TWO YEARS after investment house Proven Investments Limited (PIL) sold its stake in Dream Entertainment Limited to Yes Iyah Limited, the new shareholder indicates that the deal is now wrapped up and all payments concluded. Dream Entertainment is...
TARGETING PORTMORE in St Catherine or more online shopping traffic, Derrimon Trading Company Limited subsidiary Sampars is offering that community free delivery of groceries on set days. The company has spent what was described as “several thousand...
ENTERTAINMENT BRAND builder and restaurateur Chad Williams is spreading his wings to the Dominican Republic, DR, and simultaneously opening a new restaurant in Kingston. The entrepreneur is capitalising on more than a decade’s worth of experience...
THE FINANCIAL Services Commission (FSC) indicates that it has concluded a reclassification exercise for Jamaican private pension plans, with changes based on specific plan benefit type and in line with Organization for Economic Cooperation and...
UNITED KINGDOM (UK) health services provider Cambridge University Hospitals has been seeking to recruit registered nurses and midwives for full-time, qualified nursing positions in all clinical areas across the hospital, with a fresh push made in...
Small commercial bank First Global, FGB, is hunting market share in the home loans segment and hopes to grow new business by at least 20 per cent within a year. The GraceKennedy-owned bank has a promotional offer of 7.25 per cent interest, 95 per...
Sagicor Life, a subsidiary of Sagicor Group Jamaica, has customised six new plans for small businesses which need health coverage for employees. The company has not shared the new coverage levels and payments attached, but said that the plans are...
The Jamaica Coffee Exporters Association (JCEA) is planning to drum up quality demand for Jamaica Blue Mountain coffee (JBM) through its marketing programme which is under way. JCEA president Norman Grant said the body will host 35 large coffee...
The Ministry of Labour, in response to advertisements in early August where recruiters sought to attract the attention of business process outsourcing (BPO) workers for the Cayman Islands and also solicit graduate teachers for the United States of...
Ryan Reid, president and CEO of First Rock Capital, is set to travel to Costa Rica this week to oversee a residential transaction in that country valued at US$3 million. Pierre Shirley, vice-president in charge of real estate business, is in...
Phillip Henriques, chairman of National Road Operating and Constructing Company Limited, NROCC, confirmed on Monday that TransJamaican Highway Limited, which holds a 35-year concession for the Highway 2000 East-West toll corridor, will be going to...
While the real estate sector is a bit divided on just how many more luxury apartments the market can absorb, developers Peter Rousseau and Colin Steele have a waiting list for one of Kingston’s largest luxury developments in decades. The 25-acre...
Year-old plans to combine Clarendon Alumina Production, CAP, and Jamaica Bauxite Mining Limited and float the merged business on the stock market may have hit a snag related to CAP’s chief asset, Jamalco, which itself was part of a separate...
The Jamaica Coffee Exporters Association, JCEA, says it is working with the Jamaica Agricultural Commodities Regulatory Authority, JACRA, on a registration drive for coffee farmers, an initiative that sector leaders say could help clamp down on the...
Reducing the tax obligations of regulated finance companies would increase responsiveness to monetary signalling but there would be fiscal consequences, says the International Monetary Fund’s (IMF) Jamaica office. The Jamaican government, the...
Legal costs connected to an adverse court judgment, high water charges and a dispute with The University of the West Indies, UWI, over room quotas, weighed on half-year earnings for real estate company 138 Student Living Jamaica Limited. The group...
A new deal inked with three regional Nestlé businesses and others being considered with companies in Latin America position the Serge Island dairy operation at Bog Walk, St Catherine, to achieve full utilisation of its manufacturing capacity....
Instant-Save Conservation Solutions Jamaica Limited, a five-year-old company that distributes water-saving technology, is about to venture into Barbados. Talks are under way for the expansion, which is expected to cost the company $6 million, says...
PDV Caribe SA, a subsidiary of Petroleos de Venezuela (PDVSA), the Venezuelan firm that up to recently held a 49 per cent stake in Jamaica’s state-owned oil refinery, Petrojam, has selected legal luminary Michael Hylton, QC, to represent it....
The National Housing Trust (NHT) is still consulting internally on the details of the new intergenerational mortgage product and is yet to set a roll-out date. The initiative was announced by Prime Minister Andrew Holness in March as a means of...
Microfinancing firm Sprint Financial Services has introduced two new business lines, purchase order financing and transfers of PayPal payments through newly developed portal SprintFinx.com. The online portal will facilitate settlement of PayPal...
Adjustments to the law that polices credit bureaus are under consideration, a development that two of the three players say should open up the market to new products and services that they are currently barred from selling. Craig Stephen, CEO of...
The Statistical Institute of Jamaica on Tuesday released new data on inflation which shows that the indicator is moving significantly for the first time in seven months, giving some hope that the central bank may meet its inflation target by June...
Creditinfo Group, a privately owned Icelandic company that entered the Jamaican market nearly a decade ago, is now expanding in the region. CredInfo partnered with Coalesce Credit Solutions Limited, a local company owned by entrepreneurs Damion...
The Jamaica Chamber of Commerce-commissioned business and consumer confidence indices indicate that optimism among businesses and consumers remains on an upward trend. The business confidence Index increased to 151 points in the first quarter of...
