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...

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...

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...

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,...

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...

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...

Paramount Trading (Jamaica) Ltd reported stronger revenue and profit for its third quarter ended February 28 despite disruptions caused by Hurricane Melissa. “The gross revenue for the current quarter was impacted by the passage of Hurricane...

United Oil...

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...

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 Melissa’s economic damage is still rippling through the...