It will be more than four years before the long-anticipated Caymanas Special Economic Zone, CSEZ, is implemented, according to the President of the Port Authority of Jamaica, Professor Gordon Shirley. The CSEZ, located…
Category: Business & Economy
Trump win ignites crypto frenzy that sends bitcoin to record high
The price of bitcoin hit a new high on Wednesday and crypto-related shares rallied as investors bet that former President Donald Trump’s victory in the United States presidential election will be a boon…
CB Group says best chicks but no new breeds at new R&D facility
The Caribbean Broilers Group is promising a shift in best practices as it partners with Irish research company Devenish Nutrition to commission the first R…
Donovan Lewis, Ideal Betting to pay up over fraudulently transferred shares, court rules
A judge of the Supreme Court has ordered compensation for the late Lloyd Wilson’s estate after determining that some of his shares in Ideal Betting Company Limited were unlawfully transferred to principal owner…
UAE opens annual oil and gas summit
The United Arab Emirates opened its annual oil and gas summit on Monday as it plans to increase the country’s energy output as global prices stay volatile and world politics remain uncertain ahead…
SOS to triple book production
New manufacturing equipment being installed by Stationery and Office Supplies Limited, SOS, will enable the company to triple its production of books and grow revenue by 50 per cent. This is the word…
Blue Power cobbling new distribution deals outside the region
Amid fluctuating revenue, Blue Power Group Limited is engineering a shift away from Caricom markets, while strengthening local partnerships with key distributors to increase market share in Jamaica, and setting up new arrangements…
Credit bureau review to address consumer gripes and data gaps
The Fair Trading Commission, FTC, recently conducted a preliminary assessment of credit bureaus in response to consumer concerns about incomplete reports. “We will be issuing the preliminary report for consultation early next week,”…
Mayberry profits from CPJ sale but still weighed down by losses
Investment bank Mayberry Group Limited reported improved September third-quarter 2024 results. It resulted in the company earning $145 million net profit for shareholders for the September quarter, bettering the $986-million loss reported during…
Decline in import expenditure from January to June
Jamaica’s import expenditure for the first six months of 2024, between January and June, totalled US$3.68 billion. This represents a 1.5 per cent decline over the US$3.74-billion spend for the corresponding period in…