Private equity investor Anthony Dunn and marketing and tourism aficionado Donovan White are now members of the board of junior market-listed company iCreate. Dunn is currently the chief investment officer of Delta Capital Partners Limited and will...
The process of ‘delayering’ and ‘reset’ at Jamaica’s largest bank, the National Commercial (NCB), is well under way as two more top executives under the NCB Group have departed. Steven Gooden, chief executive officer of NCB Capital Markets, and...
Patrick Hylton and Dennis Cohen say they are ready to negotiate suitable packages in the aftermath of their separation from the two top posts at the NCB Financial Group. The two men had surrendered over 95.1 million NCB shares that they held as at...
With no indication of the extent of a data breach and cyberattack at investment firm Mayberry, the company yesterday urged clients to take immediate steps to protect themselves “against any possible adverse consequences”. In its second notice to...
DIGITAL MEDIA company iCreate is still in breach of the Jamaica Stock Exchange’s (JSE) Junior Market Rule 505 (7) (a). The rule says: ‘The Junior Market Company shall at all times ensure that the fully paid, subscribed participating voting share...
MANAGING DIRECTOR at the National Export-Import (EXIM) Bank, Lisa Bell, is stepping down from her post on April 30, 2023. Bell has been at the helm of the state finance agency for 13 years. She joined the EXIM Bank in 2010, having previously served...
FACED WITH a first quarter loss and peaks and troughs in its revenue flows, air conditioning company, CAC 2000 Limited, has struck a deal with Real Marketing out of Trinidad and Tobago to represent Crown Ltd. Gia Abraham, CEO, describes Crown Ltd...
Jamaica’s census exercise has been delayed by a 31 per cent shortfall in field workers but the extension is not expected to significantly impact the $2-billion budget, Statistical Institute of Jamaica (STATIN) Director General Dr Carol Coy has said...
Two weeks into taking over the reins at technology service provider tTech, new CEO Norman Chen is already reshaping his senior team, with the split of the technical services management portfolio into two posts. Another two management positions are...
The shock announcement that residential units have been yanked from the J$7-billion, multistorey luxury Residences at Terra Nova has left stakeholders puzzled, with the lead realtor on the project insisting that he had bankable offers on half of...
Executive director of the Betting, Gaming and Lotteries Commission (BGLC), Vitus Evans, says Jamaica’s gaming industry can reap more benefits by realising operational efficiencies from the merger of three regulatory bodies, but, eight years after...
Jamaica’s first investigation of adult gambling is now out and it has offered up interesting perspectives on persons who gamble. The typical gambler in Jamaica is likely to be male and in the lower-income bracket, numbering among the 62.5 per cent...
RJRGLEANER Communications Group CEO Gary Allen is calling for a review of the January 2023 deadline for full digital switchover (DSO), noting that all players in the local broadcasting landscape and members of the public will not be ready in time....
VertiCast Group says it is finalising its new management team to fully take control of the recently acquired CVM Group by mid-October. Although refusing to divulge the size of the deal or the portion of CVM Group it now owned, VertiCast Group CEO...
Alliance Investment Management Limited (AIML), Alliance Financial Limited (AFL), their President Peter Chin and Vice President Robert Chin are facing a raft of charges for alleged breaches of the Bank of Jamaica Act, the Banking Services Act and...
The US$15 million ($2.3 billion) shot in the arm announced Tuesday is just what cannabis research and production outfit Medicanja needs to chart a direct course to growth, according to Chairman Dr Henry Lowe. The cannabis company is now being...
A digital future is coming into sharp focus for the RJRGLEANER Communications Group as the company readies for digital switchover (DSO). The company is planning to spend about $1.5 billion on the project to digitise its operation, according to CEO...
As a raging fire swept through the Newport West warehouse and offices of Seprod on Saturday night, CEO Richard Pandohie said he parked his car in front of the Facey Pharmaceutical Division of the manufacturing and distribution conglomerate. He...
Kingston Properties Limited, KPREIT, is banking on a continuing property boom in the Cayman Islands. The real estate investment trust placed a US$3.13-million bet to that effect last Thursday, when it entered into an agreement with a developer to...
Warren Chung will step down as CEO of Elite Diagnostic Limited at month end for personal reasons. Chung, 57, has helmed the business since its formation a decade ago, but having steadied the performance of the Drax Hall, St Ann, diagnostic centre,...
Logistical delays, material shortages and production problems have been pushing up hardware sector prices, but it’s had no discernible impact on demand for hardware items, according to sector operators. Like the wider construction market, hardware...
Heavy equipment company IMCA Jamaica, the agents for Caterpillar, is moving to reclaim turf and take advantage of opportunities in the construction and mining sectors, a centrepiece of which will be a new base of operation being developed on its...
Six months into the job as CEO, Gia Abraham is focused on a three-pronged strategy for air conditioning company, CAC 2000 Limited, centred on diversification, operational improvements and people development. She has taken over from her husband...
With favourable winds and high equipment availability, Wigton Windfarm Limited breezed past its 2020 profit performance, topping the $664 million earned last year by nearly 19 per cent. The improvement came despite third quarter wind-availability...
Sygnus Credit Investments Limited, SCI, will be heading to the market again to raise capital, but this time it’s going after debt on the private market. The company, which recently raised fresh equity on the stock market through additional public...
