The first of five new production lines being installed under a multibillion-dollar expansion project by beverage manufacturer and consumer products distributor Wisynco Group Limited, was commissioned into operation on Tuesday. The new sweet-…
Category: Business & Economy
Expect delays
CONSUMERS shipping packages through local courier companies are likely to experience delays over the upcoming festive season, as couriers grapple with pressures from a surge in e-commerce volumes extending from the Black Friday…
Digicel Group appoints new chairman
Digicel Group has announced the appointment of Rajeev Suri as chairman designate of the telecommunications and digital services conglomerate, which operates in 25 markets across the Caribbean and Central America. Suri will replace…
Mastercard touts rise in card payments across LAC
FLORIDA, United States — Despite an uptick in digital payment solutions, global technology company Mastercard has said that the use of cards for purchases continue to rise among customers in Latin America and…
OECD: World economy will slow next year due to inflation, high rates and war
The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organisation for Economic…
Gas prices up $0.25, diesel down $3.06
Motorists will pay $0.25 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $171.35 per litre while a litre of E-10…
Ex-Nokia boss Rajeev Suri appointed Chairman of Digicel Group
India-born Singaporean business executive Rajeev Suri has been appointed Chairman of the Digicel Group. Suri, a former president and chief executive officer of Nokia, replaces Denis O’Brien, who will continue on the board…
Citrus supplies under pressure
Juice maker Trade Winds Citrus Limited says fruit supplies continue to fall, affecting both local supplies and exports. The volumes of citrus sold by the company was down nine per cent last year,…
JPS to develop three renewable energy plants
Power utility Jamaica Public Service Company, JPS, plans to add nearly 300 megawatts of energy to the national electricity grid in support of the government’s 50 per cent renewable energy target. It has…
MFS pursues private credit opportunities
D espite still being in the process of finalising its first acquisition since listing on the Jamaica Stock Exchange (JSE), MFS Capital Partners Limited is moving ahead with plans to capitalise on private…
