Digicel Group has announced Marcelo Cataldo as its new Group Chief Executive, effective May 1. Originally from Paraguay, Cataldo has diverse international experience having worked across Latin America, the US and Europe, Digicel says….
Category: Business & Economy
Twin towers for BOJ
The Bank of Jamaica will be adding a second tower to its Nethersole Place headquarters, an investment necessitated by its expanding regulatory portfolio. The BOJ building, which sits on the Kingston waterfront, is…
Lloyd’s of London enters medical insurance market in Jamaica
After about 20 years of quiet operation, serving individuals and families in Jamaica, Lloyd’s of London is entering the employee benefits insurance market. The company is more perceived as a reinsurer but is…
Purity product mix to undergo changes
Bread prices are up two-thirds since the onset of the pandemic four years ago, and sales revenues at bakery companies appear to have risen in tandem. For Consolidated Bakeries Jamaica, which trades as…
Fleetwood buys Starfish, eyes equities market
As it mulls a potential listing on the stock market, personal care and home improvement products company Fleetwood Jamaica Limited has acquired aromatherapy solutions company Starfish Oils Limited, paying $70 million for the…
Higher consumer prices keep US inflation elevated, likely delaying Fed rate cuts
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the United States government said Wednesday in a report that will likely give pause to the Federal…
Farmers’ vigilance urged as fertiliser prices reduced
In the face of a 13 per cent reduction in the price of granular fertiliser by market leader Newport-Fersan, the producer and commercial supplier of the agricultural input is urging farmers and other…
GPE 100MW clean energy project gets a dozen bids
A dozen proposals are currently being evaluated by the Jamaican government’s Generation Procurement Entity, GPE, for the supply of 100 megawatts of renewable energy to the national power grid. It forms part of…
Biden administration offering US$6b funding to Taiwanese microchip maker as incentive
The Biden administration pledged on Monday to provide up to US$6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the…
A.S. Bryden looking to pharmacy division for growth
With contracting margins in other divisions and limited markets for the time being, Seprod subsidiary A.S. Bryden…