Sygnus Credit Investments (SCI) is strengthening its push into Puerto Rico. At Wednesday’s annual general meeting, Chief Investment Officer Jason Morris called the US territory the company’s main growth engine, noting two years…
Category: Business & Economy
West Indies Petroleum Terminal posts turnaround and doubles annual profit
West Indies Petroleum Terminal Ltd (WIPT) which operates a petroleum storage terminal, doubled annual profit and swung its fourth quarter to a profit, driven by rising third-party storage revenue and higher throughput volumes…
Tank-Weld enters solar distribution market
Tank-Weld Group, the local construction supplier, has launched a solar division to supply panels, inverters and batteries across the Caribbean as demand surges following Hurricane Melissa’s destruction of grid infrastructure in western Jamaica….
Jamaica positioned to benefit from US trade realignment, Wall Street strategist says
Jamaica can capture investment flows from the US as companies restructure their network of suppliers in response to geopolitical tensions, a Wall Street strategist said. John Stoltzfus, chief investment strategist at Oppenheimer Asset…
Vessel offshore Jamaica to test billion-barrel oil prospect this week
A research vessel departed Trinidad last weekend bound for Jamaica to conduct seabed surveys, starting this week, aimed at confirming whether oil-like substances detected beneath the island’s waters are commercially viable crude. “This…
Micro Market by June as finance minister touts ways to raise capital
Jamaica plans to launch its long-anticipated micro-stock exchange by July 2026, marking the latest effort to deepen access to capital markets. A multi-stakeholder steering committee is “now at an advanced stage” of finalising…
Energy security eclipsing climate as region’s big concern – NCB Capital
The growth of artificial intelligence (AI) and cryptocurrency mining has led the United States to increase its hunger for energy worldwide — a shift that creates opportunities for the region, reasoned Angus Young,…
Portland JSX posts losses, Merqueo closes operations
Portland JSX Limited reported losses for its third quarter ended November 2025, as declines in the value of its investment portfolio weighed on results. The portfolio now stands at roughly half its value…
Hurricane Melissa brakes profit trend at Knutsford Express
Knutsford Express Services posted a quarterly loss after Hurricane Melissa forced the Jamaican transport company to shut routes for up to “two weeks”, cutting revenue and erasing profits from a year earlier. The…
Davos event opens with pro-Trump magnates to attend
Corporate chiefs and government leaders including US President Donald Trump swarm into Davos, Switzerland this week, joining an elite annual meeting that promotes dialogue and economic progress — even as a domineering tone…