The Real Estate Board of Jamaica, REB, says its still labouring to bring a number of licensees that, together, handle billions of dollars in sales annually, in line with laws that are meant…
Category: Business & Economy
First social IPO coming
The Private Sector Organisation of Jamaica, PSOJ, plans to list its charity Project STAR on the Jamaica Social Stock Exchange via an initial public offering set to raise $100 million. The social shares…
Sagility adds fifth outsourcing centre in Jamaica
Sagility LLC, formerly known as HGS Healthcare, has added a fifth call centre operation in Jamaica, having spent US$7 million on kitting out space in Angels, St Catherine, to accommodate local employees. The…
Caribcoin to be tested as currency for cross-border trade
Proponents of crypto assets are trying to make the case that trade among Caribbean countries can double from current levels of US$2 billion by adopting digital money as complementary currency for transactions. One…
Tumbling tickers
After enjoying two recent years as the best-performing stock index in the world, the Jamaica Stock Exchange (JSE) is now among the worst performers in 2023 with trading values at about two-fifths of…
Deal off!
iCreate founder Tyrone Wilson and Ideas Execution founder Kevin Frith are set to meet today in an effort to resolve some issues as iCreate’s pulled its planned acquisition of Frith’s firm. Wilson’s threat…
Unlocking the creative sector
The Inter-American Development Bank (IDB) is pursuing an ongoing mission to unlock the creative sector in Jamaica and the wider Caribbean by dismantling the barriers that stifle its economic and cultural impact. With…
Regional currency ‘Carib$’ readies pilot
Regional currency Carib dollar (Carib$) now awaits testing with pilot programmes scheduled to get underway in Jamaica and Barbados between the third to last quarter of this year. Speaking at a Caribbean Telecommunications…
New York City sues Hyundai, Kia after security flaw leads to wave of social media-fuelled theft
New York City has filed a lawsuit against Hyundai and Kia, joining a host of other cities beset by a social media-fuelled wave of car thefts due to a flaw that made some…
ICENS gives technical support for nuclear energy
THE team at the International Centre for Environmental and Nuclear Sciences (ICENS) is in full support of the move to explore nuclear energy generation but only as small nuclear reactors. Section head of…