Jamaica business update highlights SBAJ conference, reserves growth and export pressures

Jamaica’s business community is tracking several developments this week, including the Small Business Association of Jamaica’s Growth and Resilience Conference, stronger foreign reserves, exporter concerns and active trading across equities and currencies.

Garnet Reed, president of the Small Business Association of Jamaica, is scheduled to lead the launch of the SBAJ Growth and Resilience Conference today at the Jamaica Pegasus Hotel. The event’s attendance list points to support for the association’s work in advancing the small business sector. Mrs. Sansia Templar, permanent secretary in the Ministry of Industry, Investment and Commerce, is expected to attend on behalf of Senator the Hon. Minister Orin Hill.

Jamaica’s net international reserves improved at the close of May, according to figures from the Bank of Jamaica. The reserves rose by roughly 0.5 per cent to about US$6.48 billion, lifting import cover to 40 weeks, an increase of about 0.33 per cent. The main driver was growth in currency and deposits, which moved up 0.9 per cent to US$3.32 billion.

Kamisha Turner Blake, executive director of the Jamaica Manufacturers and Exporters Association, said stronger macroeconomic policy support is needed as exporters and the wider economy face tougher conditions. Responding to a recent fall in merchandise exports, she told RJR News that manufacturers need more warehousing and logistics space, relief from port and customs bottlenecks, and wider access to affordable financing to rebuild and expand. She also said new taxes and national budget measures are putting further strain on the sector.

On the stock market for June 9, 2026, the most active securities were Kentire Holdings Jamaica Limited, with 16,295,88 units or 38.28 per cent of market sales activity; Trans Jamaica Highway Limited, with 7,220,897 units or 16.96 per cent; and Dollar Financial Services Limited, with 3,480,079 units or 8.17 per cent. Activity remained focused on transportation, distribution and finance stocks, showing continued investor interest in strategic and dividend-producing assets.

In foreign exchange trading on June 9, Bank of Jamaica data showed the US dollar selling at J$157.31 and buying at J$158.93. The Canadian dollar sold at J$114.15 and was bought at J$112.99, while the British pound sold at J$213.30 and was bought at J$29.50. The report said currency timing remains important for businesses managing import costs, debt payments and overseas exposure.

The report also noted that a strong credit profile can support access to financial products, including rewards credit cards with benefits such as airline miles, hotel rewards, lounge access, travel insurance and sign-up bonuses.