“Business opportunities are like buses; there’s always another one coming.” This quote from British billionaire Richard Branson, the chairman of the Virgin Group, prominently displayed on the website of Jamaica Bauxite Mining Limited…
Category: Business & Economy
Souvenir sellers banned from Brooklyn Bridge
Visitors to New York City hoping to take home a souvenir from the Brooklyn Bridge will now have to settle for a photograph, as vendors are about to be banned from the iconic…
Gas and diesel prices going down $3.06
Motorists will pay less for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $3.06 to sell for $165.40 per…
Sagicor Group announces Panama entry
Sagicor Group Jamaica Limited (SJ) has started 2024 with a splash, announcing on Monday that its Costa Rican joint venture had acquired Sagicor Panama SA in the latest move towards growing its regional…
IEC inks strategic partnership deal with Huawei
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…
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…