Dubai International Airport saw a record 44.9 million travellers pass through its terminals in the first half of this year, putting the world’s busiest airport for international travel back on track to beat…
Category: Business & Economy
Fertiliser demand expected to grow as farmers replant after Beryl
Fertiliser manufacturer Newport-Fersan Jamaica Limited says there should be no shortage of the critical agricultural input for the rest of the year as the sector seeks to recover from nearly $5 billion in…
RJRGLEANER cranks up five-point strategy to overcome half-billion-dollar loss
After reporting annual losses of $529 million, media and technology company Radio Jamaica Limited, which trades as RJRGLEANER Communications Group, said in a statement to shareholders that it has “embarked on an ambitious…
Financial markets tumble around the globe on concerns about the US economy
Markets on Wall Street and around the world were in a mini-panic on Monday. Worried about a slowing United States economy, investors sent the market in Japan to its worst day in decades…
EquityLine investors still awaiting payout as company heads to liquidation
The redemption of investor funds, currently valued at US$3.3 million, or more than $500 million in local currency, remains in limbo following the second suspension of shares in Canada-based EquityLine Mortgage Investment Corporation…
VM hits reset button after big 2023 loss
Smarting from a loss of a near $375 million for financial year ended December 2023, financial conglomerate VM Group says it has hit the reset button. VM Group Chairman Michael McMorris says the…
Green bond listing this year
The Jamaica Stock Exchange, JSE, expects the first green bond listing this year. The JSE expects to become the first stock exchange in the English-speaking region to facilitate the issuance of green and…
Sygnus to double down on ‘impact investments’ through Acrecent
After acquiring a 93.66 per cent stake in the Puerto Rican investment outfit Acrecent in February 2022, Sygnus Group set about streamlining the company and integrating its operations into that of the group….
Japanese automaker Nissan to become greener
Nissan has outlined a “sustainability plan” to become a greener and more inclusive company, promising to recycle batteries, empower its workers, and create safer cars. Nissan Motor Company won’t be trying to beat…
Sangster airport concession extended, NMIA fees lowered under renegotiated terms
The Pacific Airport Group, GAP, the operator of Jamaica’s two major airports, has renegotiated the terms of the concession agreements with the Government of Jamaica. The adjustments flowed from the financial challenges faced…