T. Geddes Grant Distributors Limited is pumping $450 million into the expansion and rebranding of its business, investment that’s aimed at wooing a fresh set of clients out of the United States. The company, which has been operating in Jamaica’s...
Lasco Financial Services Limited, LasFin, will put more muscle behind growing its microfinance arm to alleviate the drag on earnings from remittances, a multibillion-dollar market in which competition is on the rise. The company’s money transfer...
Distribution company Derrimon Trading Limited has formed a partnership with Intcomex, a distributor of computer products, to operate an electronics store at Millennium Mall under the brand, Select Tech. So far, the companies have pumped $100...
National Commercial Bank Jamaica, NCB, has advised that it will be adjusting some of its fees, effective November 1, changes that will mainly result in customers paying more to do business with the bank. NCB has hiked the price on six banking...
The growing importation of cheap chicken parts is taking a toll on one particular element of the business operated by top poultry company Jamaica Broilers: baby chicks. For the quarter spanning May to July the company’s local earnings fell seven...
Progressive Grocers of Jamaica Limited is making changes throughout its chain of supermarkets. The consortium, which owns five supermarket brands cooperatively, will be dropping one of the outlets from the Shopper’s Fair chain and replacing it with...
Chalmers Oasis Limited, a real estate company affiliated with Mayberry Investments Limited and the Musson Group, has received approvals to subdivide some 30 acres of land it owns on Chalmers Avenue in Kingston into 21 lots, opening up new...
Drinks maker Wisynco raked in close to $5 billion in profit for the year ended June, surpassing the prior year’s performance by 21 per cent, on revenues that climbed to a record $48.7 billion. Its solid performance continues to be led by growing...
With mere months to go before the implementation of the Data Protection Act, DPA, on December 1, at least two state-run offices have started the hunt for a professional or firm to design and guide the execution of a data protection and privacy...
NCB Financial Group is restructuring its fintech subsidiary TFOB (2021) Limited, which trades as Lynk, resulting in job losses particularly among employees engaged as contractors. It is also likely to affect some department heads. NCB has not...
In 2024, the Companies Office of Jamaica, COJ, will be upgrading its online portal to incorporate the filing of annual returns along with the supporting documents. Presently, the returns have to be filed in person at the Companies Office of Jamaica...
GraceKennedy Limited has signed an agreement to purchase 100 per cent shareholding in beverage company Unibev Limited, an advancement on the deal it struck two years ago with the company to acquire the 876 spring water brand. The announcement of...
Poultry company Caribbean Broilers Group, CB, will be developing a pet food plant at its Newport Mills complex in Kingston, marking its re-entry to that market but on a wider scale than a decade ago. The project is still in its planning phase, but...
The National Housing Trust, NHT, expects to onboard more partners, including credit unions, merchant banks and building societies, under the newly revised External Financing Mortgage Programme by August, when the long-standing Joint Financing...
More entrepreneurs operating businesses within the tourism sector are taking up loans on offer from the National Export-Import Bank of Jamaica, new data from the state-run financial institution has revealed. The EXIM Bank markets five loan products...
Spectrum Capital Partners, the investment arm of the UCC Group, is scouting joint-venture partners for the development of a resort and neighbouring residential housing project in Trelawny, adding to plans to create a university town in western...
Derrimon Trading Company shelled out $148 million for the acquisition of soups and sauce maker Spicy Hill Farms, and has spent an additional $75 million relocating the business from rural Trelawny to Kingston. More funds are being invested in...
GulfRay Americas Manufacturing Limited, a multioccupancy developer who was said to be an integral part of Jamaica’s logistics hub initiative, has shuttered its Spanish Town-based operations and has taken its business out of the country. GulfRay...
In the midst of transition, KLE Group is currently a company without core income. But in an in interview with the Financial Gleaner this week, Chairman David Shirley says the company that began as Kingston Live Entertainment Limited is clear-eyed...
Sagility LLC, formerly known as HGS Healthcare, has added a fifth call centre operation in Jamaica, having spent US$7 million on kitting out space in Angels, St Catherine, to accommodate local employees. The new site, spanning 75,000 square feet at...
The boards of the listed Lasco companies will meet separately next Thursday to decide who will be the next chairman of the affiliated entities in the wake of the passing of group founder Lascelles Chin, who held the position at all three businesses...
GraceKennedy Group CEO Don Wehby continues to scan the food and financial services conglomerate for ways to combat expenses and supply chain snarls. In the meantime, it's investing in technology and production upgrades to make its businesses more...
Property developer Stanley Motta Limited is scouting tenants for a new commercial high-rise at Half-Way Tree Road in Kingston into which it is pumping US$12 million. In a move aimed at diversifying its rental client base beyond the business process...
