West Indies Petroleum Terminals (WIPT), a storage facility operator that listed on the Jamaica Stock Exchange (JSE) just three weeks ago, has surged to a market capitalisation that now exceeds NCB Financial Group’s,…
Category: Business & Economy
Jamaica’s problem loans surge 50% in October
Borrowers are falling behind in their loan payments, with past-due loans in October 2025 surging over 50 per cent month-on-month, reflecting the onset of the economic fallout from Hurricane Melissa. The delinquencies, captured…
Half a million fewer passengers in 2025
Jamaica ended 2025 with 524,000 fewer passengers, marking the largest annual decline since the pandemic, as Hurricane Melissa battered the island’s tourism sector. “Montego Bay and Kingston recorded decreases … as a result…
WIPT stock climbs 11-fold in two weeks
West Indies Petroleum Terminal Ltd. (WIPT) stock climbed above $5.60 in Thursday trading, or 11 times its listing price some two weeks earlier, reflecting a rally driven more by scarcity than fundamentals. Since…
CES Day 2 reveals more gadgets and stars
Crowds flooded the freshly opened showroom floors on Day 2 of CES, which originally stood for the Consumer Electronic Show, and were met by thousands of robots, AI companions, assistants, health longevity technology,…
Jamaica Stock Exchange dips below $2 trillion with 5.0% slide in 2025
The value of all shares on the Jamaica Stock Exchange (JSE) closed 2025 at US$1.98 trillion in market capitalisation, some 5.0 per cent lower than the previous year, as all three major indices…
Barita acquisition of JN Fund Managers pushes client funds over $500 billion
Barita Investments Limited can proceed in fully acquiring JN Fund Managers Limited (JNFM), a wholly owned subsidiary of Jamaica National Group, according to a release on the matter. “The transaction is expected to…
Trump’s plan to renationalise oil faces hurdles in Venezuela
President Donald Trump’s plan to take control of Venezuela’s oil industry and ask American companies to revitalise it after capturing President Nicolás Maduro in a raid isn’t likely to have a significant immediate…
Jamaica’s hurricane rebound officially faster than estimates in September quarter
The economy officially grew faster than initial estimates in the September quarter of 2025, before the onset of Hurricane Melissa. It expanded by 5.1 per cent, according to data from the Statistical Institute…
Verandas to vertical towers: Devon House era home to become commercial
A 19th-century Georgian style property with ties to the Devon House estate has entered the market, with sellers asking US$3.4 million or J$550 million for just over half an acre. The price, among…