Could Spirit Airlines' Collapse Hurt the Caribbean? A moment of silence for Spirit Airlines. Spirit officially shut down earlier this month after years of financial trouble, and travellers are already paying the price. Failed merger attempts, bankruptcy filings, and rising fuel costs finally caught up with the company. According to the airline, soaring jet fuel prices linked to tensions in the Middle East was the final blow. But Spirit’s problems started long before that. The airline built...
5 days ago • 1 min read
What Barita's Results Say About Jamaica's Economy Barita Investments recently acquired JN Fund Managers and has since rebranded as Barita Fund Managers. They also just reported great financial results. What does this say about the Jamaican economy, and how are they looking towards the future? CEO of Barita Investments, Senator Ramon Small-Ferguson and Interim CEO of Barita Fund Managers, Richardo Williams, join the conversation. ⚠️Scam Alert I will never message you to trade, ask for money,...
6 days ago • 1 min read
View this email in your browser Hey Reader, Here's What's Hot on the business scene right now 🔥🔥🔥 Did IShowSpeed Help Caribbean Tourism? One YouTuber just gave the Caribbean millions of dollars worth of free promotion. Internet superstar IShowSpeed just wrapped up his massive Caribbean tour, and the numbers behind it have tourism officials, businesses, and content creators across the region paying attention. Now, if you don’t know IShowSpeed, his real name is Darren Watkins Jr, and he is one...
6 days ago • 3 min read
📺Premiering now! On this episode of Taking Stock... Cannabis is a $10 billion industry in Jamaica, but are we getting its full potential? Is this something investors need to look closer at? Founder of Jacana Wellness, Alexandra Chong and Minister of State in the Ministry of Industry, Investment and Commerce, Delano Seiveright, join us LIVE in 15 minutes to discuss. And THE ANALYSTS weigh in on the latest market developments... The government has spent less than 2% of Hurricane Melissa relief...
7 days ago • 1 min read
Only 2% Of Hurricane Relief Funds Spent Why are billions of dollars collected for Hurricane Melissa relief still just sitting there in government’s bank account months later? So we all know that government is notoriously inefficient. And that even goes for spending money. Stuff takes forever to get approved, procurement processes take months. It’s a pain. But when you have an emergency like a category five hurricane and people need help NOW, that cyaa work! Well, a new Auditor General’s...
7 days ago • 1 min read
Hey Reader, Here's your weekly roundup from Money Media! 📌Taking Stock CB Warns Of Price Hikes Caribbean Broilers Group says Jamaicans could see higher food prices in the coming months as rising global costs begin to pressure the local agricultural sector. Speaking on Taking Stock with Kalilah Reynolds, CB Group CEO Matthew Lyn said the company has managed to hold prices steady on its food products for more than two years and on feed products for nearly four years, but mounting international...
9 days ago • 2 min read
Jamaica’s Sugar Tax Already Has Problems! Wait… so the sugar tax isn’t just taxing sugar? So Jamaica’s new tax on sugary drinks recently went into effect and already there are issues. WISYNCO Chairman William Mahfood was on Taking Stock recently, and he explained that the gazetted law actually includes taxes on artificial and alternative sweeteners too. “So initially the Minister of Finance in her closing remarks at the budget had stated that only tax would only be applied on products with...
11 days ago • 1 min read
Why Isn't Carib Cement Paying Bigger Dividends? So… Carib Cement has billions sitting in cash, and investors are asking one question. Where’s the dividend? Carib Cement is trending again after Mayberry’s Chris Berry publicly raised concerns about how the company handles its profits and dividends. Carib restarted dividend payments in 2022 after going 17 years without paying shareholders. But the company is only paying out about 30 percent of its profits while ... Read more ⚠️Scam Alert I will...
12 days ago • 1 min read
View this email in your browser Hey Reader, Here's What's Hot on the business scene right now 🔥🔥🔥 NCB Stock Back Above $50 NCB back above 50 dollars? Yeah… that’s getting people’s attention. After struggling for years and falling hard from its glory days above $200 dollars per share, NCB Financial Group is finally showing signs of life again, with the stock climbing back above the $50 mark. The stock closed May 8 at $51.94. Now, for longtime investors, that might not sound like a big deal...
13 days ago • 3 min read