Thu | May 23, 2019

Business

Daimler CEO Dieter Zetsche (left) and incoming Daimler CEO Ola Kaellenius.

Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm, warning that the company will need to cut costs to invest in new technologies that are transforming the industry. Zetsche, 66, received prolonged applause from...

  Wigton Windfarm jumped 28 per cent and dominated volumes on its first day of trading on the Jamaica Stock Exchange. With an energetic start to trading the stock closed at $0.64 with 8.35 million units trading. Wigton will open at $0.60 on...
Keith Duncan, co-chairman of 
the Economic Programme Oversight Committee.

The Economic Programme Oversight Committee, EPOC wants the Jamaican Government to stay focused on plans for the implementation of national identification system NIDS, inflation targeting and foreign exchange hedging. The recommendations come as...

A United Nations commission on Monday presented a road map to boost economic development in three Central American nations whose poverty and violence now push desperate migrants to travel across Mexico to the United States. The plan calls for hefty...

VXI wants to be an active corporate citizen providing assistance to people in need. "VXI has been involved in communities we have a presence in, and we want to do the same in Jamaica. This is not a one-time activity; we also view this as a...

Plant-based burger maker Impossible Foods is debuting its second product – meatless sausage crumbles – on Little Caesars pizza. Little Caesars started testing the Impossible Supreme Pizza on Monday at 58 restaurants in Fort Myers, Florida; Yakima,...

The Court of Appeal has upheld an award of more than US$940,000 – about J$128.3 million – against the Jamaican Redevelopment Foundation Inc (JRF) for breach of contract, the company having cancelled an agreement to sell property in Clarendon to a...

With Old Harbour in St Catherine experiencing one of the highest population growth rates in Jamaica, Victoria Mutual Money Transfer Services perceives it an opportune time to expand its footprint with the opening of a branch in that area. “Our...

Food and logistics conglomerate Jamaica Producers Group notched a big first quarter with a 52 per cent spike in net profit to $230.37 million. Sales for the quarter came in just shy of $4.8 billion, or seven per cent higher than the comparative...

Growth-Tech – a company that provides Wi-Fi services is acquiring 30 per cent of technology partner and advertising company Medianet Limited. The deal is expected to close in June, but the cost of the ­transaction was not disclosed. Medianet is...
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