Business
University of the West Indies (UWI) economist Dr Damien King hopes Jamaica never strikes commercially viable oil – and he means it. King, who lectures in economics at UWI, fears what development economists call the ‘resource curse’ – a pattern in...
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Fraudsters are counterfeiting Jamaica’s plastic polymer banknotes, according to the regulator in its annual report. The Bank of Jamaica (BOJ), however, insists it still detected three times more cotton fakes than polymer fakes in 2025. Specifically...
Quantas Advantage Inc, led by former bank executives, aims to raise US$9.4 million through an initial public offering (IPO) on the Jamaica Stock Exchange, with plans to upsize the offering to US$15.5 million, provided demand warrants. “The funding...
Insurance companies received a near sixfold increase in reinsurance funds to settle claims arising from Hurricane Melissa, according to the latest data from the Financial Services Commission (FSC), which regulates the sector. “This significant...
Jamaica Broilers Group Limited (JBG) announced plans to sell its chicken processing plant in South Carolina, marking the first asset sale since its US corporate scandal. The Jamaica-based group said in a market filing that it had “entered into an...
CUNA Caribbean Insurance Jamaica Limited, the local arm of US-based CUNA Mutual Group and the long-standing insurer to Jamaica’s credit union movement, plans to expand its market presence after posting increased profit in 2025. Insurance revenue...
National Commercial Bank Jamaica (NCB), the nation’s largest bank, is auctioning off 110 repossessed vehicles, ranging from an $18.4-million 2022 Porsche Cayenne to a $500,000 2016 Nissan AD wagon. The combined asking value of the vehicles on offer...
Tensions around the Strait of Hormuz are rippling through Jamaica’s bauxite and alumina sector, raising production costs and feeding inflationary pressures, the Jamaica Bauxite Institute (JBI) warned in a notice on the weekend. “Jamaica may be...
Dhiru Tanna, the economist who turned delicate soaps and hard lumber into a $4-billion business legacy, died on Monday night. He was 82. “We already have confirmation that he has died,” Jamaica National Group chief executive officer Earl Jarrett,...
Canopy Insurance Limited, a joint venture between GraceKennedy Group and Musson Jamaica Limited, posted profit for a third consecutive year, with revenue and earnings both rising by double-digit levels. The results were achieved against the...
After several weeks of increases, motorists will pay a bit less for gas come Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $0.25 to sell for $176.63 per litre and a litre of E-10 90 will go down by $0.25 to...
As an executive, you want to be part of a team that directs your company toward fresh, uncharted waters. But the directions given by the book Blue Ocean Strategy aren’t working. One of the biggest mistakes in corporate strategy took place in a...
Brothers Sean and Nicholas Scott have combined forces to take over one of the largest and fastest-growing segments of Jamaica’s quick-service food industry, having acquired the assets of Convenient Brands Ltd to become the new master franchisee...
A humanoid robot about the size of a primary school student had something to share in Hong Kong – it sang songs and spoke to people in Mandarin and English, answering whatever questions they posed and delighting the audience around it. More than...
