Sat | Apr 10, 2021

Business

Natalie Haynes, deputy governor of the Bank of Jamaica.

Recognising that one of the greatest risks to the planned roll-out of the central bank digital currency, CBDC, is lack of interest and therefore, slow or no take-up by the public, the Bank of Jamaica, BOJ, is seeking to give assurances that the...

An interim receiver has been appointed by the courts over some Venezuelan assets in Jamaica at the request of ConocoPhillips as part of a long-running, multi-jurisdictional bid by the American oil giant to get compensation for the expropriation of...

Jerome Miles, general manager of Rainforest Seafoods.

With a cassava farm fully planted and supply contracts in hand from small farmers, seafood processor Rainforest is looking to export bammies, a food item that is most often paired with fish. It’s just one of the non-seafood products that the...

Cruise giant Carnival Corp said on Wednesday that it lost US$2 billion in the first quarter as its corner of the travel industry was still trying to overcome the lockdowns under the pandemic. Carnival said, however, that bookings have begun to pick...

Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by US$650 billion as a way to provide more support to vulnerable countries struggling to deal with a global...

The United States Federal Reserve officials were encouraged last month by evidence the US economy was picking up, but they showed no sign of moving closer to ending their bond purchases or lifting their benchmark short-term interest rate from...

Target will spend a total of more than US$2 billion at black-owned businesses by 2025 as part of its effort to advance racial equity. That’s a significant increase in overall spending on black-owned businesses, according to Target, though it...

Jamaica is forecast to leap over some of its regional peers next year, amid recovery from the coronavirus pandemic, new growth estimates released on Tuesday by the International Monetary Fund show. But this year, while the country is still expected...

Bank of Jamaica, BOJ, has ended the freeze on dividends, effective immediately, following a largely positive assessment of the financial system. The stay on dividends for financial years 2019 and 2020 affected shareholders with stakes above one per...

The Jamaican stock market made modest gains relative to its position a year ago, up four per cent on the main index and nearly six per cent for the combined indices at the end of the March quarter, but still has a steep climb back to its peak spot...
Subscribe to Business