The Government aims to lease the Agricultural Marketing Corporation (AMC) Export Complex at 188 Spanish Town Road, Kingston, to investors amid a demand in warehousing property. It is the latest attempt to optimise…
Category: Business & Economy
Rubis to install 8 MW solar
Rubis, global fuel distributor, signed a deal to install an 8-megawatt (MW) capacity solar plant in Jamaica in June, part of a renewable energy push that accompanied half-year financial results released Tuesday. The…
Japan protests as China slaps new measures against its exports of a key chipmaking material
Japan has protested against Chinese controls that will limit its exports of a key chemical used to make computer chips, saying Tuesday that Tokyo is studying the potential impact on Japanese companies. China…
Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China
Jaguar Land Rover said Monday it would cut 4,000 jobs across its global workforce as it tries to cut costs and compete with Chinese electric carmakers. Britain’s biggest automaker said the job cuts…
Kingston takes the bulk of remittance growth since Melissa
Residents of Kingston and St Andrew received most of the growth in remittances since Hurricane Melissa, rather than the parishes the storm hit hardest. Jamaicans abroad sent home US$1.85 billion through remittance companies…
Jamaica offers premiums to buy back US$2.3b in bonds
The Government of Jamaica (GOJ) wants to pay out investors holding three bonds valued at US$2.33 billion, offering premiums above face value on the debt. “GOJ announces an invitation for offers to tender…
Financial insights from the rain
Three afternoons of rainfall have made a world of difference – cooler temperatures, greener, healthier-looking plants and grass. Although it is still early to say the drought has ended, the crops will bounce…
Judge orders changes to Google’s digital ads business but spares it from a break-up
A federal judge on Wednesday ordered Google to retool the system powering its monopoly in digital advertising, sparing the company from a wrenching break-up sought by the US government. The initial two-page decision…
Scams in the US are at a record high, yet most victims get no help
When Simon’s wife of 43 years passed away, it felt a bit like he’d died too. In his overwhelming grief, Simon sought companionship online, like so many other lonely widows and widowers. Almost…
Fox News parts ways with long-time host Maria Bartiromo
Fox News Media announced on Thursday that its host, Maria Bartiromo, is no longer with the company after more than 12 years. “We thank Maria for her work,” a statement read, “and wish…