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…
Category: Business & Economy
Demand for ice cannot be met locally, says factory operator
Following a devastating fire at the production plant of Pure National in Kingston last November that hobbled the dominant player in the market for block ice, eyebrows were raised when the Jamaican government…
Travel on commercial flights to Jamaica dips in 2024, but skies busy with private jets
Passenger movements through the Kingston international airport was up, but traffic was down for Montego Bay in 2024. Overall, the country’s two largest airports recorded a decline in passenger traffic by about two…
UWI Mona bond snapped up by eager market
Pension funds and other institutional investors snapped up a long-term bond placed on the Jamaican market by the University of the West Indies, Mona, to raise $3 billion. UWI Mona Principal, Professor Densil…
ByteDance’s Lemon8 gaining traction amid TikTok ban threat
Amid a looming ban on TikTok in the United States, content creators have been pushing the platform’s sister app. Lemon8 resembles an amalgamation of the types of short-form videos found on TikTok and…
Trump says he will change the name of the Gulf of Mexico
President-elect Donald Trump said Tuesday that he would move to try to rename the Gulf of Mexico to the “Gulf of America”, a name he said has a “beautiful ring to it.” It’s…
Gas prices going up
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $1.78 to sell for $154.13 per…
Innovative Energy inks distribution deal with Huawei Technologies
Innovative Energy Group Limited, IEG, has signed a distribution agreement with Huawei Technologies that’s projected to achieve US$50 million in sales over five years, amid the Chinese tech company’s push for market share…
TEF considers app to spur tourism investment
The Tourism Enhancement Fund, TEF, wants consultants to develop a mobile app showcasing top investment locations in Jamaica to spur investments by locals and foreigners. “The average Jamaican may be unaware of how…
Nippon, US Steel sue over scuttled deal
Nippon Steel and US Steel filed a federal lawsuit on Monday challenging a Biden administration decision to block Nippon’s proposed US$15-billion acquisition of the Pittsburgh company and said that the head of the…