Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $1.30 to sell for…
Category: Business & Economy
PriceSmart dives on massive fourth-quarter miss
PriceSmart Inc’s (PSMT) stock price dove 13 per cent last Tuesday from US$71.67 to US$62.49 as its fourth-quarter consolidated net profit dropped 34 per cent from US$23.30 million to US$15.38 million due to…
‘Open that door’
THE calls are getting louder from private sector individuals for the Government to start taking steps to mitigate an impending labour crisis that could emerge from the tightening job market with unemployment at…
If not now, eventually
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…
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…