Fitch rating agency has revised the outlook for National Commercial Bank Jamaica Limited, NCBJ, from stable to positive, reflecting an overall improvement in the economy. NCBJ is Jamaica’s largest commercial bank with assets of nearly $886 billion...
The rise in value of the Jamaican dollar last year cost Jamaica Producers Group Limited hundreds of millions of dollars. The bulk of Jamaica Producers’ $29 billion in annual revenue takes the form of foreign currency that’s converted to Jamaican...
Proven Group Limited is chasing new debt capital at around the same rate it did a year ago, notwithstanding the pressures that inflation and rate hikes have been putting on bond yields. The company placed a two-year bond on the market on January 10...
Power provider Jamaica Public Service Company Limited, JPS, wants to increase by sixfold this year, the number of customers who prepay for electricity, otherwise called pay-as-you-go. It’s a bit of a conundrum, why after eight years since the...
In what amounts to a nudge, the central bank is pointing out to the Jamaican Government that it can get better interest on the money it holds at commercial banks, which one official data set estimates would hit $84 billion by March. The upshot is...
E-commerce orders are being cancelled or redirected amid the slashing of country destinations offered by the Postal Corporation, operator of Jamaica Post. The postal service, which delivered to about 200 countries using surface and airmail shipping...
The main market of the Jamaica Stock Exchange will struggle in 2023 even after three straight lacklustre years, but less so for other indices, market investors say. Long-term investors may see the dip in the main market as a buying opportunity for...
A shortage of bottles and complaints of unfair treatment have seen beer maker Red Stripe Jamaica introducing a rule that forces retailers to return empty bottles to the brewery. The rule initially affected sections of the trade, mainly bars and...
In the quiet turns of Tranquillity in Portland, near Buff Bay, artist Jeremiah ‘Miah’ Samuels displays his duffel bags, caps, and boots made from straw. Straw products are usually made in the form of mats and brooms, and of course large beach hats...
For the price of a small boutique hotel, Real estate investors can buy one of Jamaica’s historic structures, the Cardiff Hall Great House in St Ann, which is on the market for US$12 million ($1.9 billion) not as a commercial property, but as a...
The Jamaica economy grew six per cent in the first quarter of 2022, due to increased activity in the services sector, the Planning Institute of Jamaica reported on Wednesday. Services grew 8.9 per cent while the goods producing industry expanded by...
Jamaica will import more molasses this year to meet rising demand from rum companies. The sector projects it will need five times more of the cane by-product than Jamaica’s sugar factories can churn out. The local supply of molasses has been...
Crystal, at twenty-something, is unabashed about her lifestyle. She is one of thousands of Jamaicans who depend on remittances from overseas for living expenses. But Crystal, whose real name is masked to protect her privacy, does not totally fit...
Cigarette trader Carreras Limited plans to increase its distribution outlets to grow volume sales while keeping prices steady. The company, whose retired chairman Oliver Holmes is yet to be replaced, told shareholders at their annual general...
Caribbean Cement Company Limited, the maker of Carib Cement, released earnings that showed the first signs of weakness since the onset of the pandemic last year March. The company, however, stated that the outlook remains strong ahead of its plant...
A mid the recovery of some jobs as the economy rebounds, consumer prices have been rising steadily, the most rapid pace so far occurring at the end of summer, which has served to push the headline inflation rate far beyond the target that Jamaica’...
Europe-based global clean energy firm MPC Energy Solutions, which is listed on the Oslo Stock Exchange in Norway, is reporting that it has leased several acres of land in Jamaica as part of a major project to develop a 72.5-megawatt, MW, solar...
Rating agency Fitch has put a price tag of a whopping US$1.3 billion or some $194 billion on potential damage from a major, above-normal hurricane that could affect Jamaica, but says storm insurance from the recently activated catastrophe bond...
Brokerage firm Proven Wealth Limited says it is weighing the possibility of adding cryptocurrency trading for clients to its suite of products, signalling a major shift for the company and the wealth management industry in Jamaica. Proven’s...
The volume of airline passengers in Jamaica hovers at one-quarter below record levels, which signals some recovery at least during summer months, according to traffic data released on Monday by the Pacific Airport Group, GAP, which controls Jamaica...
Productive Business Solutions Limited (PBS), which operates the Xerox franchise for the Caribbean and parts of Latin America, announced that it will acquire a third-party technology company branded as PBS Technology Group Limited (PBSTG) for cash...
Michael Lee-Chin’s Portland Private Equity firm and affiliates have poured more funds into Merqueo, the Latin American online grocery business that has been widening its scope since the pandemic-related lockdowns. Portland views e-commerce as a...
