Jamaica’s creative economy contributes $107 billion (US$690 million) in economic value to the economy, according to a new report released by the Cultural and Creative Industries Alliance of Jamaica, CCIAJ, an industry group that advocates for the...
The Caribbean Policy Research Institute, CAPRI, has called for more robust systems to support Jamaica’s single-use plastics ban, arguing that enforcement remains weak and data limited — a challenge also faced by others in the Caribbean. “So across...
Fitch Ratings expects Jamaica’s debt-to-GDP ratio to decline faster than official forecasts, a new report released this month shows. The rating agency also made note of the country’s successful general election held on September 3 in a separate but...
Netflix missed the earnings target set by stock market analysts during the video streamer’s latest quarter, a letdown that the company blamed on a tax dispute in Brazil. The results announced Tuesday broke Netflix’s six-quarter streak of posting a...
JUTA Tours is planning to relaunch its Kingston-Montego Bay express bus route before year end, but now has to contend with one more rival – the Jamaica Urban Transit Company Limited, JUTC, operator of a public metropolitan bus system that recently...
Just months after announcing plans to split into two companies, Warner Bros Discovery has signalled that it may be open to a sale of its business. In an announcement on Tuesday, the entertainment giant said it had initiated a review of “strategic...
OpenAI said Tuesday it is introducing its own web browser, Atlas, putting the ChatGPT maker in direct competition with Google as more internet users rely on artificial intelligence to answer their questions. Making itself a gateway to online...
The government of Brazil approved exploratory drilling by state-run oil giant Petrobras near the mouth of the Amazon River on Monday. The decision comes only weeks before the United Nations climate conference in Belem, COP30, where efforts to...
The small Central American nation of Belize has signed a “safe third country” agreement with the United States, the two sides said on Monday, as the Trump administration seeks to ramp up deportations and dissuade migration north. What the agreement...
Is AI transforming the economy in any real sense, or is the promise of rapid growth mere hype? US stock markets certainly favour the former view: shares of AI and tech companies have accounted for about three-quarters of the S...
In a rapidly evolving automotive landscape, ATL Automotive Group, which is a dominant force in Jamaica’s car market as well as master dealer for various auto brands, has recently added two more Chinese brands to its line-up. The Omoda and Jaecoo...
Being able to save is critical to generating the financial resources required to live at a reasonable level now and in the future. There are some obvious ways to save, but there are others which do not appear to be obvious, yet they are very...
Every October the world pauses to observe Mental Health Awareness Month. In Jamaica, it sometimes feels like we barely take time to blink, as messages are drowned out by sirens of crime, violence, inflation, high-energy prices, geopolitical...
The September 19 disruptive flooding in the country’s capital was a stark, wet reminder: our island is grappling with a problem that is deepening every year. This event occurred 37 years and seven days after Hurricane Gilbert, a Category 4...
As economic uncertainty deepens, the rush for gold continues – with prices for the precious metal topping US$4,300 for the first time last week. The going price for New York spot closed at a record US$4,326 per troy ounce on Thursday. Futures also...
Cemex, the ultimate parent company of Caribbean Cement Company, has amended an earlier filing with the US Securities and Exchange Commission which had disclosed a payment described as “fees” of over US$201,500 to the ruling Jamaica Labour Party,...
While many Americans and US allies recoil at the accelerating regime change under President Donald Trump, financial markets remain curiously calm. Equity indices continue to hover near record highs, and serenity prevails in the bond market –...
Nestlé is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance. Nestlé, which makes Nescafé, KitKats, pet foods and many other well-known consumer brands, said Thursday that the...
Microlender Dolla Financial Services Limited is raising $1 billion on the public debt market to expand its loan portfolio and refinance existing debt. The company has the option to upsize the offer to $1.5 billion, contingent on market demand. The...
Investors responding positively to Paramount Trading Jamaica Limited’s turnaround performance in its first quarter ended August. PTL shares closed at $0.94 on the junior market of the Jamaica Stock Exchange on Wednesday, after tripping the circuit-...
OpenAI is partnering with Walmart to let shoppers make purchases directly within ChatGPT, furthering the artificial intelligence company’s push to turn its chatbot into a virtual merchant as it seeks to boost revenue. In an announcement, Walmart...
The United States and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said on Tuesday, though the...
Jamaica’s insurance sector continues to expand, with total assets just shy of the $600-billion mark and capital buffers showing improvement, the Financial Services Commission, FSC, indicated in its June quarter review of the sector. Asset growth...
