Business

August 12, 2026

Knutsford Express bets on Mandeville and St Thomas for growth

Knutsford Express Services Limited is pushing ahead with the expansion into St Thomas and a commercial development in Mandeville, even as the luxury coach operator recovers from a 46.7 per cent drop…
Economist Dr Damien King.
August 12, 2026 by Luke Douglas

NLA to revalue some 900,000 land parcels; property taxes expected to rise

The National Land Agency (NLA) plans to revalue roughly 900,000 land parcels islandwide, an exercise that will update government records to reflect the current economic value of property across…
Royalton Resorts.
August 12, 2026

Royalton reopens Jamaica resorts after post-hurricane refresh, launches US$30,000 family package

Royalton Hotels & Resorts has reopened all five of its Jamaica properties following a post-Hurricane Melissa renovation, while also launching a US$30,000 VIP family vacation package that targets…
Cemex workers.
August 12, 2026

Jamaica leads Cemex’s regional division amid divestments

Cement producer Cemex reported that its South, Central America and Caribbean division, which includes Jamaica, delivered US$66 million in operating EBITDA for the second quarter, 34 per cent higher…
Copa Airlines’ Panama hub.
August 12, 2026

Copa profits halve as fuel costs bite, but Panama hub deepens Jamaica-Latin America connectivity

Copa Holdings, the parent company of Copa Airlines, reported a halving of its profit in the second quarter of 2026, but the Panama-based carrier maintained its position as the primary airline link…
The download screen for the Truth Social app is displayed on a laptop in March 2024 in New York.
August 12, 2026

Trump media company announces a massive loss and new turnaround effort

The president’s media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. Trump Media &…
The SpaceX logo is displayed on a building in May 2020 at the Kennedy Space Center in Cape Canaveral, Florida.
August 12, 2026

Vietnam’s VinSpace signs deal with Elon Musk’s SpaceX to launch its first satellites in 2027

Vietnamese aerospace company VinSpace said on Tuesday it has signed a contract with SpaceX to send its first satellites into orbit aboard a SpaceX ride-share mission in 2027, as the Southeast Asian…
A Meta logo is shown on a video screen at LlamaCon 2025, an AI developer conference, in Menlo Park, California, in April 2025.
August 12, 2026

Zuckerberg manifesto sketches out Meta’s ambitions for world-changing AI technology

Meta Platforms CEO Mark Zuckerberg laid out a vision on Monday of what he said artificial intelligence (AI) can do for the world, imagining a future where everyone has their own, all-knowing AI agent…
Specialist Dilip Patel working on the floor of the New York Stock Exchange on Thursday, July 30 in New York.  AP
August 11, 2026

US stocks slip below their records as oil prices rise 5%

The US stock market slipped below its all-time high while oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again. The S&P 500 fell…