Business

Jamaicans saving for retirement stand to benefit from increased diversification and possible higher returns over the long term following the government-announced plans to loosen the investment limits governing private pension funds. “[It] creates...

Pan Jamaica Group Limited paid $410 million for its just over 64 per cent stake in Frankly Juice, a Danish juice brand with a Scandinavian market. Concurrently, the group earned one-third higher profit for its full year ending December. The deal...

Jamaica plans to launch the largest renewable energy and battery storage tender ever as it seeks 220 megawatts of new clean power paired with 110 megawatts of battery storage. It will glide the island towards the target of generating half of the...

The second largest bank, Scotia Group Jamaica Limited (SGJ), reported net income of $4.1 billion for its first quarter ended January 2026, a modest decline from the $4.2 billion posted in the same period a year earlier, as the full financial weight...

Mailpac Group Limited has not completed its acquisition of MyCart Quick Limited, the company disclosed this month. “The transaction has not yet closed, and, accordingly, no Extraordinary General Meeting (EGM) has been convened at this time,”...

Jamaica has entered a daring new chapter of its economic story. After more than a decade fixated on restoring fiscal stability, we are haunted by ghosts of the past that never left our side, namely, how to build an economy capable of sustained...

Interest is what borrowers pay lenders for using their money. Interest is paid by governments, corporations, and diverse other organisations. It is paid on several types of instruments, at various frequencies, at various interest rates. Its payment...

Industrial air-conditioning installers CAC 2000 Limited posted a net loss of $176.2 million for the year ended October 2025, reversing a profit of $22.3 million the prior year, as ageing receivables and shrinking project billings weighed on results...

Mayberry Jamaican Equities Limited (MJE), which invests in a basket of listed companies, reported a net loss of US$31 million (some J$4.9 billion) for the year ended December 31, 2025, widening sharply from the US$887,000 loss a year earlier as its...

Hurricane Melissa cost Campari, the Italian spirits company, €21 million (J$3.5 billion) as the local operation, J.Wray...

Supreme Ventures Limited (SVL) reported billions of dollars in foregone revenue due to Hurricane Melissa. Disruptions led the gaming giant to post a fourth-quarter loss, but it still made stronger full-year earnings in 2025. “The group estimates...

GraceKennedy Limited (GK) reported higher revenue but lower profit in 2025, as Hurricane Melissa’s October landfall drove one-off costs and disrupted operations. The food and financial services conglomerate said revenue climbed 6.4 per cent to $177...