Jamaican Teas Limited emerged relatively unscathed by Hurricane Melissa, with no damage to its complex at Temple Hall nor its supermarket and unsold studio apartments. Additionally, two-thirds of the group’s manufacturing sales are exported to...
Electrical and energy solutions provider FosRich Company Limited is aiming for a sharp turnaround after posting steep losses of nearly half-billion dollars year to date. It is banking on solar energy to fuel its recovery. Over nine months ending...
In the aftermath of the passage of Hurricane Melissa, some banks and credit unions are easing up on loan repayments as a form of relief for the thousands of individuals and small businesses that had their property destroyed during the catastrophic...
Excelerate Energy, which recently purchased New Fortress’ holdings in Jamaica, indicates that damage to LNG assets caused by Hurricane Melissa would be covered by insurance, while maintaining a strong financial outlook. “I want to reassure our...
The International Finance Corporation, the private sector financing arm of the World Bank, plans to invest up to US$15 million in a new sub-fund of the Caribbean Community Resilience Fund, a regional climate-focused facility that includes Jamaica...
Amid ongoing efforts to reverse financial losses and transform the multimedia business, Radio Jamaica Limited, which trades as RJRGLEANER Communications Group, updated shareholders on plans to break down internal silos, streamline operations and...
Wendy’s plans to close hundreds restaurants in the United States over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin, Ohio-based chain said during a conference call with investors...
Published:Wednesday | November 12, 2025 | 12:16 AM
Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-...
Published:Wednesday | November 12, 2025 | 12:15 AM
The head of the International Maritime Organization, an agency of the United Nations, said Monday he was continuing to “advocate and campaign” for global regulations to move the shipping industry away from fossil fuels, despite the United States...
Published:Wednesday | November 12, 2025 | 12:11 AM
Vaishnavi Srinivasagopalan, a skilled Indian IT professional who has worked in both India and the United States, has been looking for work in China. Beijing’s new K-visa programme targeting science and technology workers could turn that dream into...
The Barnett Tech Park in Montego Bay suffered significant damage as a result of Hurricane Melissa, leaving more than 6,000 workers in the global services, or outsourcing, sector without a job for now. Mark Kerr-Jarrett, managing director of Barnett...
Published:Wednesday | November 12, 2025 | 12:10 AM
Dolla Financial Services Limited tripled its profit in the third quarter to $186 million, setting the stage for a new yearly record. The company’s earnings year to date, January-September, have already surpassed yearly profit for 2024,...
Published:Wednesday | November 12, 2025 | 12:09 AM
Supreme Ventures Limited, SVL, posted strong third-quarter results, but the gaming and lottery company remains cautious about the lingering effects of Hurricane Melissa, which disrupted operations in key parishes and threatens to dampen fourth-...
Published:Wednesday | November 12, 2025 | 12:06 AM
Saudi oil giant Aramco reported on Tuesday a US$26.9-billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market. Aramco’s results serve as a...
Published:Wednesday | November 12, 2025 | 12:05 AM
The Government of Jamaica will begin formal discussions in January to either renew or revoke the licence of sole power utility Jamaica Public Service Company Limited, JPS, following the close of a tender to secure a consultant to guide the process...
Several airports with major package distribution centres are on the list of airports that will reduce capacity in the wake of the US Federal Aviation Administration’s announcement of a 10 per cent reduction in flight capacity across 40 major US...
OpenAI and Amazon have signed a US$38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s data centres in the United States. OpenAI will be able to power its AI tools using “hundreds of thousands” of...
Everyone says focus on your knitting; don’t stray outside your mandate. But the best government leaders – the ones who will be remembered 20 years from now – are doing the exact opposite. Imagine yourself leading a ministry. Your organisations,...
CCRIF Spc, the Caribbean catastrophe risk insurance facility, will make a second payment to Jamaica, this time in relation to rainfall due to Hurricane Melissa. A day later, on Friday, the World Bank said it would pay out 100 per cent of Jamaica’s...
There are several estate planning tools – trusts, joint ownership, living gifts, and wills – but a will is perhaps the most common and effective means of passing on one’s assets to named beneficiaries. It takes effect after the death of the...
Today’s article is a mixture of a piece I began writing when Melissa, then a tropical storm, first threatened Jamaica. The other parts are post-Hurricane Melissa news. Like many people, I did not know then that this storm would quickly develop into...
PriceSmart Inc, operator of membership warehouse clubs across the Americas, plans to double its store count in Jamaica to four by next year. “The company purchased land in Montego Bay, Jamaica, and leased land located on South Camp Road, Jamaica,...
Airports in New York, Los Angeles and Chicago are among 40 of the busiest across the United States where flights will be cut starting Friday due to the government shutdown, according to a list distributed to the airlines and obtained by The...
General Accident Insurance Company Jamaica Limited is expanding through the addition of a new subsidiary, Trinidad-based Beacon Insurance Company Limited, which will create one of the largest regional insurance platforms in the English-speaking...
