Business

Updated 14 hours ago

Mayberry CEO: Scotiabank Buyout Will Inject C$500m Into Market, But at a Cost

The buyout of Scotia Group Jamaica Limited's (SGJ) minority shareholders will pump roughly C$500 million into the local market in the short term, but will permanently shut out local investors from one of Jamaica's most profitable companies, according to Mayberry Group CEO Gary Peart.

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Updated 13 hours ago by Neville Graham

Main Event losses mount
Main Event Entertainment Group's (MEEG) losses grew more than fourfold in the April second quarter to $45 million as the company cut costs to reflect the challenging events market.
Updated 11 hours ago

IFC finalises US$15-million investment in Caribbean debt fund targeting SME financing 
The private-sector financing arm of the World Bank, the International Finance Corporation (IFC) has confirmed plans to invest US$15 million in a regional fund arranged by Sygnus Capital. 
Updated 13 hours ago

SpaceX stock soars in debut and makes Elon Musk a trillionaire
Elon Musk became the world's first trillionaire after shares of his rocket company SpaceX soared in Wall Street's biggest initial public offering of stock. Shares in SpaceX jumped more than…
Business
Updated 13 hours ago

An underground detector in China unveils its first major findings about mysterious ghost particles 
A massive underground detector aimed at understanding the mysterious ghost particles in our universe released its first major results on Wednesday. The Jiangmen Underground Neutrino Observatory…
Business
Updated 13 hours ago

Wind industry sues US Pentagon over stalled projects putting US$47b at risk
Renewable energy groups are suing the US military because they say national security reviews for new wind farms on private land have been effectively frozen for months.  The groups say this logjam…
Business
Updated 13 hours ago

What Elon Musk's Trillion Means in Real Terms
Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world's first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before…
Updated 13 hours ago

Charlene Ashley | Shop foreign, think local: The uncomfortable economics of online shopping
We tell Jamaicans to support local businesses. Then we proudly post bargains we found online. The irony is hard to miss. We encourage entrepreneurship, yet increasingly buy directly from the very…
June 14, 2026 by Neville Graham

Jamaica can run totally on renewables, says Uruguay expert
Jamaica can run fully on renewable energy, according to the architect of Uruguay's landmark energy transition, who urged the island to move beyond incremental targets. "I will assure you…
June 12, 2026 by Carolyn Guniss

No bank failed on my watch, says outgoing BOJ Governor Byles
No commercial bank failed in Jamaica during his nearly seven years at the helm of the Bank of Jamaica (BOJ), outgoing Governor Richard Byles told Parliament's Standing Finance Committee on…