The Federal Reserve of the United States on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame…
Category: Business & Economy
CFF expanding into supply of ingredients to manufacturers
Caribbean Flavours and Fragrances Limited, CFF, is adding a new line, ‘ingredients’, to the line-up of products it manufactures as additives. “In developing, say, a soft drink, a company may come to us…
JMMB Group, Liberty form fintech joint-venture Myne Lend
JMMB Group and partner Liberty Latin America have launched a fintech service called MYNE Lend that will rely on data mined from Flow Jamaica customers to facilitate microloans of up to $150,000. It’s…
Vow of austerity sets up showdown over 2025 Argentina budget
Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signalled a new…
Oran Hall | How general elections affect your personal financial plan
By the end of 2024, more than 60 countries with close to a half of the world’s population will have had general elections, leading in some cases to significant changes. Jamaica’s is due…
Munn hunting more Jamaican coffee beans for robust US market
Edgar Munn, a coffee buyer from the family that built Mavis Bank Coffee Factory, MBCF, will visit Jamaica next month with the goal of securing more beans for processing and sale in the…
Microloans market now valued at $46 billion
The size of the microcredit market has grown to $46 billion, more than 15 per cent higher than a year ago, based on the loan balances of applicants, according to the Government of…
Large supermarkets step up vegetable imports post-Beryl
At least two large supermarket chains have increased their imports of vegetables to meet the reduction in local supplies that resulted from the passage of Hurricane Beryl two months ago. Hi-Lo Food Stores…
Drought is making São Paulo’s river emerald green, smoke turns skies grey
A major river in the Brazilian metropolis of Sao Paulo is suddenly emerald green and clear skies this week turned from blue to grey. In the late afternoon, the sun’s rays filtering through…
Update: Illegal pork imports suspected, agriculture ministry moves to protect industry
The Ministry of Agriculture is taking steps to prevent the illegal importation of pork products into the island, although there has been no confirmation that the popular meat has been coming into the…