Despite rising interest rates and its knock-on effect on the cost of financing, the demand for loans in the construction sector has boomed over the past year amid a bullish real estate market….
Category: Business & Economy
CEAC hits snag on waste management expansion plans
A waste management business started by CEAC Outsourcing Limited five years ago has hit a snag, after multiple applications to expand the operations were either denied or stalled by the National Environment…
Prestige executing 2023 development plan
Following more than two years of compressed earnings in Trinidad & Tobago and Jamaica, Prestige Holdings Limited (PHL) is planning to spend big as it seeks to open several new stores and remodel…
JPS readies for EV demand
THE Jamaica Public Service Company (JPS) has indicated that its push to install charging stations for electric vehicles is part of a business plan to help recapture demand that has been lost due…
Solar battery producer facing export woes
THE operator of Jamaica’s sole assembly plant for solar batteries is becoming increasingly frustrated with the shipping industry’s reluctance to transport its products to export markets, which has the effect of limiting the…
Digicel seeks US$100-m bridge loan
Digicel has reached out to bondholders of US$925 million of overdue debt asking them for consent to borrow more money which it intends to use as a bridge facility. Details of the plan…
Sherwin-Williams colours growth
After five decades of operation in the local market, paint manufacturer Sherwin-Williams West Indies Limited is looking to further expand, with plans well advanced to add its 24th store some time later this…
USMCA commission to open enviro probe of Mexico tourist train
The trilateral Commission for Environmental Cooperation established by the United States, Mexico and Canada has recommended opening an investigation into Mexico’s multibillion-dollar tourist train project on the Yucatán peninsula. Environmentalists…
To verify or not to verify
Part 1 was published in our April 12, 2023 editon. This is the conclusion. AS Caribbean brands also have global reach, protecting one’s copyright is a smart thing to do. As the power…
The ColdBush Organics story
NOT since the days when Highgate Foods produced chocolate at its St Mary-based factory has a Jamaican entrepreneur dreamt of taking the world by storm with Jamaican chocolate, but that is exactly what…