Verisk Analytics, a global data analytics firm, estimates that insured property losses from Hurricane Melissa in Jamaica could range between US$2.2 billion and US$4.2 billion, but these figures await corroboration from local insurance…
Category: Business & Economy
SBAJ wants help from both government and big business post-Melissa
In the wake of Hurricane Melissa, the Small Business Association of Jamaica, SBAJ, is urging the Jamaican government and big businesses to review policies to help micro, small and medium-sized enterprises get back…
Big consumer brands deal to put Tylenol, Kleenex, Band-Aid under one roof
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about US$48.7 billion, creating a massive consumer health goods company. Shareholders of Kimberly-Clark will own about 54 per cent of…
Air fares spike due to Hurricane Melissa
Airfare from Jamaica to some top destinations in the United States has spiked temporarily, as travellers scramble to rebook cancelled trips in the aftermath of Hurricane Melissa, according to data from flight aggregators…
Widespread devastation for agri-sector
Egg farmers may have sustained greater losses during Hurricane Melissa than during Hurricane Beryl in July last year, according to anecdotal reports reaching the Financial Gleaner. However, the status of the wider poultry…
Melissa cuts path of destruction but big business still standing
Businesses and financial markets were slowly ramping up operations on Thursday even as damage assessments continued in the wake of Hurricane Melissa, which hit Jamaica with Category 5 strength, leaving lives upended and…
CEAC to triple its burn capacity for industrial waste
CEAC Outsourcing Company Limited plans more than triple the capacity of its waste-burning furnace in St Catherine to meet rising demand for medical and industrial waste disposal. The company is in the process…
Save your receipts, CAC urges consumers
Unearthing cases of price gouging depends on alert consumers who make complaints to the Consumer Affairs Commission, CAC, the government watchdog. Amid the approach of Hurricane Melissa, which resulted in an influx of…
Big storms deepen poverty, food insecurity for Jamaicans, says World Bank
Poverty and inequality fell in Jamaica, but weather events – particularly hurricanes – are driving cycles of food insecurity and economic hardship, according to the World Bank’s Poverty and Equity Brief released in…
Stock market closed for second day due to Melissa
The stock market remains closed for a second day as the effects of Hurricane Melissa continue to be felt across Jamaica. The Jamaica Stock Exchange said in an advisory that no trading would…