Main Event Entertainment Group’s (MEEG) losses grew more than fourfold in the April second quarter to $45 million as the company cut costs to reflect the challenging events market.
Category: Business & Economy
Mayberry CEO: Scotiabank Buyout Will Inject C$500m Into Market, But at a Cost
The buyout of Scotia Group Jamaica Limited’s (SGJ) minority shareholders will pump roughly C$500 million into the local market in the short term, but will permanently shut out local investors from one of…
Jamaica can run totally on renewables, says Uruguay expert
Jamaica can run fully on renewable energy, according to the architect of Uruguay’s landmark energy transition, who urged the island to move beyond incremental targets. “I will assure you that it will be…
No bank failed on my watch, says outgoing BOJ Governor Byles
No commercial bank failed in Jamaica during his nearly seven years at the helm of the Bank of Jamaica (BOJ), outgoing Governor Richard Byles told Parliament’s Standing Finance Committee on Wednesday — a…
NCB lists $2 billion in repossessed properties amid post-Melissa loan stress
The nation’s largest commercial bank, National Commercial Bank Jamaica Ltd (NCB), has placed roughly three dozen repossessed properties on the market carrying a combined assessed value exceeding $2 billion, spanning 10 parishes. It…
SpaceX wants regular investors to help its stock launch. Here’s what to know before clicking ‘buy’
When SpaceX makes its debut on the US stock market, it wants smaller-pocketed, mom-and-pop investors to play a big role in what may be the biggest IPO ever. Elon Musk’s rocket company, formally…
Former T&T energy minister flags Jamaica’s power costs as ‘uncompetitive’ and among region’s highest
Jamaica’s power rates are among the region’s highest, but renewing the licence of Jamaica Public Service (JPS) alone will not likely lead to lower prices, according to a former Trinidad and Tobago energy…
CariCRIS Gives Investment-Grade Debut to JPS subsidiary, South Jamaica Power
South Jamaica Power Company Limited (SJPC), the operator of Jamaica’s a natural gas generating facility, has received its first credit rating from Caribbean rating agency CariCRIS, securing an investment-grade assessment that could broaden…
AS Bryden pays US$3.6m for two Barbados firms
The Seprod-owned A.S. Bryden & Sons Holdings Ltd spent a combined US$3.6 million acquiring two Barbados-based companies in 2025, adding a food service distributor and a diversified consumer goods group to its regional…
Apple expected to unveil new AI features at last developers conference with CEO Tim Cook
Apple is expected to unveil new artificial intelligence features at its annual developers conference, beginning Monday, which will be the last one featuring CEO Tim Cook before he turns his post over to…