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Jamaicans are being encouraged to play their part in promoting food safety ahead of World Food Safety Day, being observed on June 7 this year. Director of Policy Programme for Veterinary Public Health in the Ministry of Health and Wellness, Dr
The largest companies of the artificial intelligence era have spent years out of reach of ordinary investors. That is now changing quickly
Citigroup’s Head of Latin American Services, Steve Donovan You meet many bankers who seem to have the answers and predict trends. Many have an MBA from an ivy league university, worked a few years at a blue chip financial institution and get paid extremely well
File PHOTO: Keith Duncan, Group Chief Executive Officer, JMMB Group JMMB Group Limited (JMMBGL) has reported a net profit of J$1.87 billion for the financial year ended March 31, 2026, underpinned by strong growth across its core business lines, despite the impact of market volatility on associate contributions. The Group delivered robust underlying performance, with net operating revenue increasing by 15% to J$29.1 billion, up from J$25.2 billion in the prior year
Jamaica Producers Group Chairman, Charles Johnston Speaking at the company’s recently held annual general meeting, Jamaica Producers Group (JPG) Chairman Charles Johnston highlighted another year of strong financial performance and strategic progress, driven by the continued growth of Pan Jamaica Group Limited (PJG), in which JPG remains the single largest shareholder. For the year ended December 31, 2025, JPG reported consolidated net profit attributable to shareholders of J$2.3 billion, representing a 42 per cent increase over the J$1.6 billion recorded in 2024
Margaret Campbell, Chief Executive Officer of GraceKennedy Money Services GraceKennedy Currency Trading Services Limited, also known as FX Trader Cambio, is waiving wire transfer fees for Small and Medium Sized Enterprises (SMEs) and commercial customers throughout June, as part of its commitment to supporting Jamaican businesses amid ongoing global economic challenges. The limited-time offer, running from June 1 to June 30, 2026, applies to new and existing customers conducting wire transfers with a minimum value of US$10,000
Derrimon says technical issues in its accounting system delayed its 2025 audited results, prompting a JSE suspension. The company expects to publish the overdue accounts by June 30.
Kingston Wharves Limited (KWL) said it would invest US$20 million (J$3 billion) initially to double its capacity if it were to acquire lands that include the Tinson Pen Aerodrome."We feel very well poised to expand our automotive business … once we have the space, we can double our business in another two to three years," said Mark Williams, CEO of KWL, speaking in an interview with the Financial Gleaner.Williams said the company has already indicated to the Government its interest in acquiring roughly 50 acres of land at Tinson Pen, a move that would expand its available space and support growth in its auto trans-shipment business. Williams pointed to growing demand from shipping lines and the company's recent need to turn away vessels because of limited capacity.“We are in discussions with the Government and eagerly await its decision,” he added on Thursday.Williams said “the capital investment of US$20 million” would be deployed initially to prepare the land and infrastructure to international standards
Construction will begin next month on a seven-storey development on West Kings House Road in Kingston, on land previously associated with Truck Stop Grill & Bar.Known as W18, the mixed-use project earmarked for 18 West Kings House Road aims to deliver a blend of retail, office and lifestyle spaces.The project, being undertaken by Delorvan Limited, which owns the property, is scheduled for completion in December 2027."I have had a few meetings concerning the development; people are intrigued," said Rochelle Townsend, real estate adviser at Jamaica Sotheby's International Realty, which is marketing the development. "Companies looking to centralise their operations are particularly interested."She added that a few overseas investors were keen, but wanted properties already built "for immediate occupancy".The development features two levels of retail space at ground (DEL/ AT THE LOWER) level, designed to capture foot traffic, with commercial office floors above
Adrian Stokes, CEO of Quantas Management Durrant Pate/Contributor In an Our Today business news follow-up……..Consequent upon Quantas Advantage upsizing its Initial Public Offer (IPO) of shares, all investors will be getting their full subscription. The IPO was successfully closed on May 21, 2026 and was oversubscribed with the alternative investment company exercising the option to upsize the Invitation by an additional 46,769,991 shares, resulting in a total share subscription of 130,048,500 shares
Audit issues delaying finalization of 2025 financials; review underway Durrant Pate/Contributor Trading in the shares of junior market company, Derrimon Trading Limited (DTL) has been suspended by the Jamaica Stock Exchange (JSE) for delays in the submission of its 2025 Audited Financial Statements. The suspension is in keeping with the Junior Market Rule Appendix 2, Part 4 (2) (e) on Audited Annual Financial Statements
Cecil Foster, Founder and CEO of Fosrich Global partners now offering FosRich more favourable credit terms Durrant Pate/Contributor Lighting and energy company, FosRich is rolling out a 5-point turnaround plan, as the company saw its losses being racked up for the first quarter ended March 31, 2026. Net Loss closed on $178.8 million, representing a 170% increase from the $68.6 million in the prior period in 2025, resulting in loss per stock unit of $0.04 compared to $0.01 at March 2025
Last Thursday evening, thirteen women took their seats around the boardroom table at MDS for the latest installment of BossMom Boardroom Conversations, a growing leadership and business development series designed for women navigating the realities of entrepreneurship, leadership, parenting, and professional growth. The featured session, The Business of People, was led by Human Resource Professional Semone Williams, who guided attendees through a framework on leadership, self-awareness, people development, and organizational purpose
Cecil Thoms, Huawei, Director of Communications and Public Affairs Technology giant Huawei has promoted Cecil Thoms who served as Manger of Communications of its Jamaican operations to now Director of Communications and Public Affairs. Professional, affable and astute this move up after a year of joining the company speaks volumes about Thoms abilities and the strides he has made thus far
Adrian Stokes, CEO of Quantas Management Quantas Advantage Inc. has successfully closed its Initial Public Offering (IPO), which was oversubscribed and generated strong demand across institutional, high-net-worth, and retail investor segments
Tourism Minister Edmund Bartlett says the Tourism 3.0 plan is aimed at helping more Jamaicans earn from the sector through stronger local supply chains, community experiences and better infrastructure.
Caribbean Cream Limited says higher input, transport and shipping expenses forced a 5 per cent price increase from June 1. The Kremi maker reported a $96 million loss for its 2026 financial year.
The US has sanctioned Nobitex, Iran’s biggest digital asset exchange, as Washington expands economic pressure tied to the war involving Iran, the US and Israel.
Jamaica received US$298 million in net remittance inflows in March 2026, or 5.2 per cent higher over the same month a year earlier, as flows from the diaspora continued to underpin the island's recovery.“For the month of March 2026, remittance inflows remained strong across all major source corridors. Despite this broad-based growth, the USA continues to be the primary source market,” according to data published by the Bank of Jamaica (BOJ).Remittances Bulletin.Remittances, which are gifts sent by overseas residents to locals, are also up from January to March, to US$856 million, or 4.1 per cent higher than the same period in 2025
Palace Amusement posted a March-quarter profit after collecting insurance proceeds for hurricane damage at its former Montego Bay cinema, but sales weakened as the chain adjusted to operating with fewer theatres.
Red Stripe has named Holly Bostock as managing director from July 1, making her the first woman to lead the brewery as Daaf van Tilburg shifts to Heineken’s Asia Pacific business.
First Rock Real Estate Investments Ltd Group plans to raise funds through an additional public offering (APO) to acquire real estate and for working capital purposes, as the group pushes to grow recurring rental income."We're looking at debt financing, and we're also going to approach our shareholders at the company's AGM. With their vote, we'll be doing an APO," said Ryan Reid, executive chairman and co-founder of First Rock Group.Group capital remained largely stable compared to year-earlier levels, but its cash and cash equivalents fell to roughly US$597,000 from US$1.72 million at December 2025, as the group deployed capital towards development activities.An APO differs from an initial public offering in that it allows an already-listed company to issue new shares to the public after its market debut
Rani Badaloo, Executive Director, Spur Tree Spices Jamaica Limited Spur Tree Spices appoints new Executive Director The Board of Directors of Spur Tree Spices Jamaica has announced the promotion of Rani Badaloo to the directorship in the capacity of Executive Director. The appointment, which was approved by resolution of the Board at its May 14, 2026 meeting, is effective August 5, 2026
State Minister in the Ministry of Industry, Investment and Commerce, Delano Seiveright State Minister in the Ministry of Industry, Investment and Commerce, Delano Seiveright, has joined Mastercard in calling for greater adoption of digital payments among Jamaica’s micro, small and medium-sized enterprises (MSMEs), arguing that broader payment options can help businesses grow, reach more customers and strengthen long-term competitiveness. Speaking at the recent Mastercard Day Jamaica 2026 at the AC Marriott Hotel in Kingston, Seiveright said Jamaican businesses must increasingly position themselves to meet the changing expectations of consumers while taking advantage of emerging opportunities in the digital economy
Jamaican and US officials say the USS Nimitz's Kingston stop reflects deep bilateral ties, with the crew set to support community projects and maritime engagement during a five-day visit.
Jse: GENAC | General Insurance General Accident has just turned in the best year in its history, and it did so in the same twelve months that handed the company its worst catastrophe quarter on record. Both things are true, and holding them together is the only honest way to read this stock
Florida’s attorney general says OpenAI and CEO Sam Altman pushed ChatGPT to consumers while masking serious safety concerns, including alleged risks to children, minors’ data and Floridians’ wellbeing.
Masayoshi Son, Founder, Softbank Tech investment conglomerate SoftBank with a market valuation of US$306 billion is now Japan’s top company by market valuation, moving ahead of automaker Toyota. SoftBank shares are up more than 90 per cent this year as it pushes into AI investments
Lisa S. Howard, Associate Director, Sustainability, CIBC Caribbean presents on the topic “Environmental, Social and Governance (ESG) as an Operating System for Growth” at the Jamaica Manufacturers and Exporters Association (JMEA) Manufacture 360° Conference at the AC Hotel on May 20, 2026
Shareholders profit slightly down to US$522,316 in Q1 Durrant Pate/Contributor FirstRock Real Estate is going big on Costa Rica and Martinique, as the Real Estate Investment Trust (REIT) expands its regional footprint. The planned expansion is being executed through the acquisition of commercial income producing assets in the two named countries, which are set to commence in Q2 2026
