JN Bank Managing Director Leesa Kow will demit office effective March 31. Keith Levy, who has served as a director of JN Financial Group Limited since 2022 and as chairman of JN Bank…
Category: Business & Economy
General Accident posts record profit even as Hurricane Melissa drives rare quarterly underwriting loss
General Accident Insurance Company Jamaica Ltd (GenAc) closed 2025 with its strongest annual profit on record, even as Hurricane Melissa pushed the December quarter into an underwriting loss. It was also the first…
Soapberry US$100m upgrade to double capacity, unlock real estate growth
The Government expects to divest the Soapberry Wastewater Treatment Plant this year as part of plans to double its capacity to meet infrastructure needs for increased housing developments. “We will go to market…
Battery plant set for St Catherine at US$30m
A British-Jamaican green energy consortium plans to set up a high-voltage battery manufacturing facility in St. Catherine, in what would be the first plant of its kind in the island. Aqvastor Technologies Limited,…
Regulator orders drug divestment for $30-billion-plus insulin market
Acado Limited, a Caribbean joint venture, must sell the local distribution rights to one of its insulin brands by September 2026 — or lose the right to complete a landmark acquisition, according to…
Mercedes‑Benz dealership denying aftersales service for grey market vehicles
Silver Star Motors, the authorised distributor for Mercedes-Benz in Jamaica, will no longer provide aftersales service support for vehicles imported outside of the manufacturer’s authorised distribution network. It follows what the dealership called…
Century pumps US$34m into Jamalco
Century Aluminium pumped US$34 million (about J$5.3 billion) into capital upgrades at its majority-owned Jamalco alumina refinery, racing to sever the operation’s dependence on the island’s power grid after Hurricane Melissa exposed the…
Advertorial | How to make smarter investments
The following content is created and paid for by Coerator Investment For many of us, financial planning and investing in securities can be a bit overwhelming. Here are 7 tips to assist you…
Barita profit dips 62% in Melissa quarter
Barita Profit Falls 62 per cent as Hurricane Melissa Chills Jamaica’s Capital Markets Barita Investments Limited posted a 62 per cent drop in quarterly net profit after tax as Hurricane Melissa hammered investor…
Airports Authority to spend $9.5 billion upgrading airports as Hurricane Melissa fallout lingers
The Airports Authority of Jamaica (AAJ) plans to spend more on capital projects in the fiscal year ending 2027 than at any point since the pandemic as it works to modernise the country’s…