The Department of Cooperatives and Friendly Societies, DCFS, has recently relocated from property it occupied at 2 Musgrave Road in Kingston, adjacent to Guardian Life, which signalled it intends to develop the property…
Category: Business & Economy
European countries resist US push against diversity initiatives
US government efforts to eliminate diversity initiatives are not going down well on the European continent. Laurent Saint-Martin, France’s minister for foreign trade, said the country won’t compromise after the United States State…
Daniel Chong soon to take over leadership of Honey Bun
Daniel Chong will step into the role of CEO of Honey Bun, as soon as he wraps up a $600-million project to expand the baking company’s business, replacing his mother as head of…
New Fortress sells Jamaican assets for US$1b
New Fortress Energy, NFE, supplier of nearly two-thirds of the energy powering Jamaica’s electricity grid, announced on Thursday the sale of its Jamaican assets and operations to Excelerate Energy Inc for US$1 billion….
Sisters bring Nitram residences to market on behalf of late father
A six-storey apartment complex recently completed on Upper Waterloo Road in Kingston has added 47 residential units to the housing stock, nearly two-thirds of which are already sold. The Nitram of Waterloo which…
US could run short of money to pay its bills by August
The United States is on track to hit its statutory debt ceiling – the so-called X-date when the country runs short of money to pay its bills – as early as August without…
Sygnus Real Estate looking beyond Jamaica in second investment round
Sygnus Real Estate Finance Limited, SRF, is aiming for investments outside of Jamaica as it gets ready for a new round of projects. Chief Investment Officer of Sygnus Group Jason Morris says that…
Private sector wooed to manage Tryall Beach
The Government of Jamaica wants private sector partners to manage and operate Tryall Beach in Hanover, which serves as a rest stop near a golf course. The beach spans approximately 200 metres and…
US threatens 25% tariff on countries that buy Venezuelan oil
President of the United States Donald Trump said on Monday he would be placing a 25 per cent tariff on all imports from any country that buys oil or gas from Venezuela, as…