The Jamaica Public Service Company (JPS) is reporting revenues of more than US$1 billion in 2022, as demand recovered from the COVID-19 slump at a time when electricity prices reached the highest they…
World Bank says war shocks to drag on Asian economies
BANGKOK, Thailand (AP) – ” Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months,…
Chinese electric vehicle brands expanding to global markets
Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favourite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto…
Jamaica to go nuclear
Prime Minister Andrew Holness has signalled the intentions of the Government to integrate nuclear energy in the country’s energy mix. Speaking at the opening ceremony of Expo Jamaica 2023 last week Thursday, April…
Bahamas central bank predicts economic growth of four per cent this year
NASSAU, Bahamas, CMC — Governor of the Central Bank of The Bahamas (CBB) John Rolle says preliminary indications are that the local economy is continuing to expand at a “healthy pace” in the…
Berger Paints targets doubling capacity
Following flat sales growth in 2022 and the inflationary impact on earnings, Berger Paints Jamaica Limited will be retooling its operations as it plans to double its capacity and improve its plan to…
Lydford Mining partners with American company Vulcan to triple exports
Lydford Mining has entered into a sales arrangement with Vulcan Materials, one of the largest producers of construction aggregates in the United States, an agreement that’s poised to triple the amount of aggregates…
GK to make cashless push in new Caribbean markets
Aiming to deploy its cashless app across Caribbean markets for remittances and other services, GraceKennedy Money Services, GKMS, is in talks with regulators in various countries. It’s immediate regional target markets for the…
NHT hunting for low-income housing developers
While still committed to its Guaranteed Purchase Programme, GPP, which was introduced five years ago to improve the pace of delivery of residences to the market, the National Housing Trust is now prospecting…