Two years ago, Pfizer was the envy of the pharmaceutical world, with more than US$100 billion in annual sales from its COVID-19 vaccine and antiviral Paxlovid. Today, CEO Albert Bourla is trying to…
Category: Business & Economy
Salada goes digital on advertising
Salada Foods Jamaica Limited has gone digital while heading downmarket for fresh revenue. For the third quarter ended June, sales at the coffee processing company rose to $405 million, a 46 per cent…
Wind gusts benefit Wigton’s bottom line
Renewable energy company Wigton Windfarm Limited, which now trades as Wigton Energy, is reporting improved performance for the first quarter ended June, a period in which net profit shot up 142 per cent….
Paramount profit streak broken, restructures amid first loss in 33 years
After posting its first loss in company history, Paramount Trading Jamaica Limited has embarked on a programme of retrenchment even as it continues headhunting fresh talent. CEO Hugh Graham said the dual track,…
Key Insurance profits from investing
Key Insurance Company Limited earned profit of $16 million in the June second quarter, a seven per cent improvement that was driven by higher core revenue and investments. The company’s outlook remains positive…
World’s busiest airport, Dubai International, sees record travel
Dubai International Airport saw a record 44.9 million travellers pass through its terminals in the first half of this year, putting the world’s busiest airport for international travel back on track to beat…
Fertiliser demand expected to grow as farmers replant after Beryl
Fertiliser manufacturer Newport-Fersan Jamaica Limited says there should be no shortage of the critical agricultural input for the rest of the year as the sector seeks to recover from nearly $5 billion in…
RJRGLEANER cranks up five-point strategy to overcome half-billion-dollar loss
After reporting annual losses of $529 million, media and technology company Radio Jamaica Limited, which trades as RJRGLEANER Communications Group, said in a statement to shareholders that it has “embarked on an ambitious…
Financial markets tumble around the globe on concerns about the US economy
Markets on Wall Street and around the world were in a mini-panic on Monday. Worried about a slowing United States economy, investors sent the market in Japan to its worst day in decades…
EquityLine investors still awaiting payout as company heads to liquidation
The redemption of investor funds, currently valued at US$3.3 million, or more than $500 million in local currency, remains in limbo following the second suspension of shares in Canada-based EquityLine Mortgage Investment Corporation…