Minority investor Orrette Staple would start the same way at annual general meetings: “Mr Chair, with your permission, I would like to ask questions, but before I do I also have some observations.”…
Category: Business & Economy
Pension reform creates more room to grow client returns, says Sagicor
Jamaicans saving for retirement stand to benefit from increased diversification and possible higher returns over the long term following the government-announced plans to loosen the investment limits governing private pension funds. “[It] creates…
Kintyre doubles profit, majority shareholders plan US holding company
Kintyre Holdings Jamaica Limited more than doubled its net profit in 2025 while a group of its shareholders, led by Tyrone Wilson, separately disclosed plans to restructure their holdings into a United States-based…
Jamaica plans region’s largest renewable energy tender
Jamaica plans to launch the largest renewable energy and battery storage tender ever as it seeks 220 megawatts of new clean power paired with 110 megawatts of battery storage. It will glide the…
Music streaming creates fewer megastars, more working artistes
The Jamaica Music Society (JAMMS) says Jamaica’s music economy is producing more working artistes but fewer breakout stars, as streaming reshapes earnings and expectations. General Manager Evon Mullings told the Island Music Conference…
Hurricane Melissa led to $3.5 billion in lost sales for Campari, the owner of Wray & Nephew, Appleton rum brands
Hurricane Melissa cost Campari, the Italian spirits company, €21 million (J$3.5 billion) as the local operation, J.Wray & Nephew Ltd, suffered from a reduction in alcohol consumption, masking what would otherwise have been…
Seprod sells Butterkist biscuit maker IBL
Seprod Limited has sold International Biscuits Limited (IBL), the maker of Butterkist and Snackables, in a move CEO Richard Pandohie described as a deliberate step to simplify the group’s footprint, reduce channel conflict,…
Seprod sells Butterkist biscuit maker IBC
Seprod Limited has sold International Biscuits Limited (IBL), the maker of Butterkist and Snackables, in a move CEO Richard Pandohie described as a deliberate step to simplify the group’s footprint, reduce channel conflict,…
Caribbean Cement posts flat profit on record revenue
Cement Company Limited (CCC) made $5.9-billion profit for the year ended December 2025, or flat compared to year-earlier levels, despite the passage of Hurricane Melissa. Also, the island’s sole cement maker posted record…
Regency Petroleum buys Yaadman LPG business, doubling market share
Petroleum company Regency Petroleum has agreed to acquire the liquefied petroleum gas (LPG) operations of Yaadman Petroleum, a deal that will double Regency’s presence in Jamaica’s cooking gas market. The acquisition will “no…