as consumers in the United States, China and elsewhere continued to pull back on buying its snacks and drinks. The company, based in Purchase, New…