Picture Western Jamaica three years from now if the National Reconstruction and Resilience Authority (NaRRA) delivers fully on the ambition outlined by Prime Minister Dr Andrew Holness in his Budget Presentation earlier this…
Category: Business & Economy
IMF trims Jamaica’s 2027 outlook
The International Monetary Fund (IMF) has lowered its forecast for Jamaica’s economic growth in 2027, signalling a slower rebound than it expected six months ago, even as it upgraded its outlook for 2026….
Indies Pharma adds $1-billion loan from NCB at higher cost, but profit rises
Indies Pharma Jamaica Ltd earned higher profit for its latest quarter but replaced an earlier bond with a $1-billion issue at a higher interest rate. It comes as the drug distributor rebounds from…
Wigton Energy slashes over $800 million in debt ahead of solar push
Wigton Energy Ltd has cut over $800 million worth of debt in the year, clearing the way for the wind-power producer to chase solar projects even as half-year profit slipped. Its borrowing now…
US stocks sink as inflation gets worse
Worries about worsening inflation are weighing on Wall Street Wednesday and pulling the US stock market further from its record. The S&P 500 dropped 1.1 per cent and was on track for a…
The hidden bets your company makes
Imagine that your company proclaims its intent to ‘be number one’. The objective is clear, but you suspect that a commitment this simple may create more problems than it solves. If so, how…
PROVEN revises Chairman’s Report to reflect first rate hike in 17 months
PROVEN Group Ltd Chairman Mark Myers told shareholders in a revised annual report statement that “financing costs” could stay elevated amid global uncertainty. It was his first annual report statement since becoming chairman…
PBS Group buys 70% stake in Barbados tech firm TSL
The PBS Group, known for distributing Xerox in the Americas, said it has acquired a 70 per cent stake in TSL Barbados Ltd, an IT firm, which adds to its regional technology portfolio….
Anthropic’s Claude AI submits a false tip on a Philadelphia unsolved homicide case
An Anthropic artificial intelligence (AI) model submitted a false tip to a Philadelphia police website about an unsolved homicide case, authorities and Anthropic said. It is the latest example of AI models acting…
Canada fuels Jamaica’s winter airlift rebound as arrivals remain below pre-storm levels
Jamaica has secured more than 1.3 million airline seats for the January-April 2027 winter tourist season, a 23.5 per cent increase over the same period a year earlier, in the clearest sign yet…