Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits. Musk said on a…
Category: Business & Economy
Soft air travel halves Knutsford bus profit
Knutsford Express Services Limited, a luxury bus service popular among tourists and Jamaican commuters, faced rising costs as air travel slowed. For the February third quarter, its profit was sliced in half, dropping…
Eppley takes over Stratus fund
Investment company Eppley Limited has acquired full control of Stratus Alternative Funds SCC from partner NCB Capital Markets Limited, NCBCM, but the value of the transaction was not disclosed. Five years ago, NCBCM…
Planning ahead to counter climate vulnerability
The 2025 Atlantic Hurricane Season will begin on June 1 or in about 40 days’ time. The island, its Caribbean and other neighbours, were severely affected by hurricane events last year. Because of…
Farm raiders go high-tech with drones and truck hijackings
Farm thieves are turning to drones and the hijacking of trucks despite an overall fall in violent crimes. Agribusiness leaders say they are experiencing high levels of theft, and that rising security costs…
China’s economy grew 5.4% in the first quarter as exporters rushed to beat Trump’s tariffs
China’s economy expanded 5.4 per cent from January to March compared to year-earlier levels, the government said Wednesday, supported by strong exports ahead of US President Donald Trump’s rapid increases in tariffs on…
Sandals Montego Bay to build overwater rooms
Sandals Montego Bay plans to spend US$9 million (J$1.4 billion) on the construction of overwater bungalows and villas, its third on the island. The project will introduce 18 overwater bungalows and 10 villa-style…
Jetcon doubles down on new cars with waiting list
Jetcon aims to speed past its $74.3 million year-end loss by focusing on new car sales instead of its used car business. Declining revenues, exacerbated by an increasingly competitive environment especially since the…
Paramount doubles down on changes to counter loss
Paramount Trading returned to profit following changes at the chemicals manufacturing and distribution firm. CEO Hugh Graham said the profit of $9.27 million for the February 20205 third quarter signals a recovery for…
MBJ extends US$60-million loan
MBJ Airports Limited (MBJ) has successfully negotiated a five-year extension on its US$60-million credit line with the Bank of Nova Scotia. The loan extension will provide MBJ with greater financial flexibility as it…