Fund managers in Jamaica still invest more than half of client funds into fixed-income securities, but that figure fell over the year, while investments in real estate and cash grew by double-digits, according…
Category: Business & Economy
Slow sales for Zoukie group’s modular homes
Following the launch of its prefabricated modular home in May last year, DM Equipment Limited has only sold two of the units so far – one each in Lucea, Hanover and May Pen,…
US tariff threats concern Cargo Handlers
Port services company Cargo Handlers Limited, CHL, cited concerns over global trade tensions but remains positive about its financial outlook. Executive Chairman Mark Hart, when asked to expand on the concerns, responded with…
New master plan to be developed for Dunn’s River
The Urban Development Corporation, UDC, is seeking a consultant to develop a plan for Dunn’s River Falls and Park in St Ann, which will evaluate usage of the 188.5-acre property over an horizon…
AI-assisted works can get copyright with enough human creativity, says USCO
Artists can copyright works they made with the help of artificial intelligence, according to a new report by the United States Copyright Office that could help clear the way for the use of…
NHT SMART Energy loan most popular in St Catherine
Since the inception of its SMART Energy Loan last July, the National Housing Trust, NHT, has issued 275 loans to NHT contributors as financing for the procurement of renewable energy products. Those loans…
FosRich facilitating energy loans for SMEs
Pipe manufacturer and energy products trader FosRich Company Limited has secured a financing facility for customers wanting to purchase solar energy systems. FosRich will be tapping into the segment demanding systems of 0.5MW…
New bid for TikTok could give US government 50% stake
Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the United States government to own up to 50 per cent of a new entity that merges Perplexity with…
UDC selling $12b worth of Caymanas lots
Urban Development Corporation, UDC, is selling lands worth about $12 billion to drive the Caymanas Commercial Development project at Ferry, St Catherine. The divestment includes about 104 acres of land split into 68…
Jamaican workforce needs STEM, says Allen
More than half of Jamaica’s workforce needs to get certified in STEM disciplines to maintain global competitiveness, a local edutech entrepreneur has said. STEM is short for science, technology, engineering, and mathematics. “It’s…