Revealing new details about its pending headquarters project, Image Plus Consultants Limited said the new structure will encompass at least four floors, half of which will be placed on the rental market. The near three-quarter-acre site identified...
Regional security Amalgamated Security Services Limited has acquired a 51 per cent stake in ECHE Limited, a cash management and digital payments company founded by seasoned security professional, Lititia Myers-Gray. The equity deal with Amalgamated...
THE BANK of Jamaica (BOJ) says it will, in short order, update its projections for the economy, following new data released by the Statistical Institute of Jamaica (Statin) which shows that annual inflation dropped to 6.2 per cent for the period...
The prices of fruits and vegetables have been fluctuating over the past four weeks, but last weekend the majority declined in a hopeful signal that food prices may not spike too much beyond the reach of consumers in the run-up to Christmas. Produce...
Caribbean Dreams Foods Limited, the newly created manufacturing division of Jamaican Teas Limited will be spun off by March 2023, having secured rights to produce Tetley brand of teas. The new company was expected to become operational around March...
Nearly 40 per cent of 3,000 acres of prime farmlands in Innswood, St Catherine, that are at the centre of a firestorm over planned construction of homes by investors led by Michael Lee-Chin had already been rezoned for housing three years ago,...
Some 20 micro, small and medium-sized manufacturers will next month participate in a training and development workshop led by Amazon strategist OnPointe Consultants, an exercise that organiser the Jamaica Manufacturers and Exporters Association...
Construction materials company Arc Manufacturing Limited is adding five times more retail space for customers looking to purchase items for home improvement projects. The upgrade, aimed at improving retail consumers’ overall shopping experience,...
Everything Fresh Jamaica has terminated short-term lease arrangements for its cold storage and dry goods warehouse spaces, in anticipation of the need to store more inventory items as business in the tourism sector comes roaring back. The company,...
Telehealth service provider MDLink has acquired private medical lab Fleet Diagnostic Laboratory Limited in a move expected to bring the company closer to its goal of creating an ecosystem around online healthcare. The next target for the company...
Ice cream maker Caribbean Cream Limited, which trades as Kremi, for the first time slipped into the red for its financial year ended February 2022, recording net losses of $9.2 million. The company, which at the onset of the pandemic found itself...
Days after online investors and traders took to Twitter to complain about a glitch that denied access to JTrader Pro, the Jamaica Stock Exchange says improvements are coming for the stock trading platform it first launched six years ago, but no...
Victoria Mutual Building Society, a mortgage bank with various non-banking companies under its wings, has received board approval and a nod from the Bank of Jamaica to restructure the group – a move that will strip VMBS of its rank and obligations...
Zachary Harding, who led the reorganisation of SSL Group into a leaner operation, is leaving the company to focus his energies on Delta Capital Partners Limited in which he is a shareholder. One of his immediate priorities is raising capital for a...
Micro-Financing Solutions Limited, the new owner of SSL Venture Capital Jamaica Limited, SSLVC, will meet at the board level to discuss the operational direction of the shell company it acquired for $30 million. The discussions are pointing to a...
More than a year has elapsed since the Jamaica National Group applied for a banking licence in the Cayman Islands, but it’s hopeful of landing the permit by the advent of summer. Cayman Islands would become the third commercial banking market for...
Ainsworth and Addia Brown’s journey to towards for agriculture and agro-processing all started with the neighbour’s unleashed dog. The five weeks they spent feeding and caring for 2,000 chickens that they intended to sell to one of the island’s...
The majority of businesses participating in the Jamaica Productivity Centre, JPC, surveys on alternative work arrangements consider the impact of work-from-home or WFH arrangements on productivity as either somewhat or very effective, but only a...
Exporters of Jamaica’s coffee, wine and chocolate exporters to China have managed to meet a December 31 application deadline to have their products sold within that market, but are still in the process of gauging the impact of the new hurdle on...
Larren Peart is making a second attempt at reacquiring 100 per cent share ownership in Bluedot, the data insight and intelligence company he launched six years ago. Peart first attempted to reacquire SSL Venture Capital Jamaica’s 50 per cent...
The operations, assets and liabilities of Mountain Peak Food Processors Limited, MPFP, have been transferred to parent company Salada Foods Jamaica, SALF. MPFP, which produced and owned the Roberts brand of vinegar, browning, canned beans and fruit...
Progressive Grocers of Jamaica Limited has pumped $800 million into its fourth shopping centre on Barbican Road in Kingston. The new mall, called Progressive Shopping Centre, was officially declared open for business on Tuesday, but already its...
After months of engaging with potential business partners to back the cash-strapped operation of Benlar Foods, the business has been declared insolvent, and its assets are up for sale for an estimated $18 million. The Office of Insolvency has...
Guardsman Armoured Limited, the security, logistics and cash management arm of the Guardsman Group, has rebranded to Beryllium Limited, as it repositions as a more serious player in the outsourcing and technology sectors. Beryllium will be offering...
Six years after an initial attempt by the Ministry of Agriculture and Fisheries to increase the gene bank of cattle and goats, it has again embarked on a three-year livestock genetic improvement programme, but this time with stricter measures to...
