Properties listed for short-term rental in St Ann are generating the highest average revenue in Jamaica at around $5 million a year, with Kingston hosting the most active listings on the market, data…
Category: Business & Economy
Tankweld secures further court win as FTC report set aside
Tank-Weld Metals Limited has secured another legal victory against the Fair Trading Commission (FTC), with the Supreme Court agreeing to hear the company’s challenge to a disputed report while barring the regulator from…
Oil found in seabed samples off Jamaica’s southern coast, survey shows
United Oil & Gas Plc has confirmed the presence of oil indicators on the seabed floor offshore Jamaica following a recent survey.
Melissa-related disruptions cut Montego Bay arrivals; Kingston posts modest gain
Passenger arrivals at Jamaica’s two international airports declined in March, reflecting shocks from Hurricane Melissa at Sangster International Airport in Montego Bay, according to new disclosures by airport operator Pacific Airport Group (GAP).
US filings for jobless aid jump to 219,00 last week but remain within stable range of past few years
US applications for unemployment benefits rose last week before Iran, Israel and the US announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture. The number…
Lee-Chin wins US court confirmation of DR arbitration award
A US federal court has confirmed a US$43.7-million arbitration award in favour of Jamaican-Canadian investor Michael Lee-Chin, rejecting the Dominican Republic’s bid to overturn the ruling. US District Judge Colleen Kollar-Kotelly of the…
Seeing Jamaica’s centenary in 2062 – Part II
Two reports about recent speeches in this newspaper were the stimuli. The first was made by Montego Bay Chamber of Commerce and Industry President and entrepreneur, Jason Russell. State Minister in the Ministry…
The playbook for Jamaica’s next outsourcing chapter
When it comes to outsourcing, US clients are no longer looking simply for headcount. They are looking for delivery ecosystems that support analytics, automation, and AI-enabled service performance. That shift is already redefining…
Iran’s proposal to collect tolls in the Strait of Hormuz violates trade norms
To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world…
Kaya posts J$550m sales from ganja, mushrooms and pizza in 2025
Ganja company NUGL, which trades as Kaya, reported higher revenues and also narrowed its losses for its financial year despite disruptions from Hurricane Melissa.