Pharmaceutical distributor Indies Pharma Jamaica Limited is expected to tackle the development of its prime real estate holding at Ironshore in Montego Bay, having raised funds to refinance existing debt and for investment….
Category: Business & Economy
Companies Office home under renovation, moving to Pan Jam building
The Companies Office of Jamaica, COJ, is expanding at its current location at Grenada Way in New Kingston to better serve clients but is making plans to relocate within two years, Minister of…
Al Gore’s satellite and AI system now tracking sources of deadly soot pollution
Soon people will be able to use satellite technology and artificial intelligence to track dangerous soot pollution in their neighbourhoods – and where it comes from – in a way not so different…
Morant Bay Urban Centre not yet in business
Four months after its official opening, the Morant Bay Urban Centre, MBUC, confirmed tenants are retrofitting their allotted spaces but are yet to start doing business there. The 365,000-square-foot commercial complex, which opened…
Derrimon tackling debt as priority amid operational restructuring
Derrimon Trading Company Limited is taking steps to deleverage, an issue that has become a priority for the group amid concerns by its auditors. CEO Ian Kelly disclosed that discussions were under way…
Nvidia to invest US$100b in OpenAI
Chipmaker Nvidia will invest US$100 billion in OpenAI as part of a partnership announced Monday that will add at least 10 gigawatts of Nvidia AI data centres to ramp up the computing power…
Apparel sector holding its own in niche market
Entrepreneurs involved in the production of clothing locally say the sector remains viable but mostly in particular niches, as garment makers are unable to compete with cheaper imports, mainly from China. Custom-made clothing,…
Oran Hall | The implications of low inflation
Low and stable inflation contributes to economic stability and economic growth and is good for the general economy, businesses and individuals. Low inflation fosters confidence and optimism. Businesses are better able to predict…
Inflation keeps falling but businesses continue to bet on rising prices
Jamaican businesses are bracing for a potential uptick in prices, despite falling annual inflation, which was estimated at 1.2 per cent in August, one of the lowest levels in recent years. “Respondents indicated…
FTC drafts rules on exclusive selection of service providers
The Fair Trading Commission, FTC, has released draft guidelines that could shake up the system utilised by certain companies to select third-party service providers. Customers are often directed to the so-called ‘panels’ for…