Recently, I was introduced to a small-business operator seeking mentorship to save his declining business. He has been operating for over seven years, and for most of that time, the business has been unprofitable. However, because the company...
Despite salary increases, persons in the lower-middle to upper-middle income bracket and the typical senior civil servant are hard-pressed to balance their household budgets, and real estate purchases are feeling the knock-on effects, according to...
The Jamaican Government plans to start generating real-time data on the millions of persons entering the country by air and sea, using face scans and other biometric information that will be accessible by local and overseas law enforcement. It will...
The Belgian family of four was on their fourth trip to the United States. They had been dreading the long line at passport control when they entered the country, but had heard about a new app they could use to ease their way and decided to give it...
An artificial intelligence-powered chatbot created by New York City to help small business owners is under criticism for dispensing bizarre advice that misstates local policies and advises companies to violate the law. But days after the issues...
Dolla Guyana Inc will cease operations next year, a decision its Jamaican parent made in February. “The board declared its intention to wind down the operations of Dolla Guyana Inc, a wholly owned subsidiary of Dolla Financial,” the company said in...
In a scathing indictment of Microsoft corporate security and transparency, a Biden administration-appointed review board issued a report Tuesday saying “a cascade of errors” by the tech giant let state-backed Chinese cyber operators break into...
A fourth-quarter purple patch for players of the lottery and sports betting games offered by Supreme Ventures Limited, SVL, put more winnings in their pockets and shrank profit by a fifth at the gaming and entertainment company last year. Bettors...
Kaya ganja stores in Jamaica, which are in the process of being taken over by a Canadian company, have reduced their annual losses by two-thirds, its newly released financial report shows. Kaya operates four herb houses, which makes it the largest...
The following content is created by Netpeak Limited and paid for by SignalHire. Under the influence of digital transformation, some forward-looking companies like Amazon are finding new opportunities to increase efficiency, improve...
Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said on Wednesday, despite recent reports showing that the United States economy is still strong and that US inflation picked up in...
The success of the Shorty bread line has prompted baking company Honey Bun to invest a billion dollars in its expansion. A new production facility is to be set up at the MJS Industrial Park at Angels, St Catherine, to facilitate the growth plans....
The Bahamas National Statistical Institute, BNSI, reported a 2.6 per cent increase in economic activity in The Bahamas in 2023, marking a return to pre-pandemic growth levels. Real gross domestic product increased from US$12.5 billion in 2022 to US...
The Central Bank of Trinidad and Tobago, CBTT, says the country is continuing to experience economic recovery led by non-energy activity in 2023. In its latest monetary policy announcement, the CBTT said that the latest data from the Central...
The Guyana government has welcomed the inaugural non-stop service by United Airlines, saying it will serve as a catalyst for further connectivity to the global tourism marketplace. “This is a significant development for Guyana’s tourism industry....
What’s in a name? The final proposals for bank-capital rules were dubbed Basel 3.1, as if to suggest a minor tidying-up exercise – just a few grace notes added to a melody composed long ago. But banks, concerned that the implications would be more...
Microlender Dolla Financial Services Limited made a profit of $419 million at year ending December, bettering the previous year’s performance by 50 per cent as more customers offered up their luxury possessions as collateral for new loans. “The...
General Electric, long a symbol of American manufacturing and steeped in a rich history, is officially moving on from its existence as a sprawling conglomerate. The Boston company, known for everything from light bulbs to jet engines, has...
Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. The Austin, Texas-based company said Tuesday that it delivered 386,810 vehicles worldwide...
A tugboat pushing a fuel barge was the first vessel to use an alternate channel to bypass the wreckage of Baltimore’s collapsed Francis Scott Key Bridge, which had blocked traffic along the vital port’s main shipping channel. The barge supplying...
The Students’ Loan Bureau, SLB, was set up to provide loans to qualified needy Jamaican students to enable them to pursue tertiary education, but some have not been able to access these loans because of their inability to provide guarantors. The...
Your employees are incredibly fickle. The slightest hint of bad news turns into a full-blown rumour, fuelled by WhatsApp messages. You see all this as terribly unproductive, but your prior interventions to ‘fix’ issues seemed to go wasted. As soon...
Artificial Intelligence is one of the features that was recently embedded in my web browser. The AI in my browser is called Copilot. I like that name. Copilot lists five points that holders of that position and things with that name do. The one...
Companies are betting on artificial intelligence to increase profits while slashing jobs. For Jamaica, one of the popular usages seems to involve the generation of the content that prefaces financial reports. However, a few companies are digging...
Tropical Battery’s expected foray into the electric vehicle market through the distribution of ebikes is in limbo as the energy company awaits clarity from the Jamaican government on its tax policy regarding EVs. Tropical Battery had hoped to test...
