Business

May 27, 2026 by Luke Douglas

BOJ flags two quarters of above-target inflation, signals readiness to raise rates
The Bank of Jamaica (BOJ) expects inflation to climb above its six per cent target ceiling for at least two consecutive quarters and warned it stands ready to adjust interest rates if price pressures…
May 27, 2026

PayPal’s online checkout empire is under siege as rivals squeeze its core business
PayPal helped invent online checkout. Nearly three decades later, it's struggling to defend its turf. The iconic online payments company is facing its biggest challenge in nearly three decades…
May 27, 2026

Travel industry worries after Trump administration reiterates threat to sanctuary city airports 
The travel industry is on edge after Homeland Security Secretary Markwayne Mullin reiterated his threat to withdraw US Customs and Border Protection (CBP) officers from airports in so-called…
Business
May 27, 2026

Toshifumi Suzuki, the Japanese behind the ‘conbini’ empire, has died
TOKYO (AP) — Toshifumi Suzuki, the Japanese businessman credited with creating the 7-Eleven convenience-chain global retail empire, has died. He was 93. Suzuki, an honorary adviser at Seven & i…
May 28, 2026

ThisBank to raise US$6.9m in US debt offering
ThisBank Ltd, the UK-based digital lender formerly known as JN Bank UK, raised some US$6.9 million in a debt offering, according to a notice filed with the US Securities and Exchange Commission…
May 27, 2026

JPS profit halves as Hurricane Melissa recovery costs bite
Jamaica Public Service Company (JPS) posted a 50 per cent dip in its first-quarter profit as the power utility absorbed the lingering financial toll of Hurricane Melissa. The Category 5 storm, which…
Business
May 27, 2026 by Neville Graham

Holborn Road landmark up for auction
Plans are afoot to auction an incomplete New Kingston building at 8 Holborn Road whose construction was halted at one point by the authorities. The property — described in the auction notice as…
Business
May 27, 2026

Manufacturing stocks surge 16% in Q1 as JSE rally lifts sector index
The manufacturing and distribution stocks on the Jamaica Stock Exchange (JSE) doubled the performance of the overall market or their strongest quarterly performance in recent memory.  The outlook…
May 26, 2026

BOJ holds policy rate at 5.5 per cent
The Bank of Jamaica (BOJ) Monetary Policy Committee (MPC) has unanimously agreed to maintain the policy rate on overnight placements by deposit-taking institutions at 5.5 per cent per annum.