Business
August 19, 2026
by Neville Graham
Modular homes worth $3.1b arriving
Families displaced by Hurricane Melissa are set to receive modular homes as the bulk of 2,500 units purchased by the National Housing Trust (NHT) under a $3.1 billion emergency contract with Chinese…
August 19, 2026
Jamaica’s net remittances jump 9.3% in June, marking strongest monthly gain this year
Net remittance inflows to Jamaica rose 9.3 per cent in June to US$292.8 million, the sharpest year-over-year monthly increase so far in 2026, according to data published by the Bank of Jamaica. The…
August 19, 2026
Kingston air traffic grows while Montego Bay passenger volumes and Falmouth cruise arrivals lag
Airport and cruise arrivals to the island point to an uneven summer recovery. The Norman Manley International Airport (NMIA) in Kingston posted passenger growth in July, bucking a broader pattern of…
August 19, 2026
Jamaica’s cocoa output halves as ageing trees drag production to new lows
Jamaica’s cocoa production has fallen to roughly half its recent output, constrained by an ageing tree stock and a greying farmer base. It has prompted calls to fast-track an ongoing national…
August 19, 2026
Pinnacle hires hospitality veteran to steer US$450m Montego Bay towers to completion
LCH Developments has appointed Joel Tate, a veteran hospitality construction executive, as director of project management for The Pinnacle, the US$450-million four-tower residential development…
August 19, 2026
IMF welcomes Dr Brian Langrin’s appointment as Bank of Jamaica governor
An International Monetary Fund (IMF) director has welcomed the appointment of Dr R. Brian Langrin as the governor of the Bank of Jamaica (BOJ). “We look forward to working closely with Governor…
August 19, 2026
Barita clears sites for construction as investment group hires real estate developer
Barita Investments Limited has demolished two landmark Kingston properties and hired a global development executive to lead their redevelopment – the clearest signal yet that the investment group is…
August 19, 2026
Cedric E. Stephens | FSC’s Melissa claims backlog statement is opaque
The Financial Services Commission (FSC), Jamaica’s insurance regulator, has been publishing a full‑page advertisement in both daily newspapers since last Friday. It was issued jointly with the…
August 19, 2026
JMMB’s Sagicor stake earns more than its own business – and worth more than the entire company
JMMB Group Limited’s investment in Sagicor Financial Company (SFC) earned the group more money in the June first quarter than its own banking and securities operations, even though earnings fluctuate…