The Mystic Mountain Rainforest Adventures attraction in Ocho Rios, contending with more than a COVID-19 pandemic financial fall-out, is estimated to require US$2.6 million or $380 million in additional working capital over the next two years. As...
PAC Kingston Airport Limited, PACKAL, operator of the Norman Manley International Airport, NMIA, in Kingston is maintaining that its pre-COVID commitment to invest more than US$100 million to upgrade the airport will be honoured, even as its parent...
Technology firm tTech Limited is on the hunt for training partners in response to growing demand fuelled by the COVID-19 pandemic. With its third-quarter financials showing challenged revenues and declining profits, tTech CEO Christopher Reckord...
The financial fallout globally and in Jamaica from the current COVID-19 pandemic has again placed in the spotlight the issue of private sector tax incentives for economic reconstruction. At least two business umbrella groups – the Jamaica Chamber...
Business is down 80 per cent for microbusiness Mira Botanicals, but owner Helen daCosta hopes to stick to her timeline of scaling up the venture, and placing her all-natural body care products in shops and pharmacies across the country before the...
Likkle Tea, the Kingston-based speciality tea small business run by young marketer and entrepreneur Patrique Goodall, was in expansion mode, having invested in machinery last year, introduced new products to the local and export markets, and on...
BIOPRIST GROUP, the Montego Bay-based holding company for Indies Pharma, Bioprist Pharmaceuticals and Bioprist Knowledge Park Limited, has donated what its principal says is an initial $1 million to Jamaica’s COVID-19 relief fund. In making the...
The roll-out of the controversial national identification system, NIDS, is receiving strong support from the umbrella private sector group, the Private Sector Organisation of Jamaica, PSOJ. In fact, Christopher Reckord was recently named the group’...
Herboo Corporation, which launched into business with a single product but has since grown to three lines of cosmetics, is preparing to take on more foreign markets. The Mandeville, Manchester-based small business is already in almost 200 stores...
Gassan Azan Jr is a businessman who is intent on making a major impact on the Jamaican economy, and the general society. One could say he has already achieved that. His flagship Bashco stores are well known for low-cost dry goods, a business...
Hotel company Jartena Properties Limited has bought Montego Bay’s 84-room Wexford Hotel, which had been on the market for some time. The new owner, which also owns and operates the Altamont Hotel in Kingston and Altamont West in Montego Bay, plans...
Property and investment conglomerate PanJam Investment Limited needs new cash to finance the build-out of two big construction projects. These are the second phase of its ROK Kingston hotel and its still-unnamed business hotel and condominiums at...
Prime Minister Andrew Holness’ plan to establish six STEM centres of excellence might draw on the template of a private-sector-led initiative that is already spearheading a game-changing innovation and research academy. The movement is expected to...
A dispute has erupted over the construction of a villa and beachfront structures in the upscale Lagoons residential community in Montego Freeport by medical doctor and entrepreneur Dr Guna Muppuri. The homeowners’ association, Lagoons Management...
The government, through the National Housing Trust (NHT), continues to spend millions of dollars for the Orange Grove property in Trelawny, former home of the Outameni heritage and cultural attraction and tour, as would-be investors shy away from...
A Caribbean Development Bank-funded technical study has found that plantation white sugar can be used to replace refined sugar and, in fact, is being used in manufacturing processes within Caricom and elsewhere in the world, a finding that has...
The family has a longer history in the grocery retail market, but is now putting money into real estate development, rental and sales, to drive earnings and profits. Having bought the former Baron’s Plaza on Constant Spring Road, remodelled and...
The 80-year-old Shipping Association of Jamaica, SAJ, is at a crossroads of sorts and its leadership recognises this fact. Formed as a trade union of employers of port workers in 1939, the SAJ has been supplying labour to Kingston’s two major port...
Regional head of the Inter-American Development Bank, IDB, in charge of Latin America and the Caribbean Therese Turner-Jones, is holding up the European country of Estonia as a model for Jamaica, insisting that greater investment in technology and...
The listing of government-owned Wigton Windfarm is targeted for next month, and the Development Bank of Jamaica (DBJ), is already weighing the next state assets targeted for divestment via the stock market, which includes the holdings in Jamaica...
The Mona School of Business and Management, MSBM, is a top business-education institution in the Caribbean and Latin American region. But despite being a member of the Association to Advance Collegiate Schools of Business, AACSB, the business...
Caribbean Airlines adding planes and tours to grow out of red inkSees first signs of a turnaround in September quarterQuick on the heels of rare profits not seen in almost a decade, regional carrier Caribbean Airlines Limited, CAL, is pushing ahead...
Sagicor Investment Jamaica will be rolling out three new US dollar denominated fixed income global funds as part of its Sigma suite of unit trust products. The investment house is marketing the new funds as a hedge against depreciation of...
