Money Media

Integrity Commission Flags Billions in Government Contracts Billions in government contracts. No competing bids. And some contractors getting multiple awards on the SAME DAY. Were the rules being followed? The Integrity Commission examined government contracts reported for 2025. It found that nearly seven out of ten contracts were awarded through single-source procurement, including emergency contracting. That means selecting a supplier without inviting competing bids... Read more MISSION 01...

Anthropic investing big in AI engineers Anthropic is putting US$100 million behind training 10,000 AI engineers—and the Caribbean should be paying attention. Anthropic, the company behind Claude, has launched the Claude Frontier Academy. Its goal is to train 10,000 people called Frontier Deployed Engineers by the end of 2027. That title sounds complicated. But the job is straightforward: help businesses turn an AI idea into something that actually works. Read more PRACTICAL WORKBOOK Turn your...

Guyana is offering business loans with no interest and no collateral Imagine getting a business loan with no interest and no collateral—Guyana’s new Development Bank is offering exactly that. The Guyana Development Bank began operations on October 5, offering loans of up to three million Guyanese dollars—about US$14,400—to small and medium-sized businesses... Read more FEATURED Own a Piece of the Caribbean Learn how to invest and build wealth in the region you love with Kalilah’s new book,...

No BRICS currency? If you've been hoping for a new BRICS currency to challenge the US dollar, I hate to burst your bubble but it looks like that's not gonna happen. We’ve been following the possibility of a BRICS currency—but now India says there’s no proposal for one. BRICS stands for Brazil, Russia, India, China and South Africa. If you’ve been following our BRICS coverage, you’ll remember we discussed the possibility of the group creating its own currency to rival the US dollar... Read...

Hey Reader, Here's What's Hot on the business scene right now 🔥🔥🔥 Fosrich's debt troubles Nvidia has authorised another US$150 billion to buy back its own shares, but that doFosrich is asking investors for more time while it tries to fix a multimillion-dollar debt problem. Fosrich, the Jamaican company known for electrical supplies, lighting and solar energy products, is facing serious financial pressure. The company has a 900-million-dollar bond paying interest at 12.5% annually. But Fosrich...

Is Someone Trying to Take Control of Elite Diagnostic? Is someone secretly trying to take over Elite Diagnostic? Millions of shares in the Jamaican medical imaging company have changed hands. And for a few days, one shareholder reportedly controlled more than HALF the company! But who bought all those shares? And what are they planning to do with them? Read more PRACTICAL WORKBOOK Turn your money goals into a plan Budget, tackle debt and map out your first investing moves with practical...

Jamaica’s Stock Market Is Rallying. Is Your Portfolio Recovering? Jamaica’s stock market is having its strongest year so far since before the pandemic—but is your portfolio feeling it? Through the end of September, the Jamaica Stock Exchange recorded its strongest year-to-date advance since 2019. According to the Financial Gleaner, the Combined Index was up about 21%, and the US-dollar Equities Index gained about 39%. But the Junior Market? Down almost 9%... Read more LESSON 1 FREE The stock...