What industry will replace business process outsourcing as we know it today? That’ is the labour force and job-creation conundrum that now demands entrepreneurial response and intervention in 2024. Jamaica needs an answer…
Category: Business & Economy
Campbell to succeed Handa as head of KPMG Caricom
Tarun Handa will retire as head of KPMG in Caricom on September 30, but his successor has already been chosen. Current partner at KPMG, Raymond Cambell, will assume the position of senior partner…
Jacana shutters ganja store amid illicit rivalry
Medical marijuana company Jacana will shutter one of its four, saying ineffective regulation, including the inability to deliver products on par with illicit ganja operators, has hurt its viability. “We need to be…
Facebook, Instagram under scrutiny over possible breaches of EU digital rulebook
The European Union says it’s investigating Facebook and Instagram over a range of suspected violations of the bloc’s digital rulebook, including not doing enough to protect users from foreign disinformation ahead of EU-wide…
Paramount to pry new growth from lubes, manufacturing
Smarting from a loss of business occasioned by a dip in construction project starts and lower demand for food-grade inputs, chemicals and lubes supplier Paramount Trading is looking to lubricants and growth in…
Portland JSX writes down two investments, losses expand ninefold
Portland JSX Limited, a fund that invests in privately held companies in Jamaica and Latin America, has slipped deeper into losses that were nine times worse than a year ago. The fund’s annual…
Friends and foes of offshore wind energy jostle over projects
Government supporters of offshore wind-energy projects in New Jersey and New York are trading blows with opponents in some shore towns who say many vacationers and local residents don’t want to see turbines…
Tropical Battery to raise more funds on the stock market
Tropical Battery Company Limited will turn to the stock market to raise more equity later this year amid plans to continue growing the company. Tropical Battery, which went public in 2020 and is…
The emergence of earn-to-pay apps
When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn. “You know how they get you…
NCB taps bond market for over $50b for debt refinancing
Jamaica’s largest banking and financial conglomerate NCB Financial Group Limited has offered more than $53 billion worth of bonds to the market since March to refinance existing debt. One of the bonds currently…