Private equity firm Proven Investments Limited will sell at least half its stake in Access Financial Services to finance acquisition of more shares in JMMB Group during its pending offer to the public, the Financial Gleaner understands. Failure to participate in the JMMB offer could result in a dilution of

Few local businesses in urban centres have ever accessed a business loan or even have internet connectivity, according to new findings from the Jamaica Survey of Establishments conducted by the Statistical Institute of Jamaica (Statin) and published by the Planning Institute of Jamaica, PIOJ. The survey found that one

Prime Minister Andrew Holness has noted that the island’s infrastructure has become obsolete and is not able to withstand current weather events. “Jamaica is now experiencing longer and more intense periods of drought, followed by shorter and more vigorous rainfall in sections of the island that were previously not

The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry. The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half

KINGSTON, Jamaica — The Private Sector Organisation of Jamaica (PSOJ) says yesterday's strike action by some taxi operators and Jamaica Urban Transit Company (JUTC) bus drivers has exposed deficiencies in the country's public transportation system and resulted in the loss of productivity in the business sector. Hundreds of commuters were

KINGSTON, Jamaica – Three public transport vehicle operators with over 1000 tickets were convicted on Monday for breaches of the Road Traffic Act. Reports from the police are that the men were arrested in Kingston and St Catherine by the Public Safety and Traffic Enforcement Branch (PSTEB) on Friday, September

Newly selected International Monetary Fund (IMF) Managing Director Kristalina Georgieva arrives to speak at a press conference at the IMF headquarters on September 25, 2019, in Washington. (Photo: AFP) WASHINGTON, United States (AFP) — The International Monetary Fund on Wednesday formally selected Kristalina Georgieva of Bulgaria to be only the

KINGSTON, Jamaica — Keith Duncan, Group Chief Executive Officer, The JMMB Group, was today elected the 20th President of the PSOJ at a Council meeting held at the PSOJ's offices on Hope Road. Duncan succeeds Howard Mitchell who demitted the position after serving for two terms, 2017-2019. Joining Duncan are

The Jamaica Confederation of Trade Unions (JCTU) has added its voice to the ongoing debate over the issue of Jamaica adopting a policy of inward migration as an economic development strategy. JUTC President Helene Davis-Whyte pointed out that in the past the JCTU was concerned about outward migration and the

From left, Wilbert Spence, KPMG in Jamaica partner and head of corporate citizenship; Chris Brundrett, IFRS specialist; and Sandra Edwards, KPMG in Jamaica partner, listen intently to Dale Brown, IFRS specialist at the KPMG in Jamaica's Annual IFRS Update Seminar on Wednesday (September 18) at AC Hotel Kingston. International Financial