Business

When Greg Abel becomes Berkshire Hathaway’s new CEO next year he will of course take on additional responsibilities, but with Warren Buffett remaining as chairman, the surprise change announced at the annual meeting over the weekend is in some ways...

Air-conditioning company CAC 2000 Limited is feeling the effects of logistical delays compounded by pirate activity in the main shipping routes of its suppliers. CEO Gia Abraham adds that customers are not settling their bills quickly. And the...

With less than three months to go, there is no decision yet on whether there will be a second extension of the Portland Caribbean fund. The “limited partners – including PJX – had yet to determine whether a second extension would be pursued” for...

The acquisition of rival delivery service My Cart Quick Limited by courier company Mailpac Group Limited was a $1.2 billion deal, Mailpac’s newly released year-end results show. The purchase of My Cart took place last year April, but was set to be...

Global accounting firm Deloitte has re-entered Jamaica after a 12-year absence. Its re-entry restores a Big Four operator, the others being PricewaterhouseCoopers, KPMG and EY. For months, the company has been quietly setting up the firm, with...

The ideas for this article were planted a few weeks ago by a consumer who sought my help. She had insured her bank-financed car two years ago. The contract of insurance, or policy, has still not been sent to her even though she has paid the premium...

There’s no denying it: 2025 keeps reminding us that Jamaica is grappling with a deep crisis of trust – not just in government or law enforcement, but in commerce. This crisis came into sharp focus recently when a Chinese-owned auto repair shop...

The ocean economy supports millions and underpins some of the world’s most critical industries. From maritime shipping, which carries 80 per cent of global trade, to the undersea fibre-optic cables that transmit 95 per cent of international data,...

Remittances serve as a critical lifeline for many households in Jamaica with the majority allocated to day-to-day needs and the rest to investments. To maximise these benefits, Jamaicans can adopt several strategies to enhance value and long-term...

A federal judge in the United States has strongly rebuked Apple, finding that the iPhone maker wilfully violated a court injunction in an antitrust case filed by Fortnite-maker Epic Games. US District Judge Yvonne Gonzalez Rogers had ordered Apple...

Food service company Express Catering Limited, ECL, posted net profit of US$1.8 million for the third quarter ending February 2025, a two-thirds increase year-on-year, notwithstanding a decline in passenger traffic through the Sangster...

InterEnergy Group has bought Jamaica’s largest solar farm, Paradise Park, from Eight Rivers Energy Company, marking its second renewable energy purchase in Jamaica in less than four months. It now owns 100 per cent of the asset. Paradise Park was...