Business

Business
June 3, 2026 by Luke Douglas

$192M insurance payout narrows Palace Amusement losses
Palace Amusement Company Ltd swung to a quarterly profit after receiving a $192-million insurance payout tied to hurricane damage at its Montego Bay cinema, though revenue fell sharply as the chain…
Business
June 3, 2026 by Luke Douglas

Kremi raises prices 5% as costs drive $96m loss
Caribbean Cream Limited, the ice cream maker that trades as Kremi, said it raised product prices by an average of 5.0 per cent this month due to rising costs. "There are question marks about…
Business
June 3, 2026

Jamaica's remittance inflows rose 5.2 per cent in March
Jamaica received US$298 million in net remittance inflows in March 2026, or 5.2 per cent higher over the same month a year earlier, as flows from the diaspora continued to underpin the island's…
Business
June 3, 2026

Florida sues OpenAI and CEO Sam Altman, claiming company concealed serious risks of ChatGPT
The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious…
Business
June 3, 2026

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools 
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award on Sunday honouring his…
Business
June 3, 2026

Chinese online retailer Temu hit with US$232-million fine over claims of unsafe toys and electronics 
Temu was hit with a 200-million euro (US$232-million) fine after a European Union (EU) investigation found the Chinese online retailer failed to protect consumers from illegal products, like toxic or…
Business
May 31, 2026 by Carolyn Guniss

MoneyMasters breaks ground on US$25m 10-storey commercial project near Half-Way Tree 
When Claudette Crooks set out in 2022 to build a commercial project in Kingston, she had a pointed challenge for Jamaica’s pension fund managers: Instead of investing incremental amounts in New York…
Business
May 31, 2026

Contractors sought for modernisation drive for Fantasy, Pagee and Success beaches
For most Jamaicans, a day at the beach means makeshift stalls, limited shade, and decades-old facilities but the Government plans to change that — upgrading three public beaches in quick succession,…
May 31, 2026

Cedric Stephens | Jamaica's traffic crisis is a national risk event
Jamaica is not just dealing with traffic congestion — we are confronting a growing national risk exposure. Every morning and evening, the country bleeds time, productivity, and money as thousands of…