Business

Windalco plant
Published 2 hours ago

Rusal seeks buyers for Windalco as it pulls back from the Caribbean

Russia’s largest aluminium producer, UC Rusal, has started looking for buyers for its Windalco alumina complex in Jamaica and its bauxite operations in Guyana, US-based Bloomberg News reported, citing people familiar with the matter. The sources told Bloomberg the plans remain at an early stage and a sale may not happen. Rusal declined to comment to Bloomberg on any potential sale. The Financial Gleaner awaits responses to queries sent to Rusal and to Mining Minister Floyd Green.

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Cedric Stephens
25 Sep, 2026 0

Hurricane Melissa and the ‘endurance economy’ – The recovery we are enduring

In a recent series of articles, Professor C. Justin Robinson, pro-vice-chancellor and principal of The University of the West Indies Five Islands Campus, introduced the concept of the ‘endurance…
Petrojam refinery
25 Sep, 2026 0

Jamaica holds US$45m owed to Venezuela in frozen account

Jamaica has built up US$45 million (J$7.2b) in PetroCaribe payments owed to Venezuela, an amount that’s grown more than 16-fold over two years. The money sits in a segregated account at the Bank of…
Executive Chairman of Sandals Resorts International, Adam Stewart.
25 Sep, 2026 0

Sandals to earn about US$600m a year, Royal Caribbean deal implies

Royal Caribbean Group’s agreement to buy half of Sandals Resorts International implies the Jamaican hotel chain will earn roughly US$600 million a year in earnings before interest, tax, depreciation…
Business
25 Sep, 2026 0

JSE SUMMARY THURS, sept 24

In Thursday’s trading session the following reflects the movement of the JSE Indices: • The JSE Combined Index advanced by 113.68 points (0.03%) to close at 375,223.62 points and the volume traded…
Melania Trump (third left)
24 Sep, 2026 0

Melania Trump rings New York Stock Exchange opening bell to launch new women’s initiative, Imperia

Melania Trump rang the opening bell at the New York Stock Exchange (NYSE) on Wednesday to promote her new initiative to help women become leaders and achieve economic power. It’s called Imperia, and…
Jamaica Broilers Group offices in Old Harbour, St Catherine.
23 Sep, 2026 0

JBG forensic sweep finds no new irregularities amid $6.8b loss

Jamaica Broilers Group (JBG) said it conducted a forensic review of its electronic communications and found no accounting irregularities beyond those already disclosed, the poultry group said in…
CHEN
23 Sep, 2026 0

Broke by month-end: Cash crunch drives look at fortnightly pay

Jamaican employers and trade unions are split over whether to move the country’s monthly paid workers onto fortnightly pay, a change that would lift nobody’s salary but would halve the wait between…
Business
23 Sep, 2026 0

CG United presses expansion despite US$62m Melissa claims bill

Hurricane Melissa cost CG United Insurance Jamaica US$62 million in claims and pushed it to loss position, but it’s still in growth mode. “Overall, CG United Jamaica had 209 reported claims,” Country…
Business
23 Sep, 2026 0

Coconut output up 73% since 2021, but drought stalls recovery

Jamaica’s coconut production has climbed 73 per cent since 2021 on the back of a sustained replanting drive, but current drought conditions threatens that recovery, with one St Thomas grower reporting…