Derrimon Trading plans to sell a 12.36-acre parcel of land in Drax Hall, St Ann, to an entity managed by Different Capital at roughly 40 per cent below its independently appraised market value…
Category: Business & Economy
China memory chipmaker CXMT’s shares soar in blockbuster share listing in Shanghai
Shares of CXMT, China’s largest memory chipmaker, shot skywards on Monday as they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT’s shares surged 466 per…
Remittance market flattens, but provider MFS Capital aims to target underserved areas
Remittance inflows are flat amid fewer providers, but MFS Capital Partners aims to profit by securing licences to operate along key corridors. The company secured licences for remittance services at its new branch…
Kaya tests market with protein-infused beverages through Israeli partnership
NUGL, Inc, the operator of Jamaica’s Kaya cannabis brand, said it is testing the market uptake of protein-infused beverages in partnership with Israeli food technology company Cannibble Food-Tech Ltd. The pilot programme will…
Stocks are drifting on Wall Street and crude oil prices drop 6%
Stocks are drifting on Wall Street Monday and oil prices fell after the US and Iran paused their attacks while work resumed on restarting negotiations to end the war. The S&P 500 fell…
Telematics: How smart vehicle data can slash crashes, save lives, and insurance costs
The crash occurred around 7:45 a.m. on the North Coast Highway at Bogue Gate, Trelawny, when a Toyota Regius Hiace bus travelling toward St. Ann collided head-on with a 2010 Hino Dutro motor…
A $370 billion question: Who is Jamaica building?
Meet Samantha She’s 32, and part of a generation trying to stretch every monthly pay cheque and cover rent while helping ageing parents and relatives get by. She isn’t reading Integrity Commission or…
Hotel pipeline tops US$4.2b, but brand name projects face delays
Jamaica has facilitated more than US$4.2 billion in hotel investments through JAMPRO, but roughly 10 per cent of the pipeline remains delayed, including a Marriott-branded property in Trelawny. These projects – facilitated in…
UFC fighter Aljamain Sterling seeks US$1m to fund J’can rum venture
Professional mixed martial arts fighter Aljamain Sterling, the son of Jamaican expatriates, aims to raise up to US$1 million through a US securities crowdfunding offering to scale his brand, Funk Harbor Rum. “Every…
