A dozen proposals are currently being evaluated by the Jamaican government’s Generation Procurement Entity, GPE, for the supply of 100 megawatts of renewable energy to the national power grid. It forms part of…
Category: Business & Economy
Biden administration offering US$6b funding to Taiwanese microchip maker as incentive
The Biden administration pledged on Monday to provide up to US$6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the…
A.S. Bryden looking to pharmacy division for growth
With contracting margins in other divisions and limited markets for the time being, Seprod subsidiary A.S. Bryden…
Discounting on the rise in soft real estate market
Despite salary increases, persons in the lower-middle to upper-middle income bracket and the typical senior civil servant are hard-pressed to balance their household budgets, and real estate purchases are feeling the knock-on effects,…
Punters’ luck squeezes SVL profit
A fourth-quarter purple patch for players of the lottery and sports betting games offered by Supreme Ventures Limited, SVL, put more winnings in their pockets and shrank profit by a fifth at the…
Big biometrics project to unfold at airports, cruise port
The Jamaican Government plans to start generating real-time data on the millions of persons entering the country by air and sea, using face scans and other biometric information that will be accessible by…
Powell: Fed still sees rate cuts this year
Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said on Wednesday, despite recent reports showing that the United States economy is still strong and that…
Honey Bun heading to Angels
The success of the Shorty bread line has prompted baking company Honey Bun to invest a billion dollars in its expansion. A new production facility is to be set up at the MJS…
Luxury loans drive Dolla’s profit
Microlender Dolla Financial Services Limited made a profit of $419 million at year ending December, bettering the previous year’s performance by 50 per cent as more customers offered up their luxury possessions as…
Tropical Battery ebike venture stalls
Tropical Battery’s expected foray into the electric vehicle market through the distribution of ebikes is in limbo as the energy company awaits clarity from the Jamaican government on its tax policy regarding EVs….
