Semiconductor maker AMD will supply its chips to artificial intelligence company OpenAI as part of an agreement to team up on building AI infrastructure, the companies said Monday. OpenAI will also get the…
Category: Business & Economy
GDSS prepping for succession
After five decades at the helm of one of Jamaica’s private and community-rooted waste management companies, Dorothea Gordon-Smith is preparing to hand over the reins of Garbage Disposal…
Managing rising costs and profitability
QUESTION: I own a services business in Jamaica in a competitive space. I am centrally located. However, my landlord just notified me that the rent will increase, come January. Things are going up…
As outsourcing stalls, construction companies eyeing new growth sectors
With the outsourcing sector in Jamaica facing a level of uncertainty at this time, developers of real estate are putting their construction dollars towards space for other types of businesses. Dayton Wood, chairman…
Petrojam buying new crane to replace obsolete equipment
Petrojam Limited, operator of Jamaica’s state-owned oil refinery, is acquiring a new mobile crane. “The procurement opportunity is an urgent one,” said Elon Parkinson, communications manager at Petrojam. The crane, intended to arrive…
Colombia foreign minister renounces US visa as tensions escalate
Colombia’s foreign minister has “renounced” her US visa to protest a decision by the State Department of the United States to revoke the visa of Colombian President Gustavo Petro, the Colombian government said…
National Rums get temporary relief in industry fight
Rum makers will return to court next February to battle over the definition of Jamaican rum, following a Supreme Court ruling that gives National Rums of Jamaica Limited, NRJ, temporary relief. On September…
Fesco to add four more gas stations to network
Future Sources Energy Company Limited, which trades as Fesco, will add at least four new service stations to the network by December 2026. The investment will range from $700 million to $1 billion…
New marijuana drug effective at reducing back pain, study finds
An experimental medication made from marijuana successfully reduced back pain in a new study, offering further support for the drug’s potential in treating one of the most common forms of chronic pain. The…
BOJ maintains policy rate at 5.75 per cent
The Bank of Jamaica (BOJ) has announced it is holding its policy rate at 5.75 per cent per annum. It says during meetings on September 25 and 26, its Monetary Policy Committee (MPC)…