Business

Business
Published 9 hours ago

Hurricane Melissa costs Liberty Latin America US$76 million in Jamaica

Hurricane Melissa tore through Jamaica in late October 2025, flattening homes and severing telephone lines. For Liberty Latin America, the Category 5 storm left a combined cost of US$76 million — US$56 million in impairment charges and US$20 million in lost revenue. The total equates to roughly $12 billion in local currency. The storm wiped out 136,000 revenue-generating units (RGUs) tied to fixed and Internet plans, with no clear timeline for recovery.

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58 Half-Way Tree Road, St Andrew, as seen on October 13, 2023.
Published 9 hours ago

Stanley Motta faces vacant floors but profit triples on property gains

Stanley Motta Limited, the Kingston-based commercial landlord, said a prospective tenant that had signed a letter of intent declined to proceed, leaving three floors in its recently completed…
Salada Foods operates one of the island’s largest coffee operations.
Updated 7 hours ago

Salada earnings cut by a third due to Hurricane Melissa

Salada Foods Ltd reported first-quarter revenues and profit sliding amid storm-battered logistics and weaker domestic demand — an early signal of how deeply Hurricane Melissa has cut into Jamaica’s…
Contributed Proven Properties AVISTA at Bloomfield apartments in Mandeville.
Published 9 hours ago

Proven posts quarterly loss, eyes real estate gains ahead

Financial conglomerate Proven Group Limited (PGL) recorded a US$895,000 loss for shareholders in the December quarter, compared with a US$1.1-million profit a year earlier, as Hurricane Melissa…
Daniel Chong, CEO of Honey Bun 1982 Limited.
Published 9 hours ago

Honey Bun profit falls four-fifths despite higher sales

Honey Bun Ltd delivered higher first-quarter sales to December, but its $13-million profit marked an 83 per cent dip from year-earlier levels. Costs rose with the commissioning and early ramp up of…
Contributed Keith Duncan, CEO of JMMB Group.
Published 9 hours ago

JMMB Group quarterly profit slips, nine-month earnings surge

JMMB Group Limited posted net profit of $985.5 million for its third quarter ended December 2025, down from $1.14 billion a year earlier due to impairments and Hurricane Melissa disruptions. Group CEO…
Paul B. Scott, Chairman of PBS Ltd.
Updated 7 hours ago

PBS posts profit drop after US$6-million Costa Rica charges

Productive Business Solutions Ltd (PBS), a regional technology distributor listed on the Jamaica Stock Exchange, reported a 36 per cent decline in full-year profit after absorbing more than US$6…
AP A DoorDash sign is posted on the door of a Dunkin’ Donuts franchise in February 2023 in Methuen, USA.
Published 9 hours ago

DoorDash revenue up one-third in fourth quarter

DoorDash said on Wednesday its revenue rose 38 per cent in the fourth quarter as it gained new US customers and added new services like restaurant reservations. Investors cheered that growth, sending…
A Netflix sign is displayed atop a building in Los Angeles, on December 18, 2025, with the Hollywood sign in the distance.
February 19, 2026

Warner Bros still evaluating offers from Paramount and Netflix

Warner Bros Discovery is briefly reopening takeover talks with Skydance owned Paramount to hear the company’s “best and final” offer, while the Hollywood giant continues to back the studio and…
Meta CEO Mark Zuckerberg arrives for a landmark trial over whether social media platforms deliberately addict and harm children, Wednesday, February 18, in Los Angeles.
February 19, 2026

Zuckerberg takes the stand in social media trial

Mark Zuckerberg and opposing lawyers duelled in a Los Angeles courtroom on Wednesday, where the Meta CEO answered questions about young people’s use of Instagram, his congressional testimony and…