Mon | Jan 17, 2022

Business


An employee of Appleton Estates addresses a tour group at the complex in St Elizabeth in January 2018. Appleton Estates is operated by J. Wray & Nephew Limited. More than half of the company’s rum workers participated in the Campari Group employee share

Jamaican employees emerged as the largest group outside of Italy to grab shares in the international take-up of the Campari Group share plan, proportionate to the size of the workforce. Just over half of all eligible workers at rum subsidiary J....
Fund Manager Justin Nam, Eppley Caribbean Property Fund.

Eppley Caribbean Property Fund is seeking properties suitable for business process outsourcing and hospitality businesses, further diversifying its commercial portfolio. Since its acquisition by Jamaican company Eppley Limited, more than three...

Despite a nine per cent increase in sales, government revenue from the gaming industry declined, albeit marginally, the latest quarterly report from the Betting, Gaming and Lotteries Commission, BGLC, shows. For the July to September 2021 period,...

Barita Investments Limited is reporting that is has financed a major property deal involving the acquisition of three technology-driven real estate services companies based in the United States, executed through Ecommerce Property Services Limited...

Pacific Airport Group, GAP, the Mexican owner of Jamaica’s largest international airports, wants a recalibration of deliverables under the concession agreements it has with the Government, following the halving of passenger numbers since the...

Tempering expectations around immediate diversification, Wigton Windfarm said on Wednesday that its plans for new revenue streams are not only dependent on the company, but the Jamaican Government, which controls the agenda for addition of...

The October lift-off of the Tourism Workers Pension Scheme, TWPS, got derailed by the pandemic, but now that it’s officially launched, fund administrator Guardian Life says it’s pulling out all stops to get as many workers on board. Over the next...

Delta Air Lines lost US$408 million in the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier predicted on Thursday that it will suffer one more quarterly loss before travel perks up in...

Mexican authorities said on Wednesday they are going to keep a close eye on Citigroup’s proposed sale of its Mexico subsidiary, Citibanamex, noting the transaction poses “delicate” regulatory issues. Citibanamex is Mexico’s third-largest bank and...

Monetary policy in most economies today is anchored by an explicit inflation target, because targeting price stability has served both developed countries and emerging markets well. Until pandemic-related disruptions to supply chains and labour...
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