Gaming and entertainment company Supreme Ventures Limited, SVL, is already seeing a rebound from its 20 per cent profit decline last year, based on its first quarter results, according to Executive Chairman Gary…
Category: Business & Economy
Wehby expects continuing headwinds from rates, inflation
GraceKennedy Group CEO Don Wehby is not expecting the pressures on business from high interest rates and inflation to ease right now. “I really believe that inflation, the biggest monster, we have to…
Petrojam to beef up power facility
Petrojam Limited will replace obsolete and unsafe equipment in the first major upgrade of its power distribution facility since the refinery was established six decades ago. Jamaica’s sole petroleum refinery aims to develop…
Fast internet network coming for underserved areas
The Spectrum Management Authority, SMA, this week announced plans to sell new spectrum for US$24 million to deliver high-speed internet to remote communities. The selected candidate will be given a decade to pay…
IMF upgrades forecast for Chinese economy
The International Monetary Fund, IMF, has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s…
Jamaican economy grows 1.9% in March quarter
The Jamaican economy expanded by 1.9 per cent in the January-March quarter, stymied by slowing housing starts, according to preliminary estimates from the Planning Institute of Jamaica. Real estate, a star performer during…
Explorer ramps up pitch on Jamaican oil prospects
The UK company exploring for oil offshore Jamaica has now put a US$70-billion estimate on the value of petroleum reserves likely lying under Jamaica’s waters waiting to be tapped. Were those numbers to…
Merger fever
The latest credit union merger involving Gateway and EduCom has got approval from their memberships, shrinking the movement once again. But the umbrella body that speaks for all credit unions, JCCUL, says it’s…
Harris announces plans to double internet access in Africa
Vice-President of the United States Kamala Harris announced on Friday the formation of a new partnership to help provide internet access to 80 per cent of Africa by 2030, up from roughly 40…
Bondholders want percolated interest on Specialty Coffee bond
Specialty Coffee Company bond met with the JCSD in the past week to discuss their demands ahead of a vote to extend a bond issued by the coffee investment company, an entity connected…