Consumers are bracing for a new round of price increases as three food manufacturing giants begin passing on the cost of the new sugar tax – with GraceKennedy the first to move, effective…
Category: Business & Economy
GraceKennedy announces price increases on non-alcoholic sweetened beverages
GraceKennedy Limited says it will increase its prices on non-alcoholic sweetened beverages by an average of nine per cent, effective Friday, May 1. In an April 24 notice to its Jamaican retail partners,…
Search for new BOJ governor begins
The search has started for a successor to Governor of the Bank of Jamaica (BOJ) Richard Byles whose appointment is set to end on August 18. In making the announcement in a media…
Expanded cement quota too small for Melissa rebuilding, warns Buying House
Buying House Company Limited says the Government’s decision to expand its cement import quota falls short of what will be needed to maintain stable supply through the second half of the year as…
Jamaica must build resilience, collaborate in climate-sensitive world – IMF managing director
Washington: The conversations at the IMF’s Spring Meetings 2026, from April 13 to 17, primarily focused on the ongoing Middle East conflict, its debilitating impact on global economies, and how the Fund can…
Revenue at Jamaica’s two major airports down by US$8m in March quarter
Revenue from Jamaica’s two major airports fell by US$8.1 million in the first quarter of 2026 as Hurricane Melissa continued to suppress hotel capacity and drain international passenger traffic, according to results released…
SVL expects to score profits from World Cup
Supreme Ventures Limited (SVL) expects World Cup football betting to drive quarterly profit this summer. The group expects its second and third quarters to benefit from the football windfall, having already recorded a…
EU close to approving release of US$106b loan to Ukraine
European Union (EU) envoys gathered on Wednesday, with most cautiously optimistic that a massive loan to help meet Ukraine’s military and financial needs for the next two years is close to being approved…
Cannabis industry on a $10b high despite Melissa
Jamaica’s legal cannabis industry was valued at US$63 million, or more than J$10 billion, in 2025, up nearly two-thirds higher year-on-year, according to the Cannabis Licensing Authority (CLA), which regulates the legal sector….
Jamaicans shift deposits to US dollars at accelerated pace in 2025
Jamaicans and local businesses moved the equivalent of J$95 billion into US dollar accounts at a pace six times faster in 2025 than the year before, amid Hurricane Melissa uncertainty, according to the…