Jetcon Corporation is accelerating its push into Jamaica’s new-vehicle market, buoyed by a surge in earnings from its dealership operations and growing customer acceptance of Chinese automotive brands. The junior market company, which…
Category: Business & Economy
Sagicor profit falls 40 per cent in second quarter as Hurricane Melissa claims weigh on insurance book
Sagicor Group Jamaica Ltd reported net profit of $2.85 billion for the second quarter ended June 2026, down 40 per cent a year earlier, as Hurricane Melissa-related claims and the absence of one-off…
US inflation slows but prices remain elevated as Iran war and spending on AI push up prices
US inflation declined slightly last month as the cost of gas and groceries slipped, though prices are still rising more quickly than before the Iran war, posing challenges for the White House as…
Flow Jamaica revenue dips to US$101 million as hurricane recovery continues
Telecom provider Flow Jamaica generated US$101 million in revenue during the second quarter of 2026, down from US$104 million a year earlier, as the Liberty Latin America subsidiary continues to rebuild its network…
Trump media company announces a massive loss and new turnaround effort
The president’s media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. Trump Media…
US stocks slip below their records as oil prices rise 5%
The US stock market slipped below its all-time high while oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again. The…
Ocho Rios cinema picks up patrons after MoBay closure
Cove Entertainment, which operates a 120-seat theatre at the Island Village Shopping Centre in Ocho Rios, said its attendance has grown since Palace Amusement permanently closed its Montego Bay multiplex. “We have been…
Extraordinary wealth in a small economy – a confession
Every extraordinary fortune tells a story, especially in a small economy where wealth is easier to see than to understand. The question then is whether we have the collective courage to read it….
Jamalco unplugs from grid, power turbine set to save up to US$28m a year
Century Aluminum Company brought a new power-generation turbine online at its Jamalco alumina refinery in Clarendon at the beginning of August, enabling the plant to generate all its own electricity, independent of the…
Women run the workforce, while men lead at the board level, VM Group data shows
Women account for nearly three-quarters of the workforce at VM Group – among the island’s oldest financial entities – but that ratio flips at the board level, according to the company’s 2025 annual…