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Category: Business & Economy

Business & Economy

Former T&T energy minister flags Jamaica’s power costs as ‘uncompetitive’ and among region’s highest

infojamaica
June 10, 2026

Jamaica’s power rates are among the region’s highest, but renewing the licence of Jamaica Public Service (JPS) alone will not likely lead to lower prices, according to a former Trinidad and Tobago energy…

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Business & Economy

CariCRIS Gives Investment-Grade Debut to JPS subsidiary, South Jamaica Power 

infojamaica
June 10, 2026

South Jamaica Power Company Limited (SJPC), the operator of Jamaica’s a natural gas generating facility, has received its first credit rating from Caribbean rating agency CariCRIS, securing an investment-grade assessment that could broaden…

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Business & Economy

AS Bryden pays US$3.6m for two Barbados firms

infojamaica
June 10, 2026

The Seprod-owned A.S. Bryden & Sons Holdings Ltd spent a combined US$3.6 million acquiring two Barbados-based companies in 2025, adding a food service distributor and a diversified consumer goods group to its regional…

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Business & Economy

Apple expected to unveil new AI features at last developers conference with CEO Tim Cook 

infojamaica
June 9, 2026

Apple is expected to unveil new artificial intelligence features at its annual developers conference, beginning Monday, which will be the last one featuring CEO Tim Cook before he turns his post over to…

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Business & Economy

Kingston Wharves looking to double business in two years

infojamaica
June 5, 2026

Kingston Wharves Limited (KWL) said it would invest US$20 million (J$3 billion) initially to double its capacity if it were to acquire lands that include the Tinson Pen Aerodrome. “We feel very well…

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Business & Economy

7-storey W18 development to rise on former Truck Stop site 

infojamaica
June 5, 2026

Construction will begin next month on a seven-storey development on West Kings House Road in Kingston, on land previously associated with Truck Stop Grill & Bar. Known as W18, the mixed-use project earmarked…

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Business & Economy

US sanctions Iran’s largest digital asset exchange, Nobitex

infojamaica
June 4, 2026

As part of the Trump administration’s ongoing campaign to pressure Iran into a deal that would end an ongoing war with the US and Israel, the US placed sanctions on Iran’s largest digital…

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Business & Economy

Florida sues OpenAI and CEO Sam Altman, claiming company concealed serious risks of ChatGPT

infojamaica
June 2, 2026

The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks. Florida Attorney…

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Business & Economy

MoneyMasters breaks ground on US$25m 10-storey commercial project near Half-Way Tree 

infojamaica
May 31, 2026

When Claudette Crooks set out in 2022 to build a commercial project in Kingston, she had a pointed challenge for Jamaica’s pension fund managers: Instead of investing incremental amounts in New York and…

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Business & Economy

Contractors sought for modernisation drive for Fantasy, Pagee and Success beaches

infojamaica
May 31, 2026

For most Jamaicans, a day at the beach means makeshift stalls, limited shade, and decades-old facilities but the Government plans to change that — upgrading three public beaches in quick succession, led by…

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