Pharmaceutical distributor Indies Pharma Jamaica Limited is expected to tackle the development of its prime real estate holding at Ironshore in Montego Bay, having raised funds to refinance existing debt and for investment. The company issued a new...
JN Bank Limited met tougher regulatory capital requirements in its 2025 financial year ending March, while also posting higher pre-tax profit and fewer impairment losses, its newly released financial results show. It marks a steady recovery from...
R.A. Williams Distributors Limited made a net loss of $1.9 million for the first quarter ended July, reversing a profit of $24 million for the same period last year. The company attributed the downturn to higher expenses, including its sponsorship...
Caribbean Producers Jamaica Limited, CPJ, will have a new interim boss at month-end, and has eliminatea a management position, as the new owner eyes further expansion. Juan Baez will step in as interim CEO, while Nicholas Hospedales will step down...
Published:Thursday | September 25, 2025 | 11:29 AM
The Companies Office of Jamaica, COJ, is expanding at its current location at Grenada Way in New Kingston to better serve clients but is making plans to relocate within two years, Minister of Industry, Investment and Commerce Aubyn Hill has said....
Published:Thursday | September 25, 2025 | 12:09 AM
Soon people will be able to use satellite technology and artificial intelligence to track dangerous soot pollution in their neighbourhoods – and where it comes from – in a way not so different from monitoring approaching storms under plans by a non...
Published:Wednesday | September 24, 2025 | 12:08 AM
Spirit Airlines plans to furlough 1,800 flight attendants before the end of the year, the cash-strapped budget carrier said Monday. The company said it made the “difficult decision” to put cabin crew members on temporary leave to match staffing...
Published:Wednesday | September 24, 2025 | 12:08 AM
Oil company ExxonMobil Guyana says that along with its contractors, it has spent an estimated US$2.9 billion with Guyanese businesses since operations began in 2015. In addition, the oil and gas company said US$419 million have been spent in the...
Published:Wednesday | September 24, 2025 | 12:06 AM
Tech giant Oracle will spearhead American oversight of the algorithm and security underlying TikTok’s popular video platform under the terms of a deal laid out this week the Trump administration. All the final details still need to be nailed down...
Published:Wednesday | September 24, 2025 | 12:06 AM
Caribbean Flavours and Fragrances Limited, CFF, is on track to deliver its best financial performance in 2025, following robust earnings in the first six months of 2025. The company, a subsidiary of Derrimon Trading Limited, reported a net profit...
Published:Wednesday | September 24, 2025 | 12:06 AM
Derrimon Trading Company Limited is taking steps to deleverage, an issue that has become a priority for the group amid concerns by its auditors. CEO Ian Kelly disclosed that discussions were under way with some creditors to refinance portions of...
Published:Wednesday | September 24, 2025 | 12:06 AM
Four months after its official opening, the Morant Bay Urban Centre, MBUC, confirmed tenants are retrofitting their allotted spaces but are yet to start doing business there. The 365,000-square-foot commercial complex, which opened in May, is...
Chipmaker Nvidia will invest US$100 billion in OpenAI as part of a partnership announced Monday that will add at least 10 gigawatts of Nvidia AI data centres to ramp up the computing power for the owner of the artificial intelligence chatbot...
Prime Minister of Canada Mark Carney and President of Mexico Claudia Sheinbaum promised Thursday to strengthen trade relations in the face of US tariff threats and pushed to keep the most important free trade agreement in the Western Hemisphere...
When Cassie Ridgway held her first clothing swap in Portland, Oregon, 14 years ago, she had a few goals: keep clothes out of landfills, help people find free fashion treasures and build community. The swap attracted about 150 people, and grew from...
The Garfield Batts Hotspot Solutions Foundation, GBHSF, was launched at Mr Batts’ funeral service at the St Jude’s Anglican Church, Stony Hill on September 13. He died while driving home to Kingston through the Bog Walk Gorge when his vehicle left...
Low and stable inflation contributes to economic stability and economic growth and is good for the general economy, businesses and individuals. Low inflation fosters confidence and optimism. Businesses are better able to predict future costs and...
Is the agriculture sector fated to die out? Globally, the average age of farmers has been steadily creeping up, approaching 60 in developed countries. This leaves the sector, which supplies roughly one-quarter of jobs worldwide, in a bind. Unless...
QUESTION: I’m in corporate but don’t plan to stay for more than a few more years. I have a few registered businesses and God is also calling me into ministry. I need help organising my business life so I don’t fall into the scam of working and...
Entrepreneurs involved in the production of clothing locally say the sector remains viable but mostly in particular niches, as garment makers are unable to compete with cheaper imports, mainly from China. Custom-made clothing, including corporate...
Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing US$5 billion in Intel and will collaborate with the struggling semiconductor company. The two companies will team up to work on custom data centres that form the...
My life’s mission has been to create safe, beneficial AI that will make the world a better place. But recently, I’ve been increasingly concerned about people starting to believe so strongly in AIs as conscious entities that they will advocate for ‘...
First Rock Real Estate Investment Limited and its subsidiary FCH Jamaica Developers Limited has settled their debt with Sagicor Bank Jamaica Limited, utilising the proceeds of a corporate note structured and arranged by Mayberry Investments Limited...
Jamaican businesses are bracing for a potential uptick in prices, despite falling annual inflation, which was estimated at 1.2 per cent in August, one of the lowest levels in recent years. “Respondents indicated that they expected the largest...
The Fair Trading Commission, FTC, has released draft guidelines that could shake up the system utilised by certain companies to select third-party service providers. Customers are often directed to the so-called ‘panels’ for certain services,...
