INNOVATIVE Energy Company (IEC) Limited (formerly IEC SPEI Limited) has inked a partnership deal with Chinese technology company Huawei that will see both companies collaborating on the implementation of several solar energy projects…
Category: Business & Economy
Two more dry years projected for stocks
The combined indices of the Jamaica Stock Exchange, JSE, will likely struggle for two more years to 2025, which is the expected timeline for a smooth landing from the reduction in interest rates…
CHEC to build over 800 residences on historic Mammee Bay property
China Harbour Engineering Company, CHEC, will be constructing a gated residential complex at Mammee Bay, St Ann, on lands revered for its rivers and ancient indigenous settlements, according to an environmental impact assessment…
Flood damage insurance payout gins up interest in microinsurance says RADA
Winston Simpson, CEO of the Rural Agricultural Development Authority, RADA, says farmers who at first were sceptical about crop insurance have become more bullish since the recent rains after the payments arrived from…
Housing inventory static as mortgage volumes decline
Mortgage volumes are on the decline according to the Planning Institute of Jamaica. Meanwhile, the Developers Association is citing an overhang in construction units that are unsold on the market. Housing completions by…
Hogwash!
MEMBERS of the small business community in the country have poured cold water on statistics coming out of J.E.T.S. Limited, the operator of the MultiLink payment system, that state that up to 95…
Spending ramped up during the holiday
JAMAICANS ramped up sending this holiday season, conducting just under $40 billion worth of transactions even as many were still wrestling with higher prices in some areas and other financial worries, according to…
Settlement bonanza
FORMER NCB Financial Group executives Patrick Hylton and Dennis Cohen are now amongst the financial conglomerate’s largest shareholders in the aftermath of their $6-billion separation package from the company earlier this year. The…
Remittance market still soft, companies jockeying for business
MoneyGram’s super-agent in Jamaica, Lasco Financial Services Limited, has faced several headwinds. Higher MoneyGram commissions led to declining revenue per transaction, during Lasco’s past financial year, although remittance volumes increased by…
Tropical Battery’s expansion yields record-breaking revenue
TROPICAL Battery Company Limited’s recent expansion into the Dominican Republic’s market has yielded record-breaking results, with a gross operating revenue of $782.8 million over the past nine months. This figure represents an 18.3…