Business

Business
02 Jun, 2026 0

First Rock plans APO to fund property acquisitions 
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…
Business
02 Jun, 2026 0

Red Stripe names first female managing director as Heineken rotates top brass
Red Stripe has appointed Holly Bostock as managing director, effective July 1, replacing Daaf van Tilburg, who moves to a regional role in Heineken's Asia Pacific division — the latest in a…
Business
02 Jun, 2026 0

$192M insurance payout narrows Palace Amusement losses
Palace Amusement Company Ltd swung to a quarterly profit after receiving a $192-million insurance payout tied to hurricane damage at its Montego Bay cinema, though revenue fell sharply as the chain…
Business
02 Jun, 2026 0

Kremi raises prices 5% as costs drive $96m loss
Caribbean Cream Limited, the ice cream maker that trades as Kremi, said it raised product prices by an average of 5.0 per cent this month due to rising costs. "There are question marks about…
Business
02 Jun, 2026 0

Jamaica's remittance inflows rose 5.2 per cent in March
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…
Business
02 Jun, 2026 0

Florida sues OpenAI and CEO Sam Altman, claiming company concealed serious risks of ChatGPT
The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious…
Business
02 Jun, 2026 0

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools 
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award on Sunday honouring his…
Business
02 Jun, 2026 0

Chinese online retailer Temu hit with US$232-million fine over claims of unsafe toys and electronics 
Temu was hit with a 200-million euro (US$232-million) fine after a European Union (EU) investigation found the Chinese online retailer failed to protect consumers from illegal products, like toxic or…
Business
31 May, 2026 0

MoneyMasters breaks ground on US$25m 10-storey commercial project near Half-Way Tree 
When Claudette Crooks set out in 2022 to build a commercial project in Kingston, she had a pointed challenge for Jamaica’s pension fund managers: Instead of investing incremental amounts in New York…