Cargo that should have materialised in April but did not arrive until May impacted sales and profit at Indies Pharma Jamaica Limited. For the second quarter ended April, profit dipped by nine per…
Category: Business & Economy
Jamaican government to set up elite cybersecurity unit
The Government of Jamaica plans to bolster its cybersecurity defences with the creation of a cyber incident response team and a security operations centre – but first it’s trying to determine the availability…
Black partitions placed around Israeli pavilions at Paris Air Show
France’s government ordered black partition walls erected around Israeli defence industry exhibits displaying offensive weapons at the Paris Air Show, because of the war in Gaza and rising tensions in the Mideast. Israel’s…
VMIL teeing up new acquisitions, expansion plan
VM Investments Limited, VMIL, will be pursuing a more aggressive expansion programme and digital transformation as the two key pillars to drive business, CEO Rez Burchenson has said. VMIL wants to grow the…
JNGI to rebrand as BCIC Insurance
The sale of JN General Insurance Company Limited, JNGI, to British Caribbean Insurance Company Limited and ICD Group Holdings Limited was finalised on June 6, paving the way for its rebranding. Over the…
Productivity, boosting investments key to growing Caribbean economies, says IMF deputy
Caribbean countries need to digitalise government and banking services to reduce the cost of financing and doing business in the region, says Deputy Managing Director of the International Monetary Fund Dr Nigel Clarke….
Massy Distribution deal under competition review in Jamaica
The sale of Massy Distribution Jamaica Limited to Caribbean Distribution Partners Limited, CDPL, is being assessed by the Fair Trading Commission. The pharmaceutical and consumer products distributor is owned by Massy Holdings Limited…
Disney and Universal sue AI firm Midjourney for copyright infringement
Disney and Universal filed a copyright lawsuit against popular artificial intelligence image-generator Midjourney on Wednesday, marking the first time major Hollywood companies have entered the legal battle over generative AI. Filed in federal…
Jamaica Producers to develop two properties
Jamaica Producers Group Limited, JPG, will be subdividing some of its lands in St Mary for villa construction, while another property will be utilised for a commercial complex. The company will be preparing…
Kingston Wharves developing multilevel facility for car cargo
Port company Kingston Wharves Limited will be a constructing a multi-level holding area for auto cargo next to its Newport West terminal in Kingston to facilitate the motor vehicle cargo transshipped through the…