Category: Business & Economy

The first phase of the Caymanas Special Economic Zone, CSEZ, project will take four years to complete at a cost of $8 billion, Chairman of the Port Authority of Jamaica Alok Jain has…

The leadership of the Jamaica Public Service Company Limited, JPS, is preparing for negotiations with the Government of Jamaica towards a new all-island electricity licence agreement when its current exclusive arrangement expires in…

The United States economy expanded at a surprising three per cent annual pace in the April-June period, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from the US trade…

Jamaican Copyright Licensing Agency, known as JAMCOPY, paid out $30.3 million in royalties at the end of last year to more than 900 rightsholders whose works appeared in print, the organisation reported at…

Manufacturing and distribution company Seprod Limited is looking to extract maximum benefit from its acquisition programme over the last two years. Reporting to shareholders on Monday, CEO Richard Pandohie said since the company’s…

A cyberattack on Russian state-owned flagship carrier Aeroflot caused a mass outage to the company’s computer systems on Monday, Russia’s prosecutor’s office said, forcing the airline to cancel more than 100 flights and…

Portland JSX Limited will now invest directly into businesses rather than pool with other funds. “Going forward, PJX has transitioned from a fund-based investment model and will pursue a strategy focused on direct…

The Jamaica Coffee Exporters Association, JCEA, wants the authorities to withdraw the proposed blockchain platform for commodity exports, arguing it will impose over $100 million in costs on stakeholders. Chairman of the JCEA…

Telecommunication services provider Digicel Group plans to raise US$2.9 billion, most of which is aimed at refinancing existing debt. Rating agency Fitch assigned a ‘B’ rating and a recovery rating of ‘RR4’. Fitch…

More than 200 local companies are in various stages of preparation for listing on the proposed micro market of the Jamaica Stock Exchange. It will facilitate the raising of $10 million to $49.9…