Business

Updated 3 minutes ago

PIOJ warns AI adoption will cut working and middle-class jobs

The Planning Institute of Jamaica (PIOJ) said Wednesday that artificial intelligence (AI) will displace clerical and professional workers, but that research continues on the scale of displacement throughout the workforce.
"There is still some debate on the exact type and nature of jobs to be replaced," PIOJ Director General Dr Wayne Henry said at the agency's quarterly press briefing.

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Updated 4 minutes ago

Trump pulls back AI vetting order, citing fears of losing lead over China
US President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America's edge on AI technology. Trump said he was…
May 20, 2026

IFC plans US$10m stake in Sygnus-managed CARICOM Fund
The International Finance Corporation (IFC) plans to invest US$10 million in a Caribbean Community (CARICOM) fund managed by Sygnus Capital Limited, subject to board approval. "The proposed…
May 20, 2026 by Luke Douglas

JUTC moves to set up mini depots on north coast
The state-led Jamaica Urban Transit Company Limited (JUTC) plans to set up seven mini depots across the island as part of steps to add new routes, mainly along the north coast. The move would…
May 20, 2026 by Carolyn Guniss

Jamaican business fuel anxiety surges on global oil spike
Concern among Jamaican businesses about fuel and transport costs nearly doubled in a single survey period, as rising oil prices push inflation expectations above the Bank of Jamaica's (BOJ)…
May 20, 2026

Woodcats posts lower quarterly profit after hurricane-hit demand dips
Woodcats International Ltd posted a 13.7 per cent decline in profit before tax for the three months ended March, marking the wood products manufacturer's first earnings report since listing on…
May 20, 2026

BOJ says cost estimate for new business centre premature
The Bank of Jamaica (BOJ) says it is too early to put a price tag on its planned business centre at Hillcrest Avenue, as the professional designs needed to scope the project have not yet been…
May 20, 2026

Summer travellers who relied on Spirit Airlines may struggle to find budget alternatives
Days after Spirit Airlines shut down in the middle of the night, a lawyer for the defunct budget carrier stood before a bankruptcy judge and apologised to the price-conscious customers who might…
May 20, 2026

A new Swatch model is introduced, and a case study in overexcited ‘drop culture’ plays out
In Paris, police deployed tear gas. In Milan, Italy, a fistfight erupted. In London, Singapore and New York, all-night queues snaked from the doors of Swatch stores — the latest examples of…
Business
May 20, 2026

Elizabeth Morgan | President Trump’s China visit – Any significance for this hemisphere?
US President Donald Trump paid a state visit to the People’s Republic of China, meeting with President Xi Jinping from May 13 to 15 in Beijing. This was the first presidential visit to China since…