Juice maker Trade Winds Citrus Limited says fruit supplies continue to fall, affecting both local supplies and exports. The volumes of citrus sold by the company was down nine per cent last year,…
Category: Business & Economy
JPS to develop three renewable energy plants
Power utility Jamaica Public Service Company, JPS, plans to add nearly 300 megawatts of energy to the national electricity grid in support of the government’s 50 per cent renewable energy target. It has…
MFS pursues private credit opportunities
D espite still being in the process of finalising its first acquisition since listing on the Jamaica Stock Exchange (JSE), MFS Capital Partners Limited is moving ahead with plans to capitalise on private…
New turmeric-ginseng tea hits the market
THE first locally manufactured tea with ginseng has hit the market. Shavuot International raised the curtain on its latest masterpiece, “Boost” tea, at an exclusive product launch event last Friday in St Mary….
Flow Foundation powers up community connectivity through Mission Week
The Flow Foundation, in a significant stride toward enhancing internet accessibility, has gifted high-speed broadband connections to several community institutions as part of its Mission Week 2023 efforts. Bellevue Hospital in Kingston, Cross…
Protesters board deep-sea mining ship
Greenpeace activists have boarded a deep-sea mining ship in the Pacific Ocean between Hawaii and Mexico and say they’ll stay to protest exploration the ship is conducting to support activity that would destroy…
Unlocking real estate for every budget
EXPLORING real estate as an investment goes beyond the conventional path of purchasing a house, according to Peter Thompson, group chief client investment officer at JMMB. In an interview with the Jamaica Observer,…
BOJ to roll out cybersecurity framework for financial sector
BANK fraud is on the decline, at least up to November 2022 when data on fraud activities were last published by the Bank of Jamaica (BOJ). The success stems from a mix of…
JBM searching for joint venture financing for $4b projects
Jamaica Bauxite Mining Limited, JBM, is moving ahead with two of its commercial projects that have been in the works for a while, with a search for joint venture financing partners now under…
Amber Connect launches in Mideast via Dubai
Technology company Amber Connect has set up shop in Dubai in the United Arab Emirates. The office, with an initial staff of 10 and an investment of US$500,000, will act as regional headquarters…