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Category: Business & Economy

Business & Economy

GPE 100MW clean energy project gets a dozen bids

infojamaica
April 10, 2024

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…

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Business & Economy

Biden administration offering US$6b funding to Taiwanese microchip maker as incentive

infojamaica
April 9, 2024

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…

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Business & Economy

A.S. Bryden looking to pharmacy division for growth

infojamaica
April 7, 2024

With contracting margins in other divisions and limited markets for the time being, Seprod subsidiary A.S. Bryden…

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Business & Economy

Discounting on the rise in soft real estate market

infojamaica
April 7, 2024

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,…

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Business & Economy

Punters’ luck squeezes SVL profit

infojamaica
April 5, 2024

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…

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Business & Economy

Big biometrics project to unfold at airports, cruise port

infojamaica
April 5, 2024

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…

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Business & Economy

Powell: Fed still sees rate cuts this year

infojamaica
April 4, 2024

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…

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Business & Economy

Honey Bun heading to Angels

infojamaica
April 3, 2024

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…

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Business & Economy

Luxury loans drive Dolla’s profit

infojamaica
April 3, 2024

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…

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Business & Economy

Tropical Battery ebike venture stalls

infojamaica
March 31, 2024

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….

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