GraceKennedy Limited’s remittance subsidiary in Guyana has received its third disputed tax assessment from the Guyana Revenue Authority (GRA), based on a company reclassification that GraceKennedy said contradicts more than two decades of…
Category: Business & Economy
Summit property put up for auction
The former Knutsford Court Hotel property in New Kingston will go up for auction on June 3, according to a notice published in The Gleaner. “Deposits payable immediately by certified cheque or bank transfer,”…
Shares of eBay take off on a $56 billion buyout bid from GameStop’s Ryan Cohen
Shares of eBay are soaring before the opening bell Monday as Ryan Cohen’s GameStop pursues an approximately US$56 billion takeover of the company, seeing it as a vehicle to compete with online retail…
Cricket West Indies expects losses of US$26m this year
Cricket West Indies (CWI) management expects the organisation to incur a further loss of US$26 million this year before returning to profit in 2027, as the body grapples with the financial consequences of…
Caribbean Cement posts higher profit as hurricane recovery lifts demand, output
Caribbean Cement Company Limited posted stronger first-quarter profit in 2026, capitalising on expanded production capacity and hurricane-driven demand after a year in which annual output fell to a near five-year low.
Caribbean Cement annual output fell to five-year low
The kiln expansion at Caribbean Cement Company Limited (CCCL) failed to lift output past one million tonnes in 2025 as production dipped below 2020 pandemic levels, according to data in its annual report….
No sugar-coating it
Consumers are bracing for a new round of price increases as three food manufacturing giants begin passing on the cost of the new sugar tax – with GraceKennedy the first to move, effective…
GraceKennedy announces price increases on non-alcoholic sweetened beverages
GraceKennedy Limited says it will increase its prices on non-alcoholic sweetened beverages by an average of nine per cent, effective Friday, May 1. In an April 24 notice to its Jamaican retail partners,…
Search for new BOJ governor begins
The search has started for a successor to Governor of the Bank of Jamaica (BOJ) Richard Byles whose appointment is set to end on August 18. In making the announcement in a media…
Expanded cement quota too small for Melissa rebuilding, warns Buying House
Buying House Company Limited says the Government’s decision to expand its cement import quota falls short of what will be needed to maintain stable supply through the second half of the year as…