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 called…
Category: Business & Economy
Century pumps US$34m into Jamalco
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…
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Barita profit dips 62% in Melissa quarter
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…
Airports Authority to spend $9.5 billion upgrading airports as Hurricane Melissa fallout lingers
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…
Hurricane Melissa costs Liberty Latin America US$76 million in Jamaica
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…
Stanley Motta faces vacant floors but profit triples on property gains
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…
United Oil completes first phase of Jamaica seabed survey in bid to unlock billion-barrel prospects
United Oil & Gas PLC has completed the first stage of a surface geochemical exploration programme on its Walton-Morant licence offshore Jamaica, clearing a critical early hurdle in a three-phase effort to build…
TransJamaican Highway wants compensation from toll regulator
TransJamaican Highway Limited (TJH) wants compensation from the government after a 15 day toll suspension tied to Hurricane Melissa erased some US$3.5 million about J$550 million from fourth quarter revenue – even as…
NCB Financial’s asset tax burden erodes chairman’s debt payments
Michael Lee-Chin broke his silence on recent bond matters on Friday, telling NCB Financial Group shareholders that the asset tax has diverted US$100 million from his investment company that otherwise could have funded…
