Starbucks posted stronger-than-expected sales in its fiscal second quarter as demand in China began to recover, but the company said that sales growth could moderate as the year progresses. The Seattle coffee giant…
Richard Black | The coming crackdown on corporate greenwashing
Judging by the growing number of companies vowing to reduce their greenhouse-gas emissions to zero these days, it may seem like the corporate world is finally taking the climate crisis seriously. According to…
JamTeas to bankroll factory expansion with real estate income
Tea and condiments manufacturer Jamaican Teas Limited is banking on flows from real estate sales to finance its factory expansion. Jamaican Teas CEO John Mahfood said the 30 apartments being developed by the…
Int’l transactions hardest hit in JMMB fee restructure
JMMB Bank has advised that it will be adjusting some of it fees, effective June 15, 2023, changes that will force retail customers, particularly those conducting international transactions, to dig deeper into their…
As oil boom transforms Guyana, a scramble begins
The list of needs is long in Guyana, a South American country of 791,000 people that is poised to become the world’s fourth-largest offshore oil producer, placing it ahead of Qatar, the United…
IFC backs PPPs to spur growth
THE International Finance Corporation (IFC) — the private sector arm of the World Bank Group — is urging the Jamaican Government to find ways to “support export-oriented companies” to boost foreign exchange earnings…
JMEA hunts more buyers for next expo
In the aftermath of its 48th staging of the Expo Jamaica 2023 trade show, the Jamaica Manufacturers and Exporters Association (JMEA) is aiming to grow the current number of buyers to 1,000 for…
Clarke: Gov’t serious about Microcredit Act
Minister of Finance and Public Service Dr Nigel Clarke said that the Government will ensure vigilance in administering and enforcing the Microcredit Act in a bid to protect the microfinance subsector from “nefarious…
JCCUL pushes back on central bank loan-quality data
Credit unions saw a dip in the quality of their loans last year, new central bank data shows, resulting in a non-performing portfolio above five per cent of total loans. But the Jamaica…
Real estate boom propels property insurance market despite reinsurance worries
The property insurance portfolios of nearly a dozen general insurers grew markedly last year, on average, a newly released report from industry regulator Financial Services Commission, FSC, shows. But one of its knock-on…