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...
The mid-sized R Hotel in New Kingston has been listed for sale at a price of US$16.5 million ($2.5 billion). The property is being marketed by Andrew Issa of Coldwell Banker Jamaica, who says short-term rentals are biting into the business that...
Productive Business Solutions Limited, PBS, a regional Xerox distributor and technology services provider, grew its capital by eight per cent last year, but still has a steep hill to climb back to its position three years ago. The company, chaired...
Competition regulator Fair Trading Commission, FTC, is assessing whether travellers are benefiting from price competition at Jamaica’s two major international airports, both managed by Mexico-based Grupo Aeroportuario del Pacífico, GAP, which...
The Planning Institute of Jamaica, PIOJ, expects the economy to grow in the March quarter but contract overall for the fiscal year. It comes as the planning agency reported a second consecutive quarter of decline of 1.8 per cent in the October-...
Toll road operator TransJamaican Highway Limited racked up revenue of US$82.8 million ($13 billion) from Jamaican commuters traversing the Portmore-May Pen segments of Highway 2000 last year. The collections were up 10 per cent relative to year...
Michael Lee-Chin remains in control of NCB Financial Group Limited, operator of Jamaica’s largest commercial bank, even as one of his companies sheds millions of shares and Cornerstone takes up a slot among the top owners. Lee-Chin is currently the...
The Jamaica Civil Aviation Authority, JCAA, which regulates the country’s airways, plans to ease congestion in the skies by implementing new software and systems to assist air traffic controllers. The regulator intends to procure an ATFM or Air...
Financial conglo-merate JMMB Group Limited plans to increase the yield on two expiring preference shares, pending shareholder approval to extend their maturity dates. “The pricing of the Jamaica dollar preference share was designed to ensure that...
