Sun | Jun 16, 2019

Business

Nearly half of Jamaican mobile phone users continue to experience credit depletion, ‘shock bills’, and confusing data plans, according to a survey by the Office of Utilities Regulation, OUR, the findings of which will form the basis for...

The long-touted plan of turning Jamaica’s trash to cash is one step closer to reality. The Government is in the process of engaging a consultant to make the business case and structure the transaction for the divestment of Jamaica’s waste disposal...

Three of the five business segments operated by banking conglomerate Scotia Group Jamaica, SGJ, made less revenue at half year, which led to lower profits In its financial results released on Thursday, Scotia Group profit for the April quarter...

The Jamaica Used Car Dealers’ Association, JUCDA, says it is strongly opposed to a new directive by the Trade Board for importers of used motor vehicles to pay a Jamaica government agent based in Japan to sanitise each auto at a cost of up to US$...

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...

GK General Insurance, GKI, has partnered with London-based company Tokio Marine Kiln and global reinsurance advisers Willis Tower Watson to bring a cyber insurance product to market. The product, called Cyber Control, which becomes available on...

The Petroleum Corporation of Jamaica, PCJ, says it is ready to lease the 2,200-acre Font Hill property in St Elizabeth, and will issue a request for proposals (RFP) by year end. The energy authority is working with the Urban Development Corporation...

Sagicor Investments Jamaica Limited intends to create a fund seeded with well over $1 billion that will finance infrastructure projects. The fund, which the brokerage plans to list on the Jamaica Stock Exchange, JSE, will invest in both new and...

Advertising agency, The LAB, is going public and plans list to the junior arm of the Jamaica Stock Exchange by September. NCB Capital Markets will act as the lead arranger of the company’s initial public offering (IPO) of shares. Listing would...

SOL Petroleum Jamaica Limited has begun selling off its stock of Shell lubricants, days before the official closure of its bunkering and lubricant business. In a notice to the public on Wednesday, SOL invited interested parties to view and make...
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