FACED WITH a first quarter loss and peaks and troughs in its revenue flows, air conditioning company, CAC 2000 Limited, has struck a deal with Real Marketing out of Trinidad and Tobago to…
Category: Business & Economy
TikTok fined $15.9m by UK watchdog over misuse of kids’ data
LONDON (AP): BRITAIN’S PRIVACY watchdog hit TikTok with a multimillion-dollar penalty yesterday for misusing children’s data and violating other protections for young users’ personal information. The Information Commissioner’s Office said it issued…
Digital payback
GRACEKENNEDY, the Jamaican conglomerate whose businesses span supermarkets to financial services, has invested more than a J$1 billion in the digitisation of its services over the last three years, which, according to its…
Stock market loses $5 billion on Monday
THE JAMAICA Stock Exchange, JSE, now hovers at just above pandemic lows following its slide on Monday that wiped out $5 billion in market value. Suffering its biggest day of losses in at…
SVREL cranks up digital strategy
GAMING AND entertainment company, Supreme Ventures Racing and Entertainment Limited (SVREL), is upping the ante with its digital strategy, while moving to top a record 2022. The company has digital innovations such as…
Oil producers’ cuts could boost gasoline prices, help Russia
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…
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…
