Shares of Nvidia slid early Monday after China said it is investigating the high-flying American microchip company over suspected violations of Chinese anti-monopoly laws. In a brief press release with few details, Chinese…
Category: Business & Economy
Farmers reaping less than 5% from spice trade, study reveals
Although the quality of Jamaica’s spices is considered among the best in the world, the farmers who grow ginger, turmeric and pimento are earning very little from their endeavours, with most of the…
Two new Hi-Lo supermarkets by 2026
Plans are far advanced to add two new outlets to the Hi-Lo supermarket chain by 2026, at a cost of more than $1 billion. The two new stores are to be located in…
United pauses oil talks until 2025 amid cash burn
Cash-strapped United Oil…
Seprod hunts sustainable feed as it grapples with dairy farm losses
Smarting from a possible quarter-billion dollars in losses on its farm operations, distribution and manufacturing conglomerate Seprod is in search of a economical solution for feeding the cows at its dairy farm, and…
US senators grill officials from five airlines over fees
Members of a United States Senate subcommittee took aim at airline executives Wednesday for using an expanding menu of fees to charge customers for early boarding, better seats and other comforts that used…
Gas prices down $3.06
Motorists will pay less for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $3.06 to sell for $155.07 per…
NCB Financial wants staff to upskill to double profits
Michael Lee-Chin, chairman of NCB Financial Group Limited, plans to help his workforce of over 5,560 become “exportable” to drive growth and double profits. It aligns with the investor’s broader philosophy for freer…
FTC recommends central sharing system for credit bureaus to benefit consumers
The Fair Trading Commission, FTC, is projecting $54 million in savings for consumers over three years, if the credit bureau sector were to set a central sharing system. Such a system, it said,…
Debt collectors seek recognition under the Data Protection Act
Stating that they play an important role in the functioning of Jamaica’s economy, debt collection agencies are pushing for greater recognition from the government so they can have greater leverage to recover monies…