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…
Category: Business & Economy
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…
Climate change’s economic bite estimated at US$38t a year
Climate change will reduce future global income by about 19 per cent in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible…
Gas prices up, diesel down this week
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $2.59 to sell for $177.26 per litre…
Clarke explains why no recovery yet in $3 billion SSL fraud case
Finance Minister Dr Nigel Clarke is reporting that recovery of the more than $3 billion lost from 200 accounts in the alleged fraud at Stocks and Securities Limited (SSL) cannot start until after…
Confidence flat amid rising concerns over income and crime
The consumer and business confidence indices for the first quarter of 2024 were flat relative to the previous quarter, weighed down by concerns about crime and spending power. Consumer confidence stayed level at…