Business
Motorists will pay $0.25 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $171.35 per litre while a litre of E-10 90 will go for $177.46. Automotive diesel oil will move...
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India-born Singaporean business executive Rajeev Suri has been appointed Chairman of the Digicel Group. Suri, a former president and chief executive officer of Nokia, replaces Denis O'Brien, who will continue on the board and remain a...
Power utility Jamaica Public Service Company, JPS, plans to add nearly 300 megawatts of energy to the national electricity grid in support of the government's 50 per cent renewable energy target. It has put out tenders seeking engineering and...
Juice maker Trade Winds Citrus Limited says fruit supplies continue to fall, affecting both local supplies and exports. The volumes of citrus sold by the company was down nine per cent last year, but revenue still climbed by 10 per cent, said...
First Rock Real Estate Investments is looking to again grow its holdings in Costa Rica through First Rock Latam One SRL, with its newest project being the development of new stores for a KFC franchise operator. The company is deepening its...
The net worth of Cargo Handlers Limited, CHL, now hovers at just under $1 billion, arising from a twenty per cent growth in capital at year ending September despite a small slip in profits. The wharf operator, which is nearly debt-free, also has a...
Panama’s Supreme Court on Tuesday unanimously declared unconstitutional a 20-year concession for a Canadian copper mine that had sparked weeks of protests by environmentalists and others, who argued it would damage a forested coastal area and...
This year’s monsoon season in India was devastating, with local governments estimating 428 deaths and more than US$1.42 billion in property damage in the region. But India was just one of many developing nations to suffer from extreme weather made...
Tesla on Monday filed a lawsuit against the Swedish state via Sweden’s Transport Agency as striking postal workers in the Scandinavian country halted the delivery of licence plates of new vehicles manufactured by the Texas-based automaker. Tesla is...
Dubai continued preparations to host the COP28 climate talks Tuesday as some world leaders including United States President Joe Biden signalled they would not be attending the negotiations that come during the ongoing Israel-Hamas war roiling the...
Already on a long winning spree, capital has just scored another big victory in a clash over the ethics of artificial intelligence. In the drama over OpenAI CEO Sam Altman’s sudden firing and rehiring, a nonprofit company with a mission to...
Greenpeace activists have boarded a deep-sea mining ship in the Pacific Ocean between Hawaii and Mexico and say they’ll stay to protest exploration the ship is conducting to support activity that would destroy marine life. Canada-based The Metals...
Technology company Amber Connect has set up shop in Dubai in the United Arab Emirates. The office, with an initial staff of 10 and an investment of US$500,000, will act as regional headquarters from which Amber will target 19 countries in the...
Jamaica Bauxite Mining Limited, JBM, is moving ahead with two of its commercial projects that have been in the works for a while, with a search for joint venture financing partners now under way. The indicative cost of the projects is about $4...
The Pesticides Control Authority, PCA, is seeking the overhaul of current legislation governing the use of substances, including herbicides and insecticides, the main objective being measures that are prohibitive enough to deter illegal operators...
In 1972, according to the world’s most popular search engine, the National Literacy Board. NLB, was set up to eradicate illiteracy in Jamaica within four years. Two years later, the NLB was restructured and the programme renamed – or rebranded, to...
