GEORGETOWN, Guyana: THE PRESIDENT of ExxonMobil Guyana, Alistair Routledge, says the establishment of a local supply chain to support Guyana’s rapidly advancing oil and gas sector was not only important to improve the efficiency of the company’s...
SANTA CLARA, California: NVIDIA CORP, which has seen its value skyrocket over the past year, thanks to soaring demand for its graphics chips used for artificial intelligence (AI), posted stronger-than-expected results on Wednesday for its latest...
BANGKOK: WORLD MARKETS advanced and Japan’s Nikkei 225 share benchmark surged to an all-time high yesterday, bypassing its previous record set in December 1989. Tokyo’s benchmark closed at 39,098.68 yesterday. Its previous record was 38,915.87, set...
DUBAI, United Arab Emirates: THE DUBAI-based budget carrier FlyDubai saw record profits of $572 million in 2023, boosted by carrying the most passengers ever across its network, the company announced yesterday. The state-owned carrier, based in the...
UNITED STATES (US)-based Century Aluminum plans to invest up to US$15 million (J$2.3 billion) in the alumina operations at Jamalco in Clarendon this year, which doubles its investment a year earlier. The investments include new equipment, but also...
BENGALURU, India: JUST A few years ago, someone who wanted to install a rooftop solar connection in India faced getting multiple approvals, finding a reliable company to install the panels and spending heavily before seeing the first surge of clean...
SMARTWATCHES AND rings that claim to measure blood sugar levels for medical purposes without piercing the skin could be dangerous and should be avoided, the United States Food and Drug Administration (FDA) warned on Wednesday. The caution applies...
SINGAPORE: AS THE aviation sector seeks ways to make air travel less polluting and more sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel - air taxis. Hyundai’s...
LOS ANGELES, California. GLOBAL REAL estate brokerage, The Agency, launched its new office in Jamaica, The Agency Jamaica, which is the firm’s first office in the country. It joins the brokerage’s growing network of offices in the United States,...
JAMAICAN ENTREPRENEUR Yoni Epstein has been recognised again for his contribution to the business process outsourcing sector. It was announced on Tuesday in Port of Spain, Trinidad, that Epstein is to receive the Caribbean’s most prestigious...
MANUFACTURING AND distribution company Seprod is doubling down on its export strategy as it targets 30 per cent of its production base for exports by December 2025. In its just-released fourth-quarter report, the company scored big in 2024, with a...
THE FINANCIAL Gleaner has been reliably informed that promissory notes valued at around US$10 million are due for collection from connected companies of Stocks and Securities Limited (SSL). SSL, a brokerage house facing dissolution after the...
WASHINGTON: UNITED STATES (US) President Joe Biden signed an executive order yesterday and created a federal rule aimed at better securing the nation’s ports from potential cyberattacks. The administration is outlining a set of cybersecurity...
The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by an estimated 1.9 per cent during the October to December 2023 quarter, compared with the corresponding period in 2022. Speaking during the PIOJ's quarterly briefing...
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $0.33 to sell for $166.37 per litre and a litre of E-10 90 will go down by $0.33 to...
The following content is created and paid for by General Accident Insurance Company. In the fast-paced world of today, where every turn of the wheel is accompanied by uncertainties, securing the right motor insurance is paramount...
Published:Wednesday | February 21, 2024 | 12:12 AM
BANGKOK (AP): CHINA’S CENTRAL bank announced yesterday that it cut its five-year loan prime rate (LPR), while leaving its one-year rate unchanged, in the latest move to ease pressures on the ailing property market. The five-year rate was lowered by...
The National Commercial Bank (NCB) Staff Association has triumphed in Jamaica’s final appellate court, the Privy Council. This comes as NCB lost its appeal in a long-running legal fight with workers seeking their share from the financial giant’s...
Published:Wednesday | February 21, 2024 | 12:10 AM
LOCAL, REGIONAL and international experts and stakeholders from the business community as well as legislators will gather for the inaugural Elevate Procurement Conference scheduled to run from Friday to Sunday at the Montego Bay Convention Centre....
Published:Wednesday | February 21, 2024 | 12:10 AM
Sygnus Capital Limited, a Caribbean leader in alternative investments, served as lead arranger for Tropical Battery’s recent strategic acquisition of Rose Electronics Distributing Company (Rose Batteries), based in San Jose, California. Sygnus...
Published:Wednesday | February 21, 2024 | 12:10 AM
BELMOPAN, Belize: THE NATIONAL Trade Union Congress of Belize (NTUCB) says it will boycott all further consultations with the International Monetary Fund (IMF), saying it had taken the decision to protest being treated as a ”checkbox” by the...
Published:Wednesday | February 21, 2024 | 12:10 AM
BRIDGETOWN, Barbados: THE BARBADOS-based Caribbean Development Bank (CDB) yesterday predicted that the average growth rate for the region will be 8.6 per cent this year. However, Ian Durant, the bank’s director of economics, in a review of the...
Published:Wednesday | February 21, 2024 | 12:09 AM
NEW YORK: ABOUT 40 per cent of small business owners think 2024 will be a “make or break” year for their business, according to a survey by messaging service Slack. After several years of dealing with the pandemic, rising inflation and a tight job...
Published:Wednesday | February 21, 2024 | 12:09 AM
DALLAS: AMERICAN AIRLINE is raising the cost of checking bags and it is making other changes to push customers to buy tickets directly from the airline if they want to earn frequent-flyer points. The airline said yesterday that checking a bag on a...
