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…
Category: Business & Economy
Cannabis industry on a $10b high despite Melissa
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….
Jamaicans shift deposits to US dollars at accelerated pace in 2025
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…
Oil jumps, stocks barely budge
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,…
Kenny Benjamin to be inducted into PSOJ Hall of Fame
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…
Economist urges Jamaica to leave oil alone
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…
Counterfeiters target Jamaica’s plastic banknotes
Fraudsters are counterfeiting Jamaica’s plastic polymer banknotes, according to the regulator in its annual report.
First Order snags Domino’s in Jamaica
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…
Humanoid robots show off language and boxing skills in Hong Kong
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…
Paramount posts higher revenue and profit as hurricane impact fades
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…
