Human-caused climate change made Atlantic hurricanes about 18 miles per hour (29 kilometres per hour) stronger in the last six years, a new scientific study found Wednesday. For most of the storms –…
Category: Business & Economy
JMMB Group, other fincos on watch for another rate cut
JMMB Group Limited expects further reduction in interest rates this week but remains concerned about the reduced spending in the economy. The Bank of Jamaica, BOJ, will decide on Thursday whether to hold…
Massy Gas Jamaica going after regional medical gas market share
In a first for Jamaica, 16 tonnes of liquid medical-grade oxygen have been exported to Caribbean neighbour The Bahamas. The shipment also represents Massy Gas’ first effort in a big export push. The…
Spirit Airlines files for bankruptcy
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and…
NCB Financial aiming for return to historic profit levels
NCB Financial Group Limited, operator of Jamaica’s largest bank, plans to improve profit while reducing debt going forward. “We are energised by the results we see, but we are not there yet,” said…
Sorrel supply moderate for Christmas, long-standing problem for manufacturers
There is a level of uncertainty about the supply of sorrel and other locally grown crops for the rest of the year, following the passage of Tropical Storm Rafael as well as weeks…
PBS book value slashed amid irregularities in Costa Rica
Productive Business Solutions Limited, PBS, a Xerox distributor and technology service provider, saw its capital being slashed by a quarter, following accounting irregularities at its Costa Rica subsidiary. It led to job losses…
Mailpac open to more acquisitions
With its revenue and profits up in 2024, so far, online shopping and logistics company Mailpac Group Limited says it is improving its customer service and sprucing up its locations while remaining open…
US prohibits airlines from flying to Haiti, UN suspends flights
The Federal Aviation Administration in the United States announced Tuesday that it was prohibiting US airlines from flying to Haiti for 30 days after gangs shot three planes and the United Nations temporarily…
New Fortress seeking partners to take on Jamaica, regional energy assets
New Fortress Energy, NFE, supplier of the gas that fuel’s most of Jamaica’s electricity generation, is seeking partners to take on its local and regional assets. The deal would see investors partnering to…