Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
📰Story of the Week!
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Hey Reader, Here's your weekly roundup from Money Media! 📌Taking StockGlobal shocks continue to hit Jamaican businessesJamaican 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 they operate just to remain profitable. “Significantly ...
📉The Bottom LineJamaica’s Next Big Industry?Is cannabis Jamaica's next big industry? Read more Should You Be Saving In USD?So it looks like Jamaicans are running back to the US dollar. Read more Big Win for Jamaican AirBnB HostsGetting paid as a Jamaican Airbnb host just got a whole lot easier. Read more Cumax's Big Move Into Investment BankingCumax Wealth Management is stepping into a new phase, expanding into investment banking and capital raising after over 20 years in Jamaica’s financial sector. CEO Herbert Hall breaks down what that means for businesses looking to raise capital and investors looking for new opportunities. Poll resultsAre you worried about a possible food shortage in Jamaica? The official data partner of Money Media! Get 10% off your MyMoneyJa.com subscription with the code MONEYMISSION Market RecapJamaica Stock ExchangeJSE Combined Index +2.47% Trinidad & Tobago Stock ExchangeComposite total +0.41% US marketsDOW Jones +0.79% 💲Dollars and centsForexUSD$1.00 = JM$158.21 (+$0.69) CAD$1.00 = JM$116.28 (+$1.38) GBP$1.00 = JM$216.26 (+$4.18) EUR$1.00 = JM$189.12 (+$2.82) Crypto1 BTC = US$78,745.72 (+3.18%) 1 ETH = US$2,327.94 (+1.70%) Gas prices87 - $185.63/litre (+$4.50) 90 - $193.08/litre (+$4.50) DSL - $193.25/litre (+$4.50) ULSD - $200.10/litre (+$4.50) Coming upTaking StockTuesday, May 5, 2026 - 8 pm We recap the latest business and finance news and tell you how it will affect you and your money.
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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...
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...
View this email in your browser Hey Reader, Here's What's Hot on the business scene right now 🔥🔥🔥 Hunt for new BOJ Governor Change The government has started the search for a new Bank of Jamaica governor. Governor Richard Byles is set to leave office on August 18, after taking up the role in August 2019. That marks roughly seven years at the helm of the central bank. Finance Minister Fayval Williams says the process will focus on finding a candidate to maintain monetary stability and continue...