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…
Category: Business & Economy
Innovative Energy to assemble electric golf carts, plans US$5m additional public offering
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…
Saks, the 164-year-old luxury department store, files for bankruptcy
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…
West Indies Petroleum Terminals surpasses NCB Financial’s market cap
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,…
Jamaica’s problem loans surge 50% in October
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…
Half a million fewer passengers in 2025
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…
WIPT stock climbs 11-fold in two weeks
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…
CES Day 2 reveals more gadgets and stars
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,…
Jamaica Stock Exchange dips below $2 trillion with 5.0% slide in 2025
The value of all shares on the Jamaica Stock Exchange (JSE) closed 2025 at US$1.98 trillion in market capitalisation, some 5.0 per cent lower than the previous year, as all three major indices…
Barita acquisition of JN Fund Managers pushes client funds over $500 billion
Barita Investments Limited can proceed in fully acquiring JN Fund Managers Limited (JNFM), a wholly owned subsidiary of Jamaica National Group, according to a release on the matter. “The transaction is expected to…