SOURCES CLOSE to the management of assets in the Stocks and Securities Limited (SSL) fraud matter say that former sprinter Usain Bolt would not have received anything from assets disbursed or assigned to…
Category: Business & Economy
BOJ concerned about labour
THE FALL in Jamaica’s labour productivity concerns the Bank of Jamaica (BOJ), which now sees inflation cooling down in 2025 towards the target range, rather than this year. “The domestic labour market remains…
Seprod scores big on exports
MANUFACTURING AND distribution company Seprod is doubling down on its export strategy as it targets 30 per cent of its production base for exports by December 2025. In its just-released fourth-quarter report, the…
Biden boosting cybersecurity at US ports
WASHINGTON: UNITED STATES (US) President Joe Biden signed an executive order yesterday and created a federal rule aimed at better securing the nation’s ports from potential cyberattacks. The administration is outlining a set…
PIOJ reports estimated 1.9 per cent growth for December 2023 quarter
The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by an estimated 1.9 per cent during the October to December 2023 quarter, compared with the corresponding period in 2022. Speaking…
Gas prices down $0.33, diesel down $0.60
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $0.33 to sell for $166.37…
Remittances dipped by J$10 billion in 2023
PERSONS BASED overseas sent US$3.13 billion in remittances to Jamaicans in 2023, which equated to a 2.0 per cent fall, or the largest slide in at least a decade, according to Bank of…
NCB Staff Association scores landmark win on profit share
The National Commercial Bank (NCB) Staff Association has triumphed in Jamaica’s final appellate court, the Privy Council. This comes as NCB lost its appeal in a long-running legal fight with workers seeking their…
Video game actors letting AI clone their voices but don’t want it to replace them
If you are battling a video game goblin who speaks with a Cockney accent, or asking a gruff Scottish blacksmith to forge a virtual sword, you might be hearing the voice of actor…
JMMB DOUBLE WINDFALL
FINANCIAL CONGLOMERATE JMMB Group benefitted from a double windfall that resulted in the rocketing of its profit and capital. JMMB made profit of $15.1 billion for its December 2023 third-quarter, or 278 per…