Business

Updated 3 hours ago

IFC plans US$10m stake in Sygnus-managed CARICOM Fund

The International Finance Corporation (IFC) plans to invest US$10 million in a Caribbean Community (CARICOM) fund managed by Sygnus Capital Limited, subject to board approval.
"The proposed investment comprises a US$10-million equity investment in the Caribbean Community Resilience Fund Equity Fund (CCE)," stated the IFC, the private- sector financing arm of the World Bank.

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Updated 2 hours ago by Luke Douglas

JUTC moves to set up mini depots on north coast
The state-led Jamaica Urban Transit Company Limited (JUTC) plans to set up seven mini depots across the island as part of steps to add new routes, mainly along the north coast. The move would…
Updated 2 hours ago by Carolyn Guniss

Jamaican business fuel anxiety surges on global oil spike
Concern among Jamaican businesses about fuel and transport costs nearly doubled in a single survey period, as rising oil prices push inflation expectations above the Bank of Jamaica's (BOJ)…
Updated 2 hours ago

Woodcats posts lower quarterly profit after hurricane-hit demand dips
Woodcats International Ltd posted a 13.7 per cent decline in profit before tax for the three months ended March, marking the wood products manufacturer's first earnings report since listing on…
Updated 2 hours ago

BOJ says cost estimate for new business centre premature
The Bank of Jamaica (BOJ) says it is too early to put a price tag on its planned business centre at Hillcrest Avenue, as the professional designs needed to scope the project have not yet been…
Updated 2 hours ago

Summer travellers who relied on Spirit Airlines may struggle to find budget alternatives
Days after Spirit Airlines shut down in the middle of the night, a lawyer for the defunct budget carrier stood before a bankruptcy judge and apologised to the price-conscious customers who might…
Updated 2 hours ago

A new Swatch model is introduced, and a case study in overexcited ‘drop culture’ plays out
In Paris, police deployed tear gas. In Milan, Italy, a fistfight erupted. In London, Singapore and New York, all-night queues snaked from the doors of Swatch stores — the latest examples of…
Business
Updated 2 hours ago

Elizabeth Morgan | President Trump’s China visit – Any significance for this hemisphere?
US President Donald Trump paid a state visit to the People’s Republic of China, meeting with President Xi Jinping from May 13 to 15 in Beijing. This was the first presidential visit to China since…
May 17, 2026

Sagicor X Fund cites World Cup travel projections amid broader US booking shortfall
Sagicor Real Estate X Fund Limited has cited industry projections that point to World Cup-related travel growth, which could benefit its hotel portfolio even as bookings across US host cities are…
May 17, 2026 by Carolyn Guniss

Pension regulator says micro-pension plan unworkable for informal sector
The Financial Services Commission (FSC) has ruled out a state-administered micro-pension scheme for the more than one million workers currently without retirement coverage. A micro-pension is a…