Washington: The conversations at the IMF’s Spring Meetings 2026, from April 13 to 17, primarily focused on the ongoing Middle East conflict, its debilitating impact on global economies, and how the Fund can…
Category: Business & Economy
Revenue at Jamaica’s two major airports down by US$8m in March quarter
Revenue from Jamaica’s two major airports fell by US$8.1 million in the first quarter of 2026 as Hurricane Melissa continued to suppress hotel capacity and drain international passenger traffic, according to results released…
SVL expects to score profits from World Cup
Supreme Ventures Limited (SVL) expects World Cup football betting to drive quarterly profit this summer. The group expects its second and third quarters to benefit from the football windfall, having already recorded a…
EU close to approving release of US$106b loan to Ukraine
European Union (EU) envoys gathered on Wednesday, with most cautiously optimistic that a massive loan to help meet Ukraine’s military and financial needs for the next two years is close to being approved…
Cannabis industry on a $10b high despite Melissa
Jamaica’s legal cannabis industry was valued at US$63 million, or more than J$10 billion, in 2025, up nearly two-thirds higher year-on-year, according to the Cannabis Licensing Authority (CLA), which regulates the legal sector….
Jamaicans shift deposits to US dollars at accelerated pace in 2025
Jamaicans and local businesses moved the equivalent of J$95 billion into US dollar accounts at a pace six times faster in 2025 than the year before, amid Hurricane Melissa uncertainty, according to the…
Oil jumps, stocks barely budge
Oil prices are climbing Monday following the latest rise of tensions between the United States and Iran, but the moves are more modest than they were earlier in the war. US stocks, meanwhile,…
Kenny Benjamin to be inducted into PSOJ Hall of Fame
The Private Sector Organisation of Jamaica ( PSOJ ) has announced that Founder and Executive Chairman of the Guardsman Group, Kenneth ‘Kenny’ Benjamin, will be inducted as the 32 nd member of the…
Economist urges Jamaica to leave oil alone
University of the West Indies (UWI) economist Dr Damien King hopes Jamaica never strikes commercially viable oil – and he means it. King, who lectures in economics at UWI, fears what development economists…
Counterfeiters target Jamaica’s plastic banknotes
Fraudsters are counterfeiting Jamaica’s plastic polymer banknotes, according to the regulator in its annual report.
