Category: Business & Economy

A business to be spun off by General Electric will build hundreds of turbines for what will be the largest wind project in the Western Hemisphere, part of a massive equipment order and…

Consumers are more confident, but businesses are more cautious, new data released on Tuesday shows. Consumer confidence grew to 174.7 points in the fourth quarter of 2023, which was 8.5 per cent higher…

Transport company Knutsford Express Services Limited is reforming its passenger processing and boarding procedures, using a model that partly mimics airport logistics, inclusive of departure gateways. The company has also added ticket-checking…

The Bank of Jamaica (BOJ) is currently working to modify the existing payment infrastructure to create a more accommodating environment for the acceptance of Jam-Dex (Jamaica Digital Exchange), Jamaica’s central bank digital currency…

Higher rates for passenger transport services pushed inflation to a 10-month high at 6.9 per cent for the year spanning December 2022 to December 2023. This is the highest inflation has been measured…

An uptick in consumer confidence and a less-than-optimistic outlook on the local economy amongst business leaders were the highlights of the Jamaica Chamber of Commerce Business & Consumer Indices webinar on Tuesday, which…

Jamaica’s Generation Procurement Entity (GPE), the entity responsible for leading the charge to get investments in power generation, has extended the timeline for companies to submit bids to supply 100 megawatt (MW) of…

Founder of the Courtleigh Hospitality Group Kevin Hendrickson has invested US$2 million in the renovation and rebranding of the Courtleigh Hotel and Suites on Knutsford Boulevard in New Kingston. The hotel, which was…

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…

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…