Business
The Fair Trading Commission, FTC, plans to conduct a market survey to assess the adequacy of current regulations governing taxi apps. This move is in response to the emergence of ridesharing services like Uber, InDrive, and 876 On The Go, which...
Comments
Amber Group has entered Jamaica’s public transport sector through a 50 per cent equity stake in OnTime Taxi, which operates a fleet of about 300 cabs. Amber CEO Dushyant Savadia declined to comment on the value of the transaction, citing...
The Sygnus Group has set a target of US$1 billion in alternative assets under management, or AAUM, in another two to three years, says co-founder and Chief Investment Officer Jason Morris. The group currently has AAUM of US$500 million, separate...
Investment fund Portland JSX Limited expects capital recovery within 18 months. Its capital has dipped by one-quarter in the past year. “We anticipate that there will be recovery in the equity as the value of the investment portfolio increases in...
After registering an increase in net profit of 58 per cent in 2023, Caribbean Assurance Brokers Limited suffered a loss of $12.1 million in the first half of 2024, a setback which the company attributes to spending that’s meant to fuel future...
Southwest Airlines said on Thursday that it plans to drop the open-boarding system it has used for more than 50 years and will start assigning passengers to seats, just like all the other big airlines. The airline said it has been studying seating...
To combat ongoing destruction in the Amazon rainforest, Brazil announced a plan on Tuesday to dramatically expand selective logging to an area the size of Costa Rica over the next two years. In Brazil, vast forest lands are designated as public,...
The Jamaica Stock Exchange, JSE, has released its green, blue and sustainability bond guidelines to the market, giving brokers a list of additional procedures for such ‘thematic’ investments. “This guide sets the necessary foundations to further...
A new programme under which tradespersons can acquire tools for their occupation will provide financing at interest rates as low as nine per cent, but the MSME Alliance, while endorsing the initiative, believes it’s too pricey and is pushing for...
Gaming and entertainment company, Supreme Ventures Limited, SVL, is offering loans to support its retailer network with their recovery efforts from Hurricane Beryl. It’s understood that just about 42 per cent of the company’s 1,200-strong retailer...
Microfinance company Dolla Financial Group credits its aggressive sales strategy for its impressive performance over the first six months of 2024, which saw its net profit jump by 25 per cent over the first half of 2023. The Dolla Group, which...
United States regulators are investigating how Delta Air Lines is treating passengers affected by cancelled and delayed flights as the airline struggles to recover from a global technology outage. US Transportation Secretary Pete Buttigieg...
Wiz has rejected a reported US$23-billion acquisition proposal from Google parent Alphabet – as the cybersecurity start-up pivots back to a previously planned initial public offering, according to a company memo seen by CNBC and others. That ends...
The devastation from the passage of Hurricane Beryl seen in parts of Jamaica has unearthed some longstanding issues and concerns held by farmers, market vendors and others who interact with both farmers and market vendors. One of the concerns is...
Delta Air Lines struggled for a fourth straight day to recover from a worldwide technology outage caused by a faulty software update, stranding tens of thousands of passengers and drawing unwanted attention from the federal government. Other...
