Travellers to Jamaica fell sharply in October 2025, underscoring the immediate impact of Hurricane Melissa on the country’s tourism and travel markets. Despite making landfall just three days prior to month-end, the storm caused double-digit...
Bondholders are set to vote in December on terms for payment or an extension of the outstanding bonds issued by companies ultimately controlled by investor and chairman of Portland Private Equity, Michael Lee-Chin. Arising out of a meeting convened...
Caribbean Cement Company Limited said it holds sufficient cement inventory and production capacity to support Jamaica’s rebuilding efforts following Hurricane Melissa, as it disclosed third-quarter earnings. The country’s sole cement manufacturing...
American Airlines led all US carriers in passenger volume to Jamaica during the first seven months of 2025, and did so with one of the lowest cancellation rates, according to United States federal data. American flew over 811,580 passengers to...
Microlender Dolla Financial Services Limited is raising $1 billion on the public debt market to expand its loan portfolio and refinance existing debt. The company has the option to upsize the offer to $1.5 billion, contingent on market demand. The...
Jamaica’s insurance sector continues to expand, with total assets just shy of the $600-billion mark and capital buffers showing improvement, the Financial Services Commission, FSC, indicated in its June quarter review of the sector. Asset growth...
The Ministry of Tourism plans to undertake a review of the Tourism Linkages Network, following revelations that the programme has not delivered on its core economic objectives. “The programme’s actual contribution to national income has fallen...
JN Bank Limited met tougher regulatory capital requirements in its 2025 financial year ending March, while also posting higher pre-tax profit and fewer impairment losses, its newly released financial results show. It marks a steady recovery from...
Jamaican businesses are bracing for a potential uptick in prices, despite falling annual inflation, which was estimated at 1.2 per cent in August, one of the lowest levels in recent years. “Respondents indicated that they expected the largest...
In a celebrated ruling in August, the St Elizabeth Parish Court ordered the release of 295 pounds of marijuana seized from Zion Yard, a Rastafari community authorised to cultivate the herb for sacramental use. The marijuana – also referred to...
Excelerate Energy plans to invest up to US$400 million in energy infrastructure across Jamaica and the wider Caribbean, following its acquisition of natural gas assets from New Fortress Energy. The move will position Jamaica as a regional hub for...
When Condor Airlines landed at Sangster International Airport from Düsseldorf, Germany, last year, conditions were ideal: clear skies and low wind. But something was off. “Ground, we may have hit a bird. You can check the runway,” said the pilot in...
The Government plans to expand free public Wi-fi by 40 per cent this fiscal year, with a new tender for broadband services in Ocho Rios, St Ann, forming part of the wider push to modernise the national digital infrastructure. The expansion, however...
Caribbean Development Bank, CDB, sounded the alarm on Tuesday on the need for climate-resilient infrastructure across the region, citing the increasing frequency and severity of extreme weather events. “We cannot continue to rebuild our...
Innovative Energy Group Limited, IEG, formerly known as Ciboney, more than doubled its share capital during the quarter ended May, resulting in the public float falling below the 20 per cent minimum required by the Jamaica Stock Exchange for a...
Some farmers and processors are raising concerns about data ownership, the exposure of trade secrets, and costs associated with the phased start of a blockchain traceability platform by the commodities regulator, which aims to protect Jamaica’s...
The sale of Massy Distribution Jamaica Limited to Caribbean Distribution Partners Limited, CDPL, is being assessed by the Fair Trading Commission. The pharmaceutical and consumer products distributor is owned by Massy Holdings Limited of Trinidad...
First Rock Real Estate Investment Limited announced plans to regain possession of the remaining lots at its Hambani Estate residential complex from Sagicor Bank Jamaica. Hambani Estate is a high-priced, luxury residential development that’s been...
Jamaica’s economy grew 0.8 per cent in the March 2025 quarter, marking its exit from technical recession. The Planning Institute of Jamaica, PIOJ, the agency that released the figures, remains cautious on uncertainties regarding US trade tariff...
Innovative Energy Group Limited, IEG, formerly known as Ciboney Group, is entering into the distribution of electric golf carts across the region to augment its energy business. The group earned $100-million profit for its third quarter ending...
Spirits Pool Association Limited, which represents most of Jamaica’s rum distilleries, has pushed back against lawyer and rum consultant Howard Mitchell’s support for ageing Jamaican rum abroad. It comes amid an industry dispute centred on whether...
Canopy Insurance Limited, a joint venture between GraceKennedy Group and Musson Jamaica Limited, recorded a fivefold increase in profit in 2024, spurred by higher revenue. “Canopy’s revenue growth in 2024 was driven by acquiring new customers and...
Retired investment banker Christopher Williams has joined forces with Gary Matalon and others to form a new real estate development firm that’s taking aim at the short- term rental market, with a pipeline of projects that may extend beyond Jamaica...
