Port services company Cargo Handlers Limited, CHL, cited concerns over global trade tensions but remains positive about its financial outlook. Executive Chairman Mark Hart, when asked to expand on the concerns, responded with…
Category: Business & Economy
New master plan to be developed for Dunn’s River
The Urban Development Corporation, UDC, is seeking a consultant to develop a plan for Dunn’s River Falls and Park in St Ann, which will evaluate usage of the 188.5-acre property over an horizon…
AI-assisted works can get copyright with enough human creativity, says USCO
Artists can copyright works they made with the help of artificial intelligence, according to a new report by the United States Copyright Office that could help clear the way for the use of…
NHT SMART Energy loan most popular in St Catherine
Since the inception of its SMART Energy Loan last July, the National Housing Trust, NHT, has issued 275 loans to NHT contributors as financing for the procurement of renewable energy products. Those loans…
FosRich facilitating energy loans for SMEs
Pipe manufacturer and energy products trader FosRich Company Limited has secured a financing facility for customers wanting to purchase solar energy systems. FosRich will be tapping into the segment demanding systems of 0.5MW…
New bid for TikTok could give US government 50% stake
Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the United States government to own up to 50 per cent of a new entity that merges Perplexity with…
UDC selling $12b worth of Caymanas lots
Urban Development Corporation, UDC, is selling lands worth about $12 billion to drive the Caymanas Commercial Development project at Ferry, St Catherine. The divestment includes about 104 acres of land split into 68…
Jamaican workforce needs STEM, says Allen
More than half of Jamaica’s workforce needs to get certified in STEM disciplines to maintain global competitiveness, a local edutech entrepreneur has said. STEM is short for science, technology, engineering, and mathematics. “It’s…
AI taking the jobs of ‘agents’, not professionals, says expert
A globally recognised expert on artificial intelligence says the new technology will not take the jobs of professionals – not right away – but is taking on the tasks normally done by agents,…
Jamaican gov’t to sell stake in highway operator TransJamaican
The Government of Jamaica will be offloading its $10-billion stake in TransJamaican Highway Limited, operator of the Highway 2000 East-West toll roads, and divesting outsourcing assets held by the Port Authority of Jamaica…