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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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-...
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...
QUESTION: I own a services business in Jamaica in a competitive space. I am centrally located. However, my landlord just notified me that the rent will increase, come January. Things are going up in price, so I can tell already that 2026 will bring...
A strong stock market is good – for governments, businesses, individuals and the economy. It shows that companies are making profit and creates opportunities for investors to make money. To believe that it brings endless joy and prosperity, though...
The September 25, 2025, flood rains that battered Kingston and St Andrew, occurred nearly 12 months after a similar event inundated the rural village of John’s Hall, St James. A resident, according to this newspaper, said it was her first time...
After five decades at the helm of one of Jamaica’s private and community-rooted waste management companies, Dorothea Gordon-Smith is preparing to hand over the reins of Garbage Disposal...
Police in Northern California were understandably perplexed when they pulled over a Waymo taxi after it made an illegal U-turn, only to find no driver behind the wheel and therefore, no one to ticket. The San Bruno Police Department wrote in now...
Six months after Elon Musk left the Trump administration, to the great relief of Tesla investors worried about boycotts, the world’s richest man has announced some good news: Sales of Tesla cars are back. Well, maybe. The EV maker run by Musk...
For at least the last 150 years, state intervention in picking individual industries and firms to support has been shown to undermine productivity and weaken economic performance. When political considerations outweigh sound commercial judgement,...
With the outsourcing sector in Jamaica facing a level of uncertainty at this time, developers of real estate are putting their construction dollars towards space for other types of businesses. Dayton Wood, chairman of the Jamaica Developers...
Elite Diagnostics Limited, a provider of medical scanning services, posted net profit of $32 million, or nine cents per share, for the year ending June, a 22 per cent increase driven by steady growth and new debt financing. “The business maintained...
Petrojam Limited, operator of Jamaica’s state-owned oil refinery, is acquiring a new mobile crane. “The procurement opportunity is an urgent one,” said Elon Parkinson, communications manager at Petrojam. The crane, intended to arrive by December,...
