Fri | Jun 9, 2023

Business

Proponents of crypto assets are trying to make the case that trade among Caribbean countries can double from current levels of US$2 billion by adopting digital money as complementary currency for transactions. One of the selling points was that...
Anand Biradar, head of delivery for the Americas, Sagility LLC.

Sagility LLC, formerly known as HGS Healthcare, has added a fifth call centre operation in Jamaica, having spent US$7 million on kitting out space in Angels, St Catherine, to accommodate local employees. The new site, spanning 75,000 square feet at...

Billed as a panoramic, ocean-view, luxury development, Ocean’s Edge should have been on the market from October 2021, but it’s currently on pause, and the delays and missed deadlines have left investors fuming. Andrew James, chairman of the Real...

Experts clashed over whether funds should flow towards winning sectors such as tourism, as opposed to investing in ‘losing’ sectors such as education to spur economic growth, during a forum convened by Jamaica’s leading corporate lobby. Growth...

Seprod Limited is rebuilding the warehouse that was destroyed by fire at the Facey Commodity complex located within Kingston’s industrial belt, although it doesn’t own the facility. Signs of the construction emerged two months ago, but Seprod CEO...

GraceKennedy Limited is adding seven new Hi-Lo stores by 2030, the next of which will open in Mandeville, Manchester. The Mandeville store will mark the supermarket chain’s return to the central Jamaican town after a decade-long hiatus. Hi-Lo...

The United Kingdom Privy Council has upheld a ruling by the Jamaican Court of Appeal that telecommunications provider Cable...

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic. That’s the latest outlook of the World Bank, a 189-...

Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The...
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