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Category: Business & Economy

Business & Economy

Trump’s plan to renationalise oil faces hurdles in Venezuela

infojamaica
January 6, 2026

President Donald Trump’s plan to take control of Venezuela’s oil industry and ask American companies to revitalise it after capturing President Nicolás Maduro in a raid isn’t likely to have a significant immediate…

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Business & Economy

Jamaica’s hurricane rebound officially faster than estimates in September quarter

infojamaica
January 4, 2026

The economy officially grew faster than initial estimates in the September quarter of 2025, before the onset of Hurricane Melissa. It expanded by 5.1 per cent, according to data from the Statistical Institute…

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Business & Economy

Verandas to vertical towers: Devon House era home to become commercial

infojamaica
January 4, 2026

A 19th-century Georgian style property with ties to the Devon House estate has entered the market, with sellers asking US$3.4 million or J$550 million for just over half an acre. The price, among…

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Business & Economy

Lee-Chin’s AIC to make payment this month

infojamaica
January 2, 2026

AIC (Barbados) Limited has formally confirmed its obligation to make principal and interest payments in January totalling US$94.09 million to bondholders, following weeks of tension and a public ultimatum issued by investors. “[We]…

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Business & Economy

Hyatt’s US$2-billion Playa sale leaves Jamaica resorts shuttered until late 2026

infojamaica
January 2, 2026

The Chicago-based Hyatt Hotels Corporation this week closed its US$2-billion sale of the Playa Hotels…

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Business & Economy

Warren Buffett maxims as he demits CEO post

infojamaica
January 1, 2026

The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha…

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Business & Economy

Business leaders expect higher costs but stable currency after Hurricane Melissa

infojamaica
December 31, 2025

Jamaican businesses raised their inflation expectations in November 2025, reflecting concerns about the economic fallout from Hurricane Melissa and signalling higher anticipated costs across key inputs. “The expected inflation 12 months ahead was…

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Business & Economy

West Indies Petroleum Energy fuels expansion plans with 11 temporary Thrifty Gas sites

infojamaica
December 31, 2025

West Indies Petroleum Energy (WIP Energy) will set up fuel station outlets along Jamaica’s north and south coasts under its Thrifty Gas brand. It received planning approvals for 11 sites granted by the…

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Business & Economy

Find inspiration for achieving your financial resolutions and money goals in 2026

infojamaica
December 30, 2025

The start of a new year usually brings new motivation to achieve goals like eating healthier or finally cleaning your basement. Many resolutions also focus on financial goals, such as paying off credit…

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Business & Economy

CIBC Jamaica profit plunges 88 per cent amid Hurricane

infojamaica
December 28, 2025

CIBC Caribbean Bank Jamaica Ltd made $45.9 million profit for its October 2025 year end or four-fifths less than a year earlier, as the bank grappled with the impact of Hurricane Melissa. It…

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