Food manufacturer and distributor Seprod Limited has cranked up its second five-year programme of expansion. This time the company is targeting Central America and elsewhere in Latin America for a buildout of its…
Category: Business & Economy
Seabed authority tackles proposed mining code amid growing concerns
Tense deliberations over how and if to allow deep sea mining unfolded Monday in Jamaica as at least one company threatened to apply for permission before rules and regulations are in place. More…
Fraud expert wants long sentences for bank employees who steal
A leading expert on banking fraud is calling for lengthy sentences for bank employees who steal funds while on the job. Dane Nicholson, co-chair of the Jamaica Bankers Association’s Anti-Fraud Committee, said the…
‘Triangulation’ fraud on the rise, online shoppers beware, says expert
Having investigated electronic banking fraud in all its forms for years, Dane Nicholson is predicting another type of fraud by cyberscammers, referred to as “triangulation”, saying it will grow in significance in Jamaica…
Paymaster working with BOJ to restore remittance licence
Digicel Limited, which owns Paymaster Jamaica Limited, plans to work with the regulator to restore remittance services after uncovering a breach in its record keeping. Its licence was suspended by the central bank…
RA Williams aiming for $2b valuation through IPO
RA Williams Distributors Limited, which sells medicines, plans to raise $400 million this month through an initial public offering of shares on the junior market of the Jamaica Stock Exchange, JSE, priced at…
Jamaica’s FDI flows continue to recover
Flows of foreign direct investment into Jamaica, especially in the areas of tourism, and outsourcing and information technology, have grown to their highest level since the pandemic, when the flows were decimated amid…
The Bridge radio station up for sale
After débuting on air with much fanfare nearly three years ago, radio station The Bridge 99 FM is facing an uncertain future and is now up for sale. Two investors in The Bridge,…
Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes
Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people, the United States Department of Justice, DOJ,said late Sunday, after the government…
Beryl not bad enough to trigger catastrophe bond
The catastrophe bond that Jamaica floated recently on the international market won’t help it in its disaster-recovery efforts. Although the bond was designed to provide financial protection for the issuer in the event…