Winston Simpson, CEO of the Rural Agricultural Development Authority, RADA, says farmers who at first were sceptical about crop insurance have become more bullish since the recent rains after the payments arrived from…
Category: Business & Economy
Housing inventory static as mortgage volumes decline
Mortgage volumes are on the decline according to the Planning Institute of Jamaica. Meanwhile, the Developers Association is citing an overhang in construction units that are unsold on the market. Housing completions by…
Hogwash!
MEMBERS of the small business community in the country have poured cold water on statistics coming out of J.E.T.S. Limited, the operator of the MultiLink payment system, that state that up to 95…
Spending ramped up during the holiday
JAMAICANS ramped up sending this holiday season, conducting just under $40 billion worth of transactions even as many were still wrestling with higher prices in some areas and other financial worries, according to…
Settlement bonanza
FORMER NCB Financial Group executives Patrick Hylton and Dennis Cohen are now amongst the financial conglomerate’s largest shareholders in the aftermath of their $6-billion separation package from the company earlier this year. The…
Remittance market still soft, companies jockeying for business
MoneyGram’s super-agent in Jamaica, Lasco Financial Services Limited, has faced several headwinds. Higher MoneyGram commissions led to declining revenue per transaction, during Lasco’s past financial year, although remittance volumes increased by…
Tropical Battery’s expansion yields record-breaking revenue
TROPICAL Battery Company Limited’s recent expansion into the Dominican Republic’s market has yielded record-breaking results, with a gross operating revenue of $782.8 million over the past nine months. This figure represents an 18.3…
Trade cramp seen as likely in 2024 as Panama struggles with drought
Winston Simpson, chief executive of the Rural Agricultural Development Authority, RADA, says falling water levels in Panama, which affect the ability of larger vessels to pass through the canal, will likely impact Jamaica…
New York Times sues OpenAI, Microsoft over the use of its stories to train chatbots
The New York Times has filed a federal lawsuit against OpenAI and Microsoft seeking to end the practice of using its stories to train chatbots, saying that copyright infringements at the paper alone…
Gas prices up $2.06, diesel up $0.95
Motorists will pay more for fuel when they go to the pumps on Thursday. E-10 87 is to move up by $2.06 to sell for $168.45 per litre and a litre of E-10…