The Government expects to divest the Soapberry Wastewater Treatment Plant this year as part of plans to double its capacity to meet infrastructure needs for increased housing developments. “We will go to market…
Category: Business & Economy
Battery plant set for St Catherine at US$30m
A British-Jamaican green energy consortium plans to set up a high-voltage battery manufacturing facility in St. Catherine, in what would be the first plant of its kind in the island. Aqvastor Technologies Limited,…
Regulator orders drug divestment for $30-billion-plus insulin market
Acado Limited, a Caribbean joint venture, must sell the local distribution rights to one of its insulin brands by September 2026 — or lose the right to complete a landmark acquisition, according to…
Mercedes‑Benz dealership denying aftersales service for grey market vehicles
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…
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…