Private companies in Jamaica and the wider Caribbean are building artificial-intelligence (AI) tools into their operations even though the Government’s national AI policy is still being drafted, according to the head of the…
Category: Business & Economy
Tesla’s new Roadster car can thrust itself into the air, but don’t expect to drive it anytime soon
Tesla has unveiled its new Roadster sports car, which can thrust itself into the air, among other engineering bells and whistles. But drivers shouldn’t expect to take it for a spin anytime soon….
Highest inflation in four years will result in ‘some hardships’ says Dr King
Jamaica’s annual inflation rate climbed to 8.6 per cent in September, the highest since December 2022 and above the Bank of Jamaica’s (BOJ) four-to-six per cent target range, according to the Statistical Institute…
NaRRA’s reconstruction boom must strengthen communities and small businesses too
Picture Western Jamaica three years from now if the National Reconstruction and Resilience Authority (NaRRA) delivers fully on the ambition outlined by Prime Minister Dr Andrew Holness in his Budget Presentation earlier this…
IMF trims Jamaica’s 2027 outlook
The International Monetary Fund (IMF) has lowered its forecast for Jamaica’s economic growth in 2027, signalling a slower rebound than it expected six months ago, even as it upgraded its outlook for 2026….
Indies Pharma adds $1-billion loan from NCB at higher cost, but profit rises
Indies Pharma Jamaica Ltd earned higher profit for its latest quarter but replaced an earlier bond with a $1-billion issue at a higher interest rate. It comes as the drug distributor rebounds from…
Wigton Energy slashes over $800 million in debt ahead of solar push
Wigton Energy Ltd has cut over $800 million worth of debt in the year, clearing the way for the wind-power producer to chase solar projects even as half-year profit slipped. Its borrowing now…
US stocks sink as inflation gets worse
Worries about worsening inflation are weighing on Wall Street Wednesday and pulling the US stock market further from its record. The S&P 500 dropped 1.1 per cent and was on track for a…
The hidden bets your company makes
Imagine that your company proclaims its intent to ‘be number one’. The objective is clear, but you suspect that a commitment this simple may create more problems than it solves. If so, how…
PROVEN revises Chairman’s Report to reflect first rate hike in 17 months
PROVEN Group Ltd Chairman Mark Myers told shareholders in a revised annual report statement that “financing costs” could stay elevated amid global uncertainty. It was his first annual report statement since becoming chairman…