Experts clashed over whether funds should flow towards winning sectors such as tourism, as opposed to investing in ‘losing’ sectors such as education to spur economic growth, during a forum convened by Jamaica’s…
Category: Business & Economy
Microfin loans a $40b market
As the Bank of Jamaica combs through the applications for microcredit licences, a clearer picture of the dispersed sector that has now fallen under its regulatory umbrella is emerging. Only 13 firms have…
SafeSpot allowing Jamaica to better protect its children
Over the years, the Flow Foundation has been an advocate for empowering children and supporting their safety and right to life. The Foundation has done this through its many partnerships and initiatives that…
Mayberry confirms cyberattack on its systems
Mayberry Investments Limited has confirmed that it was a victim of a cyberattack. The investment firm says it has not experienced any disruption as a result of the attack, and is seeking to…
Apple unveils sleek, US$3,500 ‘Vision Pro’ goggles
CUPERTINO, USA (AP) — Apple on Monday unveiled a long-rumoured headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularise new-fangled devices…
Labelling AI-generated content
The European Union is pushing online platforms like Google and Meta to step up the fight against false information by adding labels to text, photos and other content generated by artificial intelligence, a…
Jamaica to see US multimillion-dollar earnings from spice exports
OVER the next five years Jamaica will benefit from the revitalisation of the spices sector under a United States Department of Agriculture (USDA)-funded project. The USDA initiative is expected to increase the yield…
MPC shareholders approve reorganisation
SHAREHOLDERS of MPC Caribbean Clean Energy Limited (MPCCEL) approved the reorganisation of the company and its associated fund at the annual general meeting (AGM) held on Tuesday. The reorganisation is expected to be…
Preparation mode
PRESIDENT of the Jamaica Bankers Association (JBA) Septimus Blake said it could take until late this year for all automated banking machines (ABMs) to be fully converted for the new polymer banknotes. Blake,…
Volatile roots drink market regaining stamina
The size and scope of the so-called roots drinks market in Jamaica remains largely cloaked by the informal nature of the trade. But having experienced a downturn during the health crisis, the market…
