Hurricane Melissa tore through Jamaica in late October 2025, flattening homes and severing telephone lines. For Liberty Latin America, the Category 5 storm left a combined cost of US$76 million — US$56 million…
Category: Business & Economy
Stanley Motta faces vacant floors but profit triples on property gains
Stanley Motta Limited, the Kingston-based commercial landlord, said a prospective tenant that had signed a letter of intent declined to proceed, leaving three floors in its recently completed development unoccupied. Even so, the…
United Oil completes first phase of Jamaica seabed survey in bid to unlock billion-barrel prospects
United Oil & Gas PLC has completed the first stage of a surface geochemical exploration programme on its Walton-Morant licence offshore Jamaica, clearing a critical early hurdle in a three-phase effort to build…
TransJamaican Highway wants compensation from toll regulator
TransJamaican Highway Limited (TJH) wants compensation from the government after a 15 day toll suspension tied to Hurricane Melissa erased some US$3.5 million about J$550 million from fourth quarter revenue – even as…
NCB Financial’s asset tax burden erodes chairman’s debt payments
Michael Lee-Chin broke his silence on recent bond matters on Friday, telling NCB Financial Group shareholders that the asset tax has diverted US$100 million from his investment company that otherwise could have funded…
Hyatt cuts forecast by US$10 million as Jamaica resorts stay shut
Hyatt Hotels Corp lowered its 2026 earnings forecast by US$10 million following the extended closure of seven Jamaica all-inclusive resorts damaged by Hurricane Melissa. Executives, however, said the forced downtime would enable comprehensive…
Tropical Battery eyes $500m in renewable sales in medium term
Tropical Battery Company Limited expects sales from its merged TRE KAYA renewable division to reach about $500 million annually on the low end over the next two to three years, underscoring the unit’s…
Heineken breweries in Ja and Panama part of US$140 million in cost savings
Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, was among a slate of facilities worldwide being reshaped by its Dutch parent, Heineken NV, to cut costs through digitalisation. “We accelerated our…
Billions in damage spur calls for drainage overhaul in Montego Bay
Business leaders in Montego Bay are pressing the Government to commission a comprehensive study of the city’s rivers and drainage system after Hurricane Melissa left billions of dollars in damage last October. Countless…
Wisynco’s stake in Ringtail valued at $2.45 billion
Manufacturer and distributor Wisynco Group paid $2.45 billion for its 30 per cent stake in Ringtail Holdings, the parent company of spirits distributor Select Brands, its latest financials revealed. The transaction values Ringtail…