New Fortress Energy, NFE, supplier of nearly two-thirds of the energy powering Jamaica’s electricity grid, announced on Thursday the sale of its Jamaican assets and operations to Excelerate Energy Inc for US$1 billion….
Category: Business & Economy
Sisters bring Nitram residences to market on behalf of late father
A six-storey apartment complex recently completed on Upper Waterloo Road in Kingston has added 47 residential units to the housing stock, nearly two-thirds of which are already sold. The Nitram of Waterloo which…
US could run short of money to pay its bills by August
The United States is on track to hit its statutory debt ceiling – the so-called X-date when the country runs short of money to pay its bills – as early as August without…
Sygnus Real Estate looking beyond Jamaica in second investment round
Sygnus Real Estate Finance Limited, SRF, is aiming for investments outside of Jamaica as it gets ready for a new round of projects. Chief Investment Officer of Sygnus Group Jason Morris says that…
Private sector wooed to manage Tryall Beach
The Government of Jamaica wants private sector partners to manage and operate Tryall Beach in Hanover, which serves as a rest stop near a golf course. The beach spans approximately 200 metres and…
US threatens 25% tariff on countries that buy Venezuelan oil
President of the United States Donald Trump said on Monday he would be placing a 25 per cent tariff on all imports from any country that buys oil or gas from Venezuela, as…
Backlash as GOJ teases luxury resort by Israeli investors
An Israeli-led consortium plans to build a luxury resort in western Jamaica, but the Government of Jamaica’s endorsement of the investment has sparked online criticism. It comes amid Israel’s actions in Gaza, described…
Church’s Texas Chicken coming to Jamaica
Church’s Texas Chicken will be entering Jamaica’s quick-service restaurant market with its first store scheduled to open at Mall Plaza in Kingston in the third quarter of this year. The Church’s franchise is…
Fed leaves interest rate unchanged amid rising economic uncertainty
The United States Federal Reserve kept its benchmark interest rate unchanged Wednesday and signalled that it still expects to cut rates twice this year, though the outlook is more uncertain. The Fed also…
New Fortress to reduce Jamaica footprint
Regional natural gas supplier New Fortress Energy, NFE, reported losses of US$234 million for year ending December 2024 as it prepares to sell certain assets in Jamaica, Brazil, and its shipping charters to…