Business
18 Sep, 2026
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Rate-hike expectations climb from a fifth to a third among local business leaders
Jamaican business leaders expect inflation to ease to 6.8 per cent by December, even as a growing share anticipate that the Bank of Jamaica (BOJ) will raise interest rates. The central bank’s July…
18 Sep, 2026
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Apple TV comes to Jamaica, and VPNs can go
Jamaican subscribers can now reach Apple TV through a storage plan that costs US$0.99 a month, less than the price of a patty, while Americans pay 15 times as much for the service on its own. The…
18 Sep, 2026
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Jamaica US$1b bond raise reflects post-Melissa confidence, says finance minister
Jamaica raised US$1 billion from the international capital markets on Wednesday at a coupon of 6.25 per cent, the lowest coupon the country has paid on an international bond. It was the…
17 Sep, 2026
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Fed defies Trump with first rate rise in 3 years
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White…
16 Sep, 2026
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Island Grill targets 30 stores by 2030 in stepped-up expansion
Island Grill plans to grow its restaurant network by two-thirds to 30 outlets by 2030, a target that overtakes the goal the chain set a year ago. Chief Executive Officer Tania Waldron-Gooden told the…
16 Sep, 2026
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Stronger Jamaican dollar contributed to BOJ loss
The Bank of Jamaica said it booked a $6.9-billion loss in the eight months to August, driven mainly by writedowns and currency movements. “The losses year to date have arisen primarily from unrealised…
16 Sep, 2026
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FSC sets up innovation unit, sandbox for new financial products
The Financial Services Commission (FSC) has established two departments – an Innovation Unit and a Market Growth & Development Department – to give securities, insurance and private pension firms…
16 Sep, 2026
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Fontana sales hit record, but costs weigh on profit
Fontana Limited generated record revenue but lower profit across its enlarged 11-store pharmacy network. It plans to cut costs going forward. “The next phase will focus on inventory optimisation,…
16 Sep, 2026
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Omni sees local growth but shrinking oversees sales
Omni Industries Limited has cut its export ambitions by half and stretched the deadline, telling shareholders it now wants overseas sales to reach 10 per cent of revenue within five years – down from…