Europe’s largest tour operator, TUI Group, absorbed €61 million (J$11.2 billion) in combined one-off losses from the Iran war and Hurricane Melissa’s devastation of Jamaica during the first half of its financial year,…
Category: Business & Economy
Bank of Jamaica advances plans for new facility beside French Embassy on Hillcrest
The Bank of Jamaica (BOJ) has launched a tender for architectural and engineering consultants to design and oversee the construction of a new business continuity centre (BCC) on a 3.2-acre property near the…
Jamaica seeks new storm bond as hurricane season looms
Jamaica plans to restore its catastrophe bond coverage ahead of the Atlantic hurricane season, according to experts. They expect the country to raise around US$150 million in new parametric protection.
Home sales flat in April as lacklustre spring homebuying season lurches forward
Sales of previously occupied US homes were essentially flat in April, another lacklustre showing for the housing market during what is traditionally its busiest time of the year.
Massy sells Jamaica distribution arm at over J$2b loss
Massy Holdings Limited has booked a TT$105.3 million loss — equivalent to more than J$2.3 billion — on the sale of its Jamaican distribution subsidiary to a Trinidad and Barbados-backed consumer goods joint…
NCB Update
The conglomerate NCB Financial Group Ltd (NCBJ) reported net profit of $5.2 billion for the quarter ended March 2026, down sharply from $17 billion in the same period a year earlier — a…
US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April
America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring beat the 65,000 jobs forecasters had expected, though it decelerated from the 185,000 jobs…
Higher air fares as Spirit’s low-price floor vanishes
The cheapest one-way seat from Fort Lauderdale to Kingston cost US$107 when Spirit Airlines was flying. Today, it starts at about US$157 — nearly 50 per cent more — based on current fares…
Shipping firms punished over Strait of Hormuz impasse
With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than…
