Private equity firm MFS Capital Partners still has a few regulatory hurdles to clear before completing its first business acquisition since it underwent a name change from SSLVC last August, but CEO Dino Hinds expects to wrap up that process by...
Now deep into the execution of its long-term plan to grow its manufacturing division by 60 per cent, Jamaican Teas has been thrown a curve ball: CEO of the division, Diana Blake-Bennett, is leaving the company. Her resignation takes effect on...
Some 24 acres of land previously earmarked for the buildout of a logistics centre in Spanish Town, St Catherine, has been acquired by newly formed company Marbella Holdings Limited, and the property is being prepared for a commercial complex,...
Dolla Financial Services has struck a deal with real estate brokerage firm Century 21 Heave-Ho Properties Limited to become the preferred financing partner for short term loans to its clients and agents, covering home purchase fees and incidentals...
Jamaican Teas Limited, producer of Caribbean Dreams and Tetley teas, is acquiring a property at Temple Hall in the hills of St Andrew to execute its long-held plan to add new production capacity for the growing business. The tea maker, which also...
Jamaica Special Economic Zone Authority, JSEZA, is going digital, a shift it expects will cut back on the turnaround time for the issue of licences. JSEZA, the state agency responsible for promoting investments via special economic zones, began...
The Housing Microfinance Loan Programme, a facility launched by the National Housing Trust, NHT, back in 2017 in partnership with credit unions to lighten the burden on contributors funding home purchase fees and incidentals upfront, has been...
Aiming for a minimum 15 per cent growth in revenue, annually, energy storage company Tropical Battery is days away from clearing its first shipment of 40 electric bikes, as it prepares to enter the world of auto dealing. Having secured a dealer’s...
Marine park operator Dolphin Cove Limited is advancing plans for the expansion of two parks, on the heels of what has been its best annual performance in its 22-year history, and expectations of increased business to come from larger cruise ships...
Lydford Mining has entered into a sales arrangement with Vulcan Materials, one of the largest producers of construction aggregates in the United States, an agreement that’s poised to triple the amount of aggregates the Ocho Rios-based company ships...
Scotiabank Jamaica says it will be increasing interest rates on credit cards by a percentage point, effective February 6, 2023, in response to ongoing rate increases in the market over the past year. The new rates will be applied on all seven...
Johnston Development Group, JDG, a year-old company in which private equity outfit Dequity Capital Management Limited has a stake, is undertaking a $1.2-billion residential development in Kingston called Cardinal Residence. It’s the first in a...
Pawn shops across Jamaica have seen an uptick in business over the past months, including Cashwiz, as more people look for ways to earn quick cash amid rising cost of living. Rising inflation is partly what’s been fuelling Cashwiz’s decision to...
Jamaica and Guyana are already benefiting from a US$40-million training and aftercare support programme under the Alliances for Action Coconut Project that’s meant to wring more value from a crop that has long suffered from the lethal yellowing...
Aiming to widen the number of micro and small businesses that go digital, the Development Bank of Jamaica, DBJ, has designed a new grant and loan programme that helps entrepreneurs transform their operations. The development bank has set up a ‘go-...
Lasco Financial Services has formed an alliance with a fourth remittance service provider, Boss Revolution, in a move to grow volume transactions and stabilise revenue that the company says it could lose as online transaction fees get cheaper....
With just weeks until phase three of the plastic ban becomes effective, juice manufacturers say they have stocked two to three months’ supply of paper straws to minimise the risk of global-supply chain disruptions amid concerns of limited...
Internet shopping and home deliveries are fast becoming the new ways to stock up on grocery items across Jamaica in the wake of stay-at-home directives to slow the spread of the coronavirus (COVID-19). And for those shoppers who still want to make...
A plan by the Jamaica Association for Microfinancing, or JamFin, to modernise the operations of the microfinance sector and improve market share for its members was put into action last month after it inked a deal with Cayman Islands-based...
Luxury resort Half Moon has inked a deal with Salamander Hotels and Resorts to manage its 400-acre beachfront resort in Montego Bay. Half Moon’s decision to partner with Salamander Hotels on the management of its property comes months after Half...
