Almost a year into the making of the Code of Conduct that will guide how microcredit licensees operate on consumer related matters, the Consumer Affairs Commission, CAC, says it has received feedback from the Bank of Jamaica and is currently...
After a two-year pause on the buildout of factory space in White Marl, St Catherine, to facilitate research into bamboo housing, Chairman of the Bamboo Industry Association of Jamaica, BIAJ, Robert Rainford says they are now months away from...
The Urban Development Corporation, UDC, has begun groundwork for the sale of roughly 108 acres of Caymanas Estate lands, all of which is slated for light commercial development. So far, the state agency has received approval from the National...
A waste management business started by CEAC Outsourcing Limited five years ago has hit a snag, after multiple applications to expand the operations were either denied or stalled by the National Environment...
SECOND-QUARTER profits of edtech company One on One Educational Services slid to $6.1 million for the period ending February 2023, owing to higher expenses, as the company continued its investment in growth projects while exploring new...
THE UNIVERSITY of the West Indies, UWI, Mona, is on the hunt for an investor to restore and manage operations of the small hotel on its campus formerly known as the Mona Visitors’ Lodge and Conference Centre. This comes on the heels of a...
Sunday commerce in Jamaica has long been mainly the province of essential businesses such as grocery shops and gas stations. But around the yuletide season, consumers can bet on shop owners – both large and small and spanning the spectrum of the...
Enrvate, a company jointly formed by CAC 2000 and Tropical Battery Limited, has secured $50 million in debt financing to be used as working capital while it takes on two projects lined up for next year. It’s the first of what Enrvate CEO Steven...
New data released by the Statistical Institute of Jamaica, Statin, on Thursday shows that annual inflation is back above 10 per cent, and is one point above where it stood at the end of summer. Monthly inflation in November was estimated at just 0....
BPM Financial Limited, a privately held company offering investment and pension fund management services, has acquired the property neighbouring its head office at 1A Holborn Road in Kingston for US$900,000, or about $140 million in local currency...
MFS Capital Partners, formerly known as SSL Venture Capital Jamaica Limited, SSLVC, is finalising the takeover of another business, a connected company known as Micro Financing Solutions Limited. The agreement to acquire 100 per cent of the...
It took more than a decade for Amazing Concrete Finishes Jamaica to expand beyond Kingston to its second outlook in Montego Bay, but it’s already looking to extend its footprint beyond Jamaica to six Caribbean markets in three years, bolstered by...
Grace Foods and Services, the manufacturing and distribution arm of GraceKennedy Limited, has implemented price increases on some of its goods, effective Monday, November 21. The adjustments on multiple products reflect price hikes of about 5 per...
Barita Investments Long Account has joined the line-up of top owners of petroleum marketing company Fesco. Concurrently, the companies through which two of the founding owners hold their stake in Fesco — Tweedside Holdings and Trevor Heaven...
On the heels of its breakthrough into the continental US, Lydford Mining Company is gearing up to supply another new market with aggregates. “In the next two weeks, we will be shipping 8,000 tonnes of the construction grade limestone to a new...
Minute Car Rentals Limited has rolled out a new affiliate programme called Minute RentCars, aimed at doubling the fleet it contracts from vehicle owners across Jamaica, with the aim of growing revenue, says CEO Ferone Bryan. The business, which for...
As business along the Caymanas stretch of the Mandela Highway heats up, the Jamaica Urban Transport Company, JUTC, is seeking subfranchisees to serve the newly created routes of Ferry, Kingston to Portmore, St Catherine and Mount Salus to Manor...
Real estate developer of Bay Front Villas and Apartments in Portmore, St Catherine, Richard Lake, has broken ground on a 24-apartment complex to be delivered by September 2023 under phase three of the development. The new complex, to be called the...
Papaya exporter Advanced Farm Technologies Limited has shuttered operations after some 30 years in business. The assets, which include five acres of land in Martha Brae, Trelawny, on which sits a processing facility that spans 17,854 square feet...
State agency Agro-Investment Corporation, AIC, is on the hunt for investors or farmers to plough lands spanning 586 acres in Unity, St Mary, the lease proceeds from which are expected to flow to property owner National Housing Trust. The AIC on...
Microfinance company Dolla Financial has partnered with Innovative Systems on a financial agreement that will allow the tech product retailer’s customers looking to make purchases on credit. The deal marks the second financing arrangement that...
President of the Jamaica Chamber of Commerce (JCC) Ian Neita has sounded alarm over the backlog of cargo ships at the island's port, warning that if importers do not take action to clear goods immediately, it could mean trouble for...
National Environment and Planning Agency, NEPA, has rejected an application for the expansion of a petrol station in Hanover that includes the buildout of a restaurant and other businesses on the property, painting its owner as a repeat rule...
Over a thousand acres of arable land are set to make way for the continuing building boom, as lands in Innswood Village in St Catherine which were originally acquired for a major agricultural development by a group of investors headed by business mogul Michael Lee-Chin, are being repurposed for a housing development, the Financial Gleaner understands.
