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Business

Jamaicans may soon be able to access the internet through satellite transmission, if the licence being sought by Starlink Services Jamaica Limited gets the nod from regulators. Starlink is operated by SpaceX, a company owned by American billionaire...

Barita Investments Limited has pumped another $1.3 billion into its real estate portfolio, concluding late last month another major property acquisition – the nearly 1,000-acre Green Castle Estate on the St Mary coastline, adding to the stock...

Derrimon Trading Group is now undertaking due diligence on a foreign company it was eyeing three months ago for possible acquisition. Its talks continue with the United States-based retail and distribution company, but Chief Financial Officer Ian...

Financial markets’ reaction to the US Federal Reserve’s latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed is the world’s most systemically important central bank, this is...

The Bank of England took emergency action Wednesday to stabilise United Kingdom financial markets and head off a crisis in the broader economy after the government spooked investors with a programme of unfunded tax cuts that sent the pound tumbling...

The Bank of Jamaica, BOJ, will make its next monetary policy announcement on Thursday, having already raised by 550 basis points since late September last year, its benchmark policy rate paid on cash which deposit-taking institutions park at the...

Renewable energy firm Soleco Limited will build two solar plants, totalling a combined 11.25MW, under separate projects for large industrial clients CB Group and the Jamalco alumina refinery. The larger plant with a capacity of 9.2MW will be...

The real estate assets held by hospitality and modelling company Pulse Investments Limited are slated to grow by one-third with the ongoing additions to its Villa Ronai development. “The high end of the Villa Ronai valuation could be in excess of $...

As part of efforts to greater diversify its revenue streams, financial conglomerate JMMB Group has put in motion plans to deepen its business with the SME sector and will simultaneously make its entry into the commercial real estate market. The...

The International Monetary Fund said Tuesday that economic growth is projected to be 57.8 per cent this year for Guyana as the country continues to shake off the effects of the coronavirus pandemic-induced recession in 2020, amid protracted...
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