Some 4.17 million visitors flocked Jamaica in 2023, which pushed the number of arrivals by plane and cruise ship to record levels, according to Ministry of Tourism estimates and new airport data. The…
Category: Business & Economy
Stock Round Up | 98 stocks traded today
The Jamaica Stock Exchange (JSE) Combined Index closed Friday regaining lost ground. The moderate trading ended with an advance/decline ratio of 40/50 The JSE Combined Index advanced by 2,814.35 points or 0.85 per…
Water utility targets resorts and schemes in decade-long revenue improvement plan
The National Water Commission, NWC, will seek to turn the tide on water wastage with a multiyear project aimed at conservation, and tapping into Jamaica’s thriving tourism sector and housing boom. It forms…
Wigton to repower its systems
Wind energy company Wigton Windfarm Limited is targeting March 2024 to commence the replacement of its aged-out collection of wind turbines installed in its early phase of operation two decades ago. Managing Director…
‘You need to pay’
DIGICEL chairman Denis O’Brien has called again for over-the-top (OTT) platforms such as Google / YouTube , WhatsApp , Netflix and Facebook to be made to share a portion of revenues generated in…
PriceSmart hiking membership fees
PriceSmart Inc ($PSMT) will be tacking on an extra US$5 in membership fees to its more than 1.82 million membership accounts during 2024, in a move which is likely to add an extra…
JSE initiatives fuel surge in young investors
YOUNG market investors are increasing, partly due to initiatives by the Jamaica Stock Exchange (JSE) aimed at boosting awareness and education in stock market investing. Since its introduction, the JSE has observed a…
Stocks Round Up | JSE combined index loses more ground
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday, losing more ground. The moderate trading ended with an advance/decline ratio of 40/50 The JSE Combined Index declined by 991.35 points or 0.30 per…
New US rule tightens worker classification standards
The Biden administration enacted a new labour rule on Tuesday that aims to prevent the misclassification of workers as ‘independent contractors’, a step that could bolster both legal protections and compensation for millions…
SEC approves new bitcoin funds in move that could spur more investment in the digital currency
NEW YORK (AP) — The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it is still deeply sceptical about cryptocurrencies and that its decision did…