Business
The Barnett Tech Park in Montego Bay suffered significant damage as a result of Hurricane Melissa, leaving more than 6,000 workers in the global services, or outsourcing, sector without a job for now. Mark Kerr-Jarrett, managing director of Barnett...
Supreme Ventures Limited, SVL, posted strong third-quarter results, but the gaming and lottery company remains cautious about the lingering effects of Hurricane Melissa, which disrupted operations in key parishes and threatens to dampen fourth-...
Dolla Financial Services Limited tripled its profit in the third quarter to $186 million, setting the stage for a new yearly record. The company’s earnings year to date, January-September, have already surpassed yearly profit for 2024,...
The Government of Jamaica will begin formal discussions in January to either renew or revoke the licence of sole power utility Jamaica Public Service Company Limited, JPS, following the close of a tender to secure a consultant to guide the process...
Vaishnavi Srinivasagopalan, a skilled Indian IT professional who has worked in both India and the United States, has been looking for work in China. Beijing’s new K-visa programme targeting science and technology workers could turn that dream into...
The head of the International Maritime Organization, an agency of the United Nations, said Monday he was continuing to “advocate and campaign” for global regulations to move the shipping industry away from fossil fuels, despite the United States...
Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-...
Saudi oil giant Aramco reported on Tuesday a US$26.9-billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market. Aramco’s results serve as a...
Several airports with major package distribution centres are on the list of airports that will reduce capacity in the wake of the US Federal Aviation Administration’s announcement of a 10 per cent reduction in flight capacity across 40 major US...
PriceSmart Inc, operator of membership warehouse clubs across the Americas, plans to double its store count in Jamaica to four by next year. “The company purchased land in Montego Bay, Jamaica, and leased land located on South Camp Road, Jamaica,...
CCRIF Spc, the Caribbean catastrophe risk insurance facility, will make a second payment to Jamaica, this time in relation to rainfall due to Hurricane Melissa. A day later, on Friday, the World Bank said it would pay out 100 per cent of Jamaica’s...
There are several estate planning tools – trusts, joint ownership, living gifts, and wills – but a will is perhaps the most common and effective means of passing on one’s assets to named beneficiaries. It takes effect after the death of the...
Today’s article is a mixture of a piece I began writing when Melissa, then a tropical storm, first threatened Jamaica. The other parts are post-Hurricane Melissa news. Like many people, I did not know then that this storm would quickly develop into...
Everyone says focus on your knitting; don’t stray outside your mandate. But the best government leaders – the ones who will be remembered 20 years from now – are doing the exact opposite. Imagine yourself leading a ministry. Your organisations,...
OpenAI and Amazon have signed a US$38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s data centres in the United States. OpenAI will be able to power its AI tools using “hundreds of thousands” of...
