Backed by a big bank loan, Jamaica Packaging Industries Limited has upgraded its machinery and moved into new operating space that could see the company tripling its output. Country Manager Gary Cole said…
Category: Business & Economy
Air travel to Jamaica generates US$235m for GAP in 2024
Travel at the nation’s two busiest airports generated US$235 million in total revenue last year for the Pacific Airport Group, GAP, the Mexican airport operator’s newly released financials indicate. The outturn was 15…
Starbucks opens first 3D printed store in the US
There’s a new pour from Starbucks: Its first 3D printed store in the United States. The Seattle-based coffee giant with more than 17,000 locations nationwide has never had a store quite like the…
Cricket West Indies reaps US$88m revenue, clears debt with ICC World Cup
Cricket West Indies, CWI, made record earnings from the 2024 ICC World Cup, allowing it to clear all debts, according to its latest annual report. Thinner margins are expected in the short term…
SVL enters bill payment market, wants to Evolve to the top
Armed with the approval of the central bank, entertainment company Supreme Ventures Limited has entered the bill payment market through its fintech arm, Supreme Ventures Fintech Limited. The service will be provided under…
China shrugs off threat of US tariffs
China’s leaders are downplaying the potential impact from the trade war mounted by the United States, saying they have the capacity to protect jobs and limit damage from higher US tariffs on Chinese…
Regency Petroleum partnering with dealer on truck stop
By about June 2026, Jamaica’s first formal truck stop and traveller’s halt should be open for business. It will be a dealer-owned and dealer-operated, or dodo facility, under the Regency Petroleum brand in…
Oran Hall | Mastering the art of budgeting on irregular income
It can be challenging for people who do not earn a consistent stream of income, because of self-employment, seasonality of employment, and commissioned-based employment, to manage their money effectively, but there are practical…
Rum fight getting more spirited
Spirits Pool Association Limited, which represents most of Jamaica’s rum distilleries, has pushed back against lawyer and rum consultant Howard Mitchell’s support for ageing Jamaican rum abroad. It comes amid an industry dispute…
Innovative Energy to distribute electric golf carts
Innovative Energy Group Limited, IEG, formerly known as Ciboney Group, is entering into the distribution of electric golf carts across the region to augment its energy business. The group earned $100-million profit for…
