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…
Category: Business & Economy
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…
Master plan for the aviation sector
Jamaica’s aviation regulator wants to develop a master plan that addresses expected passenger growth, the dearth of local operators, and the impact of aircraft such as drones, the technology around which is still…
Airlines required to give automatic cash refunds for cancelled, delayed flights
The Biden administration issued final rules on Wednesday to require airlines to automatically issue cash refunds for things like delayed flights, and to better disclose fees for baggage or cancelling a reservation. The…
Gas prices down
The price of gas is going down by $1.06 on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $176.20 per litre and a litre of E-10 90 will sell for…
GOJ selling 40% of mortgage bank prior to IPO
The planned divestment of Jamaica Mortgage Bank, JMB, via the stock market contemplates a carve out of a large chunk of the bank for sale to a key investor prior to the public…
