Shares of Jamaican fuel distribution companies have outpaced the broader market since January, while renewable stocks remain flat amid United States military action in Venezuela and Iran, which sent crude oil prices to…
Category: Business & Economy
Yam exports set to dip below US$40m for second year
Jamaican yam exporters expect some recovery in August after production fell by two-thirds at some farms in the wake of Hurricane Melissa. The crop, which in a good year earns about $6.5 billion…
Falling oil prices send Wall Street toward best day since US-Israel war on Iran
Oil prices are down, and stocks are up Monday, though such moves have been quick to reverse since the war in Iran began. The S&P 500 jumped 1.0 per cent and was on…
Staple dose of activism at AGMs gone
Minority investor Orrette Staple would start the same way at annual general meetings: “Mr Chair, with your permission, I would like to ask questions, but before I do I also have some observations.”…
Pension reform creates more room to grow client returns, says Sagicor
Jamaicans saving for retirement stand to benefit from increased diversification and possible higher returns over the long term following the government-announced plans to loosen the investment limits governing private pension funds. “[It] creates…
Kintyre doubles profit, majority shareholders plan US holding company
Kintyre Holdings Jamaica Limited more than doubled its net profit in 2025 while a group of its shareholders, led by Tyrone Wilson, separately disclosed plans to restructure their holdings into a United States-based…
Jamaica plans region’s largest renewable energy tender
Jamaica plans to launch the largest renewable energy and battery storage tender ever as it seeks 220 megawatts of new clean power paired with 110 megawatts of battery storage. It will glide the…
Music streaming creates fewer megastars, more working artistes
The Jamaica Music Society (JAMMS) says Jamaica’s music economy is producing more working artistes but fewer breakout stars, as streaming reshapes earnings and expectations. General Manager Evon Mullings told the Island Music Conference…
Hurricane Melissa led to $3.5 billion in lost sales for Campari, the owner of Wray & Nephew, Appleton rum brands
Hurricane Melissa cost Campari, the Italian spirits company, €21 million (J$3.5 billion) as the local operation, J.Wray & Nephew Ltd, suffered from a reduction in alcohol consumption, masking what would otherwise have been…
Seprod sells Butterkist biscuit maker IBL
Seprod Limited has sold International Biscuits Limited (IBL), the maker of Butterkist and Snackables, in a move CEO Richard Pandohie described as a deliberate step to simplify the group’s footprint, reduce channel conflict,…