Hearings into the claim for the winding up of Arc Systems Limited will continue on July 24, a date set Friday by Justice David Batts after denying the company’s bid to reverse the order that appointed the liquidator. Batts, however, granted...
Sales have slowed at Jetcon Corporation, leading to a build-up of inventories, but Chairman John Jackson says the company is doing better than some auto dealers amid a downturn in the market. The industry, he said, has seen an overall 32 per cent...
The hearings into the winding up of Arc Systems will move to open court at the next hearing on July 12, according to different parties in the case. The decision was made by Justice David Batts at a closed-door hearing on June 20 at the Supreme...
Arc Manufacturing has struck a deal with Chinese firm Biola to produce a range of forklifts to be sold under the ARC name. Executive Chairman Norman Horne says he spent about three months touring facilities and looking at different models before...
Light and power supplier Jamaica Public Service Company (JPS) is in line for a tax break as it follows through on plans to add storage capacity to the national grid. Last week, State Minister in the Ministry of Industry, Commerce, Agriculture and...
Norman Horne’s hardware distribution company Arc Systems Limited has been placed in receivership for unpaid debts related to construction steel, or rebars, bought from a transport company based in Montego Bay. The order, handed down in the...
First Heritage Co-operative Credit Union, FHC, doubled its surplus, set a new record and wiped out its deficit, all in a single blow. For CEO Roxann Linton, FHC’s performance in 2018 is affirmation of her bet that teamwork and relationships can...
Fresh from an industrial accident which saw flat profits, Salada Foods CEO Diana Blake-Bennett says her fears of further fallout have been realised from the imposition of a cess on green beans imported for its instant coffee business. For the six-...
Integrated cannabis firm Epican is now rolling out its second store at a prime location along the Jimmy Cliff Boulevard in Montego Bay otherwise called the Hip Strip. Then later this year, it will add three more retail shops in Negril, Falmouth,...
Clinton Reid took on his former employer, Jamaica National Building Society, JNBS, in a five-year battle, and won. But the 50-year-old chartered accountant says the $8.5 million award granted by the Industrial Disputes Tribunal, IDT, is cold...
Jamaica’s most populous fast food enterprise KFC is about to get bigger, and its boss, Mark Myers, is looking to add new enticements to the product line up in its stores, possibly through a new franchise arrangement. Restaurants of Jamaica, ROJ,...
Managing Director of EXIM Bank Jamaica Lisa Bell is looking to Government’s promise that funds from dormant accounts could find their way into the productive sector as low-interest loans. Industry, Commerce, and Agriculture Minister Audley Shaw...
Pulse Investments Chairman Kingsley Cooper says he’s harboured global ambitions ever since designing the Pulse logo 40 years ago. That yearning is to be realised with the launch of Pulse Global, he says. Key to the global push is a foray into...
W orthy Park Estates is looking to rum for more revenue, saying its reputation as Jamaica’s most efficient estate is not enough to overcome changes in the sugar market that are driven by external events. In a continued tweak of its more than 300-...
C OK Sodality Co-operative Credit Union is moving to shore up its capital base and finance a new core banking system by issuing a five-year deferred share offer to its membership that seeks to raise about $600 million. The year-long subscription...
Pulse Investments Limited, which is listed on the Jamaica Stock Exchange, is seeking to secure a foothold in the African lifestyle market, and to that end has started running advertisements in its search for models on the continent. The model...
Norbrook Equity Partners is working on a plan that aims to develop ice supply into a regional market. It starts with the $350 million that the investment holding company Norbrook and its joint-venture partners in Pure National Limited, PNL, are...
With the commissioning of a 22-room boutique on the cusp of New Kingston and pending rollout of new suites at Villa Ronai, Pulse is looking to carve out more earnings for the leisure side of the company that is better known for models and fashion...
Start-up investment outfit First Rock Capital Holdings Limited has raised $2.5 billion in equity capital from private investors, all of which it intends to pump as equity into various real estate ventures and other companies. First Rock, which...
The roll-out of new products is paying off for pharmaceutical distributor Indies Pharma Jamaica, which grew sales by double digits, and then doubled its profits along the way in the January quarter. The profit outturn has displaced some of the...
It was a bad year for KLE Group, some of which the entertainment company blamed on ongoing roadworks along Constant Spring corridor, where its prime money earner is based. KLE Group also faced administrative costs to get its franchise programme...
As credit unions creep slowly towards oversight by the central bank, which is now expected to take effect in July, the movement's umbrella group that acted as watchdog is trying to carve out a new direction for itself as a kind of consultant to the...
As merchants and food establishments run out of their remaining inventory of plastic bags, the demand for alternative packaging is spiking, both in the form of paper and non-woven polypropylene, or NWPP, bags. Still, one maker of packaging, who...
In a matter of months, Supreme Ventures Racing and Entertainment Limited, SVREL, has gone through two CEOs in a tangible sign that the nascent company is still experiencing teething pains. In the rough and tumble world of horse racing, SVREL,...
