Despite steady growth in exports of yam over several years, stakeholders in the agricultural sector say the once humble tuber can earn even more than the US$40 million it did from exports from…
Category: Business & Economy
Berger recolours bottom line
In the nearly eighteen months since Dwaine Williams has been leading Jamaica’s largest paint manufacturer, Berger, as its top boss, the marketing and distribution specialist has been resetting the business and recolouring its…
MPC values Paradise Park solar investment at US$5.9m
MPC Caribbean Clean Energy Limited valued its stake in Paradise Park solar farm in Westmoreland at US$5.9 million ($930 million) through its holding company EREC Investment Limited. The company, which previously announced it…
Tesla sales tumble as Musk backlash, ageing lineup turn off buyers
Tesla sales fell 13 per cent in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers. The double-digit drop is…
JN Bank UK losses accumulate to £43m
JN Bank UK has accumulated more than £43 million in losses over five years, according to UK Companies House filings. The bank, which launched into business in late 2020, during the advent year…
Co-operatives heading to Chelsea as Guardian makes plans for Musgrave property
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…
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….