Nvidia and AMD have agreed to share 15 per cent of their revenues from chip sales to China with the United States government, as part of a deal to secure export licences for…
Category: Business & Economy
Yaneek Page | Small business owners still struggling with recovery after pandemic
It’s been just over two years since the COVID-19 pandemic was declared over by the World Health Organization. Masks are gone, events are back, school is face-to-face again, travel restrictions are behind us,…
SVL cuts and innovates its way to bigger profit
Cost-cutting and product innovation, backed by heavy marketing and advertising at gaming and lottery company Supreme Ventures Limited, SVL, have combined to deliver nearly two-thirds higher profit in the June second quarter. Executive…
Free but not cheap: Jamaica’s big and costly bet on public Wi-fi
The Government plans to expand free public Wi-fi by 40 per cent this fiscal year, with a new tender for broadband services in Ocho Rios, St Ann, forming part of the wider push…
Lasco Financial recovers ground in June quarter
Lasco Financial Services Limited, LFSL, more than doubled its quarterly profit for the period ending June 2025, posting earnings of $40.5 million – an increase of 125 per cent over the prior year….
Omni Industries banking on machine upgrades, eyeing new regional markets for growth
Having invested significantly in more efficient machinery, Omni Industries Limited is confident that it will soon reap the benefits of its investments in the form of increased profits. The company’s net profit for…
VM Group taking scalpel to expenses
Following a period of reorganisation, VM Group Limited is back in the black and is aiming to maintain that trajectory by wrangling its spending. The financial institution, which holds large private mortgage bank…
Tesla awards CEO Musk millions of shares valued at about US$29b
Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately US$29 billion, just six months after a judge ordered the company to revoke his massive pay package. The…
How meme stocks are born
Investors occasionally scoop up shares of companies whose financial prospects appear dim. The consensus around such companies is that the shares should, if anything, fall further. But then they suddenly get touted in…
Jamaica government devising new public sector banking policy
The Government of Jamaica aims to better manage its cash resources of about $100 billion flowing through financial institutions. The Ministry of Finance is in the process of recruiting consultants to help craft…