Category: Business & Economy

Proven Group Limited posted a loss after being pulled down by its associate company JMMB Group, which in turn was impacted by its associate Sagicor Financial Company. “The board has decided not to…

The Bank of Jamaica (BOJ) has reduced its benchmark policy rate by 25 basis points for the first time in almost three years, bringing the rate to 6.75 per cent per annum. This…

American billionaire Carl Icahn and his company were charged by regulators in the United States with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises…

A 300-acre coconut farm is being established in St Thomas by an unnamed large investor, Minister of Agriculture and Fisheries Floyd Green has disclosed. Meanwhile, the largest coconut farm in Jamaica, also in…

Blue Emerald, a manufacturing affiliate of FosRich Company Limited, has secured a contract to make transformers in Jamaica, deepening its operations that to now has dealt with repairs of the equipment for key…

Jamalco has resumed full production despite its declaration of force majeure due to damage caused by Hurricane Beryl at its Rocky Point port facility in Clarendon. “Jamalco produced at its targeted 1.2 million…

Regency Petroleum Company Limited, RPL, is looking towards leasing and franchising arrangements to grow the business, now that it has four petrol stations fully operational and another, though delayed, expected to start pumping…

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Two years ago, Pfizer was the envy of the pharmaceutical world, with more than US$100 billion in annual sales from its COVID-19 vaccine and antiviral Paxlovid. Today, CEO Albert Bourla is trying to…

Salada Foods Jamaica Limited has gone digital while heading downmarket for fresh revenue. For the third quarter ended June, sales at the coffee processing company rose to $405 million, a 46 per cent…