With the outsourcing sector in Jamaica facing a level of uncertainty at this time, developers of real estate are putting their construction dollars towards space for other types of businesses. Dayton Wood, chairman…
Category: Business & Economy
Petrojam buying new crane to replace obsolete equipment
Petrojam Limited, operator of Jamaica’s state-owned oil refinery, is acquiring a new mobile crane. “The procurement opportunity is an urgent one,” said Elon Parkinson, communications manager at Petrojam. The crane, intended to arrive…
Colombia foreign minister renounces US visa as tensions escalate
Colombia’s foreign minister has “renounced” her US visa to protest a decision by the State Department of the United States to revoke the visa of Colombian President Gustavo Petro, the Colombian government said…
National Rums get temporary relief in industry fight
Rum makers will return to court next February to battle over the definition of Jamaican rum, following a Supreme Court ruling that gives National Rums of Jamaica Limited, NRJ, temporary relief. On September…
Fesco to add four more gas stations to network
Future Sources Energy Company Limited, which trades as Fesco, will add at least four new service stations to the network by December 2026. The investment will range from $700 million to $1 billion…
New marijuana drug effective at reducing back pain, study finds
An experimental medication made from marijuana successfully reduced back pain in a new study, offering further support for the drug’s potential in treating one of the most common forms of chronic pain. The…
BOJ maintains policy rate at 5.75 per cent
The Bank of Jamaica (BOJ) has announced it is holding its policy rate at 5.75 per cent per annum. It says during meetings on September 25 and 26, its Monetary Policy Committee (MPC)…
Oran Hall | The far-reaching effects of a weak stock market
Ordinary shares can be relied upon to yield very positive returns to investors over the long term, but, because stock markets are cyclical, there are periods when equities do not give positive returns…
Coworking sector sprouting in Jamaica
Although most workplaces have long called back employees into office in the post-pandemic era, options for coworking and virtual office space in Jamaica continue to grow, at least in Kingston. From The Business…
JN Bank overcomes ‘close call’ to grow capital and profit
JN Bank Limited met tougher regulatory capital requirements in its 2025 financial year ending March, while also posting higher pre-tax profit and fewer impairment losses, its newly released financial results show. It marks…