No permits will be given for the importation of eggs into Jamaica despite the ongoing shortage, Minister of Agriculture Floyd Green has declared. Speaking at a forum on food security, Green said steps…
Category: Business & Economy
Pan Jamaica grows profit to $6b
Pan Jamaica Group Limited made net profit of $6.1 billion, up 63 per cent year on year. The group’s results were generated from revenues of $40 billion, an increase of 38 per cent…
Chinese factories see improved orders as importers rushed to beat tariffs
Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher tariffs imposed by the United States. The stronger-than-expected data came as Chinese leaders gathered in Beijing for the…
JPS president, energy companies differ on the pacing of renewables adoption
The head of Jamaica Public Service Company Limited, JPS, had cautioned against the quick adoption of renewable energy into the electricity grid, stating that other areas have experienced power outages in their efforts…
Jamaican tech workers targeted by recruiters, attracting high salaries
A United States-based fintech firm is currently recruiting at least 20 software engineers for a project here in Jamaica that will see them earning a starting salary of $10 million per year. But…
PriceSmart gets approval for Ironshore commercial project
PriceSmart has received approvals to build its third membership shopping outlet in Jamaica, amid growing local sales at double the Caribbean rate. The membership shopping club received planning permission and an environmental permit…
R Hotel on the market for $2.5b
The mid-sized R Hotel in New Kingston has been listed for sale at a price of US$16.5 million ($2.5 billion). The property is being marketed by Andrew Issa of Coldwell Banker Jamaica, who…
One On One to roll out AI lesson plan creator
Online education provider One On One Educational Services Limited says it will soon be rolling out its artificial intelligence powered system that will, among other things, make the writing of lesson plans quicker…
JPS promises Cat 5 hurricane resistant grid
Jamaica Public Service Company Limited, JPS, says it is building an electricity grid that can withstand the effect of a Category 5 hurricane should it hit the island. JPS President and CEO Hugh…
Treasury ends rule meant to stop shell company formation
The United States Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening announcement, Treasury said in a…