AIC (Barbados) Limited has formally confirmed its obligation to make principal and interest payments in January totalling US$94.09 million to bondholders, following weeks of tension and a public ultimatum issued by investors. “[We]…
Category: Business & Economy
Hyatt’s US$2-billion Playa sale leaves Jamaica resorts shuttered until late 2026
The Chicago-based Hyatt Hotels Corporation this week closed its US$2-billion sale of the Playa Hotels…
Warren Buffett maxims as he demits CEO post
The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha…
Business leaders expect higher costs but stable currency after Hurricane Melissa
Jamaican businesses raised their inflation expectations in November 2025, reflecting concerns about the economic fallout from Hurricane Melissa and signalling higher anticipated costs across key inputs. “The expected inflation 12 months ahead was…
West Indies Petroleum Energy fuels expansion plans with 11 temporary Thrifty Gas sites
West Indies Petroleum Energy (WIP Energy) will set up fuel station outlets along Jamaica’s north and south coasts under its Thrifty Gas brand. It received planning approvals for 11 sites granted by the…
Find inspiration for achieving your financial resolutions and money goals in 2026
The start of a new year usually brings new motivation to achieve goals like eating healthier or finally cleaning your basement. Many resolutions also focus on financial goals, such as paying off credit…
CIBC Jamaica profit plunges 88 per cent amid Hurricane
CIBC Caribbean Bank Jamaica Ltd made $45.9 million profit for its October 2025 year end or four-fifths less than a year earlier, as the bank grappled with the impact of Hurricane Melissa. It…
Kingston Properties expands UK footprint, buys Dartford property
The listed entity, Kingston Properties Limited (KPREIT), has completed the acquisition of its third property in the United Kingdom for an undisclosed sum. The acquisition adds to its growing portfolio of international assets….
Baked-in costs at Honey Bun’s new facility burns cash
Honey Bun Ltd closed its September 2025 year with higher sales but a markedly thinner bottom line, as the commissioning of its new Angels, St Catherine bakery drew heavily on cash, borrowings, and…
Models shine but revenues ebb at Pulse
Pulse Investments Limited has reported a decline in revenue for the quarter ended September 2025, despite its models getting placements in high-profile events. It underscores challenges for the lifestyle and entertainment group. Unaudited…