Excelerate Energy delivered record financial results in 2025, with its Jamaican operations emerging as the single biggest driver for the US-based liquefied natural gas (LNG) company. The company reported full-year net income of US$167 million and...
Hurricane Melissa is healing my recurring ambivalence about writing this nearly three-decade-old column. The first sign that the process had started was an email from a leading environmentalist. The insurer wrote off a vehicle that was damaged by...
Published:Wednesday | February 25, 2026 | 12:07 AM
Century Aluminium pumped US$34 million (about J$5.3 billion) into capital upgrades at its majority-owned Jamalco alumina refinery, racing to sever the operation’s dependence on the island’s power grid after Hurricane Melissa exposed the cost of...
Published:Wednesday | February 25, 2026 | 12:06 AM
Financing for electric vehicle transport is ramping up in Africa as confidence rises in the potential for battery swapping, fast charging and other technologies. Spiro, Africa’s largest electric mobility operator, has secured US$50 million in debt...
Published:Wednesday | February 25, 2026 | 12:06 AM
Microlender Dolla Financial Services posted a 40 per cent increase in net profit for 2025, despite challenges from fraud and Hurricane Melissa, which inched up non-performing loans. “The fraud definitely had a material impact on our expenses,”...
Silver Star Motors, the authorised distributor for Mercedes-Benz in Jamaica, will no longer provide aftersales service support for vehicles imported outside of the manufacturer’s authorised distribution network. It follows what the dealership...
Published:Wednesday | February 25, 2026 | 12:06 AM
IronRock Insurance Company Limited made $40-million profit during its fourth-quarter ending Decmeber 2025, despite heavy claims arising from Hurricane Melissa-related damage. The general insurer delivered insurance revenue of $571.4 million in...
Published:Wednesday | February 25, 2026 | 12:05 AM
Fontana Limited registered a 38 per cent dip in net profit year-on-year in the quarter ending December 31, 2025, largely due to the economic effects of Hurricane Melissa. Despite the setback by the category 5 strength hurricane the retail pharmacy...
The following content is created and paid for by Coerator Investment For many of us, financial planning and investing in securities can be a bit overwhelming. Here are 7 tips to assist you with achieving your financial goals: 1. Set an...
The following content is created and paid for by Coerator Investment For many of us, financial planning and investing in securities can be a bit overwhelming. Here are 7 tips to assist you with achieving your financial goals: 1. Set...
There have been mixed responses to the latest release of the Corruption Perception Index (CPI) by Transparency International. For many, any report on corruption is about government and has nothing to do with the man in the street. In fact, many...
Jamaica is facing a stress test that has shattered a decade of fiscal silence: the ‘no new taxes era’ is officially buried under the multibillion-dollar wreckage of last year’s disastrous hurricane season. News flash: fewer taxes is a luxury we...
In Friday’s trading session the following reflects the movement of the JSE Indices: - The JSE Combined Index closed at 351,347.00 and the volume traded amounted to 25,517,101 valued at $257,598,717.33. The JSE Index declined by 151.73 points ( 0....
The Airports Authority of Jamaica (AAJ) plans to spend more on capital projects in the fiscal year ending 2027 than at any point since the pandemic as it works to modernise the country’s aviation infrastructure against the backdrop of a sector...
Barita Profit Falls 62 per cent as Hurricane Melissa Chills Jamaica’s Capital Markets Barita Investments Limited posted a 62 per cent drop in quarterly net profit after tax as Hurricane Melissa hammered investor confidence and drained trading...
Honey Bun Ltd delivered higher first-quarter sales to December, but its $13-million profit marked an 83 per cent dip from year-earlier levels. Costs rose with the commissioning and early ramp up of its Angels, St Catherine facility, while Hurricane...
Productive Business Solutions Ltd (PBS), a regional technology distributor listed on the Jamaica Stock Exchange, reported a 36 per cent decline in full-year profit after absorbing more than US$6 million in costs tied to its Costa Rica operations....
Stanley Motta Limited, the Kingston-based commercial landlord, said a prospective tenant that had signed a letter of intent declined to proceed, leaving three floors in its recently completed development unoccupied. Even so, the company posted net...
JMMB Group Limited posted net profit of $985.5 million for its third quarter ended December 2025, down from $1.14 billion a year earlier due to impairments and Hurricane Melissa disruptions. Group CEO Keith Duncan said the hurricane “negatively...
Hurricane Melissa tore through Jamaica in late October 2025, flattening homes and severing telephone lines. For Liberty Latin America, the Category 5 storm left a combined cost of US$76 million — US$56 million in impairment charges and US$20...
Financial conglomerate Proven Group Limited (PGL) recorded a US$895,000 loss for shareholders in the December quarter, compared with a US$1.1-million profit a year earlier, as Hurricane Melissa disrupted operations. Proven said the quarter was...
DoorDash said on Wednesday its revenue rose 38 per cent in the fourth quarter as it gained new US customers and added new services like restaurant reservations. Investors cheered that growth, sending DoorDash’s stock up more than 13 per cent in...
Salada Foods Ltd reported first-quarter revenues and profit sliding amid storm-battered logistics and weaker domestic demand — an early signal of how deeply Hurricane Melissa has cut into Jamaica’s agri-food value chain. “The decline was primarily...
Mark Zuckerberg and opposing lawyers duelled in a Los Angeles courtroom on Wednesday, where the Meta CEO answered questions about young people’s use of Instagram, his congressional testimony and internal advice he has received about being “...
Warner Bros Discovery is briefly reopening takeover talks with Skydance owned Paramount to hear the company’s “best and final” offer, while the Hollywood giant continues to back the studio and streaming deal it struck with Netflix. In a Tuesday...
