Sun | May 10, 2026

Business

Published:Sunday | December 8, 2024 | 12:07 AM

Inflation, being the sustained and broad increase in the prices of goods and services over time, causes money to lose its real value and thus has a direct impact on people’s lives. It affects spending, savings and investing decisions, makes it...

Published:Sunday | December 8, 2024 | 12:07 AM

Some companies which survived the pandemic have come to believe that being extremely agile is their new superpower. But, is this true in the long run? According to Jeff Bezos of Amazon, and contrary to conventional wisdom, perhaps nothing...

Published:Sunday | December 8, 2024 | 12:07 AM

Plans are far advanced to add two new outlets to the Hi-Lo supermarket chain by 2026, at a cost of more than $1 billion. The two new stores are to be located in Morant Bay, St Thomas and Mandeville, Manchester, general manager of Hi-Lo Food Stores...

Published:Sunday | December 8, 2024 | 12:06 AM

Sake is perhaps more Japanese than the world-famous sushi. The smooth rice wine that plays a crucial role in Japan’s culinary traditions was enshrined on Wednesday by UNESCO on its list of the “intangible cultural heritage of humanity”. At a...

Published:Sunday | December 8, 2024 | 12:06 AM

Although the quality of Jamaica’s spices is considered among the best in the world, the farmers who grow ginger, turmeric and pimento are earning very little from their endeavours, with most of the money going to traders of the products, according...

Published:Friday | December 6, 2024 | 12:11 AM

Eight members of the OPEC+ alliance of oil-exporting countries decided on Thursday to put off increasing oil production as they face weaker-than-expected demand and competing production from non-allied countries — factors that could keep oil prices...

Published:Friday | December 6, 2024 | 12:11 AMNeville Graham - Business Reporter

Smarting from a possible quarter-billion dollars in losses on its farm operations, distribution and manufacturing conglomerate Seprod is in search of a economical solution for feeding the cows at its dairy farm, and nourish its bottom line. CEO...

Published:Friday | December 6, 2024 | 12:11 AM

Bitcoin topped US$100,000 for the first time as a massive rally in the world’s most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on. The cryptocurrency officially rose to six figures on Wednesday night, just...

Published:Friday | December 6, 2024 | 12:11 AM

Cash-strapped United Oil...

Published:Friday | December 6, 2024 | 12:11 AM

CAC 2000 Limited is teaming up with Kaya Energy Group, the Dominican Republic-based subsidiary of Tropical Battery Company Limited, for the design, installation and maintenance of grid tied solar photovoltaic systems energy efficient air-...

Published:Friday | December 6, 2024 | 12:10 AM

Pharmacy operator Fontana Limited recorded a dip in profit due to higher taxation, but the outlook remains strong. “Our second quarter is anticipated to be the best yet!” Fontana declared in the preface to its financials, referencing the October-...

Published:Friday | December 6, 2024 | 12:10 AM

Britain’s new Labour government will launch a consultation on auto manufacturers’ sales targets during the transition to electric vehicles, following the recent decision by Stellantis, the owner of Vauxhall, to close its van factory in southern...

Published:Thursday | December 5, 2024 | 12:10 AM

Members of a United States Senate subcommittee took aim at airline executives Wednesday for using an expanding menu of fees to charge customers for early boarding, better seats and other comforts that used to be part of the ticket price. Senator...

Published:Wednesday | December 4, 2024 | 6:20 PM

Motorists will pay less for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $3.06 to sell for $155.07 per litre and a litre of E-10 90 will down by $3.06 to sell for $164.04....

Published:Wednesday | December 4, 2024 | 12:07 AM

A Stellantis joint venture with Samsung SDI has won a commitment from the United States government for up to a US$7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy LLC...

Published:Wednesday | December 4, 2024 | 12:07 AM

A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. On Monday, Chancellor Kathaleen St Jude McCormick denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her...

Published:Wednesday | December 4, 2024 | 12:07 AM

China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at US limits on semiconductor-related...

Published:Wednesday | December 4, 2024 | 12:07 AM

A majority of United States Supreme Court justices didn’t seem convinced Monday that federal regulators misled companies before refusing to allow them to sell sweet-flavoured vaping products following a surge in teen e-cigarette use. The...

Published:Wednesday | December 4, 2024 | 12:07 AMSteven Jackson/Senior Business Reporter

Michael Lee-Chin, chairman of NCB Financial Group Limited, plans to help his workforce of over 5,560 become “exportable” to drive growth and double profits. It aligns with the investor’s broader philosophy for freer movement of labour and capital...

Published:Wednesday | December 4, 2024 | 12:07 AM

A survey of salaries conducted among 119 companies in 20 Caribbean countries released this week indicates that Jamaica may have the lowest salaries in the region on average. According to the survey, the salaries in Jamaica fell below the regional...

Published:Wednesday | December 4, 2024 | 12:07 AM

PAC Kingston Airport Limited, the operator of Norman Manley International Airport, NMIA, plans to double its investment in capital projects in 2025. “We expect to spend US$37 million this year and US$75 million next year,” said Sitara English-...

Published:Wednesday | December 4, 2024 | 12:06 AM

Mexico’s Senate has voted to eliminate seven independent regulatory and oversight agencies, a move that critics warn will cement the ruling party’s power and avoid outside scrutiny. President of Mexico Claudia Sheinbaum calls it a money-saving...

Published:Wednesday | December 4, 2024 | 12:06 AM

The Inter-American Development Bank, IDB, says Caribbean countries will receive US$18.4 billion in remittances, reflecting two per cent growth, similar to that observed in 2023. The IDB is projecting that remittances to countries in Latin America...

Published:Wednesday | December 4, 2024 | 12:06 AM

The world is losing a winnable battle. United Nations Secretary General António Guterres warns that the 2030 UN Sustainable Development Goals, or SDGs, are on the verge of becoming “the epitaph for a world that might have been”. Can the patient be...

Published:Wednesday | December 4, 2024 | 12:05 AM

Stating that they play an important role in the functioning of Jamaica’s economy, debt collection agencies are pushing for greater recognition from the government so they can have greater leverage to recover monies on behalf of their clients....

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