European Union regulators on Monday levelled their first charges under the bloc’s new digital competition rulebook, accusing Apple of preventing app makers from pointing users to cheaper options outside its App Store. The…
Category: Business & Economy
PSOJ to redevelop headquarters into office hub
The Private Sector Organisation of Jamaica, PSOJ, will be developing its headquarters at Hope Road in Kingston, in collaboration with VM Group, a project that will transform the complex into a commercial hub….
JMMB still profits after $12b write-off
JMMB Group Limited, which offers financial services in four markets, made $11.8 billion in annual profit despite writing off a bad bond. The group wrote off $12.6 billion related to funds it loaned…
IT company PBS growing fastest in Musson Group, says PB Scott
Paul ‘PB’ Scott, chairman and CEO of regional conglomerate Musson Group, says its publicly listed information technology firm Productive Business Solutions Limited, PBS, is the fastest-growing company in the massive corporation. It aligns…
Doubling down on BPO status quo in counter to AI
The impact of artificial intelligence technology on the local outsourcing sector is expected to be minimal in the medium term, says Anand Biradar, president of the Global Services Association of Jamaica, GSAJ. In…
Trading to resume in EduFocal and Equityline Mortgage Investment Corporation shares
The Jamaica Stock Exchange (JSE) has announced that trading of EduFocal Limited and Equityline Mortgage Investment Corporation shares is to resume on Friday. The JSE says EduFocal Limited has now submitted its 2023 Audited Financial…
McDonald’s ending test run of AI-powered drive-thrus with IBM
Ever get your McDonald’s order mixed up at an AI-powered drive-thru? The experiment behind the fast food giant’s current automated order taker will soon be coming to a close. McDonald’s confirmed Monday that…
Gas prices to increase Thursday
Motorists will pay more for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $0.25 to sell for…
Main Event earnings stumble in shifting market
Main Event Entertainment Group Limited, MEEG, a provider of stage and lighting, indicated that some large parties and events, including carnival, have been scaling in size, resulting in lower margins for promoters like…
FosRich USA launches from Tennessee base
FosRich USA is now up and running from its base in Tennessee. The associate of FosRich Company Limited has entered the United States in the niche space as a BME, or black and…