With its revenue and profits up in 2024, so far, online shopping and logistics company Mailpac Group Limited says it is improving its customer service and sprucing up its locations while remaining open…
Category: Business & Economy
US prohibits airlines from flying to Haiti, UN suspends flights
The Federal Aviation Administration in the United States announced Tuesday that it was prohibiting US airlines from flying to Haiti for 30 days after gangs shot three planes and the United Nations temporarily…
New Fortress seeking partners to take on Jamaica, regional energy assets
New Fortress Energy, NFE, supplier of the gas that fuel’s most of Jamaica’s electricity generation, is seeking partners to take on its local and regional assets. The deal would see investors partnering to…
Lee-Chin to meet with coffee bondholders
Investor Michael Lee-Chin plans to meet with bondholders over the delayed repayment of the Specialty Coffee Investment Limited bond. Lee-Chin, the principal owner of Specialty Coffee, said the meeting will provide updates and…
UN climate talks to focus on funding for poor nations
A complex international two-week-long game of climate change poker is convening. Curbing and coping with climate change’s worsening heat, floods, droughts and storms will cost trillions of dollars and poor nations just don’t…
Infrastructure, land use seen as hurdles to Jamaica becoming a logistics hub
High shipping costs, outdated infrastructure and the proper use of the land around the Port of Kingston have been identified as some of the hurdles that need to be overcome if Jamaica is…
Omni profits in slow economy
Omni Industries Limited, a trader in plastic products for household and industrial use as well as supplier of pipes and fittings, reported higher profit despite an economic slowdown and the impact of Hurricane…
Raoul Glynn no longer WITCO’s managing director following probe
Raoul Glynn is no longer Managing Director of the Trinidad-based West Indian Tobacco Company (WITCO) following an internal investigation. He is also no longer Country Manager for British American Tobacco (BAT) Caribbean. A notice…
MPCCEL selling Paradise solar holdings
MPC Caribbean Clean Energy Limited , MPCCEL, announced plans to sell its shares in Paradise Park, a solar power plant based in Westmoreland, by the first quarter of 2025. The sale price was…
Caymanas SEZ project to get under way next year
It will be more than four years before the long-anticipated Caymanas Special Economic Zone, CSEZ, is implemented, according to the President of the Port Authority of Jamaica, Professor Gordon Shirley. The CSEZ, located…