Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
😢Your Bills Are Going Up!
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 on to you. Across the board, major manufacturers are raising prices. GraceKennedy increased prices by...
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Money Media
Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
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...
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...