Business
After languishing for decades, another effort is being made to bring back the dairy sector to its former glory, when Jamaica produced three times more milk. Industry players cite climate change and the need to import better breeds of dairy cattle...
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In one month, Frank James will take over as Group CEO of GraceKennedy Limited, while Don Wehby heads into retirement. James, who currently heads up the food and financial serves conglomerate’s domestic food operations, promised continuity at the...
The newly promoted CEO of Derrimon Trading Company Limited, Ian Kelly, says he will be using 2021 as a base year for taking the company forward. The year 2021 was the time when revenues shot up 39 per cent to $17.74 billion and profit increased 44...
Swings in the bond market recently sent the yield on the 10-year US Treasury above 4.8 per cent and its highest level since 2023. That’s injected nervousness into the US stock market and knocked indexes off their records. The bond market’s moves...
One question that 2025 may begin to answer is whether the BRICS – Brazil, Russia, India, China, South Africa – is becoming the new centre of power in world politics. Now that the group has added new members – namely Egypt, Ethiopia, Iran and the...
Federal officials on Wednesday released a far-reaching proposal to make cigarettes far less addictive by capping their nicotine content, a goal long sought by anti-smoking advocates that is unlikely to go into effect anytime soon. The proposed rule...
Having gotten predictions wrong in the recent past, the country’s egg farmers are being cautious in saying when they think the shortage of eggs will end. President of the Jamaica Egg Farmers Association Mark Campbell says he does not know when the...
AS Bryden and Sons Holdings Limited, ASBH, as the new majority owner of purveyor and food manufacturer Caribbean Producers Jamaica Limited, has made a mandatory offer for outstanding minority CPJ shares, but only intends to take up just over 51.78...
Automotive distributor Louis Industrial, LIG, is making a big push to further its Jamaican and regional business. The supplier of lubricants has announced a new partnership with the Orlen Group as sole distributor of its premium lubricants line....
Innovative Energy Group Limited, IEG, is targeting big market share gains in the commercial, residential and utility scale business segments as it projects over US$100 million in total revenues over the next five years. In announcing the target,...
A federal appeals court says the Securities and Exchange Commission of the United States, SEC, needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector — although the judges...
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday. Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs...
This year’s annual meeting of the World Economic Forum in Davos, where participants will address the theme of ‘Collaboration for the Intelligent Age’, comes at a critical juncture for the planet. Ecosystems are straining under the pressure of...
The administrator of the Panama Canal said on Friday that the vital waterway will remain in Panamanian hands and open to commerce from all countries, rejecting claims by United States President-elect Donald Trump that the United States should take...
GraceKennedy Limited has named Frank James as its new Chief Executive Officer (CEO) as it announced the retirement of Don Wehby from the post. In October last year, Wehby announced he was taking temporary leave from his role to focus on his health...
The deal to sell the NCB Jamaica subsidiary, NCB Cayman, has fallen through just about a year after it was first announced. In early February 2024, National Commercial Bank Jamaica Limited, NCBJ, announced the execution of a sale agreement with...
