Ganja company NUGL, which trades as Kaya, reported higher revenues and also narrowed its losses for its financial year despite disruptions from Hurricane Melissa.
Category: Business & Economy
Jamaica ranks 13th in regional AI index, UN body reports
Jamaica ranks 13th out of 19 countries in the latest edition of the Latin American Artificial Intelligence Index (ILIA), underscoring the challenges facing the island’s digital adoption.
JPS writes off J$3.5b in Hurricane Melissa damage as profit slides
The Jamaica Public Service Company (JPS) has written off US$22.3 million — about J$3.5 billion — in assets damaged by Hurricane Melissa last October. The electricity utility said in its audited financials, released…
MSMEs seek bigger share of $470 billion procurement bill
Jamaica’s Government spends about US$3 billion (J$470 billion) per year to procure goods and services from the private sector, with only about one per cent going to micro, small, and medium sized companies…
Incomplete developments trigger state crackdown
More than 157 real estate developments across Jamaica are currently listed as incomplete despite passing their estimated completion date, according to the Real Estate Board’s (REB) public register. The figure highlights ongoing challenges…
NCB refinancing US$52 million in debt
Conglomerate NCB Financial Group (NCBFG) closed its bond refinancing offers this week, targeting some US$52 million equivalent across Jamaican dollar and US dollar tranches. The amount raised has not been disclosed, though the…
Major crimes fall in STAR communities, but training numbers dip
Major crimes declined in the five communities served by Project STAR during the quarter ended November 2025, compared with the previous quarter, underscoring the impact of the social and economic development initiative now…
Jamaicans can now get Airbnb payments via bank accounts
Airbnb has rolled out a new payout option for Jamaican hosts that allows them to receive earnings directly into their local bank accounts – a change that eliminates the currency conversion and intermediary…
OUR mulls 31‑day limit on NWC bills after thousands of complaints
The Office of Utilities Regulation (OUR) is expected to make a determination by summer on whether the National Water Commission (NWC) should adopt a fixed billing cycle, following consumer complaints about bills covering…
AIC Barbados discontinues case
AIC (Barbados) Limited, the investment vehicle linked to businessman Michael Lee-Chin, has discontinued its case against Cornerstone Financial Holdings Ltd, according to filings seen by the Financial Gleaner. “The claimant by its attorneys…