The listed entity, Kingston Properties Limited (KPREIT), has completed the acquisition of its third property in the United Kingdom for an undisclosed sum. The acquisition adds to its growing portfolio of international assets….
Category: Business & Economy
Baked-in costs at Honey Bun’s new facility burns cash
Honey Bun Ltd closed its September 2025 year with higher sales but a markedly thinner bottom line, as the commissioning of its new Angels, St Catherine bakery drew heavily on cash, borrowings, and…
Models shine but revenues ebb at Pulse
Pulse Investments Limited has reported a decline in revenue for the quarter ended September 2025, despite its models getting placements in high-profile events. It underscores challenges for the lifestyle and entertainment group. Unaudited…
BOJ expects problem loans to double from the $42.9-billion pre-Hurricane Melissa levels
The Bank of Jamaica (BOJ) expects borrowers to fall behind on loan payments in the wake of Hurricane Melissa, with non-performing loans (NPLs) projected to double. The central bank said the fallout from…
Rum industry takes a shot
The Jamaican rum industry projects a double-digit decline in output for the 2025-2026 season, a blow reverberating across the sugar and spirits sectors due to the impact of Hurricane Melissa. Christopher Gentles, general…
These are the key AI players on the cover of Time’s ‘Architects of AI’ magazine
Accompanying Time’s annual Person of the Year selection Thursday is a magazine cover that resembles the “Lunch Atop a Skyscraper” photograph from the 1930s, showing eight of the “Architects of AI” sitting on…
Local publisher partners with top US university in book deal
Kingston-based Ian Randle Publishers (IRP) has entered into a partnership agreement with the renowned Johns Hopkins University in the United States that will see the publication of two new books each year on…
Sorrel stockpiling aids Trade Winds during Xmas
Hurricane Melissa might have wiped out more than 90 per cent of Jamaica’s sorrel crop, but at least one local company had the foresight to stockpile the product in anticipation of increased demand…
Jamaica Broilers returns to positive capital position
Poultry producer Jamaica Broilers Group (JBG) has returned to a positive capital position following an upswing in its assets, according to its latest second quarter financials. “The group completed the revaluation of its…
MFS Capital sheds Bar Central and Muse 360
Private equity firm MFS Capital Partners Limited has completed a strategic portfolio clean-up, disposing of two dormant subsidiaries — Muse 360 Integrated Limited and Bar Central Limited — as part of its renewed…