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Category: Business & Economy

Business & Economy

EU close to approving release of US$106b loan to Ukraine

infojamaica
April 23, 2026

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…

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Business & Economy

Cannabis industry on a $10b high despite Melissa

infojamaica
April 22, 2026

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….

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Business & Economy

Jamaicans shift deposits to US dollars at accelerated pace in 2025

infojamaica
April 22, 2026

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…

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Business & Economy

Oil jumps, stocks barely budge

infojamaica
April 21, 2026

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,…

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Business & Economy

Kenny Benjamin to be inducted into PSOJ Hall of Fame

infojamaica
April 20, 2026

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…

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Business & Economy

Economist urges Jamaica to leave oil alone

infojamaica
April 17, 2026

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…

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Business & Economy

Counterfeiters target Jamaica’s plastic banknotes

infojamaica
April 17, 2026

Fraudsters are counterfeiting Jamaica’s plastic polymer banknotes, according to the regulator in its annual report.

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Business & Economy

First Order snags Domino’s in Jamaica

infojamaica
April 14, 2026

Brothers Sean and Nicholas Scott have combined forces to take over one of the largest and fastest-growing segments of Jamaica’s quick-service food industry, having acquired the assets of Convenient Brands Ltd to become…

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Business & Economy

Humanoid robots show off language and boxing skills in Hong Kong

infojamaica
April 14, 2026

A humanoid robot about the size of a primary school student had something to share in Hong Kong – it sang songs and spoke to people in Mandarin and English, answering whatever questions…

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Business & Economy

Paramount posts higher revenue and profit as hurricane impact fades

infojamaica
April 12, 2026

Paramount Trading (Jamaica) Ltd reported stronger revenue and profit for its third quarter ended February 28 despite disruptions caused by Hurricane Melissa. “The gross revenue for the current quarter was impacted by the…

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