It can be challenging for people who do not earn a consistent stream of income, because of self-employment, seasonality of employment, and commissioned-based employment, to manage their money effectively, but there are practical…
Category: Business & Economy
Rum fight getting more spirited
Spirits Pool Association Limited, which represents most of Jamaica’s rum distilleries, has pushed back against lawyer and rum consultant Howard Mitchell’s support for ageing Jamaican rum abroad. It comes amid an industry dispute…
Innovative Energy to distribute electric golf carts
Innovative Energy Group Limited, IEG, formerly known as Ciboney Group, is entering into the distribution of electric golf carts across the region to augment its energy business. The group earned $100-million profit for…
Musk to refocus on Tesla job as profit plunges
Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits. Musk said on a…
Soft air travel halves Knutsford bus profit
Knutsford Express Services Limited, a luxury bus service popular among tourists and Jamaican commuters, faced rising costs as air travel slowed. For the February third quarter, its profit was sliced in half, dropping…
Eppley takes over Stratus fund
Investment company Eppley Limited has acquired full control of Stratus Alternative Funds SCC from partner NCB Capital Markets Limited, NCBCM, but the value of the transaction was not disclosed. Five years ago, NCBCM…
Planning ahead to counter climate vulnerability
The 2025 Atlantic Hurricane Season will begin on June 1 or in about 40 days’ time. The island, its Caribbean and other neighbours, were severely affected by hurricane events last year. Because of…
Farm raiders go high-tech with drones and truck hijackings
Farm thieves are turning to drones and the hijacking of trucks despite an overall fall in violent crimes. Agribusiness leaders say they are experiencing high levels of theft, and that rising security costs…
China’s economy grew 5.4% in the first quarter as exporters rushed to beat Trump’s tariffs
China’s economy expanded 5.4 per cent from January to March compared to year-earlier levels, the government said Wednesday, supported by strong exports ahead of US President Donald Trump’s rapid increases in tariffs on…
Sandals Montego Bay to build overwater rooms
Sandals Montego Bay plans to spend US$9 million (J$1.4 billion) on the construction of overwater bungalows and villas, its third on the island. The project will introduce 18 overwater bungalows and 10 villa-style…
