The Jamaican government will be giving early consideration to extending the concession agreement under which the Sangster Airport is managed. The concession, lasting 30 years, is due to expire by 2034. The Montego…
Category: Business & Economy
Commercial centre, hotel proposed for Caymanas Park
Supreme Ventures Limited, SVL, intends to transform Caymanas Park into a diverse complex that’s centred around horse racing but offers other amenities off which it can make money. Its plan includes the development…
Tesla sales plunge again
Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away, a significant development given expectations that anger with the…
Airport passenger fees to gradually increase
New five-year spending plans for Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston indicate that Jamaica’s two largest airports will invest more than US$200 million in their operations,…
Developer urges NHT to spend more on inner-city housing
Real estate developer Michael Lake wants the National Housing Trust, NHT, to do more for the transformation of the inner-city communities of Kingston. Lake, a former chairman of the Jamaica Developers Association, JDA,…
New player El Mini enters truck dealership market with Chinese brand
Husband-and-wife team Mickoy Holness and Nickeisha Horne Holness have entered the truck dealership market as representatives of a Chinese brand. Holness, who has two decades of experience in trucking, said he was approached…
Yaneek Page | Content creation is not begging, it’s big business
QUESTION: Can Jamaicans really make money from creating content? BUSINESSWISE: Every week, at least one Jamaican asks me the same thing: How do I make money online from content? It has become the…
SVL wants to take over ownership of Caymanas Park
Supreme Ventures Group is putting US$100 million, or $16 billion in local currency, towards upgrades for Caymanas Park, the home of horse racing in Jamaica. But SVL Group Executive Chairman Gary Peart said…
Shortage of approved auditors delaying pension plan filings to FSC
Pension plans are not being audited in a timely manner due to a shortage of auditors approved by the Financial Services Commission, FSC, for what is a specialised task, the top spokeswoman for…
Getty drops copyright allegations in UK lawsuit against Stability AI
Getty Images dropped copyright infringement allegations from its lawsuit against artificial intelligence company Stability AI as closing arguments began Wednesday in the landmark case at Britain’s High Court. Seattle-based Getty’s decision to…