Jamaica’s Film Industry Could Become Big Business
Jamaica has always had global cultural power. From music to fashion to language, the island has influenced the world for decades. Now, that same cultural strength is moving into film. Kimala Bennett and LAB Studios are helping to lead that shift. Through the Jamaica Screen Development Initiative, LAB Studios received J$50 million from the Government’s […]
Caribbean Cement Supply Improves
Caribbean Cement says cement supply in Jamaica has improved by more than 20% in recent weeks after heavy rainfall in April disrupted operations and affected local supply. The company says it has increased cement production by more than 50% and is adding warehouse capacity, equipment, and better planning systems to improve reliability. For everyday Jamaicans, […]
SpaceX IPO Could Become First Trillion-Dollar Market Debut
Elon Musk’s SpaceX is preparing to go public. The company could start selling shares as early as June. If the IPO happens as expected, SpaceX could become the first company in U.S. history to make its stock market debut at a trillion-dollar valuation. That is a major moment for the stock market. SpaceX is best […]
Canada’s Economy Slips Into Technical Recession
Canada’s economy is showing signs of serious weakness. New data from Statistics Canada shows that Canada’s GDP fell by 0.1% on an annualized basis in the first quarter of 2026. That came after a revised 1% decline in the fourth quarter of 2025. By the common definition, two straight quarters of negative economic growth can […]
Butterfield Buying CIBC Caribbean
Butterfield Bank has agreed to buy CIBC Caribbean in a US$1.8-billion deal. The deal would create one of the largest banking groups in the Caribbean, with about US$29 billion in combined assets. Butterfield is based in Bermuda. CIBC Caribbean is headquartered in Barbados and serves more than 526,000 customers across 10 countries. For everyday people, […]
MegaMart Portmore Closing After 27 Years
MegaMart Portmore is closing on June 30 after 27 years in business. The store was MegaMart’s first location in Jamaica and employed about 200 people. Chairman Gassan Azan said the decision was difficult, but the Portmore location had been losing money for some time. The closure matters because it affects workers, shoppers, and the wider […]
Tim Hortons Is Hiring 10,000 Canadians as Coffee Competition Heats Up
Tim Hortons is making a major move to protect its position as Canada’s dominant coffee chain. The company plans to hire 10,000 local Canadian workers, reduce its reliance on temporary foreign workers, renovate stores, and open more than 1,000 new locations across the country. This expansion comes as Dunkin’ Donuts is reportedly preparing a stronger […]
NCB Repo Auction Shows Jamaicans Are Feeling the Debt Squeeze
NCB is auctioning 110 repossessed vehicles valued at more than $437 million. That is not just a car sale. It is a warning sign. The vehicles range from a 2016 Nissan AD wagon listed at $500,000 to a 2022 Porsche Cayenne listed at $18.4 million. The list also includes several newer 2024 vehicles, which suggests […]
Jamaica Government Takes Another $57B From NHT as Housing Crisis Deepens
The Jamaican Government has voted to take another $57 billion from the National Housing Trust over the next five years, transferring $11.4 billion each year into the Government’s main budget account. The Government says this money is needed to help fund national spending. Finance Minister Fayval Williams argued that without the NHT transfer, the Government […]
Millions Unspent: Jamaica Auditor General Flags Slow Use of Hurricane Melissa Donations
The Auditor General’s report has raised a serious question about Jamaica’s disaster relief system: why was so much hurricane donation money still sitting unused months after Hurricane Melissa? According to the report, ODPEM received about J$1.44 billion in donations by February 23, 2026, to help Jamaicans affected by the storm. But by that date, only […]