46 Properties Head to Auction as Past-Due Loans Surge 79%
A property auction is more than a real estate story—it’s often the final chapter of a debt story. On August 26, 46 mortgaged properties across eight parishes will go to auction, including homes, apartments, commercial buildings and resort properties. This follows another auction in June featuring about J$2 billion in repossessed real estate. This does […]
Carib Cement’s Profit Jumps as Jamaica’s Rebuilding Demand Grows
Caribbean Cement Company delivered a record second quarter, earning $2.7 billion in profit—nearly five times the amount earned during the same period last year. The company produced and sold more cement following the expansion of its kiln and stronger demand from rebuilding projects after Hurricane Melissa. For the first six months of 2026, Carib Cement’s […]
Microsoft’s $450 Billion Market Surge
Microsoft made stock market history after adding nearly US$450 billion to its value in a single trading day. The company’s shares jumped more than 15% after it reported stronger-than-expected earnings, rapid cloud growth and an optimistic outlook for its artificial intelligence business. The surge pushed Microsoft’s market value to approximately US$3.35 trillion. Microsoft generated US$90 […]
Saudi Arabia Joins Fight Against Iran-Backed Groups
Saudi Arabia has joined the United States in launching airstrikes against Iran-linked militia groups in Iraq after the fighters allegedly attacked Saudi oil and gas facilities. The operation marks Saudi Arabia’s first publicly confirmed involvement in the wider conflict involving the United States, Israel and Iran. Although Saudi officials said the strikes were defensive and […]
Oil Shock Could Hit Caribbean Wallets Again
Oil Shock Could Hit Caribbean Wallets Again The Caribbean does not need to produce oil to feel an oil crisis. Rising crude prices driven by escalating conflict in the Middle East could quickly increase the cost of fuel, electricity, transportation and imported goods across the region. Brent crude has climbed toward US$90 a barrel, raising […]
How Did US$2.5 Million Move Without Approval? BVI Probes Delta Capital Investment
A government should have stronger controls over public money than a household has over a debit card. Yet the British Virgin Islands is investigating how US$2.5 million in public funds was invested in 2025 with Jamaica-linked Delta Capital Partners without the approvals required from the Minister of Finance or the Financial Secretary. The investigation is […]
Jamaica Says Invest Now. Trust, but Verify.
Jamaica is telling local and diaspora investors that now is the time to invest, pointing to lower public debt, stronger foreign exchange reserves, improved infrastructure and a growing pipeline of opportunities in tourism, logistics, manufacturing and business services. These are encouraging signs, but a stronger economy does not guarantee a successful investment. While Jamaica’s improving […]
Jamaica’s Tourism Tax Hike Could Backfire
Jamaica wants more revenue from tourism at the exact moment the industry says it has less room to give. That is the debate surrounding the Government’s plan to increase the General Consumption Tax (GCT) on specified tourism services from 10% to 15% beginning April 1, 2027. The Government expects the increase to generate J$11.4 billion […]
Middle East Conflict Puts Bank of Jamaica’s Financial Resilience to the Test
The renewed conflict in the Middle East could make life more expensive for Jamaicans by driving up oil, shipping and insurance costs. Jamaica imports most of its fuel and many everyday goods, so higher global costs could lead to more expensive petrol, electricity, transportation, food and imported products. Inflation already rose to 6.7 per cent […]
Bailey Wealth Group Expands Access to Private Real Estate Investments
Bailey Wealth Group is increasing its focus on private market investments as more qualified investors look for opportunities outside of traditional stocks and bonds. The company plans to give eligible clients greater access to investments linked to real assets, starting with real estate. Private market investments have historically been available mainly to large financial institutions, […]