Wigton Energy Limited says it has got approval from the Minister of Science, Energy, Telecommunications and Transport to pursue the replacement of the 20.7MW Wigton I wind facility with solar. It comes on…
Category: Business & Economy
Corporate Jamaica still pitching for imported workers
Corporate Jamaica hasn’t given up on its push to import more foreign labour. Private sector interests are calling on the government to make the process to bring in workers from abroad less complicated…
UN COP29 climate deal disappoints
In the wee hours of Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries…
Wisynco to build out southern distribution hub
Buoyed by the success of its small northern hub, and smarting from the effects of Hurricane Beryl, manufacturing and distribution company Wisynco Group Limited is moving to set up an even larger hub…
Flow sales ‘resilient’ at US$103m for Sept quarter
Telecommunications provider Flow Jamaica earned flat revenues in the September 2024 amid the passage of Hurricane Beryl, which cost its parent millions in damage. The Jamaica operations of C…
Ice cream maker Kremi investing in water security, independence
A water well currently being drilled for Caribbean Cream Limited, which trades as Kremi, could be a game changer for the ice cream company, which has already registered improved performance in 2024 over…
Hurricane Beryl wreaked $32b damage, sent Jamaican economy into decline
Hurricane Beryl cost Jamaica $32 billion and sent the economy into decline, according to the Planning Institute of Jamaica. The Jamaican economy contracted by 2.8 per cent in the July-September 2024 quarter, while…
Climate change has goosed hurricane wind strength since 2019, study finds
Human-caused climate change made Atlantic hurricanes about 18 miles per hour (29 kilometres per hour) stronger in the last six years, a new scientific study found Wednesday. For most of the storms –…
JMMB Group, other fincos on watch for another rate cut
JMMB Group Limited expects further reduction in interest rates this week but remains concerned about the reduced spending in the economy. The Bank of Jamaica, BOJ, will decide on Thursday whether to hold…
Massy Gas Jamaica going after regional medical gas market share
In a first for Jamaica, 16 tonnes of liquid medical-grade oxygen have been exported to Caribbean neighbour The Bahamas. The shipment also represents Massy Gas’ first effort in a big export push. The…