The Bank of Jamaica (BOJ) expects borrowers to fall behind on loan payments in the wake of Hurricane Melissa, with non-performing loans (NPLs) projected to double. The central bank said the fallout from…
Category: Business & Economy
Rum industry takes a shot
The Jamaican rum industry projects a double-digit decline in output for the 2025-2026 season, a blow reverberating across the sugar and spirits sectors due to the impact of Hurricane Melissa. Christopher Gentles, general…
These are the key AI players on the cover of Time’s ‘Architects of AI’ magazine
Accompanying Time’s annual Person of the Year selection Thursday is a magazine cover that resembles the “Lunch Atop a Skyscraper” photograph from the 1930s, showing eight of the “Architects of AI” sitting on…
Local publisher partners with top US university in book deal
Kingston-based Ian Randle Publishers (IRP) has entered into a partnership agreement with the renowned Johns Hopkins University in the United States that will see the publication of two new books each year on…
Sorrel stockpiling aids Trade Winds during Xmas
Hurricane Melissa might have wiped out more than 90 per cent of Jamaica’s sorrel crop, but at least one local company had the foresight to stockpile the product in anticipation of increased demand…
Jamaica Broilers returns to positive capital position
Poultry producer Jamaica Broilers Group (JBG) has returned to a positive capital position following an upswing in its assets, according to its latest second quarter financials. “The group completed the revaluation of its…
MFS Capital sheds Bar Central and Muse 360
Private equity firm MFS Capital Partners Limited has completed a strategic portfolio clean-up, disposing of two dormant subsidiaries — Muse 360 Integrated Limited and Bar Central Limited — as part of its renewed…
Trump’s son-in-law pulls out of Paramount’s hostile bid for Warner Bros Discovery
A private equity firm owned by President Donald Trump’s son in law, Jared Kushner, is no longer backing Paramount’s hostile acquisition bid for Warner Bros. Discovery, the firm confirmed on Tuesday. Days after…
Salada invests in sorrel and X-ray safety
Salada Foods Jamaica Limited will close out 2025 with record revenues, a new sorrel-flavoured drink, and a US$302,000 (J$50-million) investment in an X-ray machine to improve the quality of its core coffee products….
Large travel group sees Jamaica setback but bets on AI
TUI Group, one of the world’s largest tour operators, has reported slower-than-usual winter bookings following Hurricane Melissa’s impact in Jamaica, but maintains a positive outlook. The Germany-based company will also pivot towards capturing…