Published:Wednesday | February 14, 2024 | 12:07 AM
DUBAI, United Arab Emirates: THE CEO of ChatGPT-maker OpenAI said yesterday that the dangers that keep him awake at night regarding artificial intelligence are the “very subtle societal misalignments” that could make the systems wreak havoc. Sam...
JAMAICA PLANS to develop an offshore company registry as its next step in the process to attract a portion of the funds that flow to International Financial Service Centres (IFSC) like the Cayman Islands, Switzerland, and others. “The Companies...
Consular officials from the United States (US) Embassy in Kingston have taken to TikTok to encourage Jamaicans to apply for its agricultural worker’s programme. The US consular team also recently hosted a live discussion on the H-2 Worker Programme...
Published:Wednesday | February 14, 2024 | 12:05 AM
Of the more than 100 microlenders who have applied for certification by the Bank of Jamaica (BOJ), 42 are now approved, according to data from the central bank. This is an increase over the 27 approvals disclosed in December 2023. The BOJ, the new...
Motorists will pay $1.56 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $166.70 per litre and a litre of E-10 90 will go for $172.81. Automotive diesel oil will move up by...
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. Growing confidence in an economic recovery, particularly in the United States (US), has...
National Commercial Bank (NCB), the largest bank in the island, said that its backlog of fraud cases under investigation was cut in half after implementing two anti-fraud measures. Also, the parent of the bank known as NCB Financial Group defended...
There are new regulations coming for virtual asset providers in Jamaica, which are said to be offshore. In Jamaica, the Financial Services Commission (FSC) is currently conducting a risk assessment on virtual assets service providers (VASPs). This...
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton...
TOKYO: The Japanese government adopted plans on Friday to scrap its current foreign trainee programme, which has been criticised as a cover for importing cheap labour, and replace it with a system it says will actually teach skills and safeguard...
The National Environment and Planning Agency (NEPA) has stepped in as longtime residents of Central Avenue in the area often called Camperdown pleaded for relief. At issue is a previously unused tract of land that is now being used as a holding...
There are not as many retirement schemes (RS) as superannuation funds (SF) and they have far fewer assets, but their membership exceeds that of the SF as they keep opening a path to people who previously had no way to secure a formal pension. At...
Today’s article is about risks, insurance, trucks, and regulation. The metal door plug that flew off an Alaska Airlines Boeing 737 in midair last month contributed to my decision to write about these things. The other reason was an event I...
A new demand side study on financial inclusion published by the Bank of Jamaica (BOJ) indicates that some retail merchants (small and micro-sized) did not offer digital payment options to consumers. The BOJ has responsibility for coordinating the...
How many daily productive hours can we expect from full-time employees in 2024? Fewer than you may think. Research suggests that the average worker is only productive for three to four hours at best, per eight-hour workday, a norm which...
ST. GEORGE’S, Grenada: The Grenada government raised an estimated EC$15 million (one EC dollar=US$0.37 cents) on the Eastern Caribbean Securities Exchange (ECSE) through the issue of its first 91-day Treasury bill for this year. “On the Regional...
GEORGETOWN, Guyana: The government of India has signalled an interest in signing a multi-year oil-purchase deal with Guyana. This was disclosed by Minister of Natural Resources Vickram Bharrat, who held talks with India’s Minister for Petroleum...
The calling of margin loans associated with the execution of a mergers and acquisition strategy is at the heart of legal action by listed investment house VM Investments against digital media company iCreate. The ‘calling’ of a loan happens when a...
The Planning Institute of Jamaica (PIOJ) launched its Inclusive Growth Index Framework (IGIF) which will track the island’s social and sustainability progress annually, as a means of capturing new growth areas in the society overlooked by the main...
BRIDGETOWN, Barbados: Transportation across the region received a boost on Wednesday with interCaribbean Airways’ inaugural direct flight from Kingston, Jamaica, to Bridgetown, Barbados, landing at the Grantley Adams International Airport....
The number of Americans filing for jobless claims fell last week despite more layoff announcements from high-profile companies recently. Applications for unemployment benefits fell by 9,000 to 218,000 for the week ending February 3, the Labor...
BERLIN: German Chancellor Olaf Scholz pushed for further United States (US) and European aid for Ukraine as he set off yesterday for a visit to Washington, declaring it was time to send Russian President Vladimir Putin a “very clear signal” that...
BANGKOK: Chinese shares rose yesterday as investors appeared to welcome Beijing’s choice of an industry veteran to head its securities watchdog, in its latest effort to boost confidence in ailing markets. Wu Qing, a former chair of the Shanghai...
If investing partners in the Jamaican franchise holder of BirdShack have their way, there will be at least 15 stores in Jamaica by the end of 2026, including one in every major town in the island. On February 7 Arya QSR, holders of the...
