THE FINANCIAL Gleaner has been reliably informed that promissory notes valued at around US$10 million are due for collection from connected companies of Stocks and Securities Limited (SSL). SSL, a brokerage house facing dissolution after the...
WEST INDIES Indies Home Construction Limited (WIHCON) is building a new gated community in Westchester, Portmore, St Catherine named Chester Creek. It is to be composed of four phases of residential and commercial properties on 23 acres of land....
FOOD MANUFACTURING and packaging company Cal’s Manufacturing Limited, which targets low-cost, high-demand foods and consumer products, has added more operating space as it seeks to increase output to both local and exports markets. In 2022, the...
If investing partners in the Jamaican franchise holder of BirdShack have their way, there will be at least 15 stores in Jamaica by the end of 2026, including one in every major town in the island. On February 7 Arya QSR, holders of the...
Returned head of Mystic Mountain Limited (MML), Michael Drakulich, indicates that while the company will open to Jamaicans in the Easter week, a number of upgrades are expected for the attraction which was shuttered in December. Drakulich, founder...
Government’s housing solutions provider, the National Housing Trust (NHT), indicated this week in its audited financials for the April 2022 to March 2023 fiscal year that land held for housing development is valued at $6.52 billion. The NHT is the...
Eggs, a cheaper source of protein than meat (tinned or fresh), climbed by almost nine per cent by consumer purchases in 2023. Consumption of eggs increased in Jamaica in 2023 to 254,947,500, up 8.9 per cent year-over-year. In 2022, eggs purchased...
Gairy Taylor, general manager of Recycling Partners of Jamaica (RPJ), says the company’s capacity for exports has improved with the acquisition of two automatic balers. The balers, he said, cost approximately US$100,000 each and will boost their...
Justine Collins, a partner in the law firm Hart Muirhead Fatta, says that while the Office of the Information Commissioner, OIC, website is not yet live for registration, accounts can be created, as companies position to comply with the new law on...
Mortgage volumes are on the decline according to the Planning Institute of Jamaica. Meanwhile, the Developers Association is citing an overhang in construction units that are unsold on the market. Housing completions by the National Housing Trust,...
Winston Simpson, CEO of the Rural Agricultural Development Authority, RADA, says farmers who at first were sceptical about crop insurance have become more bullish since the recent rains after the payments arrived from their insurer covering damage...
Winston Simpson, chief executive of the Rural Agricultural Development Authority, RADA, says falling water levels in Panama, which affect the ability of larger vessels to pass through the canal, will likely impact Jamaica in the fourth quarter, for...
MoneyGram’s super-agent in Jamaica, Lasco Financial Services Limited, has faced several headwinds. Higher MoneyGram commissions led to declining revenue per transaction, during Lasco’s past financial year, although remittance volumes increased by...
Deputy Governor of the Bank of Jamaica (BOJ), Wayne Robinson, says legislation for the new ‘twin peaks’ model of the financial system regulation is not expected to land in Parliament before 2025. The ‘twin peaks’ regulatory model was introduced...
Nigel Davy, executive chairman of newly named company Innovative Energy Group (IEG) Limited, says they will be focusing on mergers and acquisitions as they seek to improve their standing in the energy sector. The business’ core functions, he says,...
The Bank of Jamaica (BOJ) has indicated that it is comfortable with the level of household debt, although the stockpile of consumer loans is growing in the island. Financial liabilities for households include consumer loans and mortgage loans....
Jamaica Bauxite Mining Limited, JBM, is moving ahead with two of its commercial projects that have been in the works for a while, with a search for joint venture financing partners now under way. The indicative cost of the projects is about $4...
The Pesticides Control Authority, PCA, is seeking the overhaul of current legislation governing the use of substances, including herbicides and insecticides, the main objective being measures that are prohibitive enough to deter illegal operators...
The Bank of Jamaica is projecting that inflation is likely to rise again, and data related to the recent rains could further dampen its outlook. Inflation is currently back within the target range, but “Jamaica is not yet out of the woods where...
The Bank of Jamaica, BOJ, has rolled out a public information campaign to sensitise users and financial institutions on how to recognise counterfeit polymer banknotes that entered circulation in mid-June. The central bank advises in the meantime...
The American market now accounts for 51 per cent of Jamaican Teas Limited’s foreign sales, advances that Export Manager Jonathan Mahfood has linked to the company’s expanding range of packaged soups and diversification of the Caribbean Dreams brand...
Some local pharmacists describe as gold-plated the National Health Fund programme under which private pharmacies collect a fraction of the cost of drugs from clients but are repaid the full cost of the medication on a weekly basis. The system has...
Gary ‘Butch’ Hendrickson, head of National Baking Company Limited, is exasperated with what he describes as recurring issues relating to raw materials import restrictions caused by government regulations that serve no one’s interests and continue...
The University of Technology Jamaica, which churns out the most trained pharmacists annually, is of the view that the numbers certified should be enough to serve the sector. But there is a rising worry within the trade that job positions are going...
