The country’s lone cinema operator Palace Amusement Limited has said it is pleased with the return to work of Hollywood actors, who after weeks of staying off the job have cast a shadow…
Category: Business & Economy
Summerhouse restaurant bringing old world hospitality to customers
WHEN Michelle and Suzanne Rousseau, siblings and co-owners of the Summerhouse restaurant, decided to open a second location for the business in 2020, they ran head-on into the COVID-19 pandemic. The global health…
Holness: Labour shortage a national emergency
Prime Minister Andrew Holness has described as a ‘national emergency’ the need to reach out to Jamaica’s human resources who are outside the formal labour force, given evidence of a labour shortage. He…
General Motors autonomous vehicle unit recalls cars for software update after dragging a pedestrian
General Motors’ Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after one of them dragged a pedestrian to the side of a San Francisco street in early…
Gas and diesel prices going down
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…
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…