A rise in oil prices on Thursday is sending worries about inflation and yields in the bond market higher, erasing some of the relief the United States Treasury Department created the day before….
Category: Business & Economy
PROVEN returns to profitability on US$9.4-million gain from Roberts Manufacturing partial sale
PROVEN Group Ltd swung to a net profit of US$8.2 million for the first quarter of fiscal year 2027, reversing a loss of US$2.6 million in the corresponding period a year earlier. The…
Pan Jamaica Group acquires Discount Pharmacy property, charts Manor Park redevelopment
Pan Jamaica Group Limited (PJG) has acquired the property housing Discount Pharmacy on the corner of Constant Spring and Olivier roads in upper St Andrew, giving the conglomerate ownership of three contiguous properties…
Seprod profit rises 16%, group trims debt
Seprod Limited reported net profit of $688 million for the second quarter ended June 30, 2026, a 16 per cent increase over the year-earlier levels, as disciplined expense management compensated for a three…
Hotel Four Seasons relisted at US$13.5m
Hotel Four Seasons, the 114-room hospitality property on Ruthven Road in New Kingston, has returned to the market at US$13.5 million, reflecting a discount from its listing five years earlier. The property is…
Alibaba quarterly profit drops 75% as AI investment spending grows
China’s technology giant Alibaba on Thursday reported a 75 per cent drop in profit for the latest quarter as it invested big in artificial intelligence (AI) infrastructure, even as revenue coming from its…
Guardian approaches 80% settlement rate on Melissa claims
Regional insurance provider Guardian Holdings Ltd has settled more than 70 per cent of insurance claims arising from Hurricane Melissa, Group CEO Ian Chinapoo said last Friday. “So, as of June, we were…
Google unveils latest Pixel phones with slimmer cameras and more AI features
Google on Wednesday unveiled its latest line-up of Pixel phones, with slimmer cameras that include more a powerful zoom and artificial intelligence features designed to help users accomplish things with fewer taps and…
JMMB’s Sagicor stake earns more than its own business – and worth more than the entire company
JMMB Group Limited’s investment in Sagicor Financial Company (SFC) earned the group more money in the June first quarter than its own banking and securities operations, even though earnings fluctuate over the years….
Kingston air traffic grows while Montego Bay passenger volumes and Falmouth cruise arrivals lag
Airport and cruise arrivals to the island point to an uneven summer recovery. The Norman Manley International Airport (NMIA) in Kingston posted passenger growth in July, bucking a broader pattern of softness across…