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…
Category: Business & Economy
CariCRIS Gives Investment-Grade Debut to JPS subsidiary, South Jamaica Power
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…
AS Bryden pays US$3.6m for two Barbados firms
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…
Apple expected to unveil new AI features at last developers conference with CEO Tim Cook
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…
Kingston Wharves looking to double business in two years
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…
7-storey W18 development to rise on former Truck Stop site
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…
US sanctions Iran’s largest digital asset exchange, Nobitex
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…
Florida sues OpenAI and CEO Sam Altman, claiming company concealed serious risks of ChatGPT
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…
MoneyMasters breaks ground on US$25m 10-storey commercial project near Half-Way Tree
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…
Contractors sought for modernisation drive for Fantasy, Pagee and Success beaches
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…
