Minister of Transport Daryl Vaz announced a ban on ridesharing or ride-hailing apps in Jamaica, with immediate effect. He made the announcement on Tuesday afternoon during his contribution to the 2024/25 Sectoral Debate in the House of Representatives. Vaz said he was moved to act after being written to by a member of the Police High Command.
The Ban has recently been withdrawn.
Despite the significant cost challenges being faced due to the ongoing supply chain issues, the company continues to work assiduously at growing efficiencies in all areas of the business. We continue to capitalise on the economies of scale provided by the growth in our top line in leveraging better input costs. The directors are pleased with the results for the first quarter and are proud of the commitment and outstanding work of the executive team and staff as we strive for continued growth in all segments of the business,” Chairman Metry Seaga and Chief Executive Officer Albert Bailey.
We have also begun work to expand our footprint in the local market with special emphasis on the food service segment. As we look forward in the coming months, we will continue to prioritise this initiative, not only as an important element of our revenue growth strategy, but also as a part of our risk mitigation approach in building more diverse revenue streams,” the report noted about its intentions going forward.
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