The Jamaica Business Development Corporation, JBDC, has carried out tests on almost 30 different plant materials over the past two years, with a view to producing essential oils locally for a worldwide market…
Category: Business & Economy
Seprod profit dragged by expenses, debt servicing
Seprod Limited reported significant revenue growth in the first quarter ended March 2025, but expenses and finance costs put a damper on profits at the distribution and manufacturing conglomerate. Net profit and earnings…
Troubled automaker Nissan banks on hybrid EV technology
Money-losing Japanese automaker Nissan is banking on its latest ‘e-Power’ technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota…
Cedric Stephens | Road accidents: The untold story of ganja, alcohol effects
The Gleaner’s May 14, 2025 story, ‘PAHO/WHO, National Safety Council Donate Breathalysers’ influenced today’s article. It sparked two questions that life and non-life insurance companies, policymakers, the opposition party, religious and other…
Calls for overhaul to motor vehicle repairs in Jamaica
There have been calls for the motor vehicle repair sector in Jamaica to be overhauled in light of the influx of Chinese vehicles to the island as well as the interest generated by…
Jamaica returns to growth
Jamaica’s economy grew 0.8 per cent in the March 2025 quarter, marking its exit from technical recession. The Planning Institute of Jamaica, PIOJ, the agency that released the figures, remains cautious on uncertainties…
Byles pleads with banks to be magnanimous on interest rates
Following a further reduction in its policy rate, the Bank of Jamaica, BOJ, is again urging commercial banks to reduce their lending rates to their customers. The BOJ has lowered the cost of…
Capitalising on hybrid power at Indy 500
Helio Castroneves felt an immediate difference – a subtle but noticeable uptick in speed – the first time he utilised the boost of horsepower offered by IndyCar’s novel hybrid engines around the imposing…
Egg farmers praying for good weather to help boost production
With the main tourism season having ended in April, egg farmers are praying for a more favourable hurricane season this year so that they can fully supply the country including the hoteliers with…
Carreras profit more than doubles in first quarter
Cigarette trader Carreras Limited posted a net profit of $1.4 billion for the first quarter ended March 2025, more than double the $568.5 million earned in the year prior, as the cigarette distributor…