A major private player in the medical imaging space remains optimistic that the pending addition of 16 new medical imaging devices across public facilities won’t significantly impact earnings. That’s because facilities are still…
Category: Business & Economy
Dairy sector aiming to double milk production by or before 2030
The dairy sector is aiming to double the output of milk from Jamaica in the next three to five years, with at two of Jamaica’s large dairy producers at the forefront of the…
Milk mandate pitched as market driver for dairy
After languishing for decades, another effort is being made to bring back the dairy sector to its former glory, when Jamaica produced three times more milk. Industry players cite climate change and the…
Flow raises internet rates, scraps unlimited social media
Flow Jamaica plans to raise internet prepaid rates on Wednesday and ditch its offerings of unlimited social media, as part of its efforts to grow its share of the $60-billion internet market. “These…
FDA floats plan to make cigarettes non-addictive
Federal officials on Wednesday released a far-reaching proposal to make cigarettes far less addictive by capping their nicotine content, a goal long sought by anti-smoking advocates that is unlikely to go into effect…
Farmers uncertain when egg shortage will end
Having gotten predictions wrong in the recent past, the country’s egg farmers are being cautious in saying when they think the shortage of eggs will end. President of the Jamaica Egg Farmers Association…
AS Bryden puts limits on mandatory offer for CPJ shares
AS Bryden and Sons Holdings Limited, ASBH, as the new majority owner of purveyor and food manufacturer Caribbean Producers Jamaica Limited, has made a mandatory offer for outstanding minority CPJ shares, but only…
Panama Canal administrator pushes back against assertions of Chinese meddling
The administrator of the Panama Canal said on Friday that the vital waterway will remain in Panamanian hands and open to commerce from all countries, rejecting claims by United States President-elect Donald Trump…
NCB Cayman sale deal off
The deal to sell the NCB Jamaica subsidiary, NCB Cayman, has fallen through just about a year after it was first announced. In early February 2024, National Commercial Bank Jamaica Limited, NCBJ, announced…
Update: Rum fight goes to Fair Trading Commission
National Rums of Jamaica Limited has sought the intervention of the Jamaica Fair Trading Commission, FTC, to address alleged anti-competitive practices by large players, including J. Wray…