Business

Fishing boats dot the sea as cargo ships, in the background, sail through the Arabian Gulf toward the Strait of Hormuz off the United Arab Emirates, Friday, March 27, 2026. (AP Photo)
Published 5 hours ago

Iran’s proposal to collect tolls in the Strait of Hormuz violates trade norms

To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies. Yet collecting tolls in the strait would violate a basic and enduring principle of international maritime trade: freedom of peaceful navigation. It is an ancient idea codified by the United Nations Convention on the Law of the Sea, which took effect in 1994.

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Aircraft marshaller at Sangster International Airport in Montego Bay, St James, on Friday, February 24.
April 8, 2026

GAP refinances US$95.5m loan backing Jamaica, Mexico airport operations

The Pacific Airport Group (GAP), the Mexican airport operator that manages two of Jamaica’s international airports, has refinanced a “US$95.5 million bank loan” that matured on March 19, rolling the…
Business
April 8, 2026

British Airways to boost Ja flights as UK airlines fill seats

British Airways (BA) announced plans to increase flights to Kingston as part of its winter 2026 network expansion, a move that coincides with UK airlines running fewer but fuller aircraft on the…
Business
April 8, 2026

Tourism sector drives delinquent loans to record high

Past-due loans in Jamaica’s banking system surged to $84.6 billion in January 2026 – the highest level on record – driven by a deterioration in tourism sector borrowing that suggests Hurricane…
Medical Disposables & Supplies Limited on Hagley Park Road, Kingston.
April 8, 2026

Medical Disposables & Supplies Ltd adds industry veteran to board as losses persist

Medical Disposables & Supplies Ltd has appointed veteran pharmaceutical executive Duke Holness to its board as the company works to arrest two consecutive years of net losses. Chief Executive…
Pedestrians look at a destroyed building within the Grand Hosseiniyeh, with the mosque visible in the background, which officials at the site say was hit by US-Israeli airstrikes in Zanjan, Iran, on Saturday, April 4. AP
April 8, 2026

Oran A. Hall | How a faraway war can affect your pocket

The direct distance between Iran and Jamaica of over 7,000 miles is not that far when war intervenes. We are already experiencing some fall out, and things will get worse if it continues. Consumers…
Balram Vaswani CEO of Kaya.
April 4, 2026

Kaya posts J$550m sales from ganja, mushrooms and pizza in 2025

Ganja company NUGL, which trades as Kaya, reported higher revenues and also narrowed its losses for its financial year despite disruptions from Hurricane Melissa.
Business
April 4, 2026

Jamaica ranks 13th in regional AI index, UN body reports

Jamaica ranks 13th out of 19 countries in the latest edition of the Latin American Artificial Intelligence Index (ILIA), underscoring the challenges facing the island’s digital adoption.
Gary Peart from Mayberry.
April 4, 2026

Mayberry Investments taps bond market to refinance $2b

The Kingston-based Mayberry Investments Limited on Thursday launched a secured bond offer seeking to raise $2.06 billion from Jamaican retail and institutional investors, with proceeds earmarked for…
Yaneek Page
April 7, 2026

The 2026 Budget: Survive the squeeze or get left behind

If you were waiting for a ‘growth budget’ this year, you can stop. It isn’t coming. The Ministry of Finance already told us what this 2026-2027 Budget is: on their website it is aptly branded the…