TransJamaican Highway Limited is looking ahead to better business. Managing Director Ivan Anderson says he’s encouraged that traffic volumes are back up, enough to turn a small first quarter profit. “It’s a good start because, for the first time...
Evergo Jamaica, through its parent company InterEnergy Group Limited, is investing roughly $150 million in the rollout of 60 electric vehicle charging stations across Jamaica by year-end. The company has already installed four charging stations in...
ADVERTORIAL: MC SYSTEMS Members of the micro, small and medium enterprises are being urged to embrace technologies such as artificial intelligence, data analytics and automation to improve customer service and take their businesses to the next...
First Rock Capital Holdings has invested an undisclosed sum in a multistorey complex in Central America, through subsidiary First Rock Capital Latam. The 160-room complex, called Torres Los Yoses, is being developed by Grupo Inmobiliario del...
Tech company Amber Connect, a provider of vehicle-tracking and fleet-monitoring services, has expanded to seven more markets, including New Zealand, it announced via a press release. The other six are regional markets, Aruba, Bonaire, St Martin,...
Food distributor Everything Fresh Limited, EFresh, has launched a snack line following a review of its business, which produced losses of $181 million for year ending December 2020. Concurrently, the company is finalising plans to exit at least...
Housing developer West Indies Home Contractors Limited, WIHCON, is pumping funds into research and development around prefabricated steel and container homes as more affordable options for homebuyers at the mid- to lower end of the residential...
Electric carmaker Tesla will stop accepting bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid increasing use of fossil fuels for bitcoin mining and transactions, especially coal...
A global shortage of computer chips has forced automakers to slash production. The result has been far fewer vehicles on dealer lots, just as the waning pandemic has fuelled a pent-up consumer demand for cars, trucks and SUVs. With shrunken supply...
GraceKennedy Limited began stepping up its programme to digitally transform the group from last year, having poured US$25 million into its tech infrastructure in the past five, and now it’s gone further to bring an expert on board. But...
P ortland JSX Limited has cycled back into its investment phase, taking a small stake worth US$52,534 in a Colombian speciality food company on March 4, according to a disclosure in its newly released audited results. In keeping with its alliance...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday by over 690 points or 0.16 per cent to close at 429,323 points. The index closed with an advance / decline ratio of 42/38. The JSE Main Index advanced by 732.14 points ( 0.17 per...
State and federal officials are scrambling to find alternate routes to deliver gasoline in the southeast United States after a hack of the nation’s largest fuel pipeline led to panic-buying that contributed to more than 1,000 gas stations running...
A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its owner to become a separate company. L Brands, based in Columbus, Ohio, has been shopping the struggling...
• Sagicor Investments Jamaica Limited has developed an online platform called InvestorCore Jamaica – investorcorejamaica.com – to educate investors and provide information free of cost about the local and regional financial market, as well as...
Natural gas supplier New Fortress Energy, NFE, confirmed plans to sell its power plant that was recently constructed at the Jamalco alumina refinery complex in Clarendon, and says the sale could happen within months. The company gave no indication...
Malaysia’s finance ministry said on Monday that sovereign wealth fund 1MDB and a former subsidiary have filed 22 lawsuits to recover assets worth over US$23 billion from various institutions and individuals. 1MDB was set up by former Prime Minister...
National Housing Trust (NHT) secured mortgage buyout deals with three financial companies that it partners with under the Joint Financing Mortgage Programme, JFMP, but is keeping the details of the transactions under wraps. The size of the buyout...
Financial conglomerate Sagicor Group Jamaica, SGJ, has turned the page on a crisis-hit 2020 with improved results for the quarter ending March, a performance that President...
Economic reporting about China focuses far too much on total gross domestic product and not enough on per capita GDP, which is the more revealing indicator. And this skewed coverage has important implications, because the two indicators paint...
The card that millions of people use to prove their identity to everyone from police officers to liquor store owners may soon be a thing of the past as a growing number of states develop digital driver’s licences. With the advent of digital wallets...
