For the first time in the United States, turbines are sending electricity to the grid from the sites of two large offshore wind farms. The joint owners of the Vineyard Wind project, Avangrid…
Category: Business & Economy
Stocks Round Up | JSE begins week on winning note
The Jamaica Stock Exchange (JSE) Combined Index closed Monday on a winning note. The moderate trading ended with an advance/decline ratio of 52/41. The JSE Combined Index Combined Index declined by 235.55 points…
Sangster airport operator inks $1b solar deal with energy company IEC
MBJ Airports Limited, which manages the Sangster International Airport in Montego Bay, says it has contracted renewable energy firm Innovative Energy Company, IEC, to install a 5.7 megawatt solar power plant along with…
New cars hit top gear as pre-owned market runs out of gas
With only a month of outstanding data left to close the year on reports from the Port Authority of Jamaica on auto imports, used-car dealers are singing the blues while new-car dealers are…
No more references
JAMAICANS willl have greater ease to access the financial system in 2024 as the financial regulators have removed the mandatory requirement for two references to open and maintain a financial account. This development…
Ten biggest companies on JSE in 2023
As we reflect on the year 2023, we’ll be analysing the 10 largest companies on the Jamaica Stock Exchange (JSE) by market capitalisation. 1) Sagicor Group Jamaica Limited (SJ): market capitalisation $186.49 billion;…
JamTeas exiting real estate to focus on core business
Hot beverage manufacturing company Jamaican Teas Limited is walking away from real estate. This as a softening of the real estate market, slow sales and construction delays have dimmed prospects on its Belvedere…
Jamaica keen to track online trade
Tax Administration Jamaica and Bank of Jamaica, BOJ, which regulate various aspects of commerce, want to know more about your online Christmas shopping. It forms part of a wider effort to get more…
$90b lost in 2023
JAMAICAN stocks fell for a second year in a row in 2023, shedding almost $90 billion in value across both the main and junior markets as investors, stung by a decade high inflation…
NCB Financial adds former bank CEO to board
NCB Financial Group Limited (NCBFG) has added Gary W Brown to its subsidiary board as lead independent director, Professor Alvin Wint is set to retire from the company’s board next month. Brown joined…