West Indies Petroleum Limited, WIP, has struck a deal with American oil and gas company Sunoco to distribute marine fuel in the Caribbean, using Jamaica as a base. It comes amid a reorganisation…
Category: Business & Economy
White House fires USAID inspector general, officials say
The White House fired the inspector general for the US Agency for International Development on Tuesday, American officials said, a day after his office warned that the Trump administration’s dismantling of USAID had…
Citrus fetching record prices amid severe shortage
Citrus fruits are fetching record prices in Jamaica due to a severe shortage locally and across the globe, caused by both disease and climate events. A 90-pound field box of oranges costs about…
Image Plus revenue clipped by machine downtime
Medical imaging company Image Plus Consultants Limited, IPCL, was looking towards reaping a return on investment in new machines installed recently. But according to CEO Kisha Anderson, increased costs and machine downtime have…
Apple iPhone sales slip despite highly anticipated AI rollout
Apple disclosed that its iPhone sales dipped slightly during the past quarter, signalling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race…
Progress on SIPPA
Two associations representing small businesses in Jamaica have welcomed the move to amend the laws governing the use of personal property to acquire loans and hope the change will make it easier for…
Progress on SIPPA
Two associations representing small businesses in Jamaica have welcomed the move to amend the laws governing the use of personal property to acquire loans and hope the change will make it easier for…
Innovative Energy turns a profit but capital base still needs strengthening
Innovative Energy Group Limited, IEG, formerly known as Ciboney Group, has made a profit following the acquisition of IEC Limited. IEG acquired Ciboney as a shell company in mid-2023, via purchase of the…
Caribbean Venture fund investing in Doorstep Jamaica
Doorstep Jamaica, the food delivery app formerly called Cutdiline, has sold a stake in the business to a fund whose minority owner includes Afrobeats artiste Burna Boy. The size of the acquisition was…
JN Financial inks $2.5b loss, third year in red
JN Financial Group Limited is offloading assets amid its third straight year of losses. The group, known as the largest mortgage lender in Jamaica, sold the bulk of JN Bank UK last September…