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…
Category: Business & Economy
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…
Tourism travel surpasses 4m in 2023, beating expectation
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…
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…