The value of all shares on the Jamaica Stock Exchange (JSE) closed 2025 at US$1.98 trillion in market capitalisation, some 5.0 per cent lower than the previous year, as all three major indices…
Category: Business & Economy
Barita acquisition of JN Fund Managers pushes client funds over $500 billion
Barita Investments Limited can proceed in fully acquiring JN Fund Managers Limited (JNFM), a wholly owned subsidiary of Jamaica National Group, according to a release on the matter. “The transaction is expected to…
Trump’s plan to renationalise oil faces hurdles in Venezuela
President Donald Trump’s plan to take control of Venezuela’s oil industry and ask American companies to revitalise it after capturing President Nicolás Maduro in a raid isn’t likely to have a significant immediate…
Jamaica’s hurricane rebound officially faster than estimates in September quarter
The economy officially grew faster than initial estimates in the September quarter of 2025, before the onset of Hurricane Melissa. It expanded by 5.1 per cent, according to data from the Statistical Institute…
Verandas to vertical towers: Devon House era home to become commercial
A 19th-century Georgian style property with ties to the Devon House estate has entered the market, with sellers asking US$3.4 million or J$550 million for just over half an acre. The price, among…
Lee-Chin’s AIC to make payment this month
AIC (Barbados) Limited has formally confirmed its obligation to make principal and interest payments in January totalling US$94.09 million to bondholders, following weeks of tension and a public ultimatum issued by investors. “[We]…
Hyatt’s US$2-billion Playa sale leaves Jamaica resorts shuttered until late 2026
The Chicago-based Hyatt Hotels Corporation this week closed its US$2-billion sale of the Playa Hotels…
Warren Buffett maxims as he demits CEO post
The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha…
Business leaders expect higher costs but stable currency after Hurricane Melissa
Jamaican businesses raised their inflation expectations in November 2025, reflecting concerns about the economic fallout from Hurricane Melissa and signalling higher anticipated costs across key inputs. “The expected inflation 12 months ahead was…
West Indies Petroleum Energy fuels expansion plans with 11 temporary Thrifty Gas sites
West Indies Petroleum Energy (WIP Energy) will set up fuel station outlets along Jamaica’s north and south coasts under its Thrifty Gas brand. It received planning approvals for 11 sites granted by the…