First Rock Real Estate Investments Limited, FREI, has turned the corner in its third quarter, posting a modest profit after a bruising 2024. The company’s pivot to a REIT, or real estate investment trust, model is beginning to bear fruit, according...
India’s telecoms ministry has directed smartphone manufacturers to pre-install a government-run cybersecurity app on all new devices, according to a government order, raising concerns of data privacy and user consent in one of the largest handset...
Ask a room of central bankers how many want a less stable financial system, and you will see few, if any, hands go up. Ask how many support intrusive, costly supervision, endless box-ticking, and process-heavy enforcement, and the result will be...
The world economy has proven surprisingly durable in the face of trade wars initiated by the United States, the Organisation for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and US economic growth this year....
The Prada Group closed the purchase of Milan fashion rival Versace in a US$1.375-billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal....
There has been an increase in sales of zinc sheeting since the passage of Hurricane Melissa, as persons push to restore their homes, many of which lost roofs made from the same material during the storm. Industry players say it is unlikely that...
Petroleum marketing company Future Energy Source Company Limited grew revenue by six per cent and profit by 21 per cent to hit new highs at the close of the September quarter. Revenue rose to $8.39 billion, despite what CEO Jeremy Barnes referred...
Pulse Investments Limited has reported a sharp contraction in core revenue for the financial year ending June as it reshapes its business model. The modelling agency and hospitality company reported turnover of $157.5 million, down from $815.1...
Jamaica Stock Exchange Limited reported flat revenues and a near 30 per cent dip in profit for the September third quarter, its first reporting period under new CEO Livingstone Morrison, whose appointment took effect September 8. The group noted...
Bitcoin and companies tied to cryptocurrencies extended a nearly two-month swoon Monday, tracking with a broader market sell-off in technology companies that many see as overvalued. Bitcoin slid 6.5 per cent after being down nearly 12 per cent...
Brazilian police launched a police operation on Thursday to dismantle a major tax-evasion and money-laundering scheme in the fuel sector. The group under investigation is Brazil’s largest tax debtor, owing more than 26 billion reais (US$4.8...
We can finally wave goodbye to the 2025 hurricane season but it may be 18 months or more before Jamaica can exhale, particularly now that the message is coming from two institutions responsible for monitoring the country’s economic pulse: the...
Arc Manufacturing Limited has filed a lawsuit against Tank-Weld Metals Limited, accusing Jamaica’s largest steel distributor of abusing its dominant position in the rebar market through predatory pricing practices that allegedly crippled ARC’s...
The Dominican Republic has authorised the arrival of 800 new flights to accommodate a surge in tourists who were originally planning to vacation in Jamaica and other nearby islands, but were rerouted following the devastation of Hurricane Melissa....
AI is often portrayed as the harbinger of a prosperous, more efficient future. But the machines driving this revolution depend on a resource far older – and far more contested – than data or electricity: water. As the Heinrich Böll Foundation’s...
The Consumer Affairs Commission, CAC, recovered $17.21 million as compensation for aggrieved customers from 971 complaints for the period April to November, 2024, according to the Jamaica Information Service. By protecting consumers from financial...
As was expected, the government’s provisional estimate of the damage caused by Hurricane Melissa has increased. In one instance, the numbers climbed from a base of US$6-7 billion to US$8.8 billion. In the other, a newspaper editorial reported an...
Blue Power Group Limited, a manufacturer of cake and bar soaps, is preparing to enter the market for liquid soaps within the next two years. “Our end goal is to expand beyond just bar soaps. Our team is on the ground gathering all the consumer data...
Lumber Depot Limited is expecting increased business, at least for the remainder of 2025, as property owners affected by Hurricane Melissa look to rebuild their damaged homes. But beyond that, the impact is uncertain, as many of the construction...
GraceKennedy Limited has posted mixed results for the nine months ended September. While revenues climbed, profits faltered – and Hurricane Melissa has added a new layer of complexity and may further brunt the food and financial services...
Travellers to Jamaica fell sharply in October 2025, underscoring the immediate impact of Hurricane Melissa on the country’s tourism and travel markets. Despite making landfall just three days prior to month-end, the storm caused double-digit...
Seprod Limited delivered another quarter of robust revenue growth, buoyed by its regional acquisitions and expanded distribution footprint. However, the gains at the top line have not translated into commensurate improvements in profitability, as...
Bondholders are set to vote in December on terms for payment or an extension of the outstanding bonds issued by companies ultimately controlled by investor and chairman of Portland Private Equity, Michael Lee-Chin. Arising out of a meeting convened...
Britain’s centre-left Labour government sought to seize the political narrative Wednesday with a tax-raising budget that it hopes will boost economic growth, reduce child poverty and ease cost-of-living pressures. But the budget’s contents were...
