The share price of West Indian Tobacco Company, which makes cigarettes for traders such as Carreras, has dipped 11 per cent since the placement of its managing director Raoul Glynn on leave this…
Category: Business & Economy
West Indian Tobacco Company’s Raoul Glynn sent on administrative leave
Managing director of the Trinidad-based West Indian Tobacco Company, Raoul Glynn, has been placed on administrative leave with pay, pending an internal investigation. A report in the Trinidad Guardian says the action is…
Gassy cows and pigs to face carbon tax in Denmark, a world first
Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep and pigs from 2030, the first country to do so as it targets a major source of methane emissions,…
Phillips takes helm as Pulse interim chair
Retired judge Hilary Phillips assumed the position of interim chairman of Pulse Investments following the passing of co-founder and chairman Kingsley Cooper on June 18. Phillips, a co-founder, director and the second-largest shareholder…
PSOJ complex to cost over $1 billion
The redevelopment of the property housing the Private Sector Organisation of Jamaica, PSOJ, is estimated to cost $1 billion, says Natalie Bennett, CEO of VM Pensions Management Limited. VM Group and the PSOJ…
Apple becomes first target of EU’s new digital competition rules
European Union regulators on Monday levelled their first charges under the bloc’s new digital competition rulebook, accusing Apple of preventing app makers from pointing users to cheaper options outside its App Store. The…
PSOJ to redevelop headquarters into office hub
The Private Sector Organisation of Jamaica, PSOJ, will be developing its headquarters at Hope Road in Kingston, in collaboration with VM Group, a project that will transform the complex into a commercial hub….
JMMB still profits after $12b write-off
JMMB Group Limited, which offers financial services in four markets, made $11.8 billion in annual profit despite writing off a bad bond. The group wrote off $12.6 billion related to funds it loaned…
IT company PBS growing fastest in Musson Group, says PB Scott
Paul ‘PB’ Scott, chairman and CEO of regional conglomerate Musson Group, says its publicly listed information technology firm Productive Business Solutions Limited, PBS, is the fastest-growing company in the massive corporation. It aligns…
Doubling down on BPO status quo in counter to AI
The impact of artificial intelligence technology on the local outsourcing sector is expected to be minimal in the medium term, says Anand Biradar, president of the Global Services Association of Jamaica, GSAJ. In…