Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
🤔Should You Be Saving In USD?
Should You Be Saving In USD?So it looks like Jamaicans are running back to the US dollar. It wasn’t that long ago when any little extra money you got, you dropped it in a USD savings account. That’s because the Jamaican dollar was so unstable that people felt they had to save in USD to counter the effects of devaluation. Around 2017, though, the Bank of Jamaica implemented the B-FXITT system, which helped to stabilise the local currency and ensure that it fluctuated both ways. Some days the dollar was high; some days it was low. This made saving...
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Money Media
Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
Your Grocery Bills Are Going Up! Your grocery bill just went up, and sugar is to blame. Jamaica has officially rolled out its new sugar tax, and shoppers are already seeing the impact at the supermarket. The government is now charging 22 cents per gram of added sugar in drinks. It’s expected to raise about 10 billion dollars in its first year, while also pushing people to cut back on sugar. But here’s what’s really happening: Companies are not absorbing that cost. They’re passing it straight...
Hey Reader, Here's your weekly roundup from Money Media! 📌Taking Stock Global shocks continue to hit Jamaican businesses Jamaican businesses are under mounting pressure as a string of global and local shocks continue to disrupt trade, costs and investor confidence, according to Equity Trader Clive Charlton. Speaking on Taking Stock with Kalilah Reynolds, Charlton said repeated crises, from the COVID-19 pandemic to geopolitical conflicts and hurricanes, have forced companies to rethink how...
Jamaica's Next Big Industry? Jamaica’s legal cannabis industry is now valued at over J$10 billion! According to the Cannabis Licensing Authority, the industry hit about US$63 million in 2025, which is roughly J$10 billion. That’s a 63% jump in just one year. That’s about the amount of money the country earns from exporting major non-traditional crops like yam and coffee combined. And we know Blue Mountain coffee is legendary, so the cannabis industry is making more and it’s actually becoming...