The United Arab Emirates opened its annual oil and gas summit on Monday as it plans to increase the country’s energy output as global prices stay volatile and world politics remain uncertain ahead…
Category: Business & Economy
SOS to triple book production
New manufacturing equipment being installed by Stationery and Office Supplies Limited, SOS, will enable the company to triple its production of books and grow revenue by 50 per cent. This is the word…
Blue Power cobbling new distribution deals outside the region
Amid fluctuating revenue, Blue Power Group Limited is engineering a shift away from Caricom markets, while strengthening local partnerships with key distributors to increase market share in Jamaica, and setting up new arrangements…
Credit bureau review to address consumer gripes and data gaps
The Fair Trading Commission, FTC, recently conducted a preliminary assessment of credit bureaus in response to consumer concerns about incomplete reports. “We will be issuing the preliminary report for consultation early next week,”…
Mayberry profits from CPJ sale but still weighed down by losses
Investment bank Mayberry Group Limited reported improved September third-quarter 2024 results. It resulted in the company earning $145 million net profit for shareholders for the September quarter, bettering the $986-million loss reported during…
Decline in import expenditure from January to June
Jamaica’s import expenditure for the first six months of 2024, between January and June, totalled US$3.68 billion. This represents a 1.5 per cent decline over the US$3.74-billion spend for the corresponding period in…
UK Treasury chief unveils budget with £40b in tax hikes
British Treasury chief Rachel Reeves told lawmakers on Wednesday that taxes will rise by £40 billion (US$52 billion) in order to plug a hole in the public finances and provide new funding for…
PPC pleads for more businesses to vie for contracts
Micro, small and medium enterprises are missing out on the billions of income available to businesses that vie for government contracts, which keep being awarded to a narrow set of companies, Nadia Morris,…
Supplies hit by storm, but there’s enough chicken for holiday season, Jamaica Broilers says
There will be adequate supplies of chicken and chicken products for the upcoming Christmas season, says the Jamaica Broilers Group Limited, JBG, the country’s largest poultry producer and supplier. The company’s leadership is…
Apple launches iPhone into AI era
Apple is releasing a free software update that will inject its first dose of artificial intelligence into its iPhone 16 line-up as the trendsetting company tries to catch up with technology’s latest craze….