Businessman and hotelier Elias ‘Lee’ Issa has received approval from the National Environment and Planning Agency, NEPA, to construct a multi-family development in Negril. While details on the project are sparse, the approval…
Category: Business & Economy
Meta turning to nuclear power for AI needs
Meta Platforms has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company. The investment with Meta will also…
Bullish on minerals
Companies prospecting for minerals in Jamaica are optimistic that they will find gold and copper in viable quantities, similarly to how gold was found in neighbouring Dominican Republic and is contributing significantly to…
VMIL inks loss but cuts debt
VM Investments Limited, VMIL, reported losses for the March first quarter amid global tensions, but deleveraged in the process. The loss of $32.5 million, compared to profit of $510 million a year earlier,…
Judge wrestles with far-reaching remedy in Google antitrust case
The fate and fortunes of one of the world’s most powerful tech companies now sit in the hands of a United States judge wrestling with whether to impose far-reaching changes upon Google in…
GK touts digital business to counter costs and expand
After posting strong performances in most of its operating segments, and for the group overall, GraceKennedy Limited is moving to address the continuing decline in profit from money services. While the food division,…
Call for greater investment in forestry for local lumber use
Despite the dominance of imported lumber for use in the construction and furniture industries in Jamaica, the use of local lumber continues to a small extent, particularly in the craft sector, as well…
Footeprints repositions as luxury after rebranding
The former Foote Prints on the Sands hotel is reopening with a new name and new design, and is going after a different clientèle. “It’s going to be more upscale; it’s going to…
Moon Palace set to build Jamaica’s tallest hotel
Puerto Caribe Properties Limited plans to build one of the tallest structures in Jamaica at Secret Estate, Rose Hall, which will operate under the Moon Palace brand, document filings and sources have revealed….
Musk criticises Trump’s ‘big beautiful bill’
Elon Musk is criticising the centrepiece of United States President Donald Trump’s legislative agenda, a significant fracture in a partnership that was forged during last year’s presidential campaign. The billionaire entrepreneur, who supported…