In a first for Jamaica, 16 tonnes of liquid medical-grade oxygen have been exported to Caribbean neighbour The Bahamas. The shipment also represents Massy Gas’ first effort in a big export push. The company has another plant in Trinidad and Peter...
A softening of demand for frozen and chilled products, lower visitor arrivals, the reduction in remittances, and some inflationary effects “all seemed to have resulted in lower-than-expected overall consumption” during the September quarter,...
The Caribbean Broilers Group is promising a shift in best practices as it partners with Irish research company Devenish Nutrition to commission the first R...
Cinema operator Palace Amusement Company has made a major change at the top, with the appointment of Steven Cooke as assistant managing director. Cooke is one of the two sons in the Palace Amusement universe, the other being Scott Graham. Since...
After moving from its sprawling Twickenham Park base near Spanish Town, St Catherine, in 2015, cigarette distributor Carreras Limited is moving back to a location that sits on the border of the parishes of St Catherine and St Andrew at the Ferry...
Derrimon Trading Company Limited will be exporting the Sampars brand to New York, where its two American grocery businesses are currently shuttered amid repairs, and have become a drag on its bottom line. The Jamaican company plans to rebrand its...
Jamaica’s finance minister, Dr Nigel Clarke, joining the International Monetary Fund’s (IMF) senior management team is being hailed by leaders and economists across Latin America and the Caribbean as a signal moment. They expressed hope that his...
The expiration of one-off benefits available to subsidiary AS Bryden and to unexpected costs for procurement of foreign exchange drove profit down at manufacturing and distribution company Seprod Limited. Despite a modest increase in top-line sales...
Upmarket lender Ultra Financier is adding private credit as a new line of business, in addition to making loans to high net-worth clients. CEO David Henriques says its meant to shake off the company’s present image, which he described as being akin...
After reporting annual losses of $529 million, media and technology company Radio Jamaica Limited, which trades as RJRGLEANER Communications Group, said in a statement to shareholders that it has “embarked on an ambitious transformation journey to...
Fresh off organisational changes and realignment, Appliance Traders Limited, ATL, through its commercial division is targeting the burgeoning quick service restaurant or QSR market with a Caribbean-wide exclusive dealership for top line brand,...
The latest credit union merger involving Gateway and EduCom has got approval from their memberships, shrinking the movement once again. But the umbrella body that speaks for all credit unions, JCCUL, says it’s likely that even more tie-ups will be...
The National Commercial Bank (NCB) Staff Association has triumphed in Jamaica’s final appellate court, the Privy Council. This comes as NCB lost its appeal in a long-running legal fight with workers seeking their share from the financial giant’s...
The Government intends to spend $1.34 trillion for the financial year 2024-2025 to manage the country’s affairs. The figure, which was revealed as Finance Minister Dr Nigel Clarke tabled the Estimates of Expenditure in Parliament on Thursday, is $...
It’s called the Royale Winchester Hospital Group and as Jamaica’s first group of companies solely dedicated to the health sector, the group is getting ready to approach the equities market at ‘the right time in 2024’. Chaired by Dequity Capital’s...
The battle lines are drawn as digital media company iCreate has vowed to take court action as it slapped down a deed of settlement, release and indemnity sent by Sagicor to its legal team. The proposed settlement, among other things, sought to...
Popular jerk restaurant, The Jungle Fiah Buffet Restaurant Limited, says it will continue to do business from its four locations, as the outcome of a recent case brought against founder, Franklyn Mason Sr, has nothing to do with that business....
Private equity investor Anthony Dunn and marketing and tourism aficionado Donovan White are now members of the board of junior market-listed company iCreate. Dunn is currently the chief investment officer of Delta Capital Partners Limited and will...
The process of ‘delayering’ and ‘reset’ at Jamaica’s largest bank, the National Commercial (NCB), is well under way as two more top executives under the NCB Group have departed. Steven Gooden, chief executive officer of NCB Capital Markets, and...
Patrick Hylton and Dennis Cohen say they are ready to negotiate suitable packages in the aftermath of their separation from the two top posts at the NCB Financial Group. The two men had surrendered over 95.1 million NCB shares that they held as at...
With no indication of the extent of a data breach and cyberattack at investment firm Mayberry, the company yesterday urged clients to take immediate steps to protect themselves “against any possible adverse consequences”. In its second notice to...
DIGITAL MEDIA company iCreate is still in breach of the Jamaica Stock Exchange’s (JSE) Junior Market Rule 505 (7) (a). The rule says: ‘The Junior Market Company shall at all times ensure that the fully paid, subscribed participating voting share...
MANAGING DIRECTOR at the National Export-Import (EXIM) Bank, Lisa Bell, is stepping down from her post on April 30, 2023. Bell has been at the helm of the state finance agency for 13 years. She joined the EXIM Bank in 2010, having previously served...
FACED WITH a first quarter loss and peaks and troughs in its revenue flows, air conditioning company, CAC 2000 Limited, has struck a deal with Real Marketing out of Trinidad and Tobago to represent Crown Ltd. Gia Abraham, CEO, describes Crown Ltd...
