138 Student Living Jamaica, 138SL, the provider of accommodation for students at the University of the West Indies, says that while rental rates were increased this academic year, it was done in accordance…
Category: Business & Economy
Francis Wade | Stop treating R&D as a luxury
You agree with the general concept of having new products and services to offer your customers. After all, a company that relies on stale stuff is likely to fail. But how do you…
Jamaican entrepreneur formalising frozen soups venture in New York
Yummy Jamaican Ventures LLC, a start-up run by Jamaican entrepreneur Heather Elliot-Whitehead, is targeting the frozen soups market in New York. Based in Brooklyn, the family-run operation produces its line of Yummy Jamaican…
Citing market softness, FosRich pulls back from APO
Electrical lighting company FosRich is pulling back from its plan to raise funds on the equity market. In July 2022 shareholders had given the go-ahead for FosRich engage in a rights issue or…
Musk, scientists call for halt to AI race sparked by ChatGPT
Are tech companies moving too fast in rolling out powerful artificial intelligence technology that could one day outsmart humans? That’s the conclusion of a group of prominent computer scientists and other tech industry…
Manpower and Maintenance gets new CEO
After 33 years at the helm of a company mainly concerned with cleaning and sanitation, Audrey Hinchcliffe has handed over leadership of Manpower…
Shelved again: Companies Office ease of doing business project put on hold
The plan by the Strategic Public Sector Transformation Project, SPSTP, to overhaul the Companies Office of Jamaica for the ease of doing business has been put on hold again. The SPSTP previously invited…
Digicel joins digital wallet game with MyCash
Telecommunications provider Digicel launched its MyCash mobile wallet, with the technology minister lauding such technology one way of countering the risk of carrying cash amid a series of robberies. “The benefits of a…
Private pensions slide by $15b in three months
The value of pension assets under the control of fund managers fell by $15 billion in the span of three months, amid aggressive interest rate hikes in Jamaica and foreign markets that have…
Fewer complaints about utilities in 2022
Fewer customers complained about poor service last year, but utility providers still paid out $157 million, according to data released by the regulator on Wednesday. The Office of Utilities Regulation, OUR, received 20…
