PRIME Minister Andrew Holness has carefully broached the contentious issue of foreign worker recruitment. During his speech at the unveiling of Pepsi-Cola’s new production line in Jamaica on Tuesday, he acknowledged the private…
Category: Business & Economy
Pension funds buy more property, stash cash as investment options become more challenging
Private pension funds continued to regain value, even as industry regulator Financial Services Commission, FSC, reported a dip in coverage by twenty-five basis points to 11.74 per cent of the working population in…
Jamaica Bauxite Mining positions for steep climb in limestone shipments
Jamaica Bauxite Mining Limited, JBM, expects to max out capacity at the Reynolds Pier if, as expected, limestone shipments volumes rise to 1.5 million metric tonnes, or six times their current levels. Once…
MFS seeks $300 million to close acquisitions
With an aim to acquire Micro-Financing Solutions (MFS) Limited by the end of 2023, MFS Capital Partners Limited is looking to raise $300 million as it seeks to establish a core business focus….
ChatGPT maker hosts first big tech showcase amid growing competition
More than 900 software developers and other attendees showed up on Monday to the inaugural developer conference for the artificial intelligence company behind ChatGPT, embracing a Silicon Valley tradition for technology showcases that…
Public exposure of secretive companies begins
As Jamaica heads towards the next round of assessments by watchdog Financial Action Task Force, FATF, in February, the Prime Contact Secretariat housed at Bank of Jamaica says Companies Office of Jamaica is…
High drug prices, brain drain hit pharma sector
The University of Technology Jamaica, which churns out the most trained pharmacists annually, is of the view that the numbers certified should be enough to serve the sector. But there is a rising…
Wi-Fi Router discord
CHINA-BASED Huawei Technologies said a vulnerability detected in one model of its Wi-Fi routers that exposes thousands of Jamaicans to a cyberattack was fixed as far back as in 2017, and added that…
Brokers raising margin loan rates
While inflation tapers off record highs and central banks continue to hold policy rates, brokerage firms continue to increase the heat on clients as they adjust margin loan rates upwards against the backdrop…
A woman of resilience
A fire in early January 2023 at the Salem, Runaway Bay, St Ann-based L&M Meats and Groceries Limited failed to shatter the resilience of Natalie Chen, who runs the business with her mother…