Business

A Water Arch ceremony was done to signify the starting of the flight route on the apron at the Norman Manley International Airport on November 7, 2022.
Published 4 hours ago

Airports Authority to spend $9.5 billion upgrading airports as Hurricane Melissa fallout lingers

The Airports Authority of Jamaica (AAJ) plans to spend more on capital projects in the fiscal year ending 2027 than at any point since the pandemic as it works to modernise the country’s aviation infrastructure against the backdrop of a sector still recovering from Hurricane Melissa’s fallout. “Capital investment by AAJ for 2026-27 is budgeted at $9.5 billion,” stated the Jamaica Public Bodies report published this month by the Ministry of Finance.

Read more
Paul Simpson (left), founder, president and CEO of Cornerstone, and Mark Myers, chairman of both Cornerstone and Barita Investments Limited.
Updated 2 hours ago

Barita profit dips 62% in Melissa quarter

Barita Profit Falls 62 per cent as Hurricane Melissa Chills Jamaica’s Capital Markets Barita Investments Limited posted a 62 per cent drop in quarterly net profit after tax as Hurricane Melissa…
Yaneek Page
Updated 3 hours ago

Yaneek Page | Post-Melissa taxes and the reset for a resilient Ja

Jamaica is facing a stress test that has shattered a decade of fiscal silence: the ‘no new taxes era’ is officially buried under the multibillion-dollar wreckage of last year’s disastrous hurricane…
Published 4 hours ago by Lawrence Nicholson

Family owned businesses leading the way against corruption

There have been mixed responses to the latest release of the Corruption Perception Index (CPI) by Transparency International. For many, any report on corruption is about government and has nothing to…
Business
Published 4 hours ago

Bulletins

In Friday’s trading session the following reflects the movement of the JSE Indices: - The JSE Combined Index closed at 351,347.00 and the volume traded amounted to 25,517,101 valued at…
Business
February 20, 2026

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 —…
58 Half-Way Tree Road, St Andrew, as seen on October 13, 2023.
February 20, 2026

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.
February 20, 2026

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.
February 20, 2026

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.
February 20, 2026

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…