THE VM Building Society (VMBS) on Friday reopened its network of automated banking machines (ABMs) for public use, after last month announcing a temporary closure of the banking kiosks. “We’re pleased to have…
Category: Business & Economy
Hotels hit pause on day passes
AS families gear up for festive getaways during Christmas and new year, a surprising twist awaits those relying on day passes for hotel experiences. Many hotels are putting a temporary halt on the…
From Trinidad to Jamaica
IT has been a year since Michelle Sohan and her partner, Justin Marchack, established their business Treatz Bakehouse and Café (Treatz) at The Annex in Fairview, Montego Bay. The Trinidadian couple’s move to…
MPC Caribbean reorganisation pushed back to 2024
Shareholders will have to wait an extra quarter for the reorganisation of MPC Caribbean Clean Energy Limited (MPCCEL) to be completed due to the complexity of the restructuring. Shareholders voted at the company’s…
High-stakes meeting to discuss US$4b hotel investments
Experts will meet with state technocrats today to discuss the implications of raising the island’s hotel room count to 50,000 rooms in five years. The island will benefit from some US$4 billion in…
CyberEYE enters Jamaican market
The entrance of Caribbean company CyberEYE into the local market is seeking to add another layer of security and protection in Jamaica’s fight against rising cyber incidents. This was disclosed at the recent…
‘We are open for business’
THE United States International Development Finance Corporation (DFC) said it is ‘open for business’ in the Caribbean and will open an office in the region to mobilise capital to the private sector while…
New fin-sec regulatory model set for full implementation in 2025
Deputy Governor of the Bank of Jamaica (BOJ), Wayne Robinson, says legislation for the new ‘twin peaks’ model of the financial system regulation is not expected to land in Parliament before 2025. The…
‘It will improve security of supplies’
BUYING House Limited, the St James-based distributor of cement, said the recent expansion of production by its parent company Domicem SA will put it in a better position to meet demand in the…
Renovations boost Grand Palladium Resorts’ revenue
GRAND Palladium Jamaica Resort & Spa, along with its counterpart, Grand Palladium Lady Hamilton Resort & Spa Hotel, have experienced a remarkable 15 per cent increase in revenues for its local market after…
