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…
Category: Business & Economy
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…
‘We are more than mining’
“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…
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…