Jamaica’s aviation regulator wants to develop a master plan that addresses expected passenger growth, the dearth of local operators, and the impact of aircraft such as drones, the technology around which is still…
Category: Business & Economy
Airlines required to give automatic cash refunds for cancelled, delayed flights
The Biden administration issued final rules on Wednesday to require airlines to automatically issue cash refunds for things like delayed flights, and to better disclose fees for baggage or cancelling a reservation. The…
Gas prices down
The price of gas is going down by $1.06 on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $176.20 per litre and a litre of E-10 90 will sell for…
GOJ selling 40% of mortgage bank prior to IPO
The planned divestment of Jamaica Mortgage Bank, JMB, via the stock market contemplates a carve out of a large chunk of the bank for sale to a key investor prior to the public…
Creditors vote to extend Specialty Coffee bond
Bondholders in Specialty Coffee Investments Company Limited, an outfit connected to businessman and investor Michael Lee-Chin, voted to extend the maturity of a bond by three months, but more negotiations could follow. The…
Coffee roastery in Finland launches AI-generated blend
An artisan roastery based in the Finnish capital has introduced a coffee blend that has been developed by artificial intelligence, in a trial in which it’s hoped that technology can ease the workload…
Yaneek Page | Lawmakers must help small businesses navigate the regulatory maze
What do the following laws have in common from a small business owner’s vantage point? • Companies (Amendment) Act, 2023 • Copyright (Amendment) Act, 2023 • The Sexual Harassment Protection and Prevention Act…
Stocks add over $70b of value in first quarter
The value of equities on the Jamaica Stock Exchange rose just above $2 trillion at the end of the March quarter, with some market experts describing the period as one of quiet buying….
Evergo Jamaica going clean with renewable energy EV charging hubs
With plans to grow to 200 or more electric vehicle charging ports, Evergo Jamaica is aiming to introduce a new charging network to the market, branded as Evergo Connect, but there are regulatory…
GK Investments takes bigger stake in Spur Tree Spices
GK Investments Limited, a member of the GraceKennedy food and financial services conglomerate, has increased its shareholding in Spur Tree Spices Jamaica Limited to one-fifth, positioning it as the second-largest owner of the…