T wo name brand Jamaican companies, one a food and logistics conglomerate, another a financial group, are holding steadfast to their operations in the United Kingdom, UK, even as the uncertainty persists around trade in the post-Brexit era. The UK...
Seafood exporter B&D Trawling is reeling from the impact of the coronavirus on its Chinese market, and facing the prospect of having to lay off half of his 200 workers, the head of the company says...
Jamaican Teas Limited, JAMT, stumbled to a first-quarter loss of $44 million, despite a 15 per cent improvement in sales. The group’s descent into red flowed from the performance of its spin-off investment company QWI Investments Limited, which...
The number of accounts hosted at the Jamaica Central Securities Depository, JCSD, for stock market investors jumped by more than 48,000 or 30 per cent, largely driven by new market entrants. The numbers also topped 200,000 for the first time –...
The large resort spanning 4,800 rooms to be developed by Karisma in St Ann will also feature a component for luxury residences. The US$1-billion hotel project being developed at Llandovery on Jamaica’s north coast will officially begin...
New suppliers are rushing in to fill the void left by the ban on styrofoam food containers, but the twin burdens of duties payable and ability to service clients consistently are acting as constraints on would-be suppliers. At least one supplier is...
When the board of junior market beverage company Jamaican Teas Limited meets on January 14, the directors will consider two subjects: a possible increase in the authorised share capital of the company and a sub-division of the companies issued and...
Attorneys representing petroleum marketing company Petcom say they are headed to the courts in the aftermath of a large find of cooking gas cylinders belonging to the three largest distributors of liquid petroleum gas (LPG) or cooking gas. Sean...
Troubled airline Fly Jamaica is seeking protection from creditors as it tries to restructure and stay in business or explore other options, such as a sale. That filing for bankruptcy protection with the Office of Insolvency was done on October 29,...
Less than five months after opening as the fourth cinema in the Palace Amusement chain, the early performance of Sunshine Palace has been clouded by security measures imposed to contain and deter crime. The 674-seat facility at the Sunshine Outlet...
Jetcon Corporation’s September quarter was its best year to date, but the company would have to pull off a spectacular finish if it is to match its full-year performance in 2018. That would take earnings of about $47 million in the December...
Energy finance company MPC Capital expects a series of projects it is backing to come on stream within two years in various regional markets, including Jamaica. The German company, which is keenly overseeing a US$23 million rights issue by its...
NCB Insurance Company, NCBIC, is laying claim to being the oldest continuing pension fund in Jamaica, but they fall second behind the top fund manager Sagicor Life in terms of market dominance. The private pension market is valued above $600...
In Jamaica’s capital city, home buyers who dream of yard space, their own boundary wall or fence, and all that comes with a stand-alone residence now have to worry about more than just the mortgage in single house property. Land space is...
A decade has elapsed since the Government last sold its sugar assets to private owners, including a foreign investor. The six factories were supposed to become profit-making machines after serious retooling. But the programme has largely failed,...
It will take two years to build out the new distribution hub that Cari-Med is investing US$46 million ($6 billion) to develop on the north western fringes of the Bernard Lodge lands in St Catherine. The hub will consolidate and relocate several...
Closing arguments in the Arc Systems case began in the Supreme Court on Thursday but won’t conclude until the end of October due to time constraints and scheduling conflicts. Justice David Batts is hearing an application from Exclusive Holidays of...
The timetable to return Fly Jamaica to the skies appears to be in doubt, its employees are still unpaid, and the airline’s founder, Ronald Paul Reece, says the deal for the takeover of the airline is yet to be finalised. Glenn Logan, who previously...
Gloria’s Seafood City, a choice eatery that has its genesis in the quiet fishing village of Port Royal, east Kingston, but which attracts customers from all over the island, has expanded the business to Ocho Rios, St Ann. The 1,300 square feet...
When Caribbean Producers Jamaica’s new technology platform collapsed at it’s commissioning, it not only disrupted customer orders, but created a spiral that derailed the company’s earnings and put at risk its undertakings to creditors who...
Seprod’s grain joint venture has opened up export markets in four regional countries in the near two years that it has been in operation. And while Seprod CEO Richard Pandohie was not specific on the details, he said the payback on the more than $...
Interim receiver Ken Tomlinson has reaffirmed in a second report to the court that properties owned by Arc Systems Limited were transferred over time to a company called Hilda Corporation and subsequently transferred two years ago to another...
Petrol dealer Annette Wong-Lee says growing up in a clan of nine boys and two girls not only prepared her to hold her own, but to stand out in the tough world of the auto industry. She has now delivered what is being described as Jamaica’s first ‘...
Ken Tomlinson, the interim receiver for Arc Systems Limited, acknowledged under questioning in court on Wednesday that none of the mortgages issued against properties identified in his report to the court had been guaranteed by Arc Systems....
Illegal growers of marijuana are being offered the opportunity to formalise their operations through the Alternative Development programme under construction by the MICAF, which is meant to create a supply chain for the medical marijuana and pharma...
