Offshore oil exploration firm United Oil & Gas Plc expects to secure a joint-venture partner by October, according to its full-year results published this week. The company cited the disruption to global oil…
Category: Business & Economy
US stocks end mixed, weighed down by more losses for tech giants
Stocks wavered to a mixed close on Wall Street on Wednesday as technology stocks once again weighed down the market. Declines for several influential tech heavyweights, including Microsoft, pulled the broader market lower,…
Motor vehicle dealers and real estate developers emerge as top money laundering risk
Jamaica’s real estate developers and motor vehicle dealers have emerged as top money laundering risks, according to the Third National Risk Assessment (NRA) published by the Bank of Jamaica this month.
Digicel revenue dips to US$1.8 billion, but improvements result in rating upgrade
The revenue of Digicel Holdings slipped, but other metrics improved, contributing to a rating upgrade from Moody’s by one notch to B1 from B2. “The rating action incorporates Digicel’s ability to absorb external…
Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
The Federal Reserve has, for decades, moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it…
Blue Mahoe Capital Caribbean launches US$5-million crowdfunding push to build affordable homes in Jamaica
Blue Mahoe Capital Caribbean Inc, a Florida-based real estate developer, launched a crowdfunding campaign this month to raise US$5 million for affordable housing projects in Jamaica, marking a step in its bid to…
Kintyre enters EV market through share issuance, diluting existing shareholders
Kintyre Holdings (Ja) Ltd has acquired a majority stake in an electric vehicle (EV) dealership in a deal expected to reach $100 million, financed through the issuance of new shares, marking the company’s…
Digicel flags regulatory concerns over SpaceX’s global 5G cellular ambitions
Digicel Group has raised concerns about regulatory parity as SpaceX moves ahead with plans to deliver 5G connectivity directly to unmodified cell phones — a development that comes as Starlink’s satellite internet service…
Jamaica airport workers earn equal pay overall, but that figure masks gender imbalances underneath
Women and men, on average, earn equal pay at Jamaica’s two largest airports, but that overall equity conceals imbalances at the operational, management, and executive levels, according to the Sustainability Report 2025 released…
