FRANKFURT, Germany (AP): MAJOR OIL-PRODUCING countries led by Saudi Arabia said they’re cutting supplies of crude – again. This time, the decision was a surprise and is underlining worries about where the global…
Category: Business & Economy
Cedric Stephens| Synchronising fire service with high-rise trend
Is the rate of construction of high-rise buildings surpassing the capabilities of Jamaica’s fire brigade and prevention services? According to the National Fire Protection Association, “high-rise buildings present several unique challenges not…
Banking on land for financial security
At no time is it more evident how desperately Jamaicans love to own land than after the death of an individual who owns even a small lot, with or without buildings thereon, when…
Remittance via digital wallets top US$1m year to date
Nearly eight thousand remittance transactions have been recorded since the start of this year via two digital wallets approved so far by the Bank of Jamaica, the central bank has said. One of…
How a little-known agency holds power over TikTok’s future
Under pressure from the United States government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company —…
Shadowy brokers walk off with billions in Venezuelan oil
One start-up lists as its address a small home in a working-class district in Venezuela’s capital whose owner has never heard of the firm. Another is a Hong Kong-based shell company created in…
Mother’s bouncing back from pandemic
Quick service food company Mother’s Enterprise Limited is in expansion mode after being ravaged by the COVID-19 pandemic. The company took a big hit with the onset of the pandemic, which saw historically…
138SL realigns accommodation fees
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…
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…