Tax Administration Jamaica, TAJ, has listed at least 10 business services that it intends to make paperless before the end of the fiscal year in April 2022, as it aims to have 90 per cent of all tax payment transactions online. The move also comes...
Jamaican manufacturers and exporters say they have seen at least a 20 per cent dip in earnings in the past month, due to the 'no movement' days, according to information released by the Jamaica Manufacturers and Exporters Association, which is...
Shareholders of microlender Access Financial Services, AFS, on Thursday approved a resolution that will see the company adding four directors to its board, moving from seven to a maximum of 11. The amendment to the AFS Articles of Incorporation...
Beverage company Wisynco Group Limited doubled its cash holdings in one year, from $3.6 billion to $7.2 billion, enough to part fund acquisitions when opportunities arise over the short term, Chairman William Mahfood has said. The additional cash...
The Jamaica Manufacturers and Exporters Association, JMEA, is already in discussions with another air cargo carrier that would serve as the third preferred logistics solution company for its members, having recently struck a deal with Caribbean...
A new bond being issued by Pulse Investments Limited is expected to raise $1.1 billion for the modelling and hospitality company and thereafter, will be listed on the Jamaica Stock Exchange, JSE. The bond will have a seven-year tenure and is being...
Activity in the property auction and private treaty market are at a low, due to leniency by mortgage lenders that have held back from confiscating the homes of debtors while the economy tries to recover from the COVID-19 pandemic, the Realtors...
Courier and delivery solutions company Mailpac has spent roughly nine months pilot-testing a self-serve parcel locker at its Old Hope Road store in Kingston. The test has been successful, Executive Chairman of the Mailpac Group, Khary Robinson,...
Miracle Corporation, a business that started out in 1973 as a distributor of locally made clothing brands, has grown to 50 brands in nearly half a century but has left behind the garment market, having staged its exit when it had grown heavy with...
Three medium-sized companies – Bare Nutrition Limited, Intermed Company, and Sherwood Forest Coffee Company – have got backing from the Development Bank of Jamaica, DBJ, to expand their businesses, locally and regionally. The $37 million grant...
Jamaica Broilers Group Limited says its operations in Haiti might take a bit longer to return to normality than initially anticipated, following back-to-back tragedies that have given rise to a month-long state of emergency. The country of 11.5...
The Banana Board is in talks with an unnamed Canadian company that it hopes to supply with vacuum-packed, peeled green bananas for redistribution in the Canadian retail market. The discussions are ongoing, but the Banana Board, a state agency that...
The cruise market is reopening again for Jamaica, bringing with it the prospect of new business from a flow of foreign visitors for the Dolphin Cove marine park. Five of Dolphin Cove’s sites are now open for business, while the sixth – Dolphin...
Jamaican Olympian sprinter Usain Bolt is investing in another real estate development at 30 Hope Road in Kingston that is to become a business process outsourcing centre. The property, encompassing 60,000 square feet of land, has been sitting idly...
Lakes Pen Agri-Ventures expects to start reaping vegetables by November, as the multibillion-dollar enterprise that businessman Gassan Azan and his partners are building continues to take shape. Around half of the crops is to be supplied to...
Berger Paints Jamaica Limited is banking on its Boldly Berger campaign to claw back revenue lost to the pandemic, by targeting hospitality businesses that are refurbishing their plants and household spruce-up projects during the peak season for...
Food distributor Everything Fresh Limited, EFresh, has exited the business of animal slaughter and processing of meats after more than two years of negative returns from subsidiary Meat Experts. The company is back to focusing resources on its...
Pure National Limited, PNL, the joint venture company formed from the merger of Pure National Ice, Kingston Ice and Happy Ice, says it has poured $120 million into technology and infrastructure to grow the business, adding to the investment...
W eighed down by the lagging effects of its sugar misadventure, manufacturing and distribution company Seprod Limited experienced a narrow one per cent dip in quarterly profit in the second quarter. But it is the unyielding supply chain...
Newly elected president of the Jamaica Manufacturers and Exporters Association John Mahfood has set himself a goal of increasing the quantity of goods that manufacturers – particularly those producing on a smaller scale – sell to Caribbean markets...
The Inter-American Development Bank is backing an initiative to bring creative ventures out of the shadows through its innovation unit, IDB Lab, which is working alongside Kingston Creative Limited and two government agencies on a registration...
Jamaica Broilers Group Limited, JBG, grew yearly earnings by 76 per cent to $2.4 billion, sufficient to recover the ground lost in 2020 during the pandemic, but the leading poultry producer’s profit performance was flat relative to 2019. Revenue...
The corrugated box industry has seen a significant turnaround in business after the initial shock of the pandemic, but now they face a new dilemma: the world’s paper mills are not churning out paper fast enough. Demand, partly driven by the upswing...
Electricity distributor Jamaica Public Service Company, JPS, says it has enough power to charge the estimated 50,000 electric vehicles that is projected to be in use in Jamaica by 2030, but can only do so effectively if EV owners confine the...
Digital payments are not new to Jamaica, and digital gifting, or the sending of gift cards electronically, has already been pioneered, though it is still in its infancy. Online payment for entry to parties and other events has not been commonplace...
