Category: Business & Economy

Profit at Barita Investments Limited halved to $480 million in the December first quarter from $1 billion a year earlier due to reduced gains from real estate. Still, Barita’s outlook sees the securities…

The United States economy grew at a robust 3.2 per cent annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its…

Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $1.20 to sell for…

Hotels operated locally by Playa under the Hilton, Hyatt and Jewel brands generated US$220 million ($34 billion) in revenue during 2023, bettering the previous year by 22 per cent. It comes alongside continuing…

Rum sales by J. Wray…

Germany plans to enable underground carbon storage at offshore sites, pushing ahead with a much-discussed technology in an acknowledgement that time is running out to combat climate change, the country’s vice-chancellor said on…

TECHNOLOGY FIRM Productive Business Solutions Limited (PBS), controlled largely by businessman PB Scott, made US$11.4 million (J$1.8 billion) in profit for its full year ending December, or one-third higher than a year earlier….

SOURCES CLOSE to the management of assets in the Stocks and Securities Limited (SSL) fraud matter say that former sprinter Usain Bolt would not have received anything from assets disbursed or assigned to…

THE FALL in Jamaica’s labour productivity concerns the Bank of Jamaica (BOJ), which now sees inflation cooling down in 2025 towards the target range, rather than this year. “The domestic labour market remains…

MANUFACTURING AND distribution company Seprod is doubling down on its export strategy as it targets 30 per cent of its production base for exports by December 2025. In its just-released fourth-quarter report, the…