The International Finance Corporation (IFC) plans to invest US$10 million in a Caribbean Community (CARICOM) fund managed by Sygnus Capital Limited, subject to board approval. “The proposed investment comprises a US$10-million equity investment…
Category: Business & Economy
Sagicor X Fund cites World Cup travel projections amid broader US booking shortfall
Sagicor Real Estate X Fund Limited has cited industry projections that point to World Cup-related travel growth, which could benefit its hotel portfolio even as bookings across US host cities are running below…
Pension regulator says micro-pension plan unworkable for informal sector
The Financial Services Commission (FSC) has ruled out a state-administered micro-pension scheme for the more than one million workers currently without retirement coverage. A micro-pension is a retirement savings product designed for low-income…
UTech advances plans to slash light bill in half with new solar power installations
The University of Technology, Jamaica (UTech) has launched a tender for solar power installation of at least 2.0 megawatts (MW) with optional battery storage across its Papine and satellite campuses, targeting savings of…
Iran war and Jamaica hurricane cost TUI €61m in half-year results
Europe’s largest tour operator, TUI Group, absorbed €61 million (J$11.2 billion) in combined one-off losses from the Iran war and Hurricane Melissa’s devastation of Jamaica during the first half of its financial year,…
Bank of Jamaica advances plans for new facility beside French Embassy on Hillcrest
The Bank of Jamaica (BOJ) has launched a tender for architectural and engineering consultants to design and oversee the construction of a new business continuity centre (BCC) on a 3.2-acre property near the…
Jamaica seeks new storm bond as hurricane season looms
Jamaica plans to restore its catastrophe bond coverage ahead of the Atlantic hurricane season, according to experts. They expect the country to raise around US$150 million in new parametric protection.
Home sales flat in April as lacklustre spring homebuying season lurches forward
Sales of previously occupied US homes were essentially flat in April, another lacklustre showing for the housing market during what is traditionally its busiest time of the year.
Massy sells Jamaica distribution arm at over J$2b loss
Massy Holdings Limited has booked a TT$105.3 million loss — equivalent to more than J$2.3 billion — on the sale of its Jamaican distribution subsidiary to a Trinidad and Barbados-backed consumer goods joint…
NCB Update
The conglomerate NCB Financial Group Ltd (NCBJ) reported net profit of $5.2 billion for the quarter ended March 2026, down sharply from $17 billion in the same period a year earlier — a…