China’s technology giant Alibaba on Thursday reported a 75 per cent drop in profit for the latest quarter as it invested big in artificial intelligence (AI) infrastructure, even as revenue coming from its…
Category: Business & Economy
Guardian approaches 80% settlement rate on Melissa claims
Regional insurance provider Guardian Holdings Ltd has settled more than 70 per cent of insurance claims arising from Hurricane Melissa, Group CEO Ian Chinapoo said last Friday. “So, as of June, we were…
Google unveils latest Pixel phones with slimmer cameras and more AI features
Google on Wednesday unveiled its latest line-up of Pixel phones, with slimmer cameras that include more a powerful zoom and artificial intelligence features designed to help users accomplish things with fewer taps and…
JMMB’s Sagicor stake earns more than its own business – and worth more than the entire company
JMMB Group Limited’s investment in Sagicor Financial Company (SFC) earned the group more money in the June first quarter than its own banking and securities operations, even though earnings fluctuate over the years….
Kingston air traffic grows while Montego Bay passenger volumes and Falmouth cruise arrivals lag
Airport and cruise arrivals to the island point to an uneven summer recovery. The Norman Manley International Airport (NMIA) in Kingston posted passenger growth in July, bucking a broader pattern of softness across…
Modular homes worth $3.1b arriving
Families displaced by Hurricane Melissa are set to receive modular homes as the bulk of 2,500 units purchased by the National Housing Trust (NHT) under a $3.1 billion emergency contract with Chinese firm…
Dolphin Cove seats new board members, as buyer takes control
Dolphin Cove Limited shareholders on Monday approved four new directors nominated by Global Attractions Limited, the Saint Lucia-based entity that agreed in July to acquire a 79.99 per cent stake in the Jamaican…
FSC’s Melissa claims backlog statement is opaque
The Financial Services Commission (FSC), Jamaica’s insurance regulator, has been publishing a full‑page advertisement in both daily newspapers since last Friday. It was issued jointly with the Insurance Association of Jamaica (IAJ), the…
Jamaica’s cocoa output halves as ageing trees drag production to new lows
Jamaica’s cocoa production has fallen to roughly half its recent output, constrained by an ageing tree stock and a greying farmer base. It has prompted calls to fast-track an ongoing national replanting programme….
IMF welcomes Dr Brian Langrin’s appointment as Bank of Jamaica governor
An International Monetary Fund (IMF) director has welcomed the appointment of Dr R. Brian Langrin as the governor of the Bank of Jamaica (BOJ). “We look forward to working closely with Governor Langrin…