Business
December 12, 2025
Money-losing companies with colourful histories have pivoted to crypto
A marketer of shark-repellant sunscreen. A maker of chocolate-flavoured whiskey. A seller of a drink that promises to quickly lower blood-alcohol levels. Until recently, these businesses had…
December 12, 2025
Palace Amusement makes big loss as sales fall
Palace Amusement Company (1921) Limited spun to a loss at year ending June as revenue fell and expenses climbed. The cinema operator bled $146.95 million for the financial year, marking a reversal…
December 12, 2025
by Neville Graham
RJRGLEANER aims to transform into a more agile operation
Amid ongoing efforts to reverse financial losses and transform the multimedia business, Radio Jamaica Limited, which trades as RJRGLEANER Communications Group, updated shareholders on plans to break…
December 12, 2025
Lumber Depot anticipates both pain and gain post-Melissa
Lumber Depot Limited is expecting increased business, at least for the remainder of 2025, as property owners affected by Hurricane Melissa look to rebuild their damaged homes. But beyond that, the…
December 12, 2025
by Neville Graham
First Rock reaps from REIT
First Rock Real Estate Investments Limited, FREI, has turned the corner in its third quarter, posting a modest profit after a bruising 2024. The company’s pivot to a REIT, or real estate investment…
December 12, 2025
by Neville Graham
Sygnus RE sets summer 2027 delivery date for Lakes Pen industrial park
Sygnus Real Estate Finance Limited has broken ground on the Lakes Pen Industrial Park project, a 55-acre logistics and industrial development in St Catherine, pledging to deliver serviced lots to…
December 12, 2025
Nvidia to invest US$5b in Intel
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…
December 12, 2025
Musk reports Tesla sales jump after months of boycotts
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…
December 12, 2025
Tesla offers cheaper versions of two EVs to win back market share
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,…