Clarendon Alumina Partners (CAP), which holds a stake in Jamalco alumina refinery, expects to bleed losses totalling US$46 million (J$7.6 billion) for fiscal year ending 2027, according to government public bodies documents. “CAP’s…
Category: Business & Economy
Kintyre snaps up OOH Media outdoor advertiser
Kintyre Holdings (JA) Limited announced that it signed a binding agreement to acquire 100 per cent of OOH Media Services Limited, an outdoor advertising and branding business operating in Jamaica, while separately announcing…
US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during war
UNITED STATES companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for…
Jamaica’s fuel stocks surge amid oil war
Shares of Jamaican fuel distribution companies have outpaced the broader market since January, while renewable stocks remain flat amid United States military action in Venezuela and Iran, which sent crude oil prices to…
Yam exports set to dip below US$40m for second year
Jamaican yam exporters expect some recovery in August after production fell by two-thirds at some farms in the wake of Hurricane Melissa. The crop, which in a good year earns about $6.5 billion…
Falling oil prices send Wall Street toward best day since US-Israel war on Iran
Oil prices are down, and stocks are up Monday, though such moves have been quick to reverse since the war in Iran began. The S&P 500 jumped 1.0 per cent and was on…
Staple dose of activism at AGMs gone
Minority investor Orrette Staple would start the same way at annual general meetings: “Mr Chair, with your permission, I would like to ask questions, but before I do I also have some observations.”…
Pension reform creates more room to grow client returns, says Sagicor
Jamaicans saving for retirement stand to benefit from increased diversification and possible higher returns over the long term following the government-announced plans to loosen the investment limits governing private pension funds. “[It] creates…
Kintyre doubles profit, majority shareholders plan US holding company
Kintyre Holdings Jamaica Limited more than doubled its net profit in 2025 while a group of its shareholders, led by Tyrone Wilson, separately disclosed plans to restructure their holdings into a United States-based…
Jamaica plans region’s largest renewable energy tender
Jamaica plans to launch the largest renewable energy and battery storage tender ever as it seeks 220 megawatts of new clean power paired with 110 megawatts of battery storage. It will glide the…
