Jamaica Special Economic Zone Authority is finalising a new policy that will allow all firms it licenses, including outsourcing companies, to implement remote work arrangements for nearly a third of their workforce. But it will come at a cost to...
Jamaican Medical Cannabis Corporation, which has a presence in Jamaica and Toronto, has announced the acquisition of Materia Ventures, a supply and distribution company for cannabis and CBD products located in Malta. The new business is described...
Working with private partners, the Housing Agency of Jamaica, HAJ, is putting pricier developments on the market beyond the income segment it has served in past decades. The agency, which traditionally delivers starter housing units and provide...
Over the past five years, the remittance market has seen the “steady adoption of new technologies”, and as more persons opt for the formal system to transfer money to family members, there is optimism that the record inflows reached under the...
Mavelyn Watson has nearly tripled her coffee output last year, a resurgence in yields that buttresses plans to venture deeper into valued-added production. As operator of Maveric Farm Limited, Watson cultivates coffee on 25 acres of her 30-acre...
The Supreme Court has refused an application to remove Debbie-Ann Gordon as trustee of Mystic Mountain Limited, MML, an adventure park operator that’s in bankruptcy; but the judge also approved five inspectors who represent the pool of unsecured...
For two days, June 7 and 8, the Jamaica Stock Exchange, JSE, will be in the Dominican Republic in downtown Santo Domingo to attract the attention of investors in that country and facilitate the forging of alliances. Managing Director of JSE Group...
Aiming to deploy its cashless app across Caribbean markets for remittances and other services, GraceKennedy Money Services, GKMS, is in talks with regulators in various countries. It’s immediate regional target markets for the GK One app are...
While still committed to its Guaranteed Purchase Programme, GPP, which was introduced five years ago to improve the pace of delivery of residences to the market, the National Housing Trust is now prospecting for new developers of low-income housing...
Foreign currency loans held by Jamaican investors and firms climbed by nearly 26 per cent last year, driven mainly by sovereign securities, according to the Bank of Jamaica. Meanwhile, borrowing in US dollars also increased as business owners...
The rerouting of ring road at the University Hospital of the West Indies, UHWI, is now out to tender as plans ramp for the phased development of five structures, referred to as medical towers, that will allow for additional student intake and...
Despite rising interest rates and its knock-on effect on the cost of financing, the demand for loans in the construction sector has boomed over the past year amid a bullish real estate market. Instead of shying away from the more expensive debt,...
The Students’ Loan Bureau, SLB, is moving on to the second phase rollout of a loan management system that’s intended to reduce the turnaround time on the processing of loan applications. Usually, it takes an average of two months for student loans...
A MEETING in the Supreme Court next week is expected to see approval secured for a purchaser for Mystic Mountain Limited, MML, the Jamaican attraction which has been placed in bankruptcy, and for which the courts have appointed officials to restore...
STAGING A comeback after five years, the 2021-2022 Global Entrepreneurship Monitor (GEM) Report, released in March 2023, shows significant changes in the entrepreneurial ecosystem in Jamaica. The report indicates that Jamaica’s early-stage Total...
FACTORIES CORPORATION of Jamaica, FCJ, is treading softly with its planned, expanded commercial park in Naggo Head, Portmore, waiting for the last two months for approval from Cabinet before disclosing costs for the project and lease rates. Its...
Nearly eight thousand remittance transactions have been recorded since the start of this year via two digital wallets approved so far by the Bank of Jamaica, the central bank has said. One of those wallets is the well-known Lynk app, which rolled...
Jamaica’s largest banking group has grown its loan portfolio sevenfold since the start of its journey towards digital transformation in 2015. Additionally, the loans written through digital channels now account for 20 per cent of total loan volume...
