United Oil & Gas Plc has raised £500,000 (J$105 million) from two unnamed institutional shareholders to shore up its working capital as the London Stock Exchange (LSE)-listed oil explorer advances efforts to secure…
Category: Business & Economy
Francis Wade | The Fifth Rung: Why companies that win at innovation already know where they’re going
As a lead innovator in your company, you are committed to helping your C-suite become inspired by novel offerings. These can help secure a brighter future, but creating them is easier said than…
Petrojam absorbs US$156,000-a-day loss after gas unit shuts down in April
Jamaica’s sole oil refinery suffered an unexpected shutdown of its gasolene production unit in April, racking up an estimated US$3.6 million (J$550 million) in production losses over 23 days and triggering an emergency…
Largest insulin distributor in Jamaica posts gain on acquisition
Acado Limited posted a US$8 million gain on the acquisition of the Jamaica operations of Massy Distribution Limited, a deal that gave it near-total control of the local insulin market, subject to a…
New Fed Chair vows independence amid call for lower rates
New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks…
Understanding the different interest-rate types and why it matters
We hear them so often: nominal interest rates, real interest rate, add-on interest rates, effective interest rates, compound interest rates – each having its own meaning and implications for borrowers, lenders and investors….
J$8.9b in crypto flows through Jamaican banks over five years
Banks reported J$8.9 billion in cryptocurrency-related transactions flowing through the island over five years to 2025, even though no virtual asset service providers operate domestically.
Raquel Seville and Keisha Bailey | Scotia’s Exit and the $54-Billion Question
Scotia Group Jamaica is leaving the Jamaica Stock Exchange while it is winning with record profits. The profit line is not the story. The story is capital, float, and where roughly $54 billion…
BSJ sees tenfold rise in modular home assessments
Several providers of modular homes are seeking approval of their building systems by the Bureau of Standards Jamaica (BSJ) in preparation for the post-Melissa rebuilding of western Jamaica. Manager of Testing and Industrial…
Silvera wins second JMEA term with data-led agenda for manufacturers
The Jamaica Manufacturers and Exporters Association (JMEA) plans to deepen industry data collection as part of a five-point agenda unveiled by President Kathryn Silvera after her re-election on Wednesday, building on efforts already…