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,...
Nearly a year after its plant was almost totally destroyed by fire, Pure National Limited, Jamaica’s largest manufacturer of ice, says it expects to restore operations shortly. The company is in its final stages of testing its newly restored plant...
Colombia’s foreign minister has “renounced” her US visa to protest a decision by the State Department of the United States to revoke the visa of Colombian President Gustavo Petro, the Colombian government said Monday. The decision by Foreign...
R.A. Williams Distributors Limited expects that the investments made as groundwork for growth will soon start paying off in the form of returns and market share, in an assurance to shareholders that current losses are not expected to last. The...
Future Sources Energy Company Limited, which trades as Fesco, will add at least four new service stations to the network by December 2026. The investment will range from $700 million to $1 billion and will be financed from retained earnings and the...
Rum makers will return to court next February to battle over the definition of Jamaican rum, following a Supreme Court ruling that gives National Rums of Jamaica Limited, NRJ, temporary relief. On September 19, the court paused enforcement of new...
An experimental medication made from marijuana successfully reduced back pain in a new study, offering further support for the drug’s potential in treating one of the most common forms of chronic pain. The 800-patient study by a German drugmaker is...
The Bank of Jamaica (BOJ) has announced it is holding its policy rate at 5.75 per cent per annum. It says during meetings on September 25 and 26, its Monetary Policy Committee (MPC) held deliberations on the Bank's stance in the context of...
