Marine park operator Dolphin Cove Limited is advancing plans for the expansion of two parks, on the heels of what has been its best annual performance in its 22-year history, and expectations of…
Category: Business & Economy
Century to pump up to US$20m into ‘restore Jamalco’ project
The new majority owner of the Jamalco alumina refinery intends to pump up to US$20 million of capital into the operation, which it expects to return to profit by September. “With respect to…
In global rush to regulate AI, Europe set to be trailblazer
LONDON, United Kingdom (AP) — The breathtaking development of artificial intelligence has dazzled users by composing music, creating images and writing essays, while also raising fears about its implications. Even European Union officials…
Copyright owners in the music industry
IN these trying times, music can still be described as one thing that when it hits you, you feel no pain. What can be rather painful, however, is after having exerted much effort…
Farming made smart
THE Rural Agricultural Development Authority (RADA) is trying to get farmers to come together and utilise technology to predict plant deficiencies with the use of drones. RADA’s Senior Programmer Hartnell Campbell says the…
Bamboo housing research to get back on track
After a two-year pause on the buildout of factory space in White Marl, St Catherine, to facilitate research into bamboo housing, Chairman of the Bamboo Industry Association of Jamaica, BIAJ, Robert Rainford says…
Dubai courted for cruise
TOURISM Minister Edmund Bartlett is trying to woo DP World, a multinational port operator, to look to Jamaica’s cruise shipping industry for opportunities that will lead to it investing in the island. Bartlett,…
Debt options abound but can Biden, McCarthy strike a deal?
THE White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts. Or they could agree to a stopgap measure to keep paying the nation’s bills…
Seprod almost triples Q1 earnings
CONTINUED growth across its business helped to almost triple earnings for manufacturing and distribution giant Seprod Limited, which reported profits of approximately $1.4 billion at the end of its first quarter (Q1) ended…
Trade deficit at new record
JAMAICA’s trade deficit reached a record US$6 billion in 2022 as the prices of imported fuel and raw materials surged last year in the aftermath of Russia’s invasion of Ukraine. The higher prices…
