Business
The Ministry of Tourism plans to undertake a review of the Tourism Linkages Network, following revelations that the programme has not delivered on its core economic objectives. “The programme’s actual contribution to national income has fallen...
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Lasco Manufacturing Limited, LASM, will invest $1.1 billion by the end of 2026 to improve the efficiency of its operations. This investment is in addition to the $425 million spent on improvements in the year ending March 2025, aimed at boosting...
Wigton Energy Limited, which has set sights on becoming one of the largest owners of solar power in Jamaica, says it will take two years to build out the 70 megawatts of capacity. The company will remain focused on renewable energy, but the solar...
First Rock Real Estate Investments Limited has completed its third development project in Costa Rica. The latest project involves a modern KFC restaurant and a distribution centre and was executed through subsidiary company First Rock Latam SA. It...
Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales, but investors dumped its stock anyway. The new Model Y, costing just under US$40,000 with a stripped-down...
China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President of the...
The US Federal Reserve is much in the news currently, as White House pressure for lower interest rates calls the Fed’s independence into question. But lurking just behind the headlines is another serious issue: the regulation of banks. The Fed and...
The global economy is holding up better than expected despite major shocks, but the head of the International Monetary Fund says that resilience may not last. “Buckle up,” Managing Director Kristalina Georgieva said in a speech at a think tank...
VM Investments Limited (VMIL) is moving to enforce a Supreme Court judgment handed down in its favour against E-Media Interactive Group Limited and Kintyre Holdings Limited, as it seeks to recover funds from a failed margin loan arrangement. On...
Lasco Financial Services Limited, LFSL, says it has clinched a government contract to provide financing routes for small and medium-sized enterprises under a public-private partnership arrangement. “We will be working with them (Jamaican government...
Higher income and trading gains led the securities sector to post a sixfold rise in profit during the June 2025 quarter, according to regulator Financial Services Commission. Licensed securities dealers collectively generated $6.51 billion in pre-...
Jamaica Broilers Group Limited, JBG, continues to issue monthly updates on its financial performance amid a new disclosure that the company’s long-delayed audited results for the financial year ending May 3, 2025, as well as the first-quarter...
Lasco Distributors Limited will be focusing on its exports, as well as development of its healthcare line, to grow the company over the long term, according to Managing Director John De Silva. Speaking at the company’s annual general meeting, De...
On a recent afternoon, Kenrick Modie finished untangling his fishing net in a quiet Caribbean village. As he slipped into a hammock at his home overlooking the sea, he worried that his life and livelihood could be wiped out by a United States...
There is a growing fear that the outsourcing industry is under threat, not only from the possibility of replacing live agents with AI, but also from policy changes in America, like the proposed bill called the Keep Call Centers in America Act, that...
Semiconductor maker AMD will supply its chips to artificial intelligence company OpenAI as part of an agreement to team up on building AI infrastructure, the companies said Monday. OpenAI will also get the option to buy as much as a 10 per cent...
