THE APPLICATION management and data automation (AMANDA) system, the management process for planning and development projects in municipalities and associate agencies -- including the National Environment and Planning Agency (NEPA) -- is bedevilled...
E-COMMERCE AND logistics company Mailpac Group Limited indicated yesterday that it will be acquiring cargo company MyCart Express, described as the second-largest courier company of its kind in Jamaica. Freight company MyCart ships packages...
Consular officials from the United States (US) Embassy in Kingston have taken to TikTok to encourage Jamaicans to apply for its agricultural worker’s programme. The US consular team also recently hosted a live discussion on the H-2 Worker Programme...
Dr Hugh Black, trade administrator and CEO at the Trade Board Limited (TBL), says a new contract with Auto Terminal Japan (ATJ) commenced on February 1, 2024, and will run for five years, ending on January 29, 2029. The Trade Board, through its...
The latest remittance data from the Bank of Jamaica (BOJ) indicates that the island topped US$3 billion in inflows again, despite one month being left in the year under review (2023) and despite year-over-year declines. For the January to November...
William Mahfood, chairman of Wisynco, expects a $9.6 million annual bill for group health to increase by around five per cent this year as part of its combined spend to ensure staff health and well-being. Wisynco’s thrust is part of a growing trend...
Developers of the US$350-million luxury, residential high-rise being built in Montego Bay will put the complex in the hands of a hotel management company to run. The development, called The Pinnacle, is targeted at investors who, based on the...
The Financial Services Commission, FSC, is currently conducting a risk assessment on virtual assets service providers, or VASPs, which deal in digital currencies or cryptocurrencies and tokens. And new regulations are coming to police the activity...
With projects in various stages of execution to raise Jamaica’s hotel room count to 50,000 in five years, a supplier of food products to the sector is highlighting a connected problem. Executive Co-Chairman and co-founder of Caribbean Producers...
Some microlenders are thinking about lending less money to smaller borrowers, as the loans are considered high risk and default is sometimes substantially above the five per cent of portfolio considered to be healthy by the monetary authority....
The Microcredit Act was passed in January 2021 with the aim of licensing and regulating microcredit institutions (MCIs) that provide financing to individuals as well as micro, small and medium-sized enterprises. The regime came into effect in mid-...
The Port Authority of Jamaica (PAJ) continues to benefit from an increase in regional nearshoring activities, with the handling of trans-shipment containers accounting for approximately 85 per cent of the total 20-foot equivalent units (TEU) at the...
Mystic Mountain (MM) Limited (company in bankruptcy) has shuttered the St Ann operation with workers made redundant and telephone lines de-registered. MM is an adventure park which caters mostly to tourists, including cruise ship visitors. However...
Pension funds and investment houses have been buying more real estate as long-term investment strategy. They are among more buyers who purchase for cash, avoiding mortgage arrangements, as realtors report an uptick in cash sales or half-cash in...
Juice maker Trade Winds Citrus Limited says fruit supplies continue to fall, affecting both local supplies and exports. The volumes of citrus sold by the company was down nine per cent last year, but revenue still climbed by 10 per cent, said...
Mystic Mountain receiver Wilfred Baghaloo says that he expects the Committee of Inspectors monitoring the bankrupt company on behalf of creditors to choose a new trustee in short order. Debbie-Ann Gordon tendered her resignation last Friday,...
Suspicious transactions related to money laundering are on the increase in Jamaica, but so also are convictions, says the Financial Investigations Division. Jamaica has successfully navigated the requirements of the Financial Action Task Force,...
Don Gittens, CEO of Manpower and Maintenance Services Group Limited, says the company has restructured its operations to add residential cleaning services for villas, condominiums, Airbnb properties and households. Gittens left Jampro in March to...
German Ship Repair Jamaica Limited, GSRJ, a joint venture involving Jamaican, German and Turkish interests, will be offering ship repair services from a floating dock in the Kingston Harbour, a 215 metre-long Panamax-size installation, which was...
The Ministry of Agriculture, Fisheries and Mining opened a call for importers of chicken parts, specifically backs and necks, in August, amid a decline in the value of supplies procured from overseas. Trade in the cheap protein is sought after by...
In the face of a tight labour market, the Bank of Jamaica, BOJ, is wary of the potential effect on prices. Specifically, BOJ Governor Richard Byles is hoping that companies won’t resort to large wage increases, saying it would put upward pressure...
The court has rescinded the decision of the trustee to bar a representative of Sygnus Credit Investments Limited from overseeing the bankruptcy proceedings for Mystic Mountain Limited, MML, saying she had overstepped her authority. Gordon had...
Private hospital Andrews Memorial Hospital is expanding its bed capacity by two-thirds, a project to be led by new CEO Donmayne Gyles. The expansion plans include a fifth operating theatre, 40 new beds which will grow capacity to 100 beds, a new...
