No commercial bank failed in Jamaica during his nearly seven years at the helm of the Bank of Jamaica (BOJ), outgoing Governor Richard Byles told Parliament’s Standing Finance Committee on Wednesday — a…
Category: Business & Economy
NCB lists $2 billion in repossessed properties amid post-Melissa loan stress
The nation’s largest commercial bank, National Commercial Bank Jamaica Ltd (NCB), has placed roughly three dozen repossessed properties on the market carrying a combined assessed value exceeding $2 billion, spanning 10 parishes. It…
SpaceX wants regular investors to help its stock launch. Here’s what to know before clicking ‘buy’
When SpaceX makes its debut on the US stock market, it wants smaller-pocketed, mom-and-pop investors to play a big role in what may be the biggest IPO ever. Elon Musk’s rocket company, formally…
Former T&T energy minister flags Jamaica’s power costs as ‘uncompetitive’ and among region’s highest
Jamaica’s power rates are among the region’s highest, but renewing the licence of Jamaica Public Service (JPS) alone will not likely lead to lower prices, according to a former Trinidad and Tobago energy…
CariCRIS Gives Investment-Grade Debut to JPS subsidiary, South Jamaica Power
South Jamaica Power Company Limited (SJPC), the operator of Jamaica’s a natural gas generating facility, has received its first credit rating from Caribbean rating agency CariCRIS, securing an investment-grade assessment that could broaden…
AS Bryden pays US$3.6m for two Barbados firms
The Seprod-owned A.S. Bryden & Sons Holdings Ltd spent a combined US$3.6 million acquiring two Barbados-based companies in 2025, adding a food service distributor and a diversified consumer goods group to its regional…
Apple expected to unveil new AI features at last developers conference with CEO Tim Cook
Apple is expected to unveil new artificial intelligence features at its annual developers conference, beginning Monday, which will be the last one featuring CEO Tim Cook before he turns his post over to…
Kingston Wharves looking to double business in two years
Kingston Wharves Limited (KWL) said it would invest US$20 million (J$3 billion) initially to double its capacity if it were to acquire lands that include the Tinson Pen Aerodrome. “We feel very well…
7-storey W18 development to rise on former Truck Stop site
Construction will begin next month on a seven-storey development on West Kings House Road in Kingston, on land previously associated with Truck Stop Grill & Bar. Known as W18, the mixed-use project earmarked…
US sanctions Iran’s largest digital asset exchange, Nobitex
As part of the Trump administration’s ongoing campaign to pressure Iran into a deal that would end an ongoing war with the US and Israel, the US placed sanctions on Iran’s largest digital…