Business

May 22, 2026

PIOJ warns AI adoption will cut working and middle-class jobs

The Planning Institute of Jamaica (PIOJ) said Wednesday that artificial intelligence (AI) will displace clerical and professional workers, but that research continues on the scale of displacement throughout the workforce.
"There is still some debate on the exact type and nature of jobs to be replaced," PIOJ Director General Dr Wayne Henry said at the agency's quarterly press briefing.

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May 22, 2026 by Carolyn Guniss

Kaya moves into cannabis delivery market
Cannabis company NUGL Inc, which operates locally under the Kaya brand, is moving to expand into delivery services in Jamaica after a regulatory change now allows authorised cannabis retailers to…
May 22, 2026

JMMB Bank auctioning 73 cars
JMMB Bank wants to sell 73 repossessed cars valued at $250 million, the second publicised auction in a month from the banking sector. The inventory ranges from a $370,000 Mitsubishi to a $15 million…
Business
May 22, 2026 by Luke Douglas

Pan Jamaica Group profits down 56% despite revenue growth
Pan Jamaica Group (PJG) posted higher revenues, but consolidated net profits fell to $924 million, down 56 per cent from a year earlier. The conglomerate said it will accelerate portfolio…
May 22, 2026

Cedric Stephens | The moment of truth after disaster
In my previous column, 'The link between claims delay and disaster recovery’, I examined how slow claims settlement can stall economic and social recovery after catastrophic events. Delays do not…
May 22, 2026

Fesco profits rise amid global oil rise
Future Energy Source Company Limited (Fesco) delivered strong full-year results, reflecting higher fuel volumes, an expanded retail network, and improved margins amid volatility in global oil…
May 22, 2026

Trump pulls back AI vetting order, citing fears of losing lead over China
US President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America's edge on AI technology. Trump said he was…
May 22, 2026

Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand
Artificial intelligence (AI) chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fuelled by massive demand for its high-end AI chips. The company said on…
May 22, 2026

Trump will ease refrigerant rule in a bid to address surging grocery costs
The Trump administration plans to loosen a federal rule that requires grocery stores and air-conditioning companies to reduce greenhouse gases used in cooling equipment, in what officials say is a…
Business
May 22, 2026

US stocks drift after oil prices rise and Nvidia's latest profit report gets a yawn  
The US stock market is drifting on Thursday following a rebound for oil prices and mixed reports on the US economy. The S&P 500 fell 0.3 per cent and is on track for a fourth drop in five days…