Category: Business & Economy

After less than two years, M. Anthony Shaw is out at the Development Bank of Jamaica, DBJ, a departure that comes in the wake of an investigation launched by the state agency last…

Harmonisation Limited has shelved plans to hire a project manager for the Harmony Cove casino resort development, but in the meantime, Chairman Jeffrey Hall says the “very complex project” is moving forward. The…

Macy’s is rejecting a US$5.8-billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. Arkhouse and Brigade offered US$21 per share for the…

Having recently purchased a small number of shares that upped its stake in Seprod Limited to just above half of the manufacturing and distribution group, the Musson Jamaica conglomerate is making a takeover…

Jamaicans increased their savings over the past year, adding nearly $70 billion more to deposit accounts in eight commercial banks, and $14 billion more at credit unions. The numbers represent a eight to…

Conglomerate Musson Limited, majority controlled by PB Scott and Melanie Subratie, today released an offer to the market to acquire $1 billion worth of additional shares in its listed subsidiary Seprod Ltd. The…

Jamaica made more progress on wages than any of the twenty countries sampled in the region, when factoring for inflation, a new UN report says. It follows the big pay raise the Jamaican…

Jamaica now faces the challenge of resisting overspending during upcoming elections which could erode the gains of increased fiscal surplus and reduced debt levels since the pandemic. Local government elections are coming this…

A business to be spun off by General Electric will build hundreds of turbines for what will be the largest wind project in the Western Hemisphere, part of a massive equipment order and…

Consumers are more confident, but businesses are more cautious, new data released on Tuesday shows. Consumer confidence grew to 174.7 points in the fourth quarter of 2023, which was 8.5 per cent higher…