Wed | Sep 27, 2023

Business

Published:Wednesday | September 6, 2023 | 12:05 AMAvia Collinder/ - Business Writer

Caribbean Development Bank, CDB, the designated host institution for the SheTrades Caribbean Hub aimed at supporting women-led businesses to access markets and investment opportunities, will launch the platform near the end of this month. The...

Published:Wednesday | September 6, 2023 | 12:05 AM

Men walk through a lush plantation between Ecuador ’s balmy Pacific coast and its majestic Andes, lopping hundreds of bunches of green bananas from groaning plants twice their height. Workers haul the bunches to an assembly line, where the bananas...

Published:Tuesday | September 5, 2023 | 12:08 AM

Disney wants to narrow the scope of its federal lawsuit against Governor Ron DeSantis to just a free speech claim that the Florida governor retaliated against the company because of its public opposition to a state law banning classroom lessons on...

Published:Sunday | September 3, 2023 | 12:09 AMKarena Bennett - Business Reporter

Drinks maker Wisynco raked in close to $5 billion in profit for the year ended June, surpassing the prior year’s performance by 21 per cent, on revenues that climbed to a record $48.7 billion. Its solid performance continues to be led by growing...

Published:Sunday | September 3, 2023 | 12:09 AM

Electric vehicle maker Tesla is allowing some drivers to use its autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from United States’ safety...

Published:Sunday | September 3, 2023 | 12:09 AM

How much pension a member of a superannuation plan – that is, an employer-sponsored plan – receives depends on the type of plan. The differences between the arrangements are sufficient to make a meaningful difference to how a pensioner lives...

Published:Sunday | September 3, 2023 | 12:08 AM

Architect, conservationist, and Gleaner columnist Patricia Green, PhD, wrote an excellent piece two weeks ago that bore the headline ‘Preserving Jamaica’s Tangible Heritage’. The headline was wrong. Dr Green wrote about the nation’s cultural...

Published:Sunday | September 3, 2023 | 12:08 AM

There has always been a school of thought which argues that strategy is outdated. Its members say the world is changing too quickly for long-term planning to be effective. But deep down, you sense that this is an argument for lazy minds. How do you...

Published:Sunday | September 3, 2023 | 12:07 AMKarena Bennett - Business Reporter

With mere months to go before the implementation of the Data Protection Act, DPA, on December 1, at least two state-run offices have started the hunt for a professional or firm to design and guide the execution of a data protection and privacy...

Published:Sunday | September 3, 2023 | 12:07 AM

Amazon employees have been pushing back against the company’s return-to-office policy for months — and it seems like CEO Andy Jassy has had enough. During a pre-recorded internal Q...

Published:Friday | September 1, 2023 | 12:08 AM

Kingston Properties Limited, KPREIT, has sold its Dumfries Road property in the busy New Kingston area for a gain of about US$400,000, or $62.4 million in local currency. The property was sold in August to an undisclosed buyer. It comes a little...

Published:Friday | September 1, 2023 | 12:08 AM

When the Venetian merchant Marco Polo travelled the Silk Road in the 13th century, he encountered not only unfamiliar peoples, but also, to him, new forms of finance. In China, he was shocked to learn that Kublai Khan had introduced paper money. It...

Published:Friday | September 1, 2023 | 12:08 AM

Jonathan Leather has resigned as chief operating officer of United Oil...

Published:Friday | September 1, 2023 | 12:08 AM

Pharmacy operator Fontana Limited made record revenue and profit for its full financial year. The company’s annual revenue, at $7.3 billion, grew 15 per cent at year ending June, while its earnings climbed by eight per cent to $665 million. The...

Published:Friday | September 1, 2023 | 12:08 AMAvia Collinder - Business Writer

Unicomer, operator of the Courts furniture network, will open a second store in Portmore in St Catherine next month, while laying claim to nearly half of the Jamaican market amid continuing expansion. It will operate from leased space in a new...

Published:Friday | September 1, 2023 | 12:07 AM

One airline plans to find out if solitude-seeking travellers will pay a hefty extra charge to avoid sitting near babies and little kids. Corendon Airlines says that it will sell an adults-only zone — no one under 16 — on flights between Amsterdam...

Published:Friday | September 1, 2023 | 12:07 AMAvia Collinder - Business Writer

At first blush, the numbers provided by the Jamaica Special Economic Zone Authority appear to suggest a dramatic change in the SEZ landscape, based on the implied eighteenfold growth in revenue flows from one year to the next. But the special...

Published:Thursday | August 31, 2023 | 12:09 AM

The United States economy expanded at a 2.1 per cent annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said Wednesday in a downgrade from its initial...

Published:Wednesday | August 30, 2023 | 3:47 PM

The state-owned oil refinery, Petrojam, has announced increases in the prices of all its products, effective Thursday. E-10 87 is to move up by $4.50 to sell for $188.45 per litre and a litre of E-10 90 will also go up by $4.50 to sell...

Published:Wednesday | August 30, 2023 | 12:08 AM

Artificial intelligence is moving fast. People are using generative AI and LLMs or large language models to build new services and perform existing tasks, and the underlying technology itself is advancing quickly. As the Nobel laureate economist...

Published:Wednesday | August 30, 2023 | 12:08 AM

Restaurant operators Samantha and Krystal will test the appetite for sky dining in Jamaica following approvals from the National Environment and Planning Agency, NEPA, for an eatery that offers a ‘dinner in the sky’ experience. Ksloir in the Sky...

Published:Wednesday | August 30, 2023 | 12:08 AM

China will no longer require a negative COVID-19 test result for incoming travellers starting today, Wednesday, a milestone in its reopening to the rest of the world after a three-year isolation that began with the country’s borders closing in...

Published:Wednesday | August 30, 2023 | 12:08 AM

Artificial intelligence has been the buzzword of 2023 ever since ChatGPT made its public début earlier this year, with businesses, schools, universities and even non-profits looking for ways to integrate AI in their operations. John Kim, chief...

Published:Wednesday | August 30, 2023 | 12:08 AM

After receiving two buyout offers in the past month, United States Steel Corporation said Tuesday that it is in the process of reviewing multiple offers for the storied company and symbol of American industrialisation. US Steel rejected a US$7.3...

Published:Wednesday | August 30, 2023 | 12:07 AM

Chemical and consumer product manufacturer 3M has agreed to pay US$6 billion to settle numerous lawsuits from US service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company. The...

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