Urban Development Corporation, UDC, is selling lands worth about $12 billion to drive the Caymanas Commercial Development project at Ferry, St Catherine. The divestment includes about 104 acres of land split into 68…
Category: Business & Economy
Jamaican workforce needs STEM, says Allen
More than half of Jamaica’s workforce needs to get certified in STEM disciplines to maintain global competitiveness, a local edutech entrepreneur has said. STEM is short for science, technology, engineering, and mathematics. “It’s…
AI taking the jobs of ‘agents’, not professionals, says expert
A globally recognised expert on artificial intelligence says the new technology will not take the jobs of professionals – not right away – but is taking on the tasks normally done by agents,…
Jamaican gov’t to sell stake in highway operator TransJamaican
The Government of Jamaica will be offloading its $10-billion stake in TransJamaican Highway Limited, operator of the Highway 2000 East-West toll roads, and divesting outsourcing assets held by the Port Authority of Jamaica…
Netflix bet on live events helped reel in 19m more subscribers
Netflix added nearly 19 million subscribers during the holiday-season quarter to help propel its earnings beyond analysts’ projections, capping the video-streaming service’s best year yet, in a sign that its expansion into live…
Worthy Park now a 10-farm operation
Sugar producer Worthy Park Estate Limited is projecting output of more than 250,000 tonnes of cane from its own fields and contracted farmers for the 2025 crop year, the fruit of its continuing…
Barita mulling commercial bank
Barita cleared another hurdle on Monday when it when it got shareholder approval for a new scheme of arrangement that will see its reorganisation and formation into a financial holding company to be…
Billionaires’ wealth soared in 2024, Oxfam reports ahead of Davos forum
Billionaires’ wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering…
New scanners at hospitals said unlikely to impact private market
A major private player in the medical imaging space remains optimistic that the pending addition of 16 new medical imaging devices across public facilities won’t significantly impact earnings. That’s because facilities are still…
Dairy sector aiming to double milk production by or before 2030
The dairy sector is aiming to double the output of milk from Jamaica in the next three to five years, with at two of Jamaica’s large dairy producers at the forefront of the…