Business

Sygnus Real Estate Finance obtains $3.2 billion in financing to complete 'One Belmont' project 5:40 pm

After falling short at securing the expected $4 billion capital raise through its just closed initial public offering (IPO), Sygnus Real Estate Finance Limited (SRF) has successfully secured $3.2 billion in financing for its “One Belmont” commercial development...

Barita raises $10 billion targeted in just-closed APO 5:40 pm
Barita Investments Limited has successfully raised the $10 billion initially sought after in its additional public offering (APO) of shares, which closed on Wednesday last as scheduled.

Mid-year mark: Remittances pass US$2-billion threshold 5:40 pm
The Bank of Jamaica (BOJ), in its latest remittance report, is indicating that overall remittance inflows for the January to July 2021 period into Jamaica totalled US$2.028 billion.

Mid-year mark: Remittances pass US$2-billion threshold

Friday, September 24, 2021

The Bank of Jamaica (BOJ), in its latest remittance report, is indicating that overall remittance inflows for the January to July 2021 period into Jamaica totalled US$2.028 billion.

Suriname going big with solar floating photovoltaic energy

Friday, September 24, 2021

Suriname is going big on solar with plans of developing solar floating photovoltaic (FPV) energy.

Eyes on Africa

Friday, September 24, 2021

Africa is being eyed as the next big source market for tourists to Jamaica as the industry seeks to diversify beyond traditional markets in North America and Europe.

Energy giants ramp up operations in Caribbean basin

Friday, September 24, 2021

WITHIN the last month, global energy companies British Petroleum, ExxonMobil and TotalEnergies have ramped up operations in their respective oil and gas fields following discoveries from prospecting activities.

First Rock co-founder defends decision to incorporate businesses overseas

Friday, September 24, 2021

Co-founder of First Rock Capital Holdings Ryan Reid has defended his decision to register entities overseas, noting that the process still presents more pros than cons. This despite revisions to the International Business Company (IBC) Acts in countries like St Lucia and...

China's tech self-reliance plans hurt growth — business group

Thursday, September 23, 2021

BEIJING, China (AP) — The ruling Communist Party's campaign to tighten control over China's industries and use less foreign technology is slashing economic growth, a foreign business group warned yesterday.

Bartlett seeks critical meetings in US, Canada

Thursday, September 23, 2021

A delegation comprising Edmund Bartlett, Jamaica's tourism minister, along with other senior tourism officials are now in the US to participate in a series of meetings aimed at increasing arrivals from that market. The delegation will also visit Canada to do the same. The officials will...

Shipping companies haul in record profits

Wednesday, September 22, 2021

Despite the impact of the novel coronavirus pandemic on the shipping industry, resulting in supply chain disruptions and high freight rates, many of the world's largest shipping lines are reporting record earnings.

Listed Equity Fund prices underperforming despite recovery in NAVs

Wednesday, September 22, 2021

THE economic turbulence triggered by the novel coronavirus pandemic has weighed on the performance of locally listed closed-ended funds (CEF), which have been among the most severely affected equities on the Jamaica Stock Exchange (JSE).

FirstRock Private Equity acquires stake in Bahamian company

Wednesday, September 22, 2021

Private equity firm FirstRock Private Equity Limited, out of Barbados, has entered into a definitive agreement with Bahamian manufacturer and retailer My Ocean Limited to purchase a minority interest in the company.

Another BPO opens in Jamaica

Wednesday, September 22, 2021

Business process outsourcing (BPO) company Iterum Connections has become the latest such entity to officially open in Jamaica, the second in two weeks.

Chinese builder's debt struggle rattles investors

Wednesday, September 22, 2021

BEIJING, China (AP) — Global investors are watching nervously as one of China's biggest real estate developers struggles to avoid defaulting on tens of billions of dollars of debt. That's fueling fears of possible wider shock waves for the Chinese financial system. Chinese...