Fuel terminal operator West Indies Petroleum Terminal (WIPT) reported weaker earnings in its first financial release since listing, sending shares down more than 25 per cent. Even so, the stock traded mid-day Thursday at $9.20 – more than 18 times...
Massy Gas in Jamaica plans to fully roll out its generative AI solution aimed at improving delivery times and other efficiencies, according to its parent company’s annual report. The initiative forms part of a wider AI push by parent company Massy...
Innovative Energy Group (IEG) plans to assemble electric golf carts in Jamaica, betting the venture will open doors for its core solar panel business across Caribbean resorts and golf clubs. The renewable-energy company plans to hire some 20...
Banking conglomerate NCB Financial Group has arranged J$15.1 billion in senior secured financing for Jamaica Broilers Group (JBG), providing a financial lifeline to one of Jamaica’s largest food producers as it works to stabilise operations...
The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago. Saks Global has secured roughly US$1.75...
Borrowers are falling behind in their loan payments, with past-due loans in October 2025 surging over 50 per cent month-on-month, reflecting the onset of the economic fallout from Hurricane Melissa. The delinquencies, captured in Bank of Jamaica (...
West Indies Petroleum Terminals (WIPT), a storage facility operator that listed on the Jamaica Stock Exchange (JSE) just three weeks ago, has surged to a market capitalisation that now exceeds NCB Financial Group’s, one of the region’s largest...
Cafe Blue plans to open its ninth outlet next month which features a DJ booth alongside indoor-outdoor dining. The move signals a shift in Jamaica’s cafe culture, from curated art and raw wood tables to a blend of coffee and live culture. The...
In 2025, global natural catastrophe losses covered by insurance and reinsurance capital exceeded US$100 billion for the sixth consecutive year, with the latest projected losses estimated at US$107 billion, according to the Swiss Re Institute. The...
The prospective buyer, graceful with strands of grey, followed the skirted realtor up a minimalist tower, paused at the patio to take in the view. Then sped away in his Porsche. “That’s what he drives when he’s on the island,” the realtor whispered...
Even people who are otherwise very literate can be financially illiterate; it shows in how poorly they manage their financial affairs. Financial literacy, though, gives power to realise personal goals from short-term to long-term and plays a...
PriceSmart Inc said Thursday that the opening of two new warehouse clubs in Jamaica has been pushed back following disruptions tied to Hurricane Melissa last October. The membership-based retailer told investors on its earnings call that its...
In a few weeks, we will receive one of the most-telling economic signals since Hurricane Melissa, the release of the fourth-quarter 2025 JCC Business and Consumer Confidence Surveys conducted by Market Research Services Limited. The results will...
Jamaica’s securities dealers are sitting on relatively high levels of cash within a market affected by uncertainty. Cash holdings in local collective investment schemes (CIS) surged 40.2 percent to $18.5 billion in the quarter ended September...
More artificial intelligence (AI) is being implanted into Gmail as Google tries to turn the world’s most popular email service into a personal assistant that can improve writing, summarise far-flung information buried in inboxes, and deliver daily...
Jamaica ended 2025 with 524,000 fewer passengers, marking the largest annual decline since the pandemic, as Hurricane Melissa battered the island’s tourism sector. “Montego Bay and Kingston recorded decreases ... as a result of disruptions caused...
President Donald Trump said on Wednesday that he wants to block large institutional investors from buying houses, saying that a ban would make it easier for younger families to buy their first homes. Trump — who has been under pressure to address...
Google and artificial intelligence chatbot maker Character Technologies have agreed to settle a lawsuit from a Florida, USA mother who alleged that a chatbot pushed her teenage son to kill himself. Attorneys for the two tech companies have also...
California will lose US$160 million for delaying the revocations of 17,000 commercial driver’s licences for immigrants, federal transportation officials announced on Wednesday. Transportation Secretary Sean Duffy already withheld US$40 million in...
US employers posted far fewer jobs in November than the previous month, a sign that employers are not yet ramping up hiring even as growth has picked up. Businesses and government agencies posted 7.1 million open jobs at the end of November, the...
West Indies Petroleum Terminal Ltd. (WIPT) stock climbed above $5.60 in Thursday trading, or 11 times its listing price some two weeks earlier, reflecting a rally driven more by scarcity than fundamentals. Since its December 23 debut on the...
Crowds flooded the freshly opened showroom floors on Day 2 of CES, which originally stood for the Consumer Electronic Show, and were met by thousands of robots, AI companions, assistants, health longevity technology, wearables, and more. Siemens...
Nvidia, AMD and Intel all had important chip and AI platform announcements on the first day of CES 2026, but all audiences wanted to see more of was Star Wars and Jensen Huang’s little robot buddies. The Consumer Electronic Show (CES) in Las Vegas...
