The former Foote Prints on the Sands hotel is reopening with a new name and new design, and is going after a different clientèle. “It’s going to be more upscale; it’s going to…
Category: Business & Economy
Moon Palace set to build Jamaica’s tallest hotel
Puerto Caribe Properties Limited plans to build one of the tallest structures in Jamaica at Secret Estate, Rose Hall, which will operate under the Moon Palace brand, document filings and sources have revealed….
Musk criticises Trump’s ‘big beautiful bill’
Elon Musk is criticising the centrepiece of United States President Donald Trump’s legislative agenda, a significant fracture in a partnership that was forged during last year’s presidential campaign. The billionaire entrepreneur, who supported…
Jamaica essential oils still on a learning curve
The Jamaica Business Development Corporation, JBDC, has carried out tests on almost 30 different plant materials over the past two years, with a view to producing essential oils locally for a worldwide market…
Seprod profit dragged by expenses, debt servicing
Seprod Limited reported significant revenue growth in the first quarter ended March 2025, but expenses and finance costs put a damper on profits at the distribution and manufacturing conglomerate. Net profit and earnings…
Troubled automaker Nissan banks on hybrid EV technology
Money-losing Japanese automaker Nissan is banking on its latest ‘e-Power’ technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota…
Cedric Stephens | Road accidents: The untold story of ganja, alcohol effects
The Gleaner’s May 14, 2025 story, ‘PAHO/WHO, National Safety Council Donate Breathalysers’ influenced today’s article. It sparked two questions that life and non-life insurance companies, policymakers, the opposition party, religious and other…
Calls for overhaul to motor vehicle repairs in Jamaica
There have been calls for the motor vehicle repair sector in Jamaica to be overhauled in light of the influx of Chinese vehicles to the island as well as the interest generated by…
Jamaica returns to growth
Jamaica’s economy grew 0.8 per cent in the March 2025 quarter, marking its exit from technical recession. The Planning Institute of Jamaica, PIOJ, the agency that released the figures, remains cautious on uncertainties…
Byles pleads with banks to be magnanimous on interest rates
Following a further reduction in its policy rate, the Bank of Jamaica, BOJ, is again urging commercial banks to reduce their lending rates to their customers. The BOJ has lowered the cost of…