Business

A view of the plant operated by Caribbean Cement Company Limited, a subsidiary of global building materials corporation Cemex, which recently spent US$42 million on the expansion to grow capacity at the Rockfort, Kingston-based complex. The debottleneck pr
Published 19 minutes ago

Caribbean Cement annual output fell to five-year low

The kiln expansion at Caribbean Cement Company Limited (CCCL) failed to lift output past one million tonnes in 2025 as production dipped below 2020 pandemic levels, according to data in its annual report. Going forward, operations could see “uncertainty” with higher input costs due to oil shocks caused by the US-Iran war, the annual report warns. Its kiln – the equivalent of an industrial furnace – was completed and commissioned in April–May 2025, after which Hurricane Melissa struck last October, causing temporary disruptions.

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Richard Pandohie, CEO of Seprod Ltd.
Published 19 minutes ago by Neville Graham

No sugar-coating it

Consumers are bracing for a new round of price increases as three food manufacturing giants begin passing on the cost of the new sugar tax – with GraceKennedy the first to move, effective May 1.
Fraser McConnell (left), Jamaican rally cross driver, and Jeremy Barnes, managing director of Fesco, at the launch of FESCO Futron 93 Octane Gold standard in automotive fuel at the FESCO station on Beechwood Avenue in Kingston on Friday, December 9, 2022.
Published 19 minutes ago by Neville Graham

Not for your Probox

The sale of 93-octane gasolene – a super-premium fuel used in high-performance sports cars – steers closer to entering Jamaica’s retail market, but petroleum marketing companies are divided on its…
Business
Published 19 minutes ago

Remittances rise in February by highest level in four years amid fall in active locations

Net remittance inflows totalled US$247.6 million in February, representing an increase of 3.8 per cent, compared to year-earlier levels, the latest remittance bulletin from the Bank of Jamaica stated.…
GraceKennedy headquarters, Harbour Street, Kingston. - File photo
Published 11 hours ago

GraceKennedy announces price increases on non-alcoholic sweetened beverages

GraceKennedy Limited says it will increase its prices on non-alcoholic sweetened beverages by an average of nine per cent, effective Friday, May 1. In an April 24 notice to its Jamaican retail…
April 27, 2026

Search for new BOJ governor begins

The search has started for a successor to Governor of the Bank of Jamaica (BOJ) Richard Byles whose appointment is set to end on August 18. In making the announcement in a media release on Monday,…
Mark Hart
April 26, 2026

Expanded cement quota too small for Melissa rebuilding, warns Buying House

Buying House Company Limited says the Government’s decision to expand its cement import quota falls short of what will be needed to maintain stable supply through the second half of the year as…
Amitabh Sharma
April 26, 2026

Jamaica must build resilience, collaborate in climate-sensitive world – IMF managing director

Washington: The conversations at the IMF’s Spring Meetings 2026, from April 13 to 17, primarily focused on the ongoing Middle East conflict, its debilitating impact on global economies, and how the…
Dennis Chung Chief Technical Director at the Financial Investigations Division.
April 26, 2026

Jamaica Customs eyes drone patrols as illicit trade robs nation of $26 billion

Jamaica Customs Agency is considering setting up a dedicated drone unit to patrol the island’s ports and coastline amid the country losing more than $26 billion annually in tax and excise revenue to…
Dr Lawrence Nicholson
April 27, 2026

Lawrence Nicholson | Family-owned businesses & entrepreneurial intentions

Entrepreneurial intention has emerged as one of the strongest predictors of actual entrepreneurial behaviour, serving as a reliable barometer to predict those who will engage in entrepreneurial…