Stocks are drifting on Wall Street Monday and oil prices fell after the US and Iran paused their attacks while work resumed on restarting negotiations to end the war. The S&P 500 fell…
Category: Business & Economy
Telematics: How smart vehicle data can slash crashes, save lives, and insurance costs
The crash occurred around 7:45 a.m. on the North Coast Highway at Bogue Gate, Trelawny, when a Toyota Regius Hiace bus travelling toward St. Ann collided head-on with a 2010 Hino Dutro motor…
A $370 billion question: Who is Jamaica building?
Meet Samantha She’s 32, and part of a generation trying to stretch every monthly pay cheque and cover rent while helping ageing parents and relatives get by. She isn’t reading Integrity Commission or…
Hotel pipeline tops US$4.2b, but brand name projects face delays
Jamaica has facilitated more than US$4.2 billion in hotel investments through JAMPRO, but roughly 10 per cent of the pipeline remains delayed, including a Marriott-branded property in Trelawny. These projects – facilitated in…
UFC fighter Aljamain Sterling seeks US$1m to fund J’can rum venture
Professional mixed martial arts fighter Aljamain Sterling, the son of Jamaican expatriates, aims to raise up to US$1 million through a US securities crowdfunding offering to scale his brand, Funk Harbor Rum. “Every…
Finance lessons from Garfield Sobers
The story of Sir Garfield Sobers – widely acknowledged as cricket’s best all-time all-rounder – is rich with personal financial lessons. Sir Gary grew up in humble circumstances in Barbados, but he used…
IAJ urges policyholders to review sums insured as average-clause disputes mount after Melissa
The Insurance Association of Jamaica (IAJ) urges property owners to check whether their coverage reflects the true replacement value of their homes and businesses, as the average clause – a long-standing but little-understood…
IDB Invest lines up US$80m loan for JPS grid recovery
Power utility Jamaica Public Service Company Limited (JPS) aims to secure US$80 million, about J$12.7 billion, from the private-sector arm of the Inter-American Development Bank Group (IDB) for liquidity purposes and Hurricane Melissa…
French energy firm secures Jamaica land for utility-scale solar and hydrogen project
French renewable-energy company HDF Energy said it has secured land in Jamaica for a proposed utility-scale solar, hydrogen and battery storage project, and wants investors, contractors, suppliers and operators to participate in its…
AMG profit slides amid dip in production
AMG Packaging and Paper Company Limited’s profit has fallen by more than half in the latest quarter as its production faltered. Management, however, remains upbeat and continues with its expansion plans. Net income…