KINGSTON, Jamaica —The Walker Cup semi-final games have been postponed due to persistent rain, with Excelsior High leading Kingston College 1-0 in the curtain-raiser when it was called off in the 65th minute at the Stadium East field on Friday. Aldrano Walters gave Excelsior the lead on the stroke of half-time, bundling home from a corner kick in the 45+2 minute. But the field became impossible to play on, and...

KINGSTON, Jamaica—The National Water Commission (NWC) is reporting improvement in water levels at two of its storage facilities in the Corporate Area following a period of drought that has been impacting the island. In an update on X, formerly known as Twitter, the company said the water level at the Mona Reservoir went up 7.4 per cent and now stands at 33.9 per cent. Likewise, the water level at the...

EXPRESS Catering Limited plans to raise fresh financing to repay a US$12-million bond due next March, as a correction to its audited accounts revealed a tighter position on obligations falling due within a year. The operator of food and beverage outlets at Sangster International Airport revised its May 2026 financial statements to classify the bond as a current liability. The change removes a previously reported US$11.97-million surplus of current assets...

NEW YORK, United States (AFP) — The world’s richest companies can no longer rely on their massive cash piles alone to stay in the artificial intelligence (AI) race and have suddenly started borrowing massively in a shift that is sending repercussions across the world. Rising US interest rates, including on the Treasury bonds that anchor the global economy, are sending tremors through the financial world, and some analysts point to...

NEW YORK, United States (AFP) — Stock markets firmed Tuesday with the Nasdaq and S&P 500 hitting record highs in the United States, as oil prices retreated on easing supply worries, which helped temper concerns about rising Government borrowing costs. On Wall Street, the technology- focused Nasdaq index advanced 0.5 per cent to a new high, coming off a record set on Monday driven by AI enthusiasm. The S&P 500...

AFRICAN leaders will meet in Egypt on Friday for a business summit that Cairo hopes will bolster its clout across the continent. The inaugural three-day Alamein Africa Forum is part of Egypt’s push to reassert itself in a continent where China and Gulf states, particularly the United Arab Emirates, have emerged as major players. After long focusing on the Middle East and the Mediterranean, Egypt is keen to rebuild its...

FT Farfan Limited has entered the Jamaican industrial supply market after acquiring the import and distribution rights for the STIHL brand of products here. The Trinidadian subsidiary of AS Bryden & Sons Holdings Limited (ASBH) became the official distributor for the Jamaican market on October 1, taking over from Delta Supply Company Limited. This is being undertaken by its new subsidiary FT Farfan (Jamaica) Limited which was incorporated on March...

ATLANTIC Hardware Limited is increasing support for droughthit farmers as it stocks up on drought-resistant hybrid seeds designed to help sustain crop production, amid prolonged dry conditions affecting the local agriculture sector. CEO Deanall Barnes said the move forms part of Atlantic’s longer-term strategy as changing weather patterns increase demand for agricultural inputs that can perform under water-stressed conditions. “We realise that the weather patterns are very clear that we’re...

KINTYRE Holdings (JA) Limited has decided to replace its external auditor after repeated delays in completing its 2025 audited financial statements. The overdue accounts have kept the company’s shares suspended from trading since July. The Junior Market company’s board has approved the termination of The Firm CB Ltd and the appointment of Brookes-Ridge Management Consultants Limited, subject to shareholder ratification at an extraordinary general meeting. Brookes-Ridge has committed to completing...

AN approved Ocho Rios recruiter is at the centre of fresh H-2B fraud allegations after the Ministry of Labour and Social Security reported 21 complaints about the company, most concerning refunds, and said it had referred matters involving possible criminal conduct to the police. The complaints come amid allegations that applicants paid as much as US$2,200 for H-2B work placements that were not available. In a TikTok live episode on...

SOUTH Jamaica Power Company Limited (SJPC) has completed a US$162-million refinancing package that extends its debt repayment periods and, according to arranger Scotia Investments Jamaica Limited, lowers its average borrowing cost. The company, which operates the 194-megawatt natural gas power plant at Old Harbour Bay in St Catherine, secured an eight-year loan and a 10-year bond as part of the transaction, giving it longer-term financing for a facility that supplies...

THE current drought affecting Jamaica could cost the economy more than $35 billion over its duration, with economist Keenan Falconer warning that the disruption to businesses, workers, and agricultural production could further weigh on economic output. “The drought could directly account for as much as 1 per cent of GDP (gross domestic product) or over $35 billion over its entire duration, with the figure being higher when indirect impacts are...