Transport company Knutsford Express Services Limited is reforming its passenger processing and boarding procedures, using a model that partly mimics airport logistics, inclusive of departure gateways. The company has also added ticket-checking…
Category: Business & Economy
BOJ going all out for Jam-Dex success
The Bank of Jamaica (BOJ) is currently working to modify the existing payment infrastructure to create a more accommodating environment for the acceptance of Jam-Dex (Jamaica Digital Exchange), Jamaica’s central bank digital currency…
Inflation soars to 10-month high on rising transport costs
Higher rates for passenger transport services pushed inflation to a 10-month high at 6.9 per cent for the year spanning December 2022 to December 2023. This is the highest inflation has been measured…
Consumers buoyant but businesses cautious
An uptick in consumer confidence and a less-than-optimistic outlook on the local economy amongst business leaders were the highlights of the Jamaica Chamber of Commerce Business & Consumer Indices webinar on Tuesday, which…
Deadline extended for investor interest in 100MW renewable energy project
Jamaica’s Generation Procurement Entity (GPE), the entity responsible for leading the charge to get investments in power generation, has extended the timeline for companies to submit bids to supply 100 megawatt (MW) of…
Courtleigh Hotel’s redevelopment totals US$2m; more locals being targeted
Founder of the Courtleigh Hospitality Group Kevin Hendrickson has invested US$2 million in the renovation and rebranding of the Courtleigh Hotel and Suites on Knutsford Boulevard in New Kingston. The hotel, which was…
Chinese auto exports up 64% with strong push by EVs
China’s auto exports surged 63.7 per cent in 2023, while domestic sales, boosted by year-end incentives, rose 4.2 per cent, an industry association has said. The surge in exports, to 4.1 million according…
Ciboney transitioning to energy market under new owner
Fresh from the yes votes at its recent annual general meeting, Ciboney Group is undergoing a transformation that will see the shell of what was once a resort business being repositioned and renamed…
Scotia commits to extending opening hours to make up for ABM issues
Scotiabank has committed to keeping the doors of its full-service branches open for an extra hour-and-a-half once per week, as it seeks to make amends with disgruntled customers who have experienced challenges at…
BOJ to introduce e-KYC this year
The Bank of Jamaica (BOJ) is planning to introduce an electronic know your customer (e-KYC) database later this year in a bid to spur further competition in the commercial banking sector. This was…