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…
Category: Business & Economy
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…
Lee-Chin to meet with coffee bondholders
Investor Michael Lee-Chin plans to meet with bondholders over the delayed repayment of the Specialty Coffee Investment Limited bond. Lee-Chin, the principal owner of Specialty Coffee, said the meeting will provide updates and…
UN climate talks to focus on funding for poor nations
A complex international two-week-long game of climate change poker is convening. Curbing and coping with climate change’s worsening heat, floods, droughts and storms will cost trillions of dollars and poor nations just don’t…
Infrastructure, land use seen as hurdles to Jamaica becoming a logistics hub
High shipping costs, outdated infrastructure and the proper use of the land around the Port of Kingston have been identified as some of the hurdles that need to be overcome if Jamaica is…