Business

August 5, 2026

Caribbean remittance growth cools as uncertainty rises and pandemic momentum fades

Remittance inflows across the Caribbean grew 5.9 per cent in the first quarter of 2026, compared with the year-earlier period, but the pace of growth has decelerated, according to a recent report from…
August 5, 2026 by Carolyn Guniss

VM Group $3b in moratorium affect profit

VM Group placed $3 billion in loans under moratorium following Hurricane Melissa, absorbing a short-term hit to fee income, as it balanced member relief over near-term profit Group Chief Financial…
Hugh Graham.
August 5, 2026 by Neville Graham

Paramount nearly quadruples profit despite Melissa

Paramount Trading Jamaica Ltd nearly quadrupled its net profit for the financial year ended May 2026, powered by cost discipline and one-off gains that offset a revenue dip linked to the impact of…
Rez Burchernson, CEO of VM Investments Ltd.
August 5, 2026

VM Investments upsizes bond offer to $4.8b

VM Investments Ltd (VMIL) has increased the size of its public bond offer to $4.8 billion after increased investor demand, the company disclosed on Sunday. “Successful applicants will receive…
Updated 3 hours ago by Neville Graham

Regency Petroleum to build $300m gas station near Kingston’s airport

Regency Petroleum will invest $300 million to build a service station beside the Norman Manley International Airport in Kingston, with a strategy that extends well beyond fuel sales. CEO Andrew…
A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)
August 4, 2026

US stocks rally near record as falling oil prices ease Wall Street’s worries about inflation

US stocks are rallying to the edge of their all-time high on Monday after easing oil prices helped calm Wall Street’s worries that inflation could get even worse. The S&P 500 jumped 1.5 per cent…
A plane lands at Ronald Reagan Washington National Airport in Arlington, Virginia.
August 2, 2026

Caribbean air travel capacity shrinking, only behind Middle East

The Caribbean recorded the second-largest decline in airline seat capacity in the world after the Middle East in July when compared with year-earlier levels, according to the OAG, a UK-based travel…
August 2, 2026

Grace turns the corner on Melissa

GraceKennedy’s recovery from the disruption caused by Hurricane Melissa gathered momentum in the second quarter, helping to lift profits as its food operations rebounded and its financial services…
Ricardo Hutchinson, director of Portland JSX Ltd
August 2, 2026 by Carolyn Guniss

JSE suspends Portland JSX shares as audited accounts become 91 days overdue

The Jamaica Stock Exchange (JSE) has suspended trading in the shares of investment company Portland JSX Ltd (PJX) after it failed to submit its audited financial statements for the year ended February…