Jamaica’s largest credit union by membership, COK Sodality, is being merging with Community and Workers of Jamaica Co-operative Credit Union, C…
Category: Business & Economy
US fines American Airlines over mishandling of disabled passengers and wheelchairs
The United States government fined American Airlines US$50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period. The US Transportation Department said…
Palace adds new leadership tier
Cinema operator Palace Amusement Company has made a major change at the top, with the appointment of Steven Cooke as assistant managing director. Cooke is one of the two sons in the Palace…
Portland JSX shifting towards debt over equity investments
Portland JSX Limited plans to offer more loans going forward, instead of relying so much on equity investment in businesses for returns. It is aimed at offsetting periods of volatility, which has resulted…
JUTA to launch express bus service for public commute
Ground transportation company JUTA Tours is starting an express bus service that will compete directly with luxury coach Knutsford Express, on the Kingston-Montego Bay route. Details of the service are still being worked…
What you need to do before and after your phone is stolen or lost
Phones hold so much of our digital lives – emails, social media and bank accounts, photos, chat messages and more – that, if they ever get stolen or go missing, it can cause…
FSC to review stock market oversight
The Financial Services Commission, FSC, will conduct a review of the stock market to see whether its rules adequately protect investors, and better align its oversight with international standards. It comes within the…
Paramount’s leadership huddles as losses mount
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…
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…