Paramount Trading Jamaica Ltd nearly quadrupled its net profit for the financial year ended May 2026, powered by cost discipline and one-off gains that offset a revenue dip linked to the impact of…
Category: Business & Economy
VM Investments upsizes bond offer to $4.8b
VM Investments Ltd (VMIL) has increased the size of its public bond offer to $4.8 billion after increased investor demand, the company disclosed on Sunday. “Successful applicants will receive confirmation of their allotments…
US stocks rally near record as falling oil prices ease Wall Street’s worries about inflation
US stocks are rallying to the edge of their all-time high on Monday after easing oil prices helped calm Wall Street’s worries that inflation could get even worse. The S&P 500 jumped 1.5…
VM Group ends 60-year audit relationship with KPMG
VM Group has ended a roughly 60-year relationship with KPMG, appointing PricewaterhouseCoopers (PwC) as its new external auditor after shareholders approved the change at Tuesday’s annual general meeting.
JSE suspends Portland JSX shares as audited accounts become 91 days overdue
The Jamaica Stock Exchange (JSE) has suspended trading in the shares of investment company Portland JSX Ltd (PJX) after it failed to submit its audited financial statements for the year ended February 2026…
Caribbean air travel capacity shrinking, only behind Middle East
The Caribbean recorded the second-largest decline in airline seat capacity in the world after the Middle East in July when compared with year-earlier levels, according to the OAG, a UK-based travel analytics firm.
Dozens of properties headed to auction amid jump in past-due loans
A commercial plaza, a medical facility, and resort-area properties are among dozens of mortgaged properties scheduled to be auctioned in August. It comes amid a three-quarter rise in past due loans across the…
Amina Taylor | Can the King of the North rally Britain?
The King of the North has arrived to Downing Street. Andy Burnham is officially the prime minister of the UK, a role he seemingly inherited in the most bloodless of coups. In what…
Cal’s seeks court approval to commercialise Westminster Rd properties
The founder of Cal’s Manufacturing Ltd has applied to the Supreme Court to modify covenants on two adjoining residential properties on Westminster Road in Kingston for commercial activities. Its directors acquired the parcels…
