The Planning Institute of Jamaica, PIOJ, expects the economy to grow in the March quarter but contract overall for the fiscal year. It comes as the planning agency reported a second consecutive quarter…
Category: Business & Economy
Highway commuters pay record $13b in tolls to TransJamaican
Toll road operator TransJamaican Highway Limited racked up revenue of US$82.8 million ($13 billion) from Jamaican commuters traversing the Portmore-May Pen segments of Highway 2000 last year. The collections were up 10 per…
Troubled EV maker Nikola files for bankruptcy protection
Electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early this year. Nikola was a hot start-up and rising star…
NCB Financial makes $5b profit
NCB Financial Group Limited reported a profit of $5.15 billion for the October-December 2024 quarter on the back of $35.2 billion in revenue compared to $31.3 billion a year earlier. The profit achieved…
Lee-Chin declares commitment to NCB ownership
Michael Lee-Chin remains in control of NCB Financial Group Limited, operator of Jamaica’s largest commercial bank, even as one of his companies sheds millions of shares and Cornerstone takes up a slot among…
Argentine lawyers accuse President Milei of fraud over cryptocurrency promotion
Lawyers in Argentina filed fraud complaints against President Javier Milei in criminal court on Sunday for promoting a cryptocurrency on his social media, one of the lawyers told The Associated Press. On Friday,…
JCAA to make flights safer
The Jamaica Civil Aviation Authority, JCAA, which regulates the country’s airways, plans to ease congestion in the skies by implementing new software and systems to assist air traffic controllers. The regulator intends to…
Oran Hall | Retirement without a formal pension
Jamaica has made much progress in developing formal pension arrangements for the many people who work and must one day retire, but there are serious questions about how people will survive considering how…
TotalEnergies restructuring to deepen Jamaican operations
TotalEnergies Jamaica and Lasco Financial Services Limited have entered into an agreement that will see taxi operators and budget-conscious motorists earning discounts on petrol purchases at one of Jamaica’s largest gas station chains….
West Indies Petroleum partners with new supplier Sunoco as it reorganises
West Indies Petroleum Limited, WIP, has struck a deal with American oil and gas company Sunoco to distribute marine fuel in the Caribbean, using Jamaica as a base. It comes amid a reorganisation…