Jamaica-based Outsourcing Management Limited (OML), which trades as iTel, plans to refinance $3.5 billion in debt, offering bondholders the option to convert their holdings into shares, provided the company lists on the stock…
Category: Business & Economy
Lumber rebounds from Hurricane Beryl
Lumber Depot Ltd which operates a hardware store in Papine, St Andrew, made higher profit for its second quarter which signalled a rebound from earlier disruptions from Hurricane Beryl. The outlook remains cautious…
Fewer US Fed rate cuts likely in 2025
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next…
PIOJ wants to track urban-rural divide
Living in the city offers residents greater access to commerce, but it comes with trade-offs such as higher rent, transportation costs and exposure to crime. Recognising these challenges, the Planning Institute of Jamaica,…
New horizon for Jamaican books
The rapid growth of the middle class in China and their search for experiences outside of their country has presented opportunities for international writers, including Jamaicans, to break into that massive market. This…
Amber Aviation flight start-up still grounded
Amber Group is two years behind on its plan to launch a flying service in Jamaica, using recreational aircraft, but it is very much alive, the company’s CEO, Dushyant Savadia, has said. Having…
NWC adding more solar to power water network
National Water Commission, NWC, plans to set up a solar system in St James, with a capacity of around 1 megawatt, to cut down on its energy bill. The water utility received planning…
TikTok files challenge against Canadian government order to dissolve its business
TikTok has challenged a Canadian government order to shut down the Chinese video-sharing app’s business operations in the country that was imposed over national security concerns. The company said Tuesday that it filed…
Chukka gets approval for small hotel
Chukka Caribbean Adventures Limited has received planning approval to develop a boutique hotel at Sandy Bay, Hanover, according to filings by the planning authority. The move would diversify Chukka’s tour offerings to include…