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Category: Business & Economy

Business & Economy

JMMB head calls for Gov’t to fulfil commitment to phase out asset tax

infojamaica
September 23, 2024

Chief Executive Officer of JMMB Group Limited, Keith Duncan, on Monday urged the Government to phase out the asset tax, citing the financial sector’s support during the COVID-19 pandemic. Duncan said that the…

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Business & Economy

Pepper, pimento in short supply

infojamaica
September 22, 2024

A shortage of key inputs, such as scotch bonnet peppers and pimento, is hindering at least one local manufacturing company from filling export orders for its products. Albert Bailey, CEO of Spur Tree…

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Business & Economy

Yaneek Page | The struggling entrepreneur’s guide to cashing in on social commerce

infojamaica
September 22, 2024

In my previous column, I shared that the emergence of social commerce in the Western world was a new gold rush, potentially blowing billions in opportunities for entrepreneurs and businesses in the Caribbean….

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Business & Economy

Sagicor X Fund makes first purchase in Cayman, taking more ‘assertive’ approach to investing

infojamaica
September 20, 2024

Sagicor Real Estate X Fund Chairman Howard Mitchell says a new deal for commercial property in Cayman Islands, acquired for US$10 million, is the opening play in a one-year programme that will reflect…

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Business & Economy

NMIA revenue to back US$440m bond by unknown issuer KingAir

infojamaica
September 20, 2024

Revenue flows from Norman Manley International Airport, NMIA, will secure a bond of up to US$440 million to be floated on the international market by unnamed entities, utilising a special vehicle called Kingston…

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Business & Economy

Google wins legal bid to overturn €1.5b antitrust fine

infojamaica
September 19, 2024

Google won a court challenge on Wednesday against a €1.49-billion (US$1.66-billion) European Union antitrust fine imposed five years ago that targeted its online advertising business. The EU’s General Court said it was throwing…

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Business & Economy

Federal Reserve cuts key rate by sizeable half-point, signalling end to its inflation fight

infojamaica
September 18, 2024

The Federal Reserve of the United States on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame…

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Business & Economy

CFF expanding into supply of ingredients to manufacturers

infojamaica
September 18, 2024

Caribbean Flavours and Fragrances Limited, CFF, is adding a new line, ‘ingredients’, to the line-up of products it manufactures as additives. “In developing, say, a soft drink, a company may come to us…

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Business & Economy

JMMB Group, Liberty form fintech joint-venture Myne Lend

infojamaica
September 18, 2024

JMMB Group and partner Liberty Latin America have launched a fintech service called MYNE Lend that will rely on data mined from Flow Jamaica customers to facilitate microloans of up to $150,000. It’s…

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Business & Economy

Vow of austerity sets up showdown over 2025 Argentina budget

infojamaica
September 17, 2024

Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signalled a new…

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