The Ministry of Tourism plans to undertake a review of the Tourism Linkages Network, following revelations that the programme has not delivered on its core economic objectives. “The programme’s actual contribution to national…
Category: Business & Economy
IMF chief warns of economic uncertainty, tells the world to ‘buckle up’
The global economy is holding up better than expected despite major shocks, but the head of the International Monetary Fund says that resilience may not last. “Buckle up,” Managing Director Kristalina Georgieva said…
Lasco Financial lands government contract for SME financing
Lasco Financial Services Limited, LFSL, says it has clinched a government contract to provide financing routes for small and medium-sized enterprises under a public-private partnership arrangement. “We will be working with them (Jamaican…
Investment sector profits rise sixfold in June quarter
Higher income and trading gains led the securities sector to post a sixfold rise in profit during the June 2025 quarter, according to regulator Financial Services Commission. Licensed securities dealers collectively generated $6.51…
OpenAI and chipmaker AMD sign chip supply partnership for AI infrastructure
Semiconductor maker AMD will supply its chips to artificial intelligence company OpenAI as part of an agreement to team up on building AI infrastructure, the companies said Monday. OpenAI will also get the…
GDSS prepping for succession
After five decades at the helm of one of Jamaica’s private and community-rooted waste management companies, Dorothea Gordon-Smith is preparing to hand over the reins of Garbage Disposal…
Managing rising costs and profitability
QUESTION: I own a services business in Jamaica in a competitive space. I am centrally located. However, my landlord just notified me that the rent will increase, come January. Things are going up…
As outsourcing stalls, construction companies eyeing new growth sectors
With the outsourcing sector in Jamaica facing a level of uncertainty at this time, developers of real estate are putting their construction dollars towards space for other types of businesses. Dayton Wood, chairman…
Petrojam buying new crane to replace obsolete equipment
Petrojam Limited, operator of Jamaica’s state-owned oil refinery, is acquiring a new mobile crane. “The procurement opportunity is an urgent one,” said Elon Parkinson, communications manager at Petrojam. The crane, intended to arrive…
Colombia foreign minister renounces US visa as tensions escalate
Colombia’s foreign minister has “renounced” her US visa to protest a decision by the State Department of the United States to revoke the visa of Colombian President Gustavo Petro, the Colombian government said…