Business

Investor and chairman of Portland Private Equity, Michael Lee-Chin.
December 9, 2025 by Steven Jackson

Vote on Portland bond debt set for coming week

Bondholders are set to vote in December on terms for payment or an extension of the outstanding bonds issued by companies ultimately controlled by investor and chairman of Portland Private Equity,…
Safia Cooper, managing director of Pulse Investments Limited.
December 9, 2025

Pulse adjusts approach to revenue recognition

Pulse Investments Limited has reported a sharp contraction in core revenue for the financial year ending June as it reshapes its business model. The modelling agency and hospitality company reported…
A Fesco gas station at Beechwood Avenue, Kingston.
December 9, 2025 by Neville Graham

Fesco momentum unchecked by Melissa

Petroleum marketing company Future Energy Source Company Limited grew revenue by six per cent and profit by 21 per cent to hit new highs at the close of the September quarter. Revenue rose to $8.39…
The St Andrews Anglican Church in Albert Town, Trelawny. Normally a place of refuge, churches across Jamaica were also victims of Hurricane Melissa, which passed through Jamaica on October 25, 2025, leaving estimated damage of US$8.8 billion and counting.
December 9, 2025

Cedric Stephens | The uncountable mental toll of natural disasters

As was expected, the government’s provisional estimate of the damage caused by Hurricane Melissa has increased. In one instance, the numbers climbed from a base of US$6-7 billion to US$8.8 billion. In…
Britain’s Chancellor of the Exchequer Rachel Reeves departs 11 Downing Street with her ministerial red box before heading to the House of Commons to deliver her Budget speech in London, Wednesday, November 26, 2025.
December 9, 2025

UK Labour government tries to fight back with tax-raising budget

Britain’s centre-left Labour government sought to seize the political narrative Wednesday with a tax-raising budget that it hopes will boost economic growth, reduce child poverty and ease…
PIOJ Director General, Dr Wayne Henry.
December 9, 2025 by Steven Jackson

Brace for recession but bank on resilience, says PIOJ

The Planning Institute of Jamaica, PIOJ, says said that while the country should expect a recession, steps are being taken to strengthen the economy’s ability to withstand future weather shocks. The…
The offices of Alibaba in Beijing.
December 9, 2025

Alibaba’s cloud business revenue soars, driven by AI boom

China’s Alibaba Group posted a 34 per cent jump in revenue from its cloud business in its most recent quarter, buoyed by the boom in artificial intelligence. But overall revenue at the Chinese tech…
Simon Stiell, United Nations climate chief, speaks during a news conference at the COP30 UN Climate Summit, Saturday, November 22, 2025, in Belem, Brazil.
December 9, 2025

After disappointing COP30, experts weigh next steps to curb climate change

After an agreement from UN climate talks in the Amazon that fell short of many nations’ expectations, experts found some bright spots alongside weighty reasons for worry in the fight against global…
A customer turns away after looking at big-screen televisions on display in a Best Buy store, November 21, 2023, in southeast Denver.
December 9, 2025

Consumer confidence slides as Americans grow wary of high costs, sluggish job gains

Consumers in the United States were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation. The Conference Board said its…