The mystery surrounding Usain Bolt’s missing millions is appearing to deepen as two successive CEOs of the beleaguered Stocks and Securities Limited (SSL) had no knowledge that the retired athletics powerhouse was their client. Doubt is beginning...
The Jamaican general insurance industry is in for tough times in 2023, industry members say, citing the double whammy of having to increase rates to guarantee a better rate of return to reinsurance investors and getting reduced reinsurance cover,...
Jamaican manufacturers are singing a hopeful tune but with a note of caution as they look forward to 2023. It was a year in which producers were beset by the continued high cost of freight, which impacted the cost of goods, and logistical...
Financial services company MoneyMasters Limited is readying one of its companies, MoneyMasters Securities Limited, MMS, for listing on the Jamaica Stock Exchange, and expects to float the shares to market investors by the end of the year. The MMS...
With regulatory approval in hand since September, the Jamaica arm of CG United Insurance is looking to build its name recognition amid plans to grow its insurance business by at least one-tenth within the next year. The general insurer entered the...
Education and training, which was the primary area of iCreate’s focus when it went public nearly four three years ago, has now fallen to around 30 per cent of the business. But the digital media company and operator of iCreate Institute wants to...
Manpower & Maintenance Services Limited (MMS) is on the hunt for a CEO as the sanitation company founded by Audrey Hinchcliffe restructures and prepares for succession...
Lasco Manufacturing Limited has reactivated its stalled expansion programme at White Marl, St Catherine. Chairman of the Lasco group of companies, Lascelles Chin, said the project was in the works from three years ago but was delayed by the COVID-...
The installation of two new beverage lines by Wisynco Group Limited will boost production by at least 35 per cent, according to Chairman William Mahfood. The drinks manufacturer plans to increase its capacity to meet the growing demand in local and...
Stationery and Offices Supplies Limited, SOS, will be expanding into new markets beginning the first quarter of 2023, and is currently working on distribution arrangements within the Caribbean towards that end. It’s also looking to add to its line...
For the past six months, Wilson Beck LPG Limited has been quietly staking a claim in Jamaica’s liquid petroleum gas or cooking gas market. The company operates from lands that house the shuttered Bernard Lodge sugar factory, where it has set up an...
Used car dealer Jetcon Corporation has added a new business line, which takes it outside the auto market for the first time in three decades of operation, amid moves to restore sales revenue to prepandemic levels. The car company has ventured into...
tTech CEO Christopher Reckord is exploring his options with an eye on either a Caribbean or global move. This, as he announced that after nearly a decade of association with tTech, and over four years as its leader, he will be moving on. Reckord...
Michael Lee-Chin Jr has ventured into an online business that offers loans to the unbanked and others facing challenges in accessing credit. Lee-Chin Jr, the son of investor and bank owner Michael Lee-Chin, has joined forces with banking and...
Y aadman Petroleum is set to enter the fiercely competitive service station market in the Corporate Area, opening a new service station at the Pechon Street and Water Lane intersection in downtown Kingston as part of plans to spend more than...
COK Sodality Cooperative Credit Union has signed an agreement with Northern Caribbean University to set up a branch on its Mandeville campus that will not only offer financial services to staff and students, but will also facilitate NCU’s work-...
Anticipating an inflection point and the likely takeoff in electric vehicle sales, General Accident Insurance Company, GENAC, is taking first-mover position in the Jamaican market with special coverage. This after scoring success as a new player...
Buffeted by inflation and higher loan costs, car buyers are moving away from sport utility vehicles (SUVs) and even mid-level sedans to cheaper models. However, the lower sale prices and higher costs incurred to supply these cheaper cars are...
A consortium that is said to include three of Jamaica’s leading investment houses – JMMB, Barita, and Sygnus – as well as three directors of the Jamaican bunkering outfit that initially claimed it bought the company, says it is on the hunt for US...
Audrey Hinchcliffe’s Manpower Group wants to start awarding first degrees by 2026. The cleaning and maintenance company’s training arm, the Institute for Worker Education and Development, IWED, is now recognised as a higher-education institution....
Amber Aviation, a new subsidiary of the Amber Group, is set to take to the Jamaican skies by January with a fleet of six aircraft that will be utilised for air tours targeted at tourists. But it’s still awaiting the final issue of its permit by the...
Dolla Financial Services Limited is launching a bid to acquire rival microlender Access Financial Services. Dolla Financial CEO Kadeen Mairs has written to Access' board of directors saying they are "interested in exploring a take-over to acquire...
Riding on the back of a fourfold rise in revenue, First Rock Real Estate Investment Limited, FREI, reported its best quarter since going public as a start-up. At US$2.42 million, or 0.8 cent per share, the real estate investment company’s earnings...