China announced a barrage of measures meant to counter the blow to its economy from the US trade war, as the two sides prepared for talks later this week. Beijing’s central bank governor…
Category: Business & Economy
Decision pending on second extension of Portland fund
With less than three months to go, there is no decision yet on whether there will be a second extension of the Portland Caribbean fund. The “limited partners – including PJX – had…
GraceKennedy piloting new organic fertiliser
GraceKennedy Limited is currently piloting a new organic fertiliser, which makes use of waste generated from its agro park operation in St Elizabeth. David Crum-Ewing, operations executive at GK Foods…
Skechers to be acquired for US$9b and taken private
The shoe company Skechers is being acquired for more than $9 billion and will be taken private by the investment firm 3G Capital. The deal comes amid growing uncertainty over how US tariffs…
Castor oil market seeking game changer in standardisation, GI designation
The Jamaican castor oil industry has not been able to shed the perception of being an enterprise for the ‘small man’, largely because the potential earnings mainly flow to counterfeit products on the…
Persad-Bissessar sworn in as PM, her second time as head of TT government
Kamla Persad-Bissessar created history on Thursday, when she took the oath of office, becoming the first woman to be sworn in as prime minister of Trinidad…
Jamaica Packaging close to tripling capacity with new factory
Backed by a big bank loan, Jamaica Packaging Industries Limited has upgraded its machinery and moved into new operating space that could see the company tripling its output. Country Manager Gary Cole said…
Air travel to Jamaica generates US$235m for GAP in 2024
Travel at the nation’s two busiest airports generated US$235 million in total revenue last year for the Pacific Airport Group, GAP, the Mexican airport operator’s newly released financials indicate. The outturn was 15…
Starbucks opens first 3D printed store in the US
There’s a new pour from Starbucks: Its first 3D printed store in the United States. The Seattle-based coffee giant with more than 17,000 locations nationwide has never had a store quite like the…
SVL enters bill payment market, wants to Evolve to the top
Armed with the approval of the central bank, entertainment company Supreme Ventures Limited has entered the bill payment market through its fintech arm, Supreme Ventures Fintech Limited. The service will be provided under…