Caribbean Producers Jamaica Limited, CPJ, one of the largest suppliers of food and beverages to the hotel trade, surpassed US$150 million in annual revenue, just ahead of its takeover by AS Bryden, a…
Category: Business & Economy
DirecTV buys satellite rival Dish
DirecTV is buying Dish and Sling, a deal it has sought to complete for years while aiming to better compete against streaming services that have become dominant. DirecTV said on Monday that it…
Fesgas partners with 7Krave for free delivery of cooking gas
Petroleum marketing company Future Energy Source Company, which trades as Fesco, is partnering with delivery service 7Krave, through the 7Kravemart app, to deliver Fesgas household cooking gas to customers. Fesco CEO Jeremy Barnes…
Oran Hall | Planned path from rural Jamaica to a university education
The cost of tertiary education is high, often beyond the reach of many bright and ambitious young people. This is particularly so for those who are from rural Jamaica, generally far from where…
New Fortress sued by investors
Natural gas supplier New Fortress Energy, NFE, is facing a class-action lawsuit over allegations that investors were misled by utterances regarding the company’s growth prospects. The lawsuit comes amid a three-quarter decline in…
Sol Group acquires Content Solar
Regional energy company Sol Group has acquired renewable energy provider Content Solar for an undisclosed sum. Content is a 32-megawatt solar plant in the parish of Clarendon that was developed by American company…
Southwest plans to cut flights in Atlanta while adding them elsewhere
Southwest Airlines plans to eliminate about one-third of its flights to Atlanta next year to save money as it comes under pressure from a hedge fund to increase profits and boost the airline’s…
Carreras heading back west with the ‘Black Cat’
After moving from its sprawling Twickenham Park base near Spanish Town, St Catherine, in 2015, cigarette distributor Carreras Limited is moving back to a location that sits on the border of the parishes…
Large BPO firm Ibex closes two contact centres, slashes desks by a third
Global outsourcing company Ibex has scaled back its operations in Jamaica, closing two centres, and eliminating one-third of its contact desks, in the process. “We closed two sites during the year to optimise…
Seeking to counter China, US awards US$3b for EV battery production in 14 states
The Biden administration is awarding over US$3 billion to American companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s…